Bitcoin bank Custodia is suing the Federal Reserve for delays in the approval process to acquire a “Master Account.” Having a master account allows the bank access to greater capacity for products and services while significantly reducing costs. The process has been delayed 19 months and the Federal Reserve states that applicants are typically… Read More »
Crusoe, a bitcoin mining company, is deploying equipment in Muscat, Oman to capture flared gas. The Oman Investment Authority in the Middle East was part of an April funding round that saw Crusoe raise $350 million. The MENA region accounts for 38% of the world’s flared gasses. Crusoe Energy, a U.S. firm that specializes… Read More »
In 1873, Mark Twain and Charles Dudley Warner copublished the novel, “The Gilded Age: A Tale of Today.” While the text doesn’t receive the recognition it should, possibly as a result of the direct attack on American politics, it’s a brilliant piece of literature that Bitcoiners may find amusing. In any event, I strongly… Read More »
Global payment giant PayPal is doing its best to bring all possible blockchain and cryptocurrency integrations to its services, according to a senior executive at the firm. PayPal is working hard on supporting all possible digital services, including digital currencies and central bank digital currencies (CBDC), vice president Richard Nash said in an exclusive… Read More »
One of the largest landowners in Texas has partnered with a digital infrastructure provider and bitcoin miner for a mining facility in West Texas. The mining venture will see up to 60 MW of bitcoin mining capacity. JAI Energy is the largest bitcoin mining farm in the state of Wyoming. Texas Pacific Land Corporation… Read More »
News emerged overnight of the potential theft of more than US$326 million (A$457.7 million) of Ethereum tokens from a blockchain bridge (which connects two blockchains so cryptocurrency can be exchanged between them). It’s no surprise. Crypto crime has been on the rise – especially since the pandemic began. How are these crimes committed? And… Read More »
Jack Henry and Associates has partnered with NYDIG to enable its 7 million bank users access to bitcoin. Jack Henry will use its existing SaaS platform to enable payments to and from NYDIG. This service offers a new revenue stream for banking institutions and credit unions. Fintech software company Jack Henry & Associates, Inc.… Read More »
Chapter 4 of the JBP series. Unless noted otherwise quotes are from Jordan B. Peterson. The series continues. If you’ve not yet read parts one through three, you can find them here. The fourth chapter of Jordan Peterson’s “12 Rules for Life” is titled, “Compare Yourself To Who You Were Yesterday, Not To Who… Read More »
Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues. Bulls pin hopes on history Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 on the evening of May 3. A subsequent bounceback saw the… Read More »
Bitcoin (BTC) is facing calls for a significant price dip this week, and while some favor $30,000, there may be a safer bottom to long BTC. In a tweet on April 28, on-chain analysis platform Whalemap used whale support to determine where “many” investors should enter the market. Should hodlers hope for “max pain”?… Read More »