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World's Second Largest Bitcoin Mining Company Raises $90M in US IPO

World's Second Largest Bitcoin Mining Company Raises $90M in US IPO

The world’s second-largest bitcoin mining equipment producer, Canaan Inc. raised $90 million during its initial public offering (IPO).

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker

A billboard in Times Square has been hired by the ‘Free Ross’ movement as part of a campaign to release the Ross Ulbricht, founder of the Silk Road drug trafficking marketplace on the darknet.

BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic

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

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.

Square Wants Less Technical User-Friendly Cryptocurrency Wallets

Square Wants Less Technical User-Friendly Cryptocurrency Wallets

Square Crypto, the cryptocurrency arm of the online payment service provider Square Inc is set to fund the development of crypto wallets with enhanced UX.

Ripple CEO Says Bitcoin PoW Energy Use Makes Square Target of Biden’s Climate Change Agenda

Ripple CEO Says Bitcoin PoW Energy Use Makes Square Target of Biden’s Climate Change Agenda

Ripple CEO thinks Bitcoin’s PoW energy consumption makes public companies who invested heavily in BTC, like Square, potential targets of Joe Biden’s climate change agenda.

SEC Sues Ripple for Sale of “$1.3 Billion Unregistered Securities” as Crypto Leaders Debate over XRP

SEC Sues Ripple for Sale of “$1.3 Billion Unregistered Securities” as Crypto Leaders Debate over XRP

The SEC has filed a lawsuit against Ripple Labs Inc. for offering unregistered “digital asset securities” through which $1.3 billion was raised.

Fintech not Big Tech: Square is a Greater Threat to Banks than Google and Amazon

Fintech not Big Tech: Square is a Greater Threat to Banks than Google and Amazon

A recent survey of 300 senior executives at US-based mid-sized financial institutions found that more than half of bank and credit union executives view Big Tech companies like Amazon and Google as significant threats to the banking industry. Meanwhile only a third believe financial technology (fintech) firms will be a threat in the future, but are they sleeping on Square, Jack Dorsey’s financial technology venture whose stock price recently recorded a 20 month high.

Chicago-Based Exchange Cboe to Work on Crypto Offerings as Demand Continues to Rise

Chicago-Based Exchange Cboe to Work on Crypto Offerings as Demand Continues to Rise

Cboe Global Markets Inc., a Chicago-based exchange that provides trading and investment solutions, is ready to get back to the crypto space after previous failed attempts.

MicroStrategy Adds Additional 2574 Bitcoins To its BTC Portfolio for $50 Million

MicroStrategy Adds Additional 2574 Bitcoins To its BTC Portfolio for $50 Million

Nasdaq-listed MicroStrategy Inc has made another move to shore up its Bitcoin portfolio by purchasing an additional 2574 BTC for $50million.

Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls

Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls

Square has announced that it has successfully launched COPA to empower blockchain and crypto companies and to protect them from patent hoarding trolls.

Nasdaq-Listed Riot Blockchain Posts a Profitable Third Quarter

Nasdaq-Listed Riot Blockchain Posts a Profitable Third Quarter

Riot Blockchain Inc, one of the few blockchain companies to be listed on the Nasdaq has posted yet a profitable third quarter performance.

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