Enhancing Creditworthiness with Bitcoin in a Debt-Intensive Economy Since US President Richard Nixon announced in 1971 that the US dollar would no longer be convertible into gold at a fixed rate, central banks around the world have started operating a…
Category: Crypto Flash News
Tim Draper Invests in Ark Labs to Make Bitcoin Payments Easier
Bitcoin scaling proposal Ark is getting closer to reality. After a year of research focused on refining the reference implementation, Ark Labs announced today the completion of a $2.5 million pre-seed funding round led by Tim Draper and his firm,…
Gryphon Digital Mining Acquires Low-Cost Bitcoin Mining Operations at $0.01/kWh
Gryphon Digital Mining, Inc. (NASDAQ: GRYP) has taken a big step in lowering its power costs by acquiring Bitcoin mining operations in Louisiana that leverage ultra low-cost electricity at approximately $0.01 per kilowatt hour (kWh). Gryphon Acquires Ultra Low-Cost Power…
Bitcoin Lightning Startup TMRW Raises $1.3 Million Funding
Miami-based Bitcoin startup TMRW has raised $1.3 million in pre-seed Funding to develop its social payments app powered by the Bitcoin Lightning Network. Maple VC led the funding round, and Bitcoin angel investors like Brad Mills joined the round. TMRW…
Theya Introduces Direct-To-Wallet Bitcoin Purchases
Multisig bitcoin vault maker Theya announced yesterday it will enable US users to purchase bitcoin through their app and have it sent directly to self-custody via hardware wallets like Ledger, Trezor, Foundation and ColdCard or through its multisig vaults. 🚀…
Settled, But Not Really: The Privacy Gap in Bitcoin’s ‘Final’ Transactions
Bitcoin technology is impressive for just how many fundamental problems with money it solves. One advantage of bitcoin that is often touted is that it provides for final settlement of transactions. Final settlement means that, once a transaction is mined…
River: A Bitcoin Brokerage Built From The Ground Up
Company Name: River Founders: Alexander Leishman Date Founded: February 2019 Location of Headquarters: Columbus, OH Amount of Bitcoin Held in Treasury: Proof of reserves launching soon Number of Employees: 50 Website: https://river.com/ Public or Private? Private How do you make…
Metaplanet Buys Additional ¥500 Million Worth of Bitcoin
Metaplanet, a publicly traded Japanese company, has purchased another ¥500 million ($3.7 million) worth of bitcoin. This latest buy comes after the firm secured a ¥1 billion loan last week to acquire Bitcoin. JUST IN: 🇯🇵 Japanese public company Metaplanet…
Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum
Ledn, a leading digital lending platform, has officially secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with ~$4.5 billion in client assets, according to a press release sent to Bitcoin Magazine. Ledn and…
Breaking Down Dirty Coin: The Documentary That Shatters Bitcoin Mining Myths
Bitcoin mining has long been embroiled in controversy. From Greenpeace’s high-profile “Change the Code, Not the Climate” campaign to Alex DeVries’ exaggerated claims about Bitcoin’s growing “water footprint,” the media often portrays Bitcoin mining as an environmental disaster in the…