Konzum, the largest supermarket chain in Croatia, is keeping up with the times by debuting payments in cryptocurrencies like Bitcoin (BTC). The company officially announced on Monday that it now accepts nine cryptocurrencies for payment in its online store, allowing customers to use crypto to buy groceries, hygiene products and household supplies. According to the announcement, the supported cryptocurrencies include Bitcoin,…
Food delivery platform Grubhub has partnered with Bitcoin rewards app Lolli to give hungry people the opportunity to earn crypto back on their orders. In a Wednesday announcement, Lolli said Grubhub customers would be able to earn $1 in Bitcoin (BTC) rewards each time they used the platform’s extension or app. The funds will be available for transfer or storing…
Senator Cynthia Lummis (R-Wy) is asking her Republican colleagues to withhold support for Jay Powell’s renomination as Chair of the Federal Reserve, citing what she claims is unlawful treatment of crypto institutions in her home state. According to a source in Lummis’s office, the pro-Bitcoin Wyoming Republican is also urging Senate colleagues to block President Biden’s other Fed nominee, Lael…
Marathon has expanded its May agreement with Compute North to accommodate more miners in different regions of the U.S.The infrastructure provider will now host and manage over 100,000 of Marathon’s bitcoin miners.Upon full deployment, Marathon’s operations are expected to be 77% carbon neutral. Publicly traded bitcoin miner Marathon Digital Holdings has expanded its hosting deal with infrastructure company Compute North…
Starting Today, Wednesday December 1, transfer BICO into your Coinbase Pro account ahead of trading. Support for BICO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin later today if liquidity conditions are met. One of the most common requests we receive from customers is to be able to…
Bitcoin (BTC) met the start of U.S. trading with a bang on Dec. 1 as the Wall St. open sparked a run above $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $56,000 may have been resistance flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 2% in an hour Wednesday, canceling out the majority of overnight losses. The…
Bitcoin’s potential is immense — an independent global reserve asset, the foundation of a more ethical financial system, uncorrupted by centralized financial overlords. But what is the risk that bitcoin could become co-opted and corrupted by those centralized financial overlords? What if bitcoin loses its independence? What if bitcoin merely becomes another speculative Wall Street plaything? TLDR: Wall Street’s growing…
The beauty of the Bitcoin network is that anyone can participate in it without permission. However, primarily out of convenience, most Bitcoin users don’t run nodes and instead trust third parties such as centralized exchanges and wallet providers to interact with the network on their behalf. This approach comes with notable tradeoffs, including reduced privacy and security, and goes against…
Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days. In a Wednesday tweet to his more than 678,000 followers, Silbert announced the purchase of $85 million in Zcash (ZEC), or roughly 376,106 tokens assuming an average…
Kimbal Musk—Elon Musk’s brother—has announced the launch of a “Giving DAO” which he described as an experiment in “decentralized philanthropy.” “Wow, Web 3 has been teaching me a lot. I’ve decided to run an experiment to decentralize philanthropy. This Giving Tuesday, I’m launching the first Giving DAO,” Musk tweeted. “Want to read the Lite Paper? DM me. Constructive Twitter feedback…
