Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $1 Read More
The largest corporate bitcoin holder is on the red. Bitcoin dipped to $30,330 on Monday. MicroStrategy paid an average of $30,700 for each bitcoin it holds. The largest corporate holder of bitcoin, MicroStrategy, was at a loss as bitcoin dipped Read More
An apartment in Braga, Portugal was sold for 3 BTC on Thursday in the first-ever real estate sale directly and entirely made in bitcoin, local news outlet Idealista reported. The feat was possible thanks to new rules that became effective Read More
Bitcoin is now in-between the prior halving and the next, blockchain data showed Thursday morning. The phenomenon happened exactly on block number 735,000 on the Bitcoin blockchain, which was mined at around 6:30 a.m. ET on May 5, 2022. It Read More
Bitcoin startup Hoseki has announced a pre-launch partnership with financial services firm Ledn to provide lending and proof-of-assets services for retail investors, similar to industry-grade proof-of-reserves leveraged by custodians, the company said in a Monday statement sent to Bitcoin Magazine. Read More
Synonym Software has launched Blocktank, a new Lightning service provider (LSP) targeted at Lightning Network-based businesses interested in providing a better experience for their customers. The suite of open-source tools and services offered by Blocktank promises to help wallets, applications, Read More
Goldman Sachs has offered its first bitcoin-backed loan. The arrangement, made popular over the past few years in the Bitcoin industry by newer companies, enables a bitcoin holder to obtain fiat money like U.S. dollars by putting up their BTC Read More
Dubai, United Arab Emirates-based luxury real estate developer DAMAC Properties will soon begin accepting Bitcoin payments for the sale of property in the region, the company said in a Wednesday statement. “DAMAC Properties has always been at the forefront of Read More
Cryptocurrency-focused company 21Shares has teamed up with leading exchange-traded fund (ETF) provider ETF Securities to launch Australia’s first spot bitcoin ETF, the firm said in a statement Tuesday. The 21Shares Bitcoin ETF (EBTC) is set to go live on the Read More
Australia’s first bitcoin ETF on the ASX is reportedly set to list next week. Cosmos Asset Management’s product would invest in Canada’s Purpose Bitcoin ETF, North America’s first bitcoin spot ETF that went live last year. The approval is set Read More
U.S. inflation hits new 40-year record at 8.5%. Bitcoin traded green above $40,500 as the index reading came above market expectations. Gasoline prices increased by 18.3%, while energy rose 32% over the last year. Bitcoin has been holding on above Read More
Intel has announced details for its upcoming bitcoin mining chip, the Intel Blockscale ASIC, which will ship in Q3 2022. Intel’s chip, focused on energy efficiency and sustainability, will operate with up to 26 J/TH of power efficiency. The chipmaker Read More
The 19 millionth bitcoin has just been mined, data from Bitbo shows, leaving less than two million BTC remaining for miners to put in circulation as the Bitcoin network tick-tocks its way through a fixed issuance schedule until it reaches Read More
Kraken has integrated Bitcoin’s Lightning Network. Customers can now deposit and withdraw up to 0.1 BTC with instant and cheap Lightning payments. Kraken is running an LND Lightning node. Cryptocurrency exchange Kraken now supports Bitcoin’s Lightning Network for inexpensive and Read More
Several climate activist groups including Greenpeace and billionaire Ripple co-founder Chris Larsen are launching a campaign to advocate for Bitcoin moving away from Proof-of-Work, a consensus mechanism they argue consumes an unsustainable amount of energy, Bloomberg reported Tuesday. The “Change Read More
Bitcoin company Synonym sent the first USDT stablecoin transaction on the Lightning Network earlier this week to demonstrate how Bitcoin and Lightning could be leveraged for cheap and quick issuance and transfer of tokens and credit. While Bitcoin provides a Read More
Russia is open to accepting bitcoin for its natural resources exports, the chairman of the country’s Congressional energy committee, Pavel Zavalny, said in a press conference on Thursday. Zavalny explained that Russia is open to accepting different currencies for its Read More
Customer relationship management (CRM) service HubSpot last week suffered a security breach that leaked the personal information of thousands of Bitcoin users after a bad actor obtained access to an employee account and exported data from up to 30 HubSpot Read More
SoftBank-backed broker Avenue Securities debuted native, no-fees bitcoin trading services on Wednesday through an integration with B2B platform Apex Crypto to meet a growing demand for BTC and cryptocurrency among its over 500,000 Brazilian clients. “Trading cryptocurrencies is now officially Read More
Privacy-focused Bitcoin wallet Wasabi Wallet announced on Sunday it would start preventing certain unspent transaction outputs (UTXOs) from joining its CoinJoin rounds, sparking surprise and rebellion on Twitter as users wondered why the project would make a decision supposedly contrarian Read More
