Digital currencies

From $100 to $657 Billion Inflow Into Digital Asset Market: Survey Reveals Interest From Investment Funds Due to the New German Legislation

Retrieved on: 
Tuesday, August 3, 2021

MOSCOW, Aug. 3, 2021 /PRNewswire/ -- MINDSMITH, a tech think tank; OnGrid Systems, a blockchain and decentralized finance platforms developer; DEKIS, an interdisciplinary research group of the Catholic University of Ávila; and TigerTrade, an international trading platform, conducted a survey of experts and representatives of investment funds present in the German-speaking region of Europe, timed to coincide with the introduction of the new Fund Location Act. Starting from August 2, 2021, domestic special funds are allowed to invest up to 20% of the assets under management into crypto assets such as Bitcoin.

Key Points: 
  • Survey of 70+ DACH-focused funds, jointly conducted by MINDSMITH, OnGrid Systems, DEKIS and TigerTrade, showed that 46% are interested in digital assets and are ready to explore the digital asset market.
  • Within three years, it is possible to expect an inflow from $100 to $657 billion into the digital asset market only from the DACH region.
  • Starting from August 2, 2021, domestic special funds are allowed to invest up to 20% of the assets under management into crypto assets such as Bitcoin.
  • Chances are high that digital euro in addition to digital dollars, digital yuan and other CBDCs will do the job.

From $100 to $657 Billion Inflow Into Digital Asset Market: Survey Reveals Interest From Investment Funds Due to the New German Legislation

Retrieved on: 
Tuesday, August 3, 2021

MOSCOW, Aug. 3, 2021 /PRNewswire/ -- MINDSMITH, a tech think tank; OnGrid Systems, a blockchain and decentralized finance platforms developer; DEKIS, an interdisciplinary research group of the Catholic University of Ávila; and TigerTrade, an international trading platform, conducted a survey of experts and representatives of investment funds present in the German-speaking region of Europe, timed to coincide with the introduction of the new Fund Location Act. Starting from August 2, 2021, domestic special funds are allowed to invest up to 20% of the assets under management into crypto assets such as Bitcoin.

Key Points: 
  • Survey of 70+ DACH-focused funds, jointly conducted by MINDSMITH, OnGrid Systems, DEKIS and TigerTrade, showed that 46% are interested in digital assets and are ready to explore the digital asset market.
  • Within three years, it is possible to expect an inflow from $100 to $657 billion into the digital asset market only from the DACH region.
  • Starting from August 2, 2021, domestic special funds are allowed to invest up to 20% of the assets under management into crypto assets such as Bitcoin.
  • Chances are high that digital euro in addition to digital dollars, digital yuan and other CBDCs will do the job.

CleanSpark Provides Updates on Bitcoin Mining and Energy Operations

Retrieved on: 
Tuesday, August 3, 2021

SALT LAKE CITY, Aug. 3, 2021 /PRNewswire/ --CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), aclean Bitcoin mining and a diversified software and services company, today announced updates to a number of strategic initiatives related to its Bitcoin and Energy business units.

Key Points: 
  • SALT LAKE CITY, Aug. 3, 2021 /PRNewswire/ --CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), aclean Bitcoin mining and a diversified software and services company, today announced updates to a number of strategic initiatives related to its Bitcoin and Energy business units.
  • CleanBlok, the Company's Bitcoin mining division, now has over 7,500 of the latest generation mining units deployed with a hashrate capacity of over 740 PH/s, currently producing approximately 6 Bitcoin per day at today's difficulty rates.
  • CleanSpark expects to approach 2.0EH/s by the close of calendar 2021, and 3.2EH/s by the end of September 2022.
  • CleanSpark, Inc., aNevadacorporation, is an energy technology and clean Bitcoin mining Company that is focused on solving modern energy challenges.

LocalBitcoins Cuts Fees - Deposit fee 0€, transactions between users 0€

Retrieved on: 
Tuesday, August 3, 2021

This is in addition to offering free Bitcoin wallets and transactions between LocalBitcoins users.

Key Points: 
  • This is in addition to offering free Bitcoin wallets and transactions between LocalBitcoins users.
  • "LocalBitcoins offers a free Bitcoin wallet and free deposits and transactions between users .
  • Buying and selling Bitcoin on LocalBitcoins remains free, however LocalBitcoins charges a 1% fee from members who create advertisements.
  • "Requests for removing our deposit fee and clarifying our fee structure came from our loyal and trusted customers, and we delivered.

Marathon Digital Holdings Purchases 30,000 S19j Pro Bitcoin Miners from Bitmain

Retrieved on: 
Monday, August 2, 2021

Based on current delivery schedules, Marathon anticipates all 30,000 newly purchased miners to ship from Bitmain between January 2022 and June 2022.

Key Points: 
  • Based on current delivery schedules, Marathon anticipates all 30,000 newly purchased miners to ship from Bitmain between January 2022 and June 2022.
  • As a result, the Companys mining operations are expected to consist of more than 133,000 Bitcoin miners, producing approximately 13.3 EH/s once all miners are fully deployed and operational.
  • Wed like to thank the team at Bitmain for expediting this order as we work to further scale our operations and establish Marathon as one of the leading Bitcoin miners in North America.
  • Marathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.

Paysafe To Acquire PagoEfectivo

Retrieved on: 
Monday, August 2, 2021

Paysafe (NYSE:PSFE), a leading specialized payments platform, today announces that it has signed a definitive agreement to acquire PagoEfectivo, a market-leading, Peruvian alternative payments (APM) platform.

Key Points: 
  • Paysafe (NYSE:PSFE), a leading specialized payments platform, today announces that it has signed a definitive agreement to acquire PagoEfectivo, a market-leading, Peruvian alternative payments (APM) platform.
  • As part of the deal, the PagoEfectivo team, including CEO, Juan Fernando Villena, will join Paysafe and become part of the companys growing global eCash and online banking solutions team.
  • Paysafe Limited (Paysafe) (NYSE:PSFE) (PSFE.WS) is a leading specialised payments platform.
  • Paysafe Limiteds (Paysafe, PSFE or the Company) actual results may differ from their expectations and estimates and, consequently, you should not rely on these forward-looking statements as predictions of future events.

BSV blockchain sets new world record for daily average block size

Retrieved on: 
Monday, August 2, 2021

ZUG, Switzerland, August 2, 2021 /PRNewswire/ -- Bitcoin Association , the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, today confirms that the Bitcoin SV (BSV) blockchain has set a new world record for the highest daily average block size on a Bitcoin network.

Key Points: 
  • ZUG, Switzerland, August 2, 2021 /PRNewswire/ -- Bitcoin Association , the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, today confirms that the Bitcoin SV (BSV) blockchain has set a new world record for the highest daily average block size on a Bitcoin network.
  • On July 31, 2021, the average block size on the BSV network during that 24-hour period was 45.87 MB (megabytes); in comparison, the BTC network had an average block size of 753.58 kB (kilobytes) during that same 24-hour period more than 60 times smaller than that seen on BSV (reported data from coin.dance ).
  • The record-breaking day is the third in the last two months for the BSV network, which also saw new record daily averages on June 8 with 17.39 MB and then again on June 25 with 35.08 MB.
  • The growing average block size on the BSV blockchain is a direct effect of the number and types of transactions being carried out on the BSV network, which supports both financial and data transactions.

BSV blockchain sets new world record for daily average block size

Retrieved on: 
Monday, August 2, 2021

ZUG, Switzerland, August 2, 2021 /PRNewswire/ -- Bitcoin Association , the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, today confirms that the Bitcoin SV (BSV) blockchain has set a new world record for the highest daily average block size on a Bitcoin network.

Key Points: 
  • ZUG, Switzerland, August 2, 2021 /PRNewswire/ -- Bitcoin Association , the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, today confirms that the Bitcoin SV (BSV) blockchain has set a new world record for the highest daily average block size on a Bitcoin network.
  • On July 31, 2021, the average block size on the BSV network during that 24-hour period was 45.87 MB (megabytes); in comparison, the BTC network had an average block size of 753.58 kB (kilobytes) during that same 24-hour period more than 60 times smaller than that seen on BSV (reported data from coin.dance ).
  • The record-breaking day is the third in the last two months for the BSV network, which also saw new record daily averages on June 8 with 17.39 MB and then again on June 25 with 35.08 MB.
  • The growing average block size on the BSV blockchain is a direct effect of the number and types of transactions being carried out on the BSV network, which supports both financial and data transactions.

SkyBridge Buys Carbon Offsets to Green Bitcoin Holdings

Retrieved on: 
Monday, August 2, 2021

NEW YORK, Aug. 2, 2021 /PRNewswire/ --SkyBridge Capital ("SkyBridge") has partnered with MOSS Earth to purchase and immediately retire tokens representing approximately 38,436 tons of carbona transaction that offsets the estimated historic carbon footprint of the bitcoin currently held across its products firm-wide, including its multi-strategy funds and the First Trust SkyBridge Bitcoin Fund.

Key Points: 
  • NEW YORK, Aug. 2, 2021 /PRNewswire/ --SkyBridge Capital ("SkyBridge") has partnered with MOSS Earth to purchase and immediately retire tokens representing approximately 38,436 tons of carbona transaction that offsets the estimated historic carbon footprint of the bitcoin currently held across its products firm-wide, including its multi-strategy funds and the First Trust SkyBridge Bitcoin Fund.
  • "We project that bitcoin mining will be fully renewable by the end of the decade" said Anthony Scaramucci, Founder and Managing Partner of SkyBridge.
  • "In the interim, carbon offsets represent an effective way to green the bitcoin network and facilitate adoption by ESG-minded investors."
  • SkyBridge was introduced to MOSS by One River, a fellow institutional bitcoin investor, and appreciates the contribution One River and others, particularly Climate Vault, have made to "greening" bitcoin.

Form S-4 Filed in Connection with the Proposed Business Combination of Bitcoin Miner TeraWulf Inc. and IKONICS Corporation

Retrieved on: 
Monday, August 2, 2021

By leveraging nuclear, hydro and solar power to provide low-cost, reliable and zero-carbon energy, TeraWulf can offer the most attractive economics of any bitcoin miner.

Key Points: 
  • By leveraging nuclear, hydro and solar power to provide low-cost, reliable and zero-carbon energy, TeraWulf can offer the most attractive economics of any bitcoin miner.
  • Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its predecessor companies since 1993.
  • Nazar Khan is the Chief Operating Officer and the Chief Technology Officer of TeraWulf and also serves on the board of directors of TeraWulf.
  • In connection with the proposed business combination between IKONICS and TeraWulf as more fully described in the current report on Form 8-K filed by IKONICS with the SEC on June 25, 2021, IKONICS has filed a combined preliminary proxy statement and registration statement on Form S-4 on July 30, 2021.