El Salvador Submits Bitcoin Bond Bill – Bitcoin Magazine
[ad_1] El Salvador’s Minister of the Economy Maria Luisa Hayem BrevĂ© submitted a digital assets issuance bill to the country’s legislative assembly, paving the way for the launch of its bitcoin-backed “volcano” bonds. First announced one year ago today, the pioneering initiative seeks to attract capital and investors to El Salvador. It was revealed at […]
BLIP: Encrypted Chat On Bitcoin Lightning – Bitcoin Magazine
[ad_1] A new Bitcoin-based encrypted chat platform has been announced at the Adopting Bitcoin conference, BLIP. The new app, yet to be publicly released, leverages Hexum, a proprietary multilayer encryption method, also created by the team behind BLIP, that promises a more secure communication than popular end-to-end (E2E) encrypted apps. “WhatsApp and Signal use one […]
FTX Files For Bankruptcy, CEO Resigns – Bitcoin Magazine
[ad_1] FTX has filed for Chapter 11 bankruptcy. The move includes FTX US, the group’s American subsidiary, which up to yesterday was believed to be solvent and able to keep running despite the international arm’s issues. The company’s official Twitter account posted a press release on Friday morning detailing the decision, which also includes a […]
Binance Will Not Buy FTX – Bitcoin Magazine
[ad_1] Binance walks away from FTX deal following due diligence. Firm also mentioned U.S. investigations of FTX. Retail investors are left hanging without access to funds. Binance will not move forward with the acquisition of rival exchange FTX, the company said in a tweet Wednesday afternoon. “In the beginning, our hope was to be able […]
US Probes FTX Handling Client Funds – Bitcoin Magazine
[ad_1] SEC, CFTC reportedly probing FTX over handling of customers’ funds. Investigations also relate to lending. SEC probe reportedly predates Binance’s acquisition of FTX. U.S. financial regulators have apparently been actively following the carnage that’s ensued in cryptocurrency markets over the past couple of days. According to a report by Bloomberg, people familiar with the […]
CleanSpark Grows As Mining Market Bleeds – Bitcoin Magazine
[ad_1] CleanSpark Inc., an energy company turned bitcoin miner, produced a record amount of new BTC last month. The Nasdaq-traded firm said in a statement sent to Bitcoin Magazine that it had mined 532 bitcoin in October, representing a nearly 20% increase from its September production. In addition, the company also shared some updates on […]
Fidelity Zero Fee Bitcoin Trading – Bitcoin Magazine
[ad_1] Financial services behemoth Fidelity Investments has opened access to a wait list for its bitcoin trading offering, according to its website. Users can express interest in the product, offered by its subsidiary Fidelity Digital Assets, by signing up on the firm’s web page. The product will waive commission fees, an attempt to compete with […]
Hawkish Fed Powell Crashes Markets – Bitcoin Magazine
[ad_1] The Federal Open Markets Committee, the U.S. central bank’s body responsible for setting monetary policy, raised interest rates by 75 basis points on Wednesday for the fourth consecutive time as Federal Reserve governors attempt to battle stubborn inflation levels in the country. Jerome Powell, Chairman of the Federal Reserve and the FOMC, joined a […]
Pick n Pay Now Accepts Bitcoin – Bitcoin Magazine
[ad_1] Customers in South Africa can now use their bitcoin to purchase regular daily goods at a local food retailer. Pick n Pay, one of South Africa’s largest retailers, has started rolling out Bitcoin payments in its stores, extending a pilot that began with 10 locations five months ago to a total of 39, local […]
Bitcoin Is Ultimate Freedom: Nigel Farage – Bitcoin Magazine
[ad_1] Any new idea automatically faces the opposition of the establishment, said former Member of the European Parliament, Nigel Farage, on a panel at Bitcoin Amsterdam on Thursday. That argument served as the introduction to Farage’s point throughout the conversation, as he drew parallels between Bitcoin and his experience pushing the then-unpopular idea of Brexit, […]