Tags : Plans

Bitcoin

Bitcoin (BTC) miners in China plot plans to ‘go green’

Some of China’s storied Bitcoin miners are planning to use more renewable energy sources to power their expansive mining rigs, local outlet CGTN said today. Chinese officials said last month they would crackdown on mining farms for their high power usage and large environmental impact. One of the culprits was illegal coal extraction in some […]Read More

Bitcoin

Jack Dorsey’s Square has ‘no plans’ to purchase more Bitcoin

Digital payments company Square, led by Twitter CEO Jack Dorsey, decided to hit the brakes—at least for the time being—on Bitcoin (BTC) purchases after losing $20 million on its previous crypto investments, the firm’s CFO Amrita Ahuja told Financial News yesterday. “We don’t have any plans at this point to make further [Bitcoin] purchases. There […]Read More

Bitcoin

Mark Cuban reaffirms Bitcoin plans after Tesla snub sparks concerns

Billionaire ‘Shark Tank’ star Mark Cuban said today that Dallas Mavericks, the Cuban-owned NBA basketball team, will continue to accept Bitcoin regardless of the concerns around the asset’s alleged energy usage, as per a tweet this morning. Bitcoin saves the environment  Unlike what the popular consensus seems to be, Cuban said that using cryptocurrencies help […]Read More

Bitcoin

FBI plans to put warning signs on Bitcoin ATMs to

The Cuyahoga County (U.S. state of Ohio) Scam Squad and the Federal Bureau of Investigations (FBI) have issued a public warning as scammers began to actively use Bitcoin (BTC) ATMs to defraud people, TV channel News 5 Cleveland reported on Tuesday. “Now scammers are asking you to pay in Bitcoin,” said Sheryl Harris, director of […]Read More

Regulation

Could civil war in Ethiopia affect Cardano’s Africa plans?

Cardano’s strategy in Africa could face a setback following the intensification of civil war in Ethiopia. There’s even wide speculation that Charles Hoskinson’s cryptic messages about birds landing refer to closing an Ethiopian government contract. But, if “birds landing” refers to Ethiopia, is now an inopportune moment to rollout? The Tigray Conflict Armed conflict between […]Read More

Bitcoin

Bitcoin mining firm plans $2 billion NASDAQ listing via SPAC

A U.S.-based Bitcoin mining firm, named Cipher Mining Inc., will result from the merger between Bitfury subsidiary Cipher Mining Technologies Inc. and Good Works Acquisition Group, in a special purpose acquisition company (SPAC) deal. The combined company is valued at $2 billion. Plans are in place to list it on the NASDAQ under the ticker […]Read More

Bitcoin

Tesla invests $1.5 billion into Bitcoin, plans to accept BTC

Tesla, a tech company led by well-known crypto enthusiast Elon Musk, has bought $1.5 billion worth of Bitcoin and plans to add support for BTC as a form of payment in the near future, according to its filing with the US Securities and Exchange Commission (SEC) published today. “Thereafter, we invested an aggregate $1.50 billion […]Read More

Ethereum

Robinhood Secures $280M in Series F Funding, Plans to Expand

In brief: Robinhood has secured $280 Million Series F funding after an $8.3 Billion valuation.  The funding will drive a push to expand the platform globally.  Robinhood also plans on scaling the platform and offering more products to users.  The team at the popular trading platform of Robinhood has announced that the firm has secured […]Read More

Regulation

India Plans Bitcoin Ban Even as Its Banking System Gradually

The Indian government is planning to introduce a law that would effectively ban Bitcoin. Local media reports that the Ministry of Finance has moved the proposal for inter-ministerial consultation. India’s decision to ban cryptocurrencies surface even as it faces one of its worst credit and banking crisis. The Indian government may ban Bitcoin. According to […]Read More