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“# Redditors share their thoughts on buying Bitcoin at all-time highs ” Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying: “I don’t need this…
“# Multichain hacker returns 322 ETH, keeps hefty finders fee ” In a dramatic twist, one of this week’s Multichain hackers has returned 322 ETH ($974,000 at the time of writing) to the cross-chain router protocol and one of the affected users. However the hacker kept 62 ETH ($187,000) as a “bug bounty”, and a…
“# SEC rejects Skybridge’s application for spot Bitcoin ETF ” The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for First Trust SkyBridge’s spot Bitcoin exchange-traded fund after several deferments. In a Thursday filing, the SEC rejected a proposed rule change from the New York Stock Exchange, or NYSE, Arca…
“# Canadian Bitcoin platform Shakepay raises $35M in Series A funding ” It’s another shake-up for the finance industry as Montreal-based Bitcoin (BTC) startup Shakepay raised $35 million from investors. The fresh funding from the United States-based venture capital firm QED Investors values the company at $251 million. Founded in 2015, Shakepay allows Canadians to…
“# MicroStrategy CEO won’t sell $5B BTC stash despite crypto winter ” Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5-billion stash. Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull” and does not intend…
“# BlockFills raises $37 million to support global expansion ” BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its…
“# Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic ” More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic. According to a Tuesday report from Canadian news outlet Toronto…
“# Crypto IRA iTrustCapital raises $125M, pushes valuation over $1B ” Cryptocurrency individual retirement account and 401(k) provider iTrustCapital said it had raised $125 million in a growth equity investment, making its valuation reach $1.3 billion. In a Wednesday announcement, iTrustCapital said it had completed a $125 million Series A growth equity investment led by…
“# Bearish sentiment may soon abate according to Coinshares and Bitcoin metrics ” While key Bitcoin (BTC) metrics don’t paint a pretty picture, the bears could be running on fumes. Contrary to analysts warning that Bitcoin could dip to $38,000 “before an eventual breakout”, CoinShares and Arcane Research suggest that the tide could be turning. In…
“# Russian Orthodox Patriarch is not a Bitcoiner, church clarifies ” Patriarch Kirill of Moscow and all Rus’, the leader of the Russian Orthodox Church, has not urged his flock to invest in Bitcoin, despite videos claiming otherwise. A clip recently emerged claiming that Kirill had urged the faithful to invest in cryptocurrencies. While the video…