Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving

2020-8-14 20:16

Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.

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PayPal co-founder invests in renewable energy-focused bitcoin mining facility

PayPal co-founder Peter Thiel recently made an investment into renewable energy centered Bitcoin mining facility called Layer 1 based in San Fransico. The firm revealed that it has raised $50 million from Series A funding rounds which attracted investment from Peter Thiel, Shasta Ventures, venture capital company Digital Currency Group and many other undisclosed investors.

2019-10-20 10:40


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CME Bitcoin Futures Sees Institutional Interest and Demand from Asia

Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product.

2019-10-18 17:25


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Ford Extends Blockchain-Based Energy-Efficiency Pilot Project to Cologne, Germany

U. S. -based automobiles firm Ford announced that it would use distributed ledger technology (DLT) and geofencing to keep track of “green miles” driven by its newly-launched energy-efficient vehicles, October 15, 2019, Tracking “Green Miles” Via Blockchain In a press release issued on October 15, Ford stated that it is expanding its European plug-in hybrid electric vehicleRead MoreRead More.

2019-10-17 09:30


Wilshire Phoenix amends Bitcoin ETF proposal before the SEC

Investment management firm Wilshire Phoenix and the NYSE Arca exchange have filed an amendment to their Bitcoin ETF proposal, re-seeking approval from the SEC for the same. As per the amended proposal, Coinbase Custody will not only be tasked with maintaining ‘custody of the Trust’s Bitcoin assets in cold storage,’ but will also be confirming […] The post Wilshire Phoenix amends Bitcoin ETF proposal before the SEC appeared first on AMBCrypto.

2019-10-16 10:06


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Grayscale Investments First to list Crypto-Backed Digital Large Cap Fund

Grayscale Investments, a cryptoasset management firm with more than $2 billion in assets under management, has successfully secured approval from the Financial Industry Regulatory Authority (FINRA) for the public listing of its Digital Large Cap Fund (DLC) on over-the-counter (OTC) markets with ticker symbol: GDLCF, according to a press release on October 14, 2019.

2019-10-16 23:00


CoinShares, MKS, And Blockchain Roll Out DGLD Gold Token As A Bitcoin Sidechain

CoinShares, a major European digital asset investment firm is leading a group of companies in introducing a gold-backed token known as DGLD in the Bitcoin blockchain network, Cointelegraph reports. CoinShares has teamed up with Blockchain, a key crypto wallet services provider and MKS (Switzerland) SA which is part of MKS Pamp Group to launch the […]

2019-10-15 20:12


Over 12,000 Unique Bitcoin (BTC) Addresses Hold Over $1 Million USD in Value

A report by CoinMetrics, a cryptoanalysis firm, shows the number of million-dollar Bitcoin (BTC) wallets is increasing in tandem with the value of the coin. The number of wallets with at least $1 million USD (~120 BTC, at $8,400 as at time of writing) currently stands at only 12,000 addresses. As the cryptocurrency industry grows […]

2019-10-13 03:27


Bitcoin is Currently The Most Undervalued Asset: Crypto Management Firm’s Founder Travis Kling

“BTC is the most undervalued asset in the world today,” while equities, bonds, precious metals, real estate, and venture capital are all near their all-time highs, says Ikigai founder Travis Kling. Hitting New Peaks The yellow metal, gold recently jumped to a fresh six-year high and is now trading near this level. Experts believe the […]

2019-10-10 17:06


Grayscale exec claims firm raised $85 million from investors in Q2

Grayscale Bitcoin Trust is one of the most recognized institutions for digital currency investments, providing secured access and seamless exposure to the virtual asset class. In a recent interview, Rayhaneh Sharif-Askary, Grayscale’s Director of Sales and Business Development, claimed that the investment in the firm’s products had doubled in Q2 and investors were consistently coming […] The post Grayscale exec claims firm raised $85 million from investors in Q2 appeared first on AMBCrypto.

2019-10-10 21:30