Bitcoin 23 hours ago · 2 min read
BlockFi gets $250 million credit facility from FTX to support platform
BlockFi intends to use the proceeds of the $250 million credit facility to bolster its balance sheet and platform strength.
Price volatility strengthens public opinion against Bitcoin in El Salvador
Recent volatility has cast further doubt on the Bitcoin experiment, but El Salvador's risk exposure remain low.
Babel Finance suspends withdrawals due to “unusual liquidity pressures”
The crypto finance provider is pausing withdrawals and redemptions in response to harsh market conditions.
Bitcoin uses 56x less energy than classical system
Calculations show that Bitcoin currently spends 56 times less energy than traditional monetary system, while Bitcoin Lightning is 194 Million times more energy efficient.
BlockFi liquidates major counterparty after it fails to meet margin call
BlockFi CEO revealed that the company liquidated a major counterparty after it failed to meet a margin call on its overcollateralized loan.
Elon Musk advances support for integrated crypto payment system on Twitter
The CEO claims the move will allow for seamless transactions between users and make Twitter an everyday necessity.
Binance partners with Splyt to offer users ride-hailing services on its platform
The partnership will give users access to ride-hailing services and a chance to pay for the services in cryptocurrency.
Binance and TripleA partner for crypto payment option
Binance has scored a new partnership with Triple A as its new universal crypto payment gateway for its Binance Pay feature.
Bitcoin of America increases ATMs across the U.S. by more than 30%
Bitcoin of America has increased its ATM count to more than 2,500 and added two new coins to the network.
Tether has announced that it will launch USDT on the Tezos network
The popular stablecoin Tether has announced that they will be launching on the Tezos blockchain.
Report: 83% of US retailers think ‘digital currencies’ will become legal tender in 10 years
An overwhelming majority of Deloitte respondents believe that crypto payments would become prevalent in their industry within the next five years.
PayPal launches crypto payment, transfer functionality for US users
U.S. based PayPal users are now able to transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash and Litecoin from wallets and exchanges as many prominent companies turn towards crypto payments.
Checkout.com starts offering merchants 24/7 settlements via USDC
Checkout.com’s stablecoin settlement solution supports USDC and will let merchants complete payments on weekends and holidays, something that is currently impossible with fiat currencies.
Crypto cannot fulfil ‘social role of money’ due to fragmentation: BIS
The inherent limitations of blockchains cause fragmentation, making cryptocurrencies unsuitable as payment mechanisms, a BIS report said.
The fear and favoring of digital currencies
A Crypto.com survey of 3,000 people and 150 institutional investors showed that the road towards a cashless society will inevitably lead to digital currencies.
Australian mayor suggests crypto as tax payment option
Gold Coast Mayor Tom Tate has revealed that the city could be open to accepting its taxes with cryptocurrencies like Bitcoin despite the volatile nature of the industry.
The Bitcoin Lightning Network capacity has set an all-time high of 3,915 BTC
The Lightning Network reached a capacity of 3,915 BTC ($113 Million), a new all-time high for the Bitcoin Layer 2 network.