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FTX To Buy Distressed BlockFi at Insane Discount
FTX To Buy Distressed BlockFi at Insane Discount
News  •  Business  •  Jun 30, 2022 by Deniz Saat

A term sheet is currently being finalized between derivatives exchange FTX and digital assets platform BlockFi due to extreme market volatility and mismanagement within the company.  According to CNBC, an FTX spokesperson said the company “would not be commenting on the matter.” BlockFi was also unavailable to comment. FTX had

Twitter Feud With Nic Carter Over Identity-based Wallet
Twitter Feud With Nic Carter Over Identity-based Wallet
News  •  Bitcoin  •  Jun 30, 2022 by Hodl D

On June 28th, 2022 Venture Capitalist Nic Carter announced he was “Excited to be backing” identity-based wallet company, Dynamic.  Dynamic XYZ’s goal is to usher in “the adoption of wallet-based authentication and identity.” The company announced that they raised $7.4 million during a seed round of funding led

21Shares Announces a Low Fee Bitcoin ETP
21Shares Announces a Low Fee Bitcoin ETP

21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market. The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the

News  •  Bitcoin  •  Jun 30, 2022
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21Shares Announces a Low Fee Bitcoin ETP
21Shares Announces a Low Fee Bitcoin ETP

21Shares is the world's largest issuer of cryptocurrency exchange traded products (ETPs), and its newest offering, the Crypto Winter Suite, is a robust toolkit for navigating the bear market. The Crypto Winter Suite is actually a line of products, all of which aim to help investors “buy the

News  •  Bitcoin  •  Jun 30, 2022
FTX To Buy Distressed BlockFi at Insane Discount
FTX To Buy Distressed BlockFi at Insane Discount

A term sheet is currently being finalized between derivatives exchange FTX and digital assets platform BlockFi due to extreme market volatility and mismanagement within the company.  According to CNBC, an FTX spokesperson said the company “would not be commenting on the matter.” BlockFi was also unavailable to comment. FTX had

News  •  Business  •  Jun 30, 2022
Twitter Feud With Nic Carter Over Identity-based Wallet
Twitter Feud With Nic Carter Over Identity-based Wallet

On June 28th, 2022 Venture Capitalist Nic Carter announced he was “Excited to be backing” identity-based wallet company, Dynamic.  Dynamic XYZ’s goal is to usher in “the adoption of wallet-based authentication and identity.” The company announced that they raised $7.4 million during a seed round of funding led

News  •  Bitcoin  •  Jun 30, 2022
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay

The Treasury Department and Internal Revenue Service are likely to delay a January date for the firms to begin tracking data such as customers’ capital gains and losses, according to people familiar with the matter and who asked not to be named at this time. The move would mean that

News  •  Bitcoin  •  Jun 29, 2022
A Closer Look at Circle’s USDC Operation and Possible Failure
A Closer Look at Circle’s USDC Operation and Possible Failure

Twitter user @CryptoInsider23 posted a thread claiming that Circle’s USDC stablecoin “is on the brink of collapse.” The account explains that they were able to come to this conclusion by looking into Circle’s SPAC IPO filings. From the provided tweet and infographic, Circle is currently paying Signature Bank

News  •  Markets  •  Jun 29, 2022
Luxury Watchmaker Breitling Accepts Bitcoin for Purchases
Luxury Watchmaker Breitling Accepts Bitcoin for Purchases

One of the world’s oldest luxury watch brands has decided to join the bandwagon of recent luxury watchmakers to accept Bitcoin.  Breitling has partnered with BitPay as their Bitcoin and cryptocurrency payment service provider. This allows customers the option to pay with Bitcoin or other cryptocurrencies at checkout.  The

News  •  Bitcoin  •  Jun 29, 2022
CoinFLEX CEO Claims Roger Ver Owes Millions to Derivatives Exchange
CoinFLEX CEO Claims Roger Ver Owes Millions to Derivatives Exchange

On June 27th, 2022 a Twitter account by the name of @FatManTerra revealed that an insider within CoinFLEX was allowed to borrow $47 million of uncollateralized USDC as a loan. CoinFLEX stated on June 23rd that their platform would be halting all withdrawals due to the current market volatility. Almost

News  •  Bitcoin  •  Jun 28, 2022
Swiss Mining Company Opens Operations in Texas
Swiss Mining Company Opens Operations in Texas

White Rock Management, a Swiss mining company has announced that they will deploy its first Bitcoin mining operation in the U.S. The facility will be located north of Houston at Brazos Valley and will be powered through by-product natural gas from active oil wells. Serhiy Tron, Founder of White

News  •  Bitcoin  •  Jun 28, 2022
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