Tether today announced that it has liquidated a loan to crypto lending firm Celsius. The stablecoin issuer did not specify the dollar value of the loan but said that it managed to settle up with the embattled crypto lender without incurring any losses. “This process was carried out in a way to minimise as much as possible any impact on…
On Friday, Web3 subscription and ticketing solution provider Revuto announced a novel subscription model for Netflix and Spotify, using a nonfungible token (NFT) solution. Revuto said it would offer a lifetime digital subscription for Netflix and Spotify via its Revolution NFT. A total of 10,000 users would be eligible to get their hands on the unique subscription model. Dino Ivankovic,…
According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped by excessive energy demand, Lancium can continue mining without reducing its computational power. Lancium Partners With…
This is an opinion editorial by Chris Smith, the Events Ticketing Manager for BTC Inc. Disclaimer: BTC Inc. is the parent company of Bitcoin Magazine and the Bitcoin Conference. The Bitcoin Conference is an annual tradition, a week-long extravaganza and a true celebration of freedom. The conference not only serves the bitcoin community but all who value freedom, individual sovereignty…
This is an opinion editorial by Chris Smith, the Events Ticketing Manager for BTC Inc. Disclaimer: BTC Inc. is the parent company of Bitcoin Magazine and the Bitcoin Conference. The Bitcoin Conference is an annual tradition, a week-long extravaganza and a true celebration of freedom. The conference not only serves the bitcoin community but all who value freedom, individual sovereignty…
MATIC was one of Friday’s notable movers, as prices of the token rose for a fifth consecutive session. This came as crypto markets were mostly in the green for the majority of the day’s session, with AAVE hitting a two-week high. Polygon (MATIC) MATIC was a notable mover on Friday, as prices of the token rose for a fifth consecutive…
Ashley Alder, the chief executive officer of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority. In a Friday announcement, the U.K. treasury said it had appointed Alder to chair the country’s financial watchdog starting in January 2023. He will succeed interim FCA chair Richard Lloyd, who took office following Charles Randell’s…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As fears of contagion and counterparty risk have gripped the bitcoin/crypto space, June quietly was the largest month of net withdrawals…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As fears of contagion and counterparty risk have gripped the bitcoin/crypto space, June quietly was the largest month of net withdrawals…
Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but even before recent months’ market failures for crypto, the regulators have been clearly hogging the blanket,…
