Business

Deconstructing Elon Musk’s Announcement About Tesla and Bitcoin

On Wednesday (May 12), just three weeks after agreeing with Jack Dorsey that “Bitcoin incentivizes renewable energy”, Elon Musk shook the crypto market by announcing that Tesla is no longer accepting BTC as a payment method. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 […]

eBay Considering Accepting Crypto for Payments

Jamie Iannone, the President and CEO of eBay, says that the American multinational e-commerce company is considering accepting crypto for payments on its platform. During an interview with CNBC’s Squawk on the Street”, he was asked about eBay’s approach to cryptocurrencies. Iannone replied: “One of the great things about our managed payments is we’re expanding […]

Another Nasdaq-Listed Technology Company Buys Bitcoin for Its Treasury

On Wednesday (May 5), MercadoLibre, Inc. (NASDAQ: MELI), the Argentinian company that operates marketplaces throughout Latin America, mentioned Bitcoin as part of its Q1 2021 earnings report. The Latin American e-commerce giant, which is headquartered in Buenos Aires, Argentina, said in the Form 8-K that it filed with the U.S. Securities and Exchange Commission (SEC) […]

Elon Musk Confirms He Is a Bitcoiner and Explains Why Tesla Sold 10% of Its Bitcoin

After Tesla reported its Q1 2021 Financial Results yesterday (April 26), many in the crypto community were shocked to hear Tesla had sold 10% of its recently acquired Bitcoin. Later, the Tesla CFO and the Tesla CEO made some clarifying remarks. On February 8, the world discovered from Tesla’s latest annual report (Form 10-K), which […]

Cardano ($ADA) Payments Now Available to Merchants Using Shopify or WooComerce

Crypto payment processor NOWPayments recently announced that it has integrated support for Cardano, which means that their plugins for various e-commerce solutions, such as Shopify and WooCommerce, now support $ADA payments. Here is how Jeremy Firster, a Project Manager at Cardano Foundation, announced the news on Twitter on April 21: In this tweet, Firster referred […]

4000 Bitcoins: That’s How Much You Need to Buy London’s Most Expensive Apartment

Billionaire luxury real estate developer Nick Candy is reportedly ready to sell his London penthouse apartment for £175 million (roughly $240 million); and interestingly he is willing to consider offers in Bitcoin and Ethereum. According to the report by The Telegraph, the duplex penthouse is part of luxury residential and retail complex Hyde Park One, […]

VeChain’s Big Name Partnerships Propel $VET To New All-Time High

Enterprise-level partnerships and an emphasis on real-world deals have propelled the price of VeChain’s $VET token to a new all-time high.  According to a report by Cointelegraph, VeChain has become validated in the eyes of large-cap investors due to a series of enterprise-level partnerships. VeChain is a blockchain project that seeks to integrate decentralized governance […]

Billionaire Rick Caruso’s Real Estate Firm Plans to Accept Bitcoin For Rent Payments

On Wednesday (April 7), American billionaire businessman Rick Caruso, founder and CEO of real estate and hospitality company Caruso, said during an interview that his company will soon accept Bitcoin for rent payments from residential and commercial tenants. His firm is “a privately owned, industry-renowned company that blends best-in-class real estate with five-star hospitality to create a […]

Vogue Business: Fashion Brands Getting Ready to Take Advantage of Current NFT Mania

According to a report by Anna Tong for Vogue Business, which was published earlier today, fashion brands have been “studying the wild, wacky world of blockchain and all its creative and business possibilities” and are now “poised to jump in.” Vogue Business says multiple industry sources are confirming that several luxury fashion houses preparing to release […]

PayPal News Helps Bitcoin Go Above $59K for First Time Since March 20

On Tuesday (March 30), the Bitcoin price went above the $59,000 level for the first time in 10 days. According to a report by Reuters, later today, payments firm PayPal Holdings, Inc. will announce that it is “allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.” PayPal President and CEO […]

Square CFO: “There’s Absolutely a Case for Every Balance Sheet To Have Bitcoin on It”

Recently, Amrita Ahuja, CFO at payments solution provider Square Inc. (NYSE: SQ), chief financial officer, talked about her company’s plans for Bitcoin. During an interview with Fortune, which was published on Monday (March 29), Ahuja, who joined Square in January 2019 from Blizzard Entertainment, she said: “There’s absolutely a case for every balance sheet to have Bitcoin […]

Duke University’s Endowment Fund Is Set to Make a Huge Profit From Its Investment in Coinbase

The endowment fund of Duke University made an early investment in popular cryptocurrency exchange Coinbase which has “probably increased 100x,” according to a report by CoinDesk citing two sources familiar with the matter. According to the report, the $3.9 billion Duke Endowment was included in Coinbase’s early fundraising rounds because one of the firm’s co-founders, […]

American Pro Baseball Team Oakland Athletics on Bitcoin: ‘We Are Going To Hold It’

On Friday (March 26), Dave Kaval, president of American pro baseball team Oakland A’s talked about Bitcoin and blockchain technology during an interview with Emily Chang on “Bloomberg Technology” (a daily show on Bloomberg TV). On March 14, the A’s issued a press release, which stated that from March 14 through April 1 (Opening Day), […]

Elon Musk: ‘You Can Now Buy a Tesla With Bitcoin’

On Wednesday (March 24), Tesla Co-Founder and CEO Elon Musk, currently the world’s second richest person, announced that the U.S. electric car maker is now accepting payments in Bitcoin. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 billion in Bitcoin: The relevant section of […]

World’s Largest Custodian Bank Invests in Crypto Custody Startup Fireblocks

The oldest bank of the United States, Bank of New York Mellon (NYSE: BK), has invested in crypto custody startup Fireblocks as part of a $133 million funding round that saw participation from hedge fund Coatue Management, growth equity firm Stripes, and others. According to Forbes, the completion of the rounds brings the total amount […]

PayPal Acquired Crypto Custody Firm Curv for Less Than $200 Million

Fintech giant PayPal has revealed it has agreed to acquired Israel-based cryptocurrency custody firm Curv for less than $200 million. The deal is expected to close in the first half of this year. According to an announcement shared by PayPal, the payments giant plans to use the purchase to “accelerate and expand its initiatives to […]

Mark Cuban: ‘We Will Take Dogecoin, Today, Tomorrow and Possibly Forever More’

On Thursday (March 4), crypto payment processor BitPay announced that it is now allowing merchants to accept the internet’s favorite meme cryptocurrency Dogecoin (DOGE) for payments, and that “the Dallas Mavericks will be the first to accept Dogecoin.” According to BitPay’s press release, “Mavs Fans for Life (MFFLs) can now use Dogecoin to buy tickets […]

Bitfinex Pay Allows Online Businesses to Get Paid in Bitcoin, Ethereum, Tether, …

On Wednesday (March 3), crypto exchange Bitfinex announced the launch of Bitfinex Pay, a new simple, fast, and low-cost way for businesses (that have a website) to accept payments in crypto. According to a report by CityAM, the Bitfinex Pay widget “can be integrated on to a website facilitating online payments,” and it enables users of the […]

Square CFO: 1 Million Cash App Users Purchased BTC for the First Time

Square, Inc.’s CFO Amrita Ahuja says the company’s CashApp product recorded more than one million users purchasing bitcoin for the first time in January.

Square Buys Another $170 Million of Bitcoin, CFO Says $BTC Could Become ‘Native Currency of the Internet’

On Tuesday (February 23), FinTech firm Square (NYSE: SQ) disclosed that it had invested another $170 million in Bitcoin. Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, and Tristan O’Tierney. Yesterday, Square announced fourth […]

Apple Should Consider Entering Cryptocurrency Space, Says RBC Analyst

RBC Capital Markets analyst Mitch Steves told CNBC that Apple should consider creating its own crypto exchange, which could provide billions in return equity.

BitPay Adds Apple Pay Support for Its Crypto Debit Card

On Friday (February 12), crypto payment processor BitPay announced that U.S. holders of the BitPay Prepaid Mastercard can “add their card to Apple WalletTM and spend with Apple Pay®.” This means that BitPay cardholders will be able to “make secure purchases in stores, in apps, and online” via Apple Pay. The company says that “support for […]

Uber Considering Accepting Bitcoin As a Form of Payment

Uber CEO Dara Khosrowshahi says the ridesharing giant is looking into accepting bitcoin as a form of payment, while dismissing the notion of investing cash into BTC.

Kraken CEO Jesse Powell: ‘DeFi Is Really Eating the World of Finance’

In a recent interview with Yahoo Finance, Kraken Co-Founder and CEO Jesse Powell talked about Bitcoin, Ethereum, decentralized finance (DeFi), tokenization of stocks, and Dogecoin (DOGE). Below are a few highlights of the comments the Kraken CEO made during his discussion with Yahoo Finance’s Akiko Fujita and Zack Guzman. Equity Markets Powell argues that the lack of transparency in […]

Rick and Morty-Themed Crypto Art Sells for $290,000 on NFT Marketplace

A piece of crypto artwork by Rick and Morty co-creator Justin Roilan sold for $150,000 in a silent auction held on non-fungible token platform Nifty Gateway.

Goldman Sachs to Enter Crypto Market via Custody Services: Report

Wall Street banking giant Goldman Sachs is reportedly planning to enter the crypto industry soon by offering custody services, according to an inside source.

YouTuber Ali Spagnola Accidentally Turned $50 in Bitcoin Into $39,000

YouTube artist and musician Ali Spagnola says she became “accidentally bitcoin rich” after forgetting about $50 BTC donation made in 2013.

Ripple Opens New Remittance Corridor Between Malaysia and Bangladesh

Blockchain payments enterprise Ripple has announced a new partnership with Mobile Money to provide a digital remittance corridor between Malaysia and Bangladesh.

JPMorgan Chase CEO on Blockchain Technology and the ‘Very Very Tough Competition’ Against FinTech Firms

On Friday (January 15), during the JPMorgan Chase Q4 2020 Earnings Call, CFO Jennifer Piepszak and Chairman and CEO Jamie Dimon talked about blockchain technology and the “very very tough competition” in the next 10 years against FinTech firms. During the Questions & Answers segment of the conference call, Charles Peabody, President of Portales Partners, […]

NFL Lineman Russell Okung Isn’t Getting Paid in Bitcoin

NFL offensive lineman Russell Okung has become the first professional football player to be paid in bitcoin after using Zap’s Strike product to convert 50 percent of his paycheck into BTC.

MicroStrategy’s Stock Price Is up Nearly 200% Since It Bought Bitcoin

The stock price of business intelligence firm MicroStrategy (NASDAQ: MSTR) is up nearly 200% since the firm first started investing in bitcoin in August of this year. Part of the stock’s price rise has been attributed to its BTC investment. Back in August, MicroStrategy made a massive $250 million bet on bitcoin as part of […]

BlackRock Plans to Meet Growing Crypto Demand, Job Offer Shows

BlackRock, a financial giant with over $7 trillion in assets under management, has posted a job offer for a position of VP Blockchain Lead, to drive demand for the firm’s cryptocurrency offerings. The investment professional will, according to the job posting, create and implement BlackRock’s strategies to meet the growing demand for cryptoassets among investors. […]

Interesting That MoneyGram Says It Does Not ‘Utilize the ODL Platform or RippleNet’

On Wednesday (December 23), one of Ripple’s strategic partners, MoneyGram International, Inc. (NASDAQ: MGI), issued a rather interesting public statement on the recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs Inc. Californian FinTech company Ripple announced on 17 June 2019 that it entered into a strategic partnership with MoneyGram, one of the […]

FTX Exchange Launches Coinbase Pre-IPO Futures Contracts

Popular cryptocurrency exchange FTX has listed Coinbase futures contracts under the ticker CBSE ahead of the company’s highly-anticipated initial public offering (IPO), days after it was revealed Coinbase filed a Form S-1 with the U.S. Securities and Exchange Commission. FTX is a cryptocurrency exchange that specializes in derivatives trading. The CBSE futures contracts are designed […]

Peter Schiff Denies Companies Selling Gold for Bitcoin

Gold bug and bitcoin opponent Peter Schiff denied reports of companies selling gold for BTC and called out MicroStrategy CEO Michael Saylor for driving up the price of bitcoin.

Fidelity CEO Says Firm’s Bitcoin Custody Business is ‘Incredibly Successful’

Fidelity Investments CEO Abby Johnson says the company’s bitcoin custody business has been “incredibly successful” and developed a pipeline for investors.

Visa Connecting Its Payment Network to Circle’s Ethereum-Powered USD Coin ($USDC)

According to a report by Forbes, the partnership between Visa and Circle Internet Financial (“Circle”), which developed dollar-backed stablecoin USDC Coin (USDC), means that from today Circle will help Visa card issuers to enable sending/receiving USDC payments. The Forbes report says that “businesses will eventually be able to send international USDC payments to any business […]

Investment Firm Cypherpunk Holdings Dumps Altcoins for Bitcoin

Canadian Stock Exchange-listed firm Cypherpunk Holdings sold its entire position in ethereum and monero in order to buy more bitcoin.

Visa CEO Alfred Kelly: ‘We Are Very Interested in Cryptocurrencies’

In an interview earlier this month, Alfred F. Kelly, Jr., Chairman and CEO of global payments technology company Visa, shared his thoughts on digital currencies. The Visa CEO’s comments came during an interview with Carl Quintanilla at the CNBC Evolve Summit. One of the most interesting questions asked by Quintanilla was what Visa is doing […]

PayPal CEO Dan Schulman Talks About the Value Proposition of Bitcoin

In a recent interview, PayPal President and CEO Daniel Schulman, talked about the value proposition of Bitcoin. As you may remember, on October 21, PayPal announced “the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency’s utility […]

U.S.-based Users Given 14 Days to Get Off Binance

Cryptocurrency exchange Binance has begun clamping down on US-based clients, giving them fourteen days to transfer their funds away from the platform.

Heavy Stock Correlation Could Crash Bitcoin’s Price by 25-35%: Report

Santiment data analyst Vlad Antonov says the growing correlation between bitcoin and the stock market is concerning for an eventual price crash.

Poker Players Are Cashing out in Bitcoin to Boost Earnings: Report

Poker players and online gamblers are cashing out in bitcoin in order to increase their earnings and potentially circumvent paying taxes.

$35 Billion Asset Management Giant Providing Bitcoin Product to Clients

Mariner Wealth Advisors, which holds $35 billion in assets under management, is allowing clients access to Eaglebrook’s Bitcoin SMA.

Novogratz’s Galaxy Digital Posts 17% Returns on Bitcoin Funds in Q3 2020

Mike Novogratz’s Galaxy Digital returned 17 percent on its collective Bitcoin Funds, for a total of 125 percent returns year-to-date.

Chainalysis Launches Program to Help Governments Store and Sell Seized Cryptoassets

Blockchain analysis firm Chainalysis is launching a new program to help governments recover, store, and sell cryptoassets seized their operations, less than two weeks after the U.S.  government seized over 69,000 BTC worth over $1 billion. According to announcement Chainalysis published, the program could help government agencies and insolvency practitioners “handle, store, realize, and monitor […]

Bank of England official Dismisses Protecting Banks Against Digital Currencies

Bank of England Deputy Governor Jon Cunliffe has dismissed the idea that the central bank has to protect commercial banks against the potential future impact of digital currencies. According to Reuters, Cunliffe claimed that the Bank of England’s job is “not to protect bank business models,” and added: Banks will have to adjust. Our job […]

Zeus Capital Offers $100,000 for Dirt on Chainlink in New Class Action Lawsuit

Asset management firm Zeus Capital has offered a $100k reward for dirt on ChainLink, alleging the project engaged in investor fraud and spread misleading information about its partnerships.

Bitcoin ATMs Surge 85% YTD Amidst Growing Adoption

Bitcoin ATM adoption has surged 85 percent in 2020 amidst a general rise in popularity for digital and contactless payments.

Bitcoin ATM Patent Holder Sues Operators Demanding Royalties

Bots, a publicly-traded over-the-counter markets tech firm, has announced its subsidiary First Bitcoin Capital will take legal action against Bitcoin ATM operators for alleged intellectual property infringement. In an announcement First Bitcoin Capital published, first reported on by Modern Consensus, the firm claimed it’s in discussion with “a major law firm” to act against Bitcoin […]

Wall Street Trading Firm Accumulates $75 Million Crypto Portfolio

Messari researcher Mason Nystrom says Jump Trading has created a crypto-asset portfolio worth more than $75 million, including being the eighth-largest holder of COMP.

Top Crypto Exchanges’ Trading Volumes Plunged in October: CryptoCompare Report

After setting a daily trading volume record this year in September, cryptocurrency trading platforms have seen spot trading volumes decline. In October, top trading platforms saw their volumes plunge. According to CryptoCompare’s October 2020 Exchange Review, Top-Tier cryptocurrency exchanges, defined by the firm’s Exchange Benchmark, saw larges decreases in monthly spot trading volumes in October, […]

Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?

This past summer, Nasdaq-listed business intelligence company MicroStrategy Inc. “purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million.” Could this be one of the greatest bets ever made by a publicly listed company? When and How Did MicroStrategy Get Into Bitcoin? On August 11, Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: […]

Will Banks Need to Turn to Bitcoin to Stay Relevant?

Two investment strategists are predicting banks will look to Bitcoin and other cryptoassets as an avenue for staying relevant in the digital age.  During an interview with journalist Laura Shin on episode 197 of the “Unchained” podcast, CoinShares chief strategy officer Meltem Demirors said that she’s receiving inquiries from bank executives in regards to the […]

PayPal CEO Explains How His Firm Will Increase Utility of Cryptocurrencies

On Monday (November 2), Dan Schulman, President and CEO of PayPal Holdings, Inc. (NASDAQ:PYPL), talked about his company’s recently-announced support for cryptocurrencies. As you may remember, on October 21, payments firm PayPal announced a major move into crypto. According to PayPal’s press release, “the migration toward digital payments and digital representations of value continues to accelerate, driven […]

MicroStrategy Talks About Bitcoin During Its Q3 2020 Earnings Conference Call

On Thursday (October 27), Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) reported its Q3 2020 financial results, and during the company’s earnings call, the company’s President and CEO both talked about Bitcoin. On August 11, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use […]

JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says

The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx. Speaking to CNBC, Takis Georgakopoulos revealed that the JPM Coin is already being used by large technology clients to send payments […]

Luxury Watchmaker Breitling Partnering to Offer Digital Certificates on Ethereum

Luxury watchmaker Breitling is partnering with blockchain solutions company Arianee to issue digital certificates for its timepieces.

CoinShares CSO Meltem Demirors on PayPal’s Move into the Crypto Space

On Wednesday (October 21), shortly after PayPal Holdings, Inc. announced its plans to support cryptocurrencies, Meltem Demirors, Chief Strategy Officer of digital asset investment firm CoinShares, talked about the implications of this move for the crypto space. Meltem’s comments came during an interview on CNBC’s “Fast Money” show. Meltem was first asked why she believes […]

PayPal’s Move Will Boost Crypto Adoption, Not Its Profits: Morgan Stanley Analysts

PayPal’s move to let users buy, sell, and hold cryptocurrencies on its platform, and to allow cryptocurrencies to be used to pay for goods and services with its 26 million merchants, is set to benefit mass cryptocurrency adoption more than it will the company’s profits. In a report, Morgan Stanley researchers claimed that the move […]

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