Bitcoin
Riot Platforms has secured a $100 million credit facility from Coinbase, using a portion of its Bitcoin holdings as collateral. The loan agreement was announced on April 23 by the Bitcoin mining company, which currently holds 19,223 BTC valued at approximately $1.8 billion. CEO Jason Les stated that
Bitcoin
Bitdeer, a prominent Bitcoin mining firm, has secured $60 million in loans to expand its ASIC manufacturing capabilities amid growing global mining competition and record-high Bitcoin network hashrates. The funding comes as miner profits face increasing pressure in the current market environment. According to the company's annual report,
Bitcoin
Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching traditional investment offerings that showcase the growing connection between crypto and traditional finance (TradFi). "There's a growing synergy between traditional financial investments and the emerging crypto space," said Gracy Chen, CEO of Bitget, the
Bitcoin
Japanese investment firm Metaplanet has increased its Bitcoin holdings to more than $400 million following its latest purchase. The company acquired 330 Bitcoin for $28.2 million at an average price of $85,605 per BTC, according to an April 21 post from CEO Simon Gerovich. This acquisition brings Metaplanet&
Bitcoin
Strategy, led by Michael Saylor, has purchased 6,556 Bitcoin for $555.8 million between April 14 and April 20. This acquisition occurred as Bitcoin traded near the $85,000 mark, according to the company's latest SEC filing. The company paid an average price of $84,785 per
Bitcoin
ABCDE, a major Web3 and blockchain-focused investment fund, announced it will stop making new investments and halt fundraising for its second phase. The $400 million fund will instead concentrate on supporting its current portfolio of projects while its co-founder shifts attention to a new crypto incubator called Vernal. Du Jun,
Bitcoin
UK investment firm Abraxas Capital has purchased 2,949 Bitcoin valued at more than $250 million over four days leading up to April 19. The London-based firm completed its latest transaction on April 18, buying over $45 million worth of Bitcoin from Binance, according to crypto intelligence firm Lookonchain citing
Bitcoin
Astar Network has made changes to its tokenomics structure to reduce inflationary pressures within its ecosystem. The blockchain firm announced on April 18 that it had cut base staking rewards from 25% to 10%, a measure aimed at controlling token inflation. The company stated that this adjustment promotes a more
Bitcoin
A Spar supermarket in Zug, Switzerland has begun accepting Bitcoin payments via the Lightning Network. The store's Bitcoin payment system went live recently as part of BTC Map, a community-driven project that shows businesses accepting Bitcoin payments. DFX Swiss, a crypto-to-fiat payment solution company, announced the development in
Bitcoin
Lombard Finance has released a software development kit enabling platforms to offer bitcoin staking services with a single click. The toolkit targets an estimated $154 billion in bitcoin currently sitting unused on centralized exchanges. The SDK allows users to stake their BTC to receive LBTC tokens, which can then be
Bitcoin
Bitcoin staking protocol Babylon experienced a significant withdrawal on April 17, with $1.26 billion worth of Bitcoin unstaked from its platform. According to blockchain analytics firm Lookonchain, several addresses removed a total of 14,929 Bitcoin from the staking platform. The security firm identified four addresses that had unstaked
Bitcoin
Auradine, a California-based bitcoin miner manufacturer, has raised $153 million in a Series C funding round. The investment will support expansion of both its core bitcoin mining business and its newly launched AI infrastructure division, AuraLinks AI. The round consists of $138 million in equity and $15 million in venture
Bitcoin
Panama City's municipal government has approved the use of cryptocurrency for various government payments. Mayor Mayer Mizrachi Matalon announced on Wednesday that residents can now use digital currencies to pay for taxes, fees, tickets, and permits. The city will accept four cryptocurrencies: bitcoin, ether, USDC, and USDT. This
Bitcoin
Matt Cole, CEO of Strive Asset Management, has called on financial software developer Intuit to change its "censorship policies" and "anti-bitcoin bias" in an open letter dated April 14. The letter was addressed to Intuit CEO Sasan Goodarzi and board Chair Susan Nora Johnson. Cole'
Bitcoin
According to data from the Central Reserve Bank of El Salvador, only 20 out of 181 registered Bitcoin service providers are currently operational in the country. This represents just 11% of registered firms, with the remaining 89% classified as non-operational for failing to meet requirements established under El Salvador'
Bitcoin
Coinbase celebrated the fourth anniversary of its public debut yesterday. The company went public on April 13, 2021, reaching an $86 billion valuation that briefly touched $100 billion, rivaling Facebook's 2012 market entry. CEO Brian Armstrong noted at the time that the listing created a thousand new millionaires