General Motors Considers Using Bitcoin As Payment Option
Automobile manufacturer General Motors has joined a growing list of companies considering using Bitcoin as a payment option for its services. General Motors Still Evaluating Bitcoin Last month, during GM’s Q4 2020 earnings call, Chief Executive Officer Mary Barra suggested that the company would consider payments from buyers in Bitcoin.Continue Reading
XRP holders get green light for motion to intervene in SEC vs Ripple case
A federal judge has accepted token holders’ claim that their interests are not being adequately represented in the SEC’s ongoing lawsuit against Ripple Labs.Continue Reading
Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments
Venezuelan customers from the biggest satellite TV provider in the country are now able to pay their monthly bills via cryptocurrencies. Simple TV announced it had enabled the feature to its over four million users, whose company was the replacement of Directv. Company Expects to Cut Dependency on Fiat DollarContinue Reading
State Grid Corporation of China Selects Wanchain’s Blockchain Technology to Upgrade National Data Management System
PRESS RELEASE. The State Grid Corporation of China will be adopting blockchain interoperability platform Wanchain’s technology for their national data management system. 30th March, 2021, Beijing, China – Wanglu Tech Ltd. (“Wanchain”) is pleased to announce that the State Grid Corporation of China (“State Grid”) has approved the results ofContinue Reading
Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘Ethical’ Reasons
Bitcoin is not liked by everyone from the Island Council of Tenerife, Spain. At least that’s what was suggested by its president, Pedro Martín, who ordered the sale of the local government’s investment in cryptocurrency. Bitcoin Is an ‘Opaque’ Currency, Martín Says Martín, from the Spanish Socialist Worker’s Party (PSOE),Continue Reading
Iowa House approves bill to legally recognize blockchain smart contracts
The bill would give legal recognition to transfers and registrations made through blockchain smart contracts.Continue Reading
Cosmos launches Inter-Blockchain Communication to enable cross-chain DeFi
Cosmos is now building a cross-chain DEX for IBC-enabled blockchains, dubbed GravityContinue Reading
Japanese bank Sumitomo Mitsui launches the country’s first ‘a-1’ rated security token
Sumitomo Mitsui has partnered with Securitize to launch Japan’s first security token that complies with the country’s Financial Instruments and Exchange Act. Japan-based bank Sumitomo Mitsui Trust Bank, or SMTB, has launched its first asset-backed securities token in partnership with Securitize on March 29. The instrument is the first securityContinue Reading
Three-quarters of circulating BTC last changed hands for less than $10,800
After a recent spike in profit-taking, long-term Bitcoin investors are back to offloading coins at the same rate they were in 2020. Research from on-chain analytics provider Glassnode has found that roughly three-quarters of circulating Bitcoin last moved on the blockchain when prices were below $10,800, suggesting most market participantsContinue Reading
Tron’s Justin Sun Unveils NFT Fund Aimed at Art Acquisition
Hot on the heels of a recent winning auction bid for Beeple’s “Ocean Front” NFT, Justin Sun is making another splash in the NFT market following his decision to seed an investment fund that collects high-profile works of art. Fund Just One Leg of Sun’s Ambitions in The NFT EcosystemContinue Reading
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African company to make theContinue Reading
Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE
Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin. E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment providerContinue Reading
MLB team will HODL Bitcoin received from suite sales, says president
“We’re believers in [Bitcoin] and hopefully it continues to go up and maybe we can find some big free agents with some of the proceeds.” Dave Kaval, president of Major League Baseball’s Oakland Athletics, says the ball club will be HODLing any Bitcoin that fans pay for luxury seats atContinue Reading
Institutional inflows into crypto hit lowest levels since October
Managers bought $21 million worth of digital asset investment products last week, according to CoinShares. On a market-cap adjusted basis, Ether remains the most popular investment. Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possiblyContinue Reading
Pantera Capital backs Liquity Protocol’s $6M Series A funding round
Liquity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round. DeFi lending platform Liquity Protocol has secured $6 million in Series A funding to expand its on-chain borrowing services, underscoring the continued growth of cryptocurrency loans. Continue Reading