Mt Pelerin, a Swiss-based cryptocurrency exchange, has announced new support for the Bitcoin’s Lightning Network on their app. The press release sent to Bitcoin Magazine describes how “users can now get Bitcoin directly on the Lightning network easily, by card or bank transfer, spend, receive and manage their sats with Mt Pelerin’s mobile app Bridge … Read more
Regulated Swiss non-custodial Bitcoin app Relai has announced the launch of “Relai Business,” a new OTC service aimed at business clients. According to the release sent to Bitcoin Magazine, Relai Business will allow small to medium-sized businesses to purchase bitcoin within one day. The service is Relai’s second OTC solution, with the first, Relai Private, … Read more
Kazakhstan was, at its height, the second-largest Bitcoin mining nation on earth. Then, within a year, it capitulated. While mainstream news commentators were quick to pick through the reasons for why Kazakh authorities turned against Bitcoin mining operations, the consequence this had on the greening of the network went unreported. But because Kazakhstan is fuelled … Read more
Blockstream has announced they’ve raised $125 million in convertible note and secured loan financing with the aim of expanding their institutional bitcoin mining services. The raise was led by Kingsway Capital along with other investors including Fulgur Ventures. According to the announcement, Blockstream will use the capital raised to expand their bitcoin mining facilities “in … Read more
Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo. According to the press release sent to Bitcoin Magazine, Genesis Coin’s technology powers over 35% of all bitcoin ATM transactions around the world. Barnard and Carrillo built … Read more
Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the announcement, the firm aims to enact “a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.” In November 2022, Genesis Global Capital halted their operations, freezing withdrawals … Read more
Bitcoin mining firm CleanSpark has announced the start of construction on a site in Washington, Georgia, set to house 16,000 miners, which could bring the company’s hash rate total to as high as 8.7 EH/s. The site, which CleanSpark announced the acquisition of in 2022, would contribute to an additional 2.2 EH/s of hash rate … Read more
Cryptocurrency exchange Okcoin, alongside partner investment firm Paradigm, has announced a new set of funding for Bitcoin Core contribution. The funds will be directed into a grant for Core maintainer Marco Falke, who Okcoin has supported in the past, in 2021 and in 2020. Okcoin has also previously provided support for Lightning developer Antoine Riard … Read more
ZEBEDEE, a bitcoin-powered payment processing system for the gaming industry, and VIKER, a mobile games studio pioneering in the play-to-earn space, have announced the launch of two additional games in their repertoire of Bitcoin titles. Bitcoin Chess (iOS and Android) and Bitcoin Scratch (iOS and Android) are both available now on the two respective app … Read more
Sazmining, a bitcoin mining hosting solution provider, has launched their first hydroelectric-powered mining facility in Wisconsin, providing the company with a carbon-neutral source of electricity. According to a press release sent to Bitcoin Magazine, the facility will house 350 mining rigs. These will be powered by the natural flow of a nearby river running through … Read more