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$217 Million Pour Into Grayscale’s Crypto Funds Following Bitcoin TV Ad Campaign
16.8.2020
Grayscale Investments announced that it has raked in record investments of $217 million the week its TV commercial campaign launched. The company’s crypto TV commercial kicked off on CNBC, MSNBC, FOX, and FOX Business. Following Grayscale, Michael Novogratz’s Galaxy Digital places...
US Regulator Charges Tech Firm, CEO in $5 Million ICO Fraud Case
16.8.2020
The United States Securities and Exchange Commission (SEC) jointly charged Virginia-based Boontech and CEO, Rajesh Pavithran for fraud and registration violations. The charges stem from an initial coin offering (ICO) that raised $5 million from 1,500 investors around the world in exchange for Boon...
Law Firm Sees Crypto Investors Flocking to St. Kitts & Nevis for Dual Citizenship
15.8.2020
This week news.Bitcoin.com spoke with Jennifer Harding Marlin from the St. Kitts & Nevis islands law firm JH Marlin. The business specializes in all types of law practice and citizenship by Investment (immigration) is very popular. Marlin explained that recently, the company is getting...
Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving
15.8.2020
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. The Toronto Stock Exchange-listed company extracted just 795 bitcoin (BTC) in the April to June...
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M
15.8.2020
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million....
ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months
14.8.2020
Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020. The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed...
Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin ‘Superior to Cash’
11.8.2020
Nasdaq-listed company Microstrategy Inc. is bullish on bitcoin, saying that it is a “dependable store of value” that is “superior to cash.” The billion-dollar company has purchased $250 million in bitcoin, adopting the cryptocurrency as its primary treasury reserve. Public...
Bitcoin Just Got USD 250m Endorsement From Major US Company
11.8.2020
Source: Adobe/Prostock-studio
US-based major business intelligence company MicroStrategy said it has purchased BTC 21,454 at an aggregate price of USD 250m, inclusive of fees and expenses.
“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term...
Wirex Launching in US After Receiving State Money Transmission License
10.8.2020
Wirex has received its first money transmission license in the U.S., where the company is now gearing up to launch its “next-gen cryptocurrency platform linked to a spending card.” US Expansion Wirex announced Friday that it has received its first U.S. money transmission license and...
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook
8.8.2020
Goldman Sachs is considering creating its own cryptocurrency. Having recently appointed a new head of digital assets, the company indicated a possible collaboration with other companies, including JPMorgan and Facebook. JPMorgan has created the JPM coin and Facebook has proposed the Libra...
Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning
8.8.2020
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get...
Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status
7.8.2020
The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves...
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...
Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%
6.8.2020
Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released...
Grayscale Ethereum Trust Files To Become An SEC Reporting Company
6.8.2020
Grayscale Ethereum Trust files to become an SEC reporting company amidst the Ethereum bull run
Boring Company se údajně chystá razit tunel spojující Los Angeles a Las Vegas
6.8.2020
Na internetu se objevily fotografie, které zachycují velké stany a těžkou techniku patřící společnosti Boring Company v kalifornské poušti severovýchodně od Los Angeles. Upozornil na to server Teslarati.
Teoreticky je tak prý možné, že Muskova společnost se chystá razit tunel spojující Los
South African Bitcoin Investment Company Faces Fresh Scam Allegations
4.8.2020
FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027...
Jetpack CRM
4.8.2020
About a year ago, Automattic bought up Zero BS CRM. The thinking at the time was that it could be rebranded into the Jetpack suite and, well, that happened.
CRM meaning “Customer Relationship Management” if you’re like me and this is a little outside your sphere of everyday...
European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users
4.8.2020
2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July...