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,…
Coinbase, one of the leading cryptocurrency exchanges, has been charged by the Securities and Exchange Commission (SEC) for operating as an unregistered national securities exchange, broker and clearing agency. The SEC also accused Coinbase of failing to register its crypto asset staking-as-a-service program. The complaint alleges that since 2019, Coinbase…
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…
Disclaimer: BTC Inc. is the parent company of both Bitcoin Magazine and The Bitcoin Conference. Bitcoin Magazine’s Bitcoin 2023 conference in Miami Beach concluded as a resounding success, demonstrating the growing significance of Bitcoin in the financial world. The event witnessed notable participation from U.S. presidential candidates and generated enthusiasm,…
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,…
The country of El Salvador is tapping into its abundant natural resources to create “Volcano Energy.” According to a press release sent to Bitcoin Magazine, the aim is to position the country as a major global player in the Bitcoin mining industry while promoting energy competitiveness, diversification and geographic expansion…
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…
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…