Late Stage Mature Pre IPO Unicorns - exchange debuts Bitcoin margin trading

By Osato Avan Nomayo, Gold-verified users of exchange in over 150 countries will now be able to trade Bitcoin with up to 5x leverage. Bitcoin (BTC) wallet and exchange platform has announced the introduction of margin trading services. In a blog post issued on Tuesday, stated that Bitcoin margin trading had been a regular request[…]

Bitcoin miner Stronghold will list almost 6M shares in its $100M IPO

By Martin Young, The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin. United States Bitcoin mining company Stronghold Digital Mining will list almost six million shares in an initial public offering (IPO) on the Nasdaq. Stronghold plans to list 5,882,352 Class A common stock shares priced between $16[…]

Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams

By Brian Quarmby, The Ethereum Foundation will pass the donations on to open-source developer teams including Besu, Erigon, Geth, Nimbus and Nethermind. A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade. On Aug. 24 the[…]

CFTC hits Kraken with $1.25M in fines over alleged illegal offering

By Turner Wright, “Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. The United States Commodity Futures Trading Commission is ordering crypto exchange Kraken to pay more[…]

Binance US ‘looking at IPO route,’ CZ says

By Helen Partz, Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance. Changpeng Zhao, founder and[…]

US Bitcoin miner Stronghold files for $100M IPO to fund massive expansion

By Brain Quarmby, Sustainably focused and vertically integrated Bitcoin mining company Stronghold Digital Mining has filed for a $100-million initial public offering with the U.S. Securities and Exchange Commission. Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining has filed for a $100-million initial public offering with the United States Securities and Exchange Commission. The firm filed its S-1[…]

Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO

By Osato Avan-Nomayo, Chinese Bitcoin miner manufacturer Canaan Inc. has reported significant revenue figures for the second quarter of 2021. Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period. According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion[…]

10% of early-stage startups working on blockchain: GSER 2021

By Osato Avan-Nomayo Blockchain-based startups continue to account for a significant proportion of newly established business entities across the globe. With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for[…]

Vulnerable: Kraken reveals many US Bitcoin ATMs still use default admin QR codes

By Brian Quarmby, Kraken has urged BATMTwo ATM owners and operators to change the admin QR code for their ATMs to avoid potential attacks. Kraken Security Labs has said that a “large number” of Bitcoin (BTC) ATMs are vulnerable to hacking, as the administrators never changed the default admin QR code. In a Wednesday blog[…]

SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener

By Brian Quarmby, Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability. Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC). The company is yet to officially announce how much Bitcoin it has purchased,[…]