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“# Bitcoin mining operator Northern Data reportedly considering $500M IPO ” Major European Bitcoin (BTC) mining company Northern Data is reportedly considering going public in the United States. Germany-based Northern Data is planning to raise up to $500 million in the initial public offering, or IPO, Bloomberg reported on Feb. 22. The company is working with…
“# Kraken users demand refunds over flash-crash liquidations ” Kraken users are demanding compensation after violent flash crashes localized to the exchange resulted in leveraged trades being liquidated amid the sharp retracements recorded across the crypto markets on Feb. 22. Feb. 22 saw the single largest daily candle in the history of both Bitcoin and…
“#New York City needs leaders to save it from economic disaster” COVID and the lockdowns have kneecapped the city economy. Gotham’s leaders need to move fast, and boldly, to reverse the damage, or risk a downward spiral. As The Post’s special report this week lays out, nearly half the city’s small businesses remain closed; revenue…
“# MoneyGram suspends Ripple partnership, citing SEC lawsuit ” Global money transfer service MoneyGram says it has officially suspended its partnership with blockchain payments firm Ripple amid the latter’s litigation with the SEC. According to MoneyGram’s quarterly outlook, the company is “not planning for any benefit from Ripple market development fees” for Q1 2021. MoneyGram said…
“# Long Blockchain Corp has officially been delisted by SEC ” Shares of Long Bitcoin Corp (LBCC), a beverage turned cryptocurrency mining company, have been officially delisted by the United States Securities and Exchange Commission, or SEC. The company was ordered to delist its stock after failing for years to produce any financial reports. Long…
“# Can’t beat ‘em? Join ‘em: Mastercard and Visa make a case for Bitcoin ” On Feb. 10, Mastercard announced that it would start supporting a select few cryptocurrencies on its payment network. According to the payments giant, the inclusion of cryptocurrencies will allow customers to “save, store and send money in new ways” while…
“# Soccer fan tokens on the march as Poland’s biggest club adopts crypto ” The spread of blockchain-based soccer fan tokens across Europe continued on Feb. 22, as Poland’s most successful soccer club partnered with sports fintech firm, Chiliz. Legia Warsaw, which holds the record for the most number of Polish league championship wins, will…
“# Ant-backed MYbank to help China expand digital yuan trial ” China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb. 22 Bloomberg report, MYbank and WeBank will help the People’s Bank of China extend its user exposure in…
“# Swiss crypto ETP issuer passes $1B assets under management ” 21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks. The company announced Monday that 21Shares has passed the $1 billion mark in AUM across its diversified 12 crypto asset…
“# Tesla made $1B profit on its Bitcoin buy, says analyst ” American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to $1 billion in profit, according to a new report. An analyst at Wedbush Securities, a private investment firm in the United States, has…