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“# BlockFi clients earn record interest payments in February ” Crypto lending firm BlockFi posted another record-breaking month in February, paying out over $35 million in interest to its clients. The interest payments were comprised of 450 in Bitcoin (BTC), 5,000 in Ethereum (ETH) and 6 million in stablecoins, CEO Zac Prince said. Another record…
“# Tether hit with 500 Bitcoin ransom demand — but says it won’t pay ” Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to a specified address. As revealed by the official Twitter account for Tether on Feb. 28,…
“# China’s Inner Mongolia to shut down crypto mining farms by April 2021 ” Authorities of the Chinese autonomous region of Inner Mongolia have proposed to close down all local cryptocurrency mining facilities to reduce energy consumption in the region. The Inner Mongolia National Development and Reform Commission, or NDRC, released an official proposal to…
“# Fantom brushes off network outage with another 30% price surge ” The decentralized smart contract platform Fantom (FTM) continued its resurgent rally to the tune of 32% on Monday, despite a temporary network outage that saw the blockchain stop producing blocks for seven hours. Fantom emerged among the top 100 in the market cap…
“# Rakuten’s customers can now use Bitcoin for shopping ” Crypto-friendly Japanese retailer Rakuten is now enabling users of Rakuten Wallet, its crypto exchange subsidiary, to easily spend their cryptocurrency holdings in everyday transactions. According to an announcement published on Feb. 24, users are now able to load up their Rakuten Pay accounts seamlessly with their…
“# Bitcoin is at a ‘tipping point’ in international trade, Citi says ” The world’s largest cryptocurrency, Bitcoin (BTC), is at a defining moment in history, according to analysis from American investment bank Citigroup. Bitcoin is now at a “tipping point” to either become the preferred currency for international trade or face a “speculative implosion,”…
“# Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust ” Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the…
“# Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA ” Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and…
“# Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin ” Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets. The section provides key pricing information for various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC)…
“# OLB Group enables crypto payments for thousands of US merchants ” OLB Group (OLB), a New York-based e-commerce merchant service provider, is making it easier for businesses to accept cryptocurrency payments. OLB’s more than 8,500 merchants are now able to accept Bitcoin (BTC), Ethereum (ETH), USDC and DAI at the point-of-sale through the company’s…