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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
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
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
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
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
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
The Wall Street Journal released a report on Monday (June 27th, 2022) stating that hedge funds are ramping up efforts to short Tether (USDT), the stablecoin pegged to the U.S. dollar. Subsequently, Tether Chief Technology Officer (CTO), Paolo Ardoino, voiced his thoughts on Twitter in a 12-part thread. He
News • Business • Jun 28, 2022
Grayscale Investments said Monday (June 27th, 2022) that it is gearing up to work with heavyweight market makers Jane Street and Virtu Financial if the SEC approves their Grayscale Bitcoin Trust (GBTC) to be converted into a spot ETF. GBTC is currently trading at nearly a 30% discount to net
News • Bitcoin • Jun 28, 2022
Three Arrows Capital (3AC) is a cryptocurrency hedge fund that was run by Zhu Su and Kyle Davies from their Singapore and Dubai offices. The company bought Bitcoin on leverage using funds from DAOs and CeFi firms that include Voyager and BlockFi. At its peak the fund was worth around
News • Business • Jun 27, 2022
Five US Senators have penned a letter to the White House Office of Science and Technology Policy (OSTP), asking for greater restrictions on Bitcoin and cryptocurrency mining. The letter, addressed to the White House OSTP, was signed by Sheldon Whitehouse, Elizabeth Warren, Tina Smith, Jeff Merkley, and Ed Markey. Within
News • Bitcoin • Jun 24, 2022
The University of Cincinnati in Ohio is working on creating two separate courses for students interested in Bitcoin, cryptocurrency, and emerging financial technologies. The university revealed that these courses are being funded by Dan Kautz and Woody Uible, two long-time proponents of Bitcoin and cryptocurrency. Additionally, the funds will also
News • Bitcoin • Jun 24, 2022