Bitcoin

Bitcoin
Bitcoin Daily: Ethereum Software Upgrade Aims To Stabilize Crypto Fees; Luxury Brand Burberry To Release...
August 05, 2021

A new software update for Ethereum, the second-largest blockchain network, will likely stabilize transaction fees and cut down on the supply of the tokens, according to Reuters. Ether was trading lower prior to the news but gained afterward and was up 2.6 percent to $2,796,...

Bitcoin
Bitcoin Daily: Smart Contract Network Provider Data Gumbo Nets $7.7M For Scaling, Middle East Expansion;...
August 04, 2021

Data Gumbo, provider of blockchain-powered smart contract network GumboNet, has closed a Series B funding round with $7.7 million, according to a press release. These funds are adding onto the first close of the round at $4 million from September, the release stated. With the...

Bitcoin
Bitcoin Daily: Bitcoin Addresses Rise 30 Pct; Hall of Fame, Dolphin Team On Athlete NFTs
August 02, 2021

The total number of Bitcoin addresses is up 30 percent as the most popular cryptocurrency has seen a network activity boost over the past week, FinanceMagnates.com reported. Crypto analytics program Glassnode found that the active Bitcoin entities per day had risen from 250,000 to around...

Bitcoin
Bitcoin Daily: German Institutional Funds Can Invest In Crypto; Bitcoin Miners Bring In $970M In...
August 01, 2021

Under a new plan in Germany, some institutional funds will be able to invest billions in cryptocurrency, which has never happened before, Bloomberg reported. The new rule will let Spezialfonds with fixed investment rules put as much as 20 percent of what they have into...

Bitcoin
Bitcoin Daily: Bank Of America Among Investors In Paxos’ $300M Fund Raise; Bitcoin Due To...
July 29, 2021

Paxos, which provides blockchain infrastructure, has raised $300 million in a Series D funding round backed by Bank of America, crypto exchange FTX, Founders Fund and Coinbase Ventures, CoinDesk reported. The round was led by Oak HC/FT. Additionally, it included PayPal Ventures and Mithril Capital,...

Bitcoin
Bitcoin Daily: Coca-Cola To Auction NFTs As A Fundraiser; Israel Eyes Requiring Crypto Investors To...
July 28, 2021

Coca-Cola has debuted a nonfungible token (NFT) collection in celebration of International Friendship Day July 30, according to a press release. The event will see a four-day auction on OpenSea, the release stated. The proceeds will go toward Special Olympics International. There are four pieces...

Bitcoin
Bitcoin Daily: AS Roma, Zytara Labs Team On Soccer NFTs; Binance Founder To Exit
July 27, 2021

AS Roma, an Italian soccer club, has signed up for a three-year partnership with Zytara Labs, a blockchain FinTech, CoinDesk reported. The partnership is worth $42 million and will create digital player cards and other collectibles as NFTs, according to CoinDesk. Zytara Labs builds products...

Bitcoin
Tesla’s Revolving Bitcoin Acceptance Policy Comes With Accounting Headaches
July 27, 2021

Live by the bitcoin, take impairment charges by the bitcoin. Wall Street can be a funny place – funny peculiar, not funny ha-ha. Valuation of a company pivots off of reading financial statements, from assigning multiples to things like net income, operating income or even...

Bitcoin
Bitcoin Daily: RocketFuel Makes Crypto One-Click Pay Available For Cannabis Industry; Tesla Retains Its $1.3B...
July 26, 2021

RocketFuel, which provides one-click cryptocurrency payment options, has announced it will be making its one-click services available for the cannabis industry, according to a press release. By integrating RocketFuel, companies will be able to make sure that merchants can access crypto payments from users with...