The deal, which was expected to complete later this year, was called off by a mutual agreement, according to report. Source
BitMEX CEO, CFO's Bid for German Bank Fails: Report
Tag: Report
Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round: Report
Crypto exchange Blockchain.com reached a $14 billion valuation in a funding round led by Lightspeed Venture Partners, with “major participation” from Baille Gifford & Co, Bloomberg News reported on Thursday, citing the company. The amount raised wasn’t disclosed. Source
Kraken users report Bitcoin Lightning Network availability
Major American cryptocurrency exchange Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a bit later than the firm originally planned. Bitcoin maximalist Mr.Hodl took to Twitter on Wednesday to report that Kraken has implemented the Lightning Network. He attached a screenshot of the supposed new Kraken withdrawal process allowing users to complete a withdrawal request from a Lightning wallet to receive BTC from their accounts. “The Lightning network runs on top of the Bitcoin blockchain to enable more uses of Bitcoin,” Kraken’s withdrawal notice on the screenshot reads.…
Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report
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Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value – Economics Bitcoin News
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced Biden’s proposed budget for the 2023 fiscal year. According to marketwatch.com author Victor Reklaitis, the Biden administration’s inflation forecast “doesn’t look realistic.” Biden Administration Expects ‘Inflation Will Ease Over the Coming Year’ The Biden administration and White House economist, Cecilia Rouse, are predicting very low estimates as far as future…
Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner: Report
A high-ranking Russian official says that the nation is considering accepting Bitcoin (BTC) as payment for its fuel exports. According to a new report by the BBC, Zavalny, who is the Chairman of Russia’s Energy Committee, says that nations that are considered “friendly” toward Russia can pay for oil and gas using their own currencies. Zavalny adds that friendly nations such as China and Turkey can also opt to pay in Bitcoin. “We have been proposing to China for a long time to switch to settlements in national currencies for…
Sudan's Central Bank Warns Against Using Crypto as Economy Suffers: Report
The central bank said that cryptos carry high risks, which includes financial crimes, piracy and the loss of value. Source
Coinbase Said Near Deal to Buy Owner of Brazil’s Largest Crypto Exchange: Report
A transaction could be announced by the end of April, according to local newspaper Estadão. Source
Israel's Bank Leumi to Enable Crypto Trading: Report
Bank Leumi is offering this service in partnership with New York-based custody and trading platform Paxos. Source
Exxon Mobil is using excess natural gas to power crypto mining: Report
United States-based energy producer Exxon Mobil has reportedly been running a pilot program aimed at using the energy from excess gas to power crypto mining rigs — and it may be expanding its operations to four other countries. In a Thursday report, Bloomberg said Exxon Mobil had inked a deal with Crusoe Energy to use excess gas from oil wells in North Dakota to run Bitcoin (BTC) miners. The project reportedly uses 18 million cubic feet of natural gas per month — roughly 0.4% of the oil giant’s reported operations…