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The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.
Core Scientific’s lender, B Riley, has stated its intentions of loaning out $ 72 million to the embattled publicly traded miner. Core Scientific currently has an existing loan with B Riley totaling $ 42 million. The new $ 72 million loan would be “on favorable terms,” and aim to provide two years of runway before anticipating profitability from the company.
Voltage will supply up to 500,000 sats of inbound liquidity from its main node to its customers with one seamless click.
Voltage, a bitcoin infrastructure provider, has released a new and effortless way to find inbound liquidity in order to create a Lightning node, per a blog post from the company.
Customers of Binance.US can now trade four spot bitcoin pairings with zero fees and a low 0.5% fee for using the “Buy Crypto” function.
Binance.US, the American arm of one of the world’s largest cryptocurrency exchanges, is now offering zero-fee trading with spot bitcoin pairs, according to a press release sent to Bitcoin Magazine.
Former antivirus software guru and 2020 Libertarian presidential “hopeful” John McAfee is a controversial figure, polarizing opinion in politics and culture, and taking a bold stand against the U.S. federal government. Most recently this has involved offering to help the Cuban state develop its own cryptocurrency in the interest of avoiding U.S. interventionism in trade.
Also read: Who Are the Real Thieves? Danish Authorities in Tax Evasion Crackdown
The nation of Cuba has formally announced plans to utilize cryptocurrency on an international scale, and one resident couldn’t be happier. John McAfee, who is currently hiding out somewhere in Havana, praised the decision by the Cuban government and offered his help. Cuba is planning to use Cryptocurrency to get around the 63 years of […]
The post John McAfee Over the Moon, Offers His Services to Cuba on Crypto appeared first on CCN Markets
Multiple users have reported that crypto trading platform LocalBitcoins has stopped allowing customers to make in-person trades of crypto assets for cash in an anonymous fashion.
Reddit user u/GrayLifes first posted about this development on June 1, 2019, claiming that cash ads were removed from the platform without warning. A wide range of other users concurred, stating that all “local ads are hidden or deleted for the entire site,” without any option to search for possible traders nearby. “All my local trade ads are missing,” user u/scottemick claimed. “How can it even be called local bitcoins anymore?”
Do you want every person you ever transact with to know how much is in your wallet and your net worth? Of course not. That’s why you need and want to mix your coins to hide where they came from before you use them. The degree of privacy you can expect by default, however, varies significantly depending on whether you are using BCH or BTC.
Also read: Bitcoin Payments Are Being Bulldozed for Political Reasons
With crypto markets rising, hodling seems to be a sound investment strategy once again. If you have coins you want to keep, you can earn some interest on your digital assets thanks to platforms such as Celsius Network. Its mobile wallet allows you to also use the cryptocurrency as collateral in case you need to borrow fiat cash instead of selling crypto.
Also read: How to Find a Crypto-Themed Template for Your Website
People and businesses in need of crypto-friendly banking now have a new service to try. Cashaa is a London-based online platform that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions.
Also read: Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made
Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa are designed for small and medium enterprises and startups registered worldwide, not only U.K. or EU-based entities. The accounts will allow them to accept both fiat and cryptocurrency payments.
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
BitCash – a new cryptocurrency ecosystem developed by blockchain engineer and serial entrepreneur Christian Kassler – launched on 28 August 2018. Combining traditional fiat banking tools and stability in one, BitCash seeks to be the world’s most useable, and most used, cryptocurrency.
They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.
A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract what it says are “outstanding requests for service” from bitcoin and other “data centre” processors, according to a report from the National Post.
The province of Quebec experimented with energy incentives but was so overwhelmed by the demand from bitcoin miners that it withdrew its lower energy prices — but is still experiencing an increased demand for power.
Last week, Circle’s cryptocurrency exchange subsidiary, Poloniex, added Bitcoin-based margin trading for Bitcoin Cash (BCH) and Bitcoin SV, bringing the total altcoins available for with leverage to 14. There are now 14 pairs available for margin trading with a $ BTC base pair for non US customers. Learn more here: https://t.co/MyRbK33sKc pic.twitter.com/XWa5nmPVfZ — Poloniex Exchange (@Poloniex) […]
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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
On April 2019, CoinAll, one of the fastest-growth cryptocurrency exchanges, announced the listing of Mindol (MIN). At the same time, a 7-day celebration was launched as well. CoinAll will give away 25,000 MIN tokens during the celebration time.
Mindol circulates MINDOL token and establishes market place of “eMINDOL” that provides functions of posting, voting, donation, settlement and copyright management. Besides, Mindol also develops a project of contents creation including animation, game and film productions.
Dharma, a startup developing borderless lending products on the blockchain, now offers interest to investors who hold Ethereum (ETH) or Dai (DAI) on the lending platform. 1/ Today, Dharma is officially open to the public. Now, anyone can earn interest or take out a line of credit against their crypto from anywhere in the world. […]
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Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
In fact, you could rightly say that what makes crypto, well, crypto actually makes them nervous. Unlike settling traditional assets, you can’t reverse a bitcoin transaction, the blockchain offers no internal or centralized controls and there’s no one to go to if you muck up a transaction. Bitcoin is everything that the traditional finance sector is not, so it’s understandable that Wall Street and friends would be wary of holding an asset they don’t understand and can’t control.
Mistertango is a platform that provides crypto users and businesses with access to traditional finances. Its services are open for exchanges, investors and others involved in the industry. The crypto-friendly payment processor offers both personal and business accounts that come with the option to create multiple Ibans.
Also read: Cryptoradar Finds Best Prices Across Exchanges and Brokers
The Mistertango platform promises private individuals a fast and easy onboarding process. Personal accounts give users the opportunity to manage their online payments across various devices, mobile and desktop, and stay informed about all transactions and balances thanks to real-time notifications.
San Francisco-based Clearbanc, a startup that provides a unique form of non-dilutive funding for rapidly-growing ecommerce brands and consumer SaaS companies, has unveiled the next progression of its investment platform, the 20-Min Term Sheet. With the launch of the new product, Clearbanc plans to ramp up its capital deployment with a goal of investing $ 1 billion […]
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Cred (LBA), a decentralized lending startup formerly known as Libra Credit, has partnered with TrustToken, the team behind dollar-pegged stablecoin TrueUSD (TUSD) to offer 8% interest when the token is stored on the Cred platform. We are pleased to announce that we’ve partnered with @TrustToken to offer 8% interest on #TrueUSD on #CredEarn!https://t.co/1xISsZBtD5 — Cred (@ihaveCred) March […]
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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
On March 2019, CoinAll, one of the famous emerging cryptocurrency exchanges, announced the listing of Lambda and the LAMB celebration – a 7-day celebration. CoinAll will give away 1,600,000 LAMB tokens during the celebration time.
Lambda is a safe, reliable and infinitely expanding decentralized storage network, whose mission is to promote the development of the Internet decentralization and build storage infrastructure for the new generation of the Internet.
