Spanish banking giant Santander follows Barclays to ban payments from UK customers to Binance cryptocurrency exchange. (Read More)
Jack Dorsey confirms Square is building an ‘assisted custody’ BTC hardware wallet
Jack Dorsey and hardware lead Jesse Dorogusker have both confirmed Square’s plans to develop a Bitcoin hardware wallet. Digital payments firm Square is building a Bitcoin hardware wallet, with CEO Jack Dorsey and hardware lead Jesse Dorogusker both confirming the plan on Twitter. The tech entrepreneur and Bitcoin proponent, first teased the idea for a […]
Hydro plant from 1897 earns 3X as much mining BTC as selling power to the grid
An historic renewable energy facility in New York has tripled its profits by mining Bitcoin. New York’s Mechanicville hydroelectric plant — one of the oldest hydropower generation facilities in the United States — is now host to Bitcoin mining. The plant is owned by Albany Engineering Corp (AEC), which was asked to restore it by […]
Yield App Launches DeFi Bitcoin Fund, Gives Users up to 12% APY
PRESS RELEASE. ESTONIA — JULY 8, 2021 — YIELD App, the decentralized finance (DeFi) wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Bitcoin Fund, allowing users to earn high-interest returns on the world’s biggest cryptocurrency, Bitcoin (BTC). This will consist of a base annual percentage yield (APY) […]
11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey
A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers See Benefits in Investing in Cryptocurrencies Like Bitcoin The 27th Annual Reserve Management Seminar Survey by UBS explores the […]
More than 75% Salvadoran Distrust in Bitcoin as Fiat Money, Poll suggests
A poll shows that more than three-quarters of Salvadorans are sceptical towards the implementation of Bitcoin across the country, according to Reuters, citing a survey released Thursday. (Read More)
Ethereum’s London upgrade deployed to final testnet ahead of August 4 fork
The long-awaited EIP-1559 upgrade is just 26 days away now. The long-awaited London upgrade for the Ethereum network is edging closer as the code was deployed to the final testnet this week. Ethereum’s London hard fork, which will usher in the EIP-1559 upgrade, has now been scheduled for August 4 following the launch on the […]
EU eyes new money laundering regulator and stricter crypto reporting requirements
The new Anti-Money Laundering Authority would comprise the “centerpiece” of a new supervisory system that would include national regulators. The European Union is looking to launch a new agency designated with cracking down on money laundering at the regional level, with increased reporting requirements around crypto transactions listed among its principal objectives. A July 8 […]
Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants
Visa Inc. announced Wednesday that the transactions via crypto-linked Visa cards exceeded $1 billion in the first quarter. The company further said that it is partnering with 50 major cryptocurrency platforms “to launch card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide.” Visa Announces $1 Billion in […]
Taleb’s Fragile Bitcoin Logic
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