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 aims to leverage the Lightning Network’s speed and low costs to enable cross-border peer-to-peer payments via Lightspark and ZeroHash. The app uses…
The notorious Mt. Gox exchange has made its first major Bitcoin transaction in weeks, shifting over $700 million worth of BTC to unknown wallets. According to data tracked by Arkham Intelligence, Mt. Gox moved 12,000 BTC worth $709 million to one address and 1,265 BTC worth $75 million to another early Wednesday. The recipient addresses are unknown, sparking…
Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked to electricity theft. The suspects, aged between 30 and 74, included three local men…
Economist and gold advocate Peter Schiff continued to express his opinion on gold, gold mining stocks, and the actions of the Federal Reserve on social media platform X this week as the price of gold surged. “Gold stock investors still don’t get it. Gold doesn’t have to keep going up for gold stocks to go up,”…
Alexander Leishman — founder, CEO and CTO of River — believes in designing every facet of River so as to prioritize the security of customer funds and to create a more dynamic financial platform… » …Read More
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 making. For the general public, who are genuinely concerned about environmental preservation but lack in-depth knowledge of Bitcoin mining,…
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. The $50 million loan, syndicated among Sygnum’s institutional clients, will fuel Ledn’s expansion in retail lending, offering…
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. Metaplanet bought 57.273 bitcoins at an average price of ¥8.73 million per bitcoin. This brings its total Bitcoin holdings to 360.368 bitcoins acquired…
QCP Capital‘s analysis highlights the options market’s pricing of a 1% move on the S&P 500 following Jerome Powell’s address, revealing a hint of unease beneath the surface of the otherwise strong equity performance. Additionally, the firm notes that bitcoin’s perpetual funding rates plummeted to -13% over the weekend—the lowest point since 2022—emphasizing the sharp contrast…
The Democratic Party’s official 2024 platform was released today on day one of the Democratic National Convention (DNC), without any mention of Bitcoin or cryptocurrency. This decision aligns with the past four years of the Biden-Harris administration’s hostility towards the industry. Despite the growing significance of Bitcoin and digital assets, neither Kamala Harris or Tim Walz, who…