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Top Bitcoin Magazine News
Business · New York
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX. See the Story
48% Center coverage: 88 sources
Bitcoin Will Not Submit To Black Swans
Bernardo Filipe is a life-long thinker, philosopher and author of The Straight Science. He says Nassim Taleb believes bitcoin is worth exactly zero because he lacks the vision. Taleb has failed to realize that bitcoin is still in development, it is still growing and evolving.See the Story
European Bitcoin Company Relai Reports Record Volumes Despite ECB’s Bitcoin Warning
Relai, a Swiss company that provides a non-custodial bitcoin wallet app, has reported that November 2022 was its best month in terms of volume and revenue. According to a press release sent to Bitcoin Magazine, the app saw an increase of 60% compared to the previous month of October 2022. Simultaneously, the director general of market infrastructure and payments at the European Central Bank and an advisor released an article on November 30 titled Bitcoin's Last Stand.See the Story
Latest News Stories
How to Buy Bitcoin With a Credit Card
Credit cards have been around for nearly 150 years and won't go away easily. People use it for convenience but often go beyond their means, buying goods and services they could not afford without falling into debt. Many bitcoiners would argue (sarcastically or otherwise) that a credit card's only meaningful utility is to buy more bitcoin.See the Story
Business · Georgia
Department of Justice Seizes $3.36 Billion Cryptocurrency in Historic Conviction
The U.S. Department of Justice on Monday announced that law enforcement seized $3.36 billion of bitcoin from a man who “unlawfully obtained” more than 50,000 bitcoin from dark-web market Silk Road over a decade ago.See the Story
57% Center coverage: 21 sources
Fidelity Opens Waiting List for Retail Crypto Product
Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services. The new service will give retail investors the ability to buy and sell Bitcoin and Ether with minimal fees. Instead of a commission, Fidelity Crypto will incorporate a 1% spread into every trade. Fidelity didn't specify a launch date for the new offering but has opened up an early-access waitlist to users.See the Story
80% Center coverage: 5 sources
Hong Kong to Make Retail Crypto Trading Legal: Report
Hong Kong plans to legalize the retail trading of bitcoin and cryptocurrencies contradicting the city's position in recent years, as well as China's ban on such services. The government is expected to deliver details regarding its previously mentioned goal of becoming a hub for digital assets this upcoming Monday at a fintech conference.See the Story
67% Center coverage: 3 sources
Cash App Users Can Now Send and Receive Bitcoin via Lightning
Cash App users can now send and receive bitcoin payments instantly via the Lightning Network. Cash App has a user base of over 40 million, over six-times larger than the population of El Salvador. The feature is available across all of the U.S., except for New York State.See the Story
100% Center coverage: 2 sources
Business · San Salvador
El Salvador president says country will buy one bitcoin a day
Nayib Bukele, the president of El Salvador, on Twitter announced buying one Bitcoin BTC/USD each day starting Nov.18. This comes at a time when FTX FTT/USD collapsed fanning fears about the future of the cryptocurrency industry. See the Story
70% Center coverage: 10 sources
Genesis Global halts withdrawals citing 'unprecedented market turmoil'
Crypto brokerage Genesis suspends redemptions and new loan originations. The suspension comes as the entire crypto industry is on edge following FTX's collapse. An FTX investor sued Bankman-Fried as well as several celebrities who endorsed the platform. BlockFi, another big player in the crypto space, halted withdrawals last week.See the Story
Coverage: 6 sources
Business · New York
Binance to acquire FTX unit to help with "liquidity crunch"
Binance Chief Executive Changpeng Zhao said on Tuesday the company had signed a non-binding agreement to buy rival FTX's unit, FTX.com, to help cover a "liquidity crunch" at the cryptocurrency exchange.See the Story
57% Center coverage: 46 sources