‘We Have to Spend Money Carefully’ – Huobi Confirms Lay Offs Despite Profits

The prolonged bear market hasn’t yet managed to throw one of the leading cryptocurrency exchanges, Huobi, in the negative. However, despite still being profitable, the company is letting people go in an attempt to “spend money carefully.” Huobi Tightens Belt Huobi is a China-based cryptocurrency exchange with around $300 million in daily traded volumes, making […]

Continue Reading

Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week

A Bitcoin ATM company from Australia has reported a weekly turnover of $500,000 AUD (roughly $360,000 USD) despite the cryptocurrency bear market.  $360,000 Weekly Turnaround Auscoin, an Australian bitcoin ATM company, has reported a weekly turnaround of $360,000 in 2018. According to the reports, it’s currently operating 31 ATMs throughout Australia but it’s planning to […]

Continue Reading

Thailand Stock Exchange Considering Gov’t License to Trade Bitcoins

The Stock Exchange of Thailand (SET) could become the latest entity to obtain a cryptocurrency trading license in the country. This news comes as the bourse is reportedly mulling to become a licensed digital asset trading platform.  SET Eyes Digital Asset License to Trade Cryptocurrency According to the Bangkok Post, the SET plans to apply to […]

Continue Reading

Atomic Swaps Are Coming to BTCPay This Year, Says Nicolas Dorier [Interview]

Bitcoinist caught up with Nicolas Dorier, a developer of open-source and self-hosted Bitcoin payment processor alternative, BTCPay, who spoke about upcoming features such as atomic swaps, and making BitPay obsolete for businesses that don’t care about handling bitcoin.  ‘Nothing is Unsolvable in the Long Run’ Bitcoinist: In August 2017, you posted one of the most […]

Continue Reading

Hedge Fund Chairman Bill Miller Skeptical of ‘Overdone’ Ripple

Miller Value Partners (MVP) chairman & CIO Bill Miller has reiterated his faith in Bitcoin while publicly voicing suspicion about Ripple. Miller Consolidates Bitcoin Holdings Speaking to CNBC in an interview January 9, Miller, whose fund began buying up Bitcoin in 2014, said he had since “spun off” its Bitcoin and Bitcoin Cash holdings into […]

Continue Reading

Bakkt Raises $182.5M From Microsoft And Other Big-Name Investors

Bakkt on Monday announced the completion of its first funding round, to the tune of $182.5 million. The platform which aims to offer the first-ever Bitcoin-settled futures contracts in the coming year says it is going ahead with its plans irrespective of the current market conditions. $182.5 Million in Funding From High Profile Investors In […]

Continue Reading

Japan’s Internet Giant GMO Quits Mining Hardware Bussiness

GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review. GMO Internet Downsizing Bitcoin Mining Operations In a statement Dec. 25, 2018, the IT behemoth announced the shuttering […]

Continue Reading

Bitmain Fires Entire Bitcoin Cash Development Team: Report

Things appear to be far from well with Bitcoin Mining firm Bitmain as several reports indicate another round of employee layoffs at the firm. This news follows reports that the company’s IPO is also dead in the water after rumors of Q3 losses running into over $700 million. Bitmain on Firing Spree According to Blockstream […]

Continue Reading

Tim Draper is Betting On Bitcoin Lightning Payments for Starbucks

Bitcoin payment processor OpenNode has successfully concluded a seed round. The project has raised $1.25 million with prominent Bitcoin proponent Tim Draper and Draper Associates.  OpenNode Seals the Deal OpenNode is a bitcoin payment processor, describing itself as “the easiest way to accept bitcoin.” The company has announced that it managed to close a $1.25 […]

Continue Reading

Bitcoin’s Liquid Sidechain is Being Adopted by Swiss Finance Industry

Swiss IT consulting firm Inacta AG has become an official partner of Blockstream’s Liquid Sidechain for Bitcoin, the company confirmed December 17. Tokengate Meets Liquid Sidechain Inacta, one of many Blockchain-focused companies headquartered in Switzerland’s Crypto Valley in the town of Zug, also became the first token platform operator to support Liquid tokens. Billed as […]

Continue Reading