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“# Voyager Digital acquires crypto payments company Coinify ” Crypto-asset trading firm Voyager Digital has arranged to purchase payments company Coinify in a deal worth $85 million in cash and stock. In a Monday announcement, Voyager said it would issue 5.1 million shares of its stock — worth roughly $70 million at the time of publication…
“# Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power ” Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of…
“# Brand executive posts discounted Utah home listing for Dogecoin ” Crypto as a payment option for real estate continues to gain traction as the adoption of digital currencies for commercial transactions continues to take shape. Scott Paul, founder of Utah-based marketing agency Wooly, put up his Saratoga Springs home for sale, with Dogecoin (DOGE)…
“# Square to acquire Australian fintech Afterpay in $29B deal ” Jack Dorsey’s cryptocurrency-friendly digital payments firm Square is expanding competition with global payment giants like PayPal by acquiring a major Australian lending company. Square announced Sunday that the firm has entered into a scheme implementation deed to acquire all of the issued shares in…
“# Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn ” Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture…
“# Cash App’s quarterly Bitcoin revenue triples despite BTC impairment loss for Square ” Jack Dorsey’s Square has reported a 200% increase in Bitcoin revenue for the second quarter year-on-year (YoY). The company announced the impressive earnings figures in its second-quarter shareholder letter on August 1. In the report, Square revealed its total gross profit…
“# DHedge scales up on Polygon, integrates with SushiSwap ” Decentralized asset management protocol, dHEDGE, has launched its V2 deployment on Polygon. The new platform also boasts an integration with popular decentralized exchange, SushiSwap. Speaking exclusively to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Access Transactions (GOAT) framework — which enables v2 users…
“# PayPal reportedly assembling crypto team in Ireland as Bitcoin adoption grows ” Global payments provider PayPal is in the process of recruiting for several cryptocurrency-related positions at its Ireland offices, further highlighting the company’s ambitions in the rapidly growing digital asset market. The Dublin-based Irish Independent, one of the country’s most popular news outlets,…
“# BlockFi faces regulatory heat, a sign of possible crypto lending regulations? ” BlockFi’s eventful 2021 has continued in the second half of the year as state regulators in the United States began to crack down on the company’s crypto interest-bearing accounts. The move likely marks another operational headache for the non-bank lender in a…
“# GoldenTree Asset Management is reportedly investing in Bitcoin ” New York-based asset management firm GoldenTree has reportedly added Bitcoin to its balance sheet, though the amount of this supposed investment remains unknown. According to a Friday report from financial news outlet The Street, the firm with roughly $45 billion in assets under management has…