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Strike Expands Remittances Via Send Globally Service Over Bitcoin's Lightning Network to Philippines
Bitcoin

Strike Expands Remittances Via Send Globally Service Over Bitcoin’s Lightning Network to Philippines

January 31, 2023 0

The remittance service, Send Globally, will be available in the Philippines starting Tuesday, according to a press release. It runs on the Lightning Network, a “layer 2” scaling solution that enables cheaper and faster Bitcoin […]

Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
Bitcoin

Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt

January 31, 2023 0

In addition, Greenidge is actively pursuing a sale of excess real estate from its South Carolina mining facility. Any proceeds would go towards the note. If the miner is able to pay down $6 million […]

Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse
Bitcoin

Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse

January 31, 2023 0

The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets. Source link

Bernstein Says Custody Services Are the Foundation for Institutional Crypto Adoption
Bitcoin

UK Crypto Exchange Archax Launches FCA-Regulated Custody Service

January 31, 2023 0

“Events like FTX have highlighted the need for a more traditional approach to things,” said Archax Chief Marketing Officer Simon Barnby in an interview. “As an FCA-regulated custodian, we are permitted to hold cryptocurrencies, tokenized […]

DekaBank Selects Swiss Crypto Specialist Metaco to Steer Digital Asset Offering
Bitcoin

DekaBank Selects Swiss Crypto Specialist Metaco to Steer Digital Asset Offering

January 31, 2023 0

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate,” said Andreas Sack, DekaBank’s product owner for digital assets custody. “Today […]

Stablecoins Seem Unattractive as the Gap Between 3pool's APY and Treasury Yields Widens
Bitcoin

Stablecoins Seem Unattractive as the Gap Between 3pool's APY and Treasury Yields Widens

January 31, 2023 0

The annualized percentage yield from providing stablecoin liquidity on Curve’s 3pool, also known as DeFi’s savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note. Source link

Bitcoin Community Erupts In Existential Debate Over NFT Project Ordinals
Bitcoin

Bitcoin Community Erupts In Existential Debate Over NFT Project Ordinals

January 31, 2023 0

The protocol’s opponents argue that Ordinals will compete with traditional payment transactions by crowding blocks and driving up transaction fees. Rodarmor disagrees. “To that I say, well, there’s this fee market pricing mechanism that bitcoin […]

Crypto Services Company Prime Trust Lays Off One-Third of Staff
Bitcoin

Crypto Services Company Prime Trust Lays Off One-Third of Staff

January 31, 2023 0

Last week, Prime Trust said it would be suspending business operations in Texas by Jan. 31 after withdrawing its applications to receive a money transmitter license (MTL) in the state. The company declined to comment […]

Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms
Bitcoin

Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms

January 31, 2023 0

The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike. Source link

Ex-FTX Lawyer Cooperated With US Prosecutors, Reuters Reports, Citing Source Familiar
Bitcoin

Judge Rules Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250B Bond Can Be Revealed

January 31, 2023 0

A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond. Source link

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