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Square Inc. Considers Rolling Out New Bitcoin Hardware Wallet
Jack Dorsey, the CEO of Square payment firm, has announced that the company is developing a new hardware Bitcoin wallet to give users greater control over their funds.
Texas Securities Board Issues Emergency Cease and Desist Order to Abra and CEO, William Barhydt
The Texas State Securities Board has taken decisive action against Abra by issuing an Emergency Cease and Desist Order. The order, also directed at Abra's CEO, William (Bill) Barhydt, alleges securities fraud and misleading statements in connection with Abra's digital asset depository accounts.
Apple Seeks Crypto Talents In Charge Of Alternative Payments Business
Apple Inc. is on the hunt to hire a business development manager with crypto experience in the alternative payment business.
SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers
The Securities and Exchange Commission (SEC) has lodged an emergency action application against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao.
SEC Commissioner Expresses Dissent on LBRY Case Outcome
SEC Commissioner Hester M. Peirce criticizes the commission's enforcement action against blockchain firm LBRY, Inc., highlighting the case as an example of regulatory overreach that stifles innovation and fails to adequately protect investors. Amidst ongoing legal actions against crypto enterprises, Peirce's dissent underscores the need for a balanced regulatory approach to foster innovation and investor protection in the blockchain and crypto sectors.
MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet
MicroStrategy Inc. plans to borrow $400 million through senior secured notes from qualified institutional buyers. The company plans to use the proceeds made from the sales to purchase more Bitcoins.
Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan
American Bitcoin mining firm Genesis Digital Assets is purchasing additional 20,000 units of bitcoin ASIC miners from China’s Bitcoin mining hardware manufacturer Canaan Creative. The purchase will help Genesis to scale up its mining operations.
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
Payments Firm Bolt Scraps $1.5B Proposed Acquisition of Crypto Firm Wyre
Bolt said that it has pulled out of a $1.5 billion deal to buy crypto firm Wyre amid market downturn.
KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain
KKR plans to tokenize part of its second Health Care Strategic Growth Fund to expand individual investors’ access to private investment vehicles.
BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic
While many institutions struggled to recover from the market downturn experienced in March, publicly-traded, blockchain-focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285 percent in Q2 2020, through well-timed investments in both bitcoin (BTC) and ether (ETH), and crossed the $1 million mark for cryptocurrency assets under management (AUM).
Tesla Inc Purchases $1.5 Billion in Bitcoin and Plans to Begin Accepting BTC Payments
As per the US SEC filing announced on Monday, February 8, Tesla has invested $1.5 billion into Bitcoin and intends to accept the crypto payments.