Elon Musk to attend “The ₿ Word” conference
Tesla and SpaceX CEO Elon Musk has agreed to take part in The ₿ Word, an online conference about Bitcoin hosted by Twitter creator Jack Dorsey. Although the discussion on the invitation was filled with humor, Musk will probably speak at the significant event. Jack Dorsey, CEO of Twitter and e-payment solutions company Square Inc., […]
Soros fund enters crypto trading with Bitcoin
Private American investment management firm, Soros Fund Management has reportedly entered the cryptocurrency trading ecosystem. According to a report by The Street, sources close to the matter told author, Michael Bodley, that Soros Fund Management’s Chief Investment Officer, Dawn Fitzpatrick permitted the trading of Bitcoin (BTC), in a move designed to boost the firm’s embrace of digital […]
650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers.
Instead of having to deal with the burdensome regulatory requirements related to actually holding the cryptocurrency for their customers, the financial institutions that opt to make the service available will rely on Nydig’s custody services. Among these banks are North Carolina-based First Citizens Bank, and credit unions, including Bay Federal Credit Union in California, will […]
Banco Azteca to start accepting bitcoins says CEO Ricardo Salinas
Mexican billionaire Ricardo Salinas Pliego CEO of Banco Azteca endorsed the use of Bitcoin and said his bank is on the way to accepting the cryptocurrency. Mexico’s central bank issued a statement Monday saying cryptocurrencies like bitcoin are not legal tender and are prohibited from being used in the country’s financial system. Salinas, who is […]
Why Texas might become the next Crypto mining capital of the world
China continues to push operators out of the country, as the first big mining operations make their move to the USA, most of which seem to have Texas as final destination. Compared to many U.S. states, Texas energy rates are inexpensive, although there are a few states that are slightly cheaper. This is still a strong […]
1,500 cryptocurrency ATMs coming to El Salvador as it adopts bitcoin as legal tender
Gradually there will be some 1,500 ATMs installed in El Salvador. Athena Bitcoin will hire staff and open an office to carry out operations in El Salvador, which in June became the first country to adopt bitcoin as legal tender. The move takes effect in September. El Salvador’s President Nayib Bukele said: “presented us with […]
Beijing has started to crack down on mining due to its heavy reliance on cheap power
China continues to push operators out of the country, as the first big mining operations make their move to the USA. Beijing has always taken a hard stance against cryptocurrencies, regarding them as volatile and potentially destabilising, but had tolerated bitcoin mining until recently. It has started to crack down on mining due to its […]
Buy real estate in Miami with Cryptocurrency – This $22.5 Million new residential development to welcome Cryptocurrency as payment
On May 27th, a 5,067 square foot four-bedroom in Miami Beach was sold on the 9th floor lower penthouse in a unique condo building, according to an article by Forbes. The condominium was bought in all cash, entirely in cryptocurrency. However, the deal remains virtually anonymous as the buyer and cryptocurrency used remain private, due to […]
Paraguay considers adopting Bitcoin as legal currency
After the announcement of El Salvador accepting Bitcoin as legal currency, now Paraguay, worlds 95th largest economy is considering to consider regulations that will be favourable towards the crypto business this week. Carlos Rejala, a Paraguayan Congressman is set to present a bill that will set favourable regulations for crypto mining and crypto exchange businesses that want […]
Spain second largest bank launches bitcoin service for trading and custody of digital assets
Spain’s second largest bank BBVA with over 80 million customers will offer its clients a service of trading and custody of digital assets, with all the guarantees of any other banking service, with a transparent system that is very simple to operate. Alicia Pertusa, Head of Client Solutions Strategy at BBVA commented: Digital assets have […]
