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Following the collapse of potential acquirer FTX, struggling cryptocurrency lender BlockFi has applied for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. The company disclosed in the filing that it had more than 100,000 creditors along with liabilities and assets ranging
The launch of El Salvador’s Bitcoin-backed “volcano” bonds was made possible by the submission of a bill authorizing the issuance of digital assets to the nation’s legislative assembly by Minister of the Economy Maria Luisa Hayem Brevé. The innovative project, which was first announced a year ago on
Fidelity, one of the world’s largest investment management service providers, has officially launched Bitcoin (BTC) trading for retail accounts. The service will allow retail investors to buy and sell BTC. Earlier this month, Fidelity announced a waiting list for digital asset trading accounts. At around the same time, it
News • Bitcoin • Nov 29, 2022Fidelity, one of the world’s largest investment management service providers, has officially launched Bitcoin (BTC) trading for retail accounts. The service will allow retail investors to buy and sell BTC. Earlier this month, Fidelity announced a waiting list for digital asset trading accounts. At around the same time, it
News • Bitcoin • Nov 29, 2022Following the collapse of potential acquirer FTX, struggling cryptocurrency lender BlockFi has applied for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. The company disclosed in the filing that it had more than 100,000 creditors along with liabilities and assets ranging
News • Business • Nov 28, 2022The launch of El Salvador’s Bitcoin-backed “volcano” bonds was made possible by the submission of a bill authorizing the issuance of digital assets to the nation’s legislative assembly by Minister of the Economy Maria Luisa Hayem Brevé. The innovative project, which was first announced a year ago on
News • Bitcoin • Nov 23, 2022ZEBEDEE’s app will be integrated into Bitrefill’s services, per release. This partnership enables users to spend the Bitcoin they earn from playing games on thousands of gift cards without ever leaving the app, creating a full circular economy within ZEBEDEE. Bitrefill is the largest global provider of gift
News • Bitcoin • Nov 22, 2022El Salvador’s president, Nayib Bukele, declared late last night that the nation would be buying one Bitcoin every day beginning today. https://twitter.com/nayibbukele/status/1593113857261965312 El Salvador currently has 2,381 BTC Bitcoin in its treasury, which is worth more than $39 million. When the market is
News • Bitcoin • Nov 17, 2022On November 16th, 2022 Tyler and Cameron Winklevoss’ cryptocurrency platform Gemini Trust Co. claimed that customer redemptions for its Earn program are being delayed after its partner, Genesis Global, halted withdrawals on its borrowing platform due to a liquidity shortage. According to a statement from Gemini Earn’s website page,
News • Business • Nov 16, 2022The U.S. Securities and Exchange Commission (SEC) has extended the deadline for a decision on listing ARK 21Shares’ spot Bitcoin (BTC) exchange-traded fund on the Chicago Board Options Exchange (Cboe BZX). The SEC’s recent announcement was initially submitted on May 13th, 2022 and has extended the window for
News • Bitcoin • Nov 15, 2022According to a tweet from the company, Sam Bankman- Fried’s FTX cryptocurrency exchange has filed for Chapter 11 bankruptcy in the U.S. Bankman-Fried has also resigned as CEO and will assist John J. Ray III with his new role for the exchange. The voluntary proceedings involve Alameda Research,
News • Business • Nov 11, 2022