Disclaimer: Zion is a portfolio company of UTXO, a fund controlled by BTC Inc., the parent company of Bitcoin Magazine. Zion, the Web5-based social network, has unveiled an update that enables users to make bitcoin payments using the Lightning Network within their private, encrypted direct messages (DMs). With this integration,…
Amboss, a data analytics provider for the Bitcoin Lightning Network (LN), has introduced LINER (Lightning Network Rate), an innovative index designed to measure bitcoin returns on the Lightning Network and showcase its potential for low-risk enterprise yield. According to a press release shared with Bitcoin Magazine, LINER serves as a…
The U.S. Securities and Exchange Commission (SEC) has filed a complaint against cryptocurrency exchange Binance, accusing the company of violating federal securities laws. The SEC alleges that Binance, the world’s largest cryptocurrency exchange platform, unlawfully solicited U.S. investors to trade crypto asset securities on its platforms, Binance.com and Binance.US. Per…
Pouch.ph, a bitcoin payment firm launched in 2021, has announced that it is enabling over 400 small businesses to accept and process Bitcoin payments in the Philippines. According to a press release shared with Bitcoin Magazine, the platform aims to tap into the vast pool of merchants in the country,…
CleanSpark, Inc., a publicly traded bitcoin mining company, has released its May 2023 bitcoin mining and operations update, revealing significant growth in both its bitcoin holdings and revenue. The company’s bitcoin holdings grew by 44% in May, reaching a total of 451 BTC. Bitcoin mined during the month increased by…
In a recent interview with Bitcoin Magazine, Chief Lending Officer Chase Larson and CEO Jed Meyer of St. Cloud Financial Credit Union, based in Minnesota, discussed their experiences with Bitcoin and their efforts to develop a bitcoin custody solution at the credit union. Larson shared his personal journey with digital…
This is an opinion editorial by Jenna Hall, a content marketing specialist with residential real estate brokerage Redfin. You may have heard about how you can use bitcoin to buy a house, rent an apartment or save your wealth in an inflation-resistant way to make a down payment. But, beyond…
Voltage, a Lightning as a Service (LaaS) provider, has partnered with Google Cloud to expand its hosting capabilities and locations, enabling customers to create Bitcoin and Lightning Nodes globally. According to an announcement by Google Cloud, the collaboration will allow enterprises to leverage the Lightning Network’s real-time payment settlement with…
Gemini, a global cryptocurrency exchange, has announced its plans to acquire a cryptocurrency license in the United Arab Emirates (UAE) in a move to expand its services. Describing the UAE’s position as a forward-thinking financial hub, Gemini aims to tap into the country’s growing market. The company is committed to…
CleanSpark Inc. has announced the purchase of 12,500 Antminer S19 XP bitcoin mining machines for a total price of $40.5 million. The machines were acquired at a lower price than the current market average, costing $23 per terahash, according to a press release shared with Bitcoin Magazine. The purchase agreement…