According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his … Read more
According to an announcement on its website, the peer-to-peer Bitcoin platform will be shutting down before the end of February 2023. LocalBitcoins has announced that the exchange will be closed for service by the end of February. The long-time Bitcoin trading service was the first peer-to-peer (P2P) transaction platform for many Bitcoiners. Launched in June … Read more
LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers. Once the acquisition is approved by regulatory authorities, LevelField Financial will be able to expand its services and products nationwide. The firm would offer customers a full suite of products and services, from traditional … Read more
Luxor has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access. Luxor Technologies, a full-stack Bitcoin mining software and services company, has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware. The press release sent to Bitcoin Magazine describes what an RFQ platform is, … Read more
Strike, the leading digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines. This will allow for fast, secure and low-cost money transfers between the U.S. and the Philippines, which is one of the world’s largest remittance markets. The Philippines relies on more than $35 … Read more
ZEBEDEE, a leading fintech payment processor for the gaming industry, and Stattrak, the play-and-earn fantasy esports platform, announced the launch of a new product aimed at fans of esports worldwide. The product offers fans the ability to assemble their own fantasy teams in popular games like Counter Strike: Global Offensive, League of Legends, Valorant, Rainbow … Read more
Twitter is prepping for payments, and bitcoin might be in the mix. According to a Financial Times report, Elon is open to adding BTC and crypto to its Twitter payments vision. While the “super app” vision would prioritize fiat, its future will likely include the alternative payment method. Elon Musks’ Twitter has reportedly begun applying … Read more
Mastercard and Binance have announced the launch of a bitcoin and crypto backed prepaid card in Brazil, Latin America’s largest economy. According to a blog post, the Binance Card is currently in beta testing and is expected to be widely available in the country in the next few weeks. The Binance Card is currently already … Read more
Strike CEO Jack Mallers has taken to Twitter to announce that Strike is now an integrated partner with payments giant Fiserv, parent company of Clover. Subsequently, Strike has launched a pilot integration with Clover allowing merchants to accept bitcoin over the Lightning Network. According to his announcement, the integration is not limited to Strike. Instead, … Read more
BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.” “BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits … Read more