Economics of bitcoin

Canaan Advances Strategic Partnership With Genesis Digital Assets via Sale of 10,000 Bitcoin Mining Machines

Retrieved on: 
Wednesday, June 16, 2021
Payment systems, Cryptocurrencies, Bitcoin, Digital currencies, Currency, Economics of bitcoin, Legality of bitcoin by country or territory

According to the terms of the Order, the Company will deliver the Bitcoin mining machines to Genesis Digital Assets in full by June 30, 2021.

Key Points: 
  • According to the terms of the Order, the Company will deliver the Bitcoin mining machines to Genesis Digital Assets in full by June 30, 2021.
  • Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "We are excited to announce this additional purchase order from Genesis Digital Assets.
  • Genesis Digital Assets Limited is one of the world's largest and most experienced Bitcoin mining companies.
  • Since 2013, Genesis Digital Assets and its legal predecessors have built over 20 industrial-scale Bitcoin mining farms, brought over 250,000 miners online, and mined over US$1 billion in Bitcoin.

LQwD Announces Acquisition of Bitcoins to Fuel Lightning Network Operations

Retrieved on: 
Tuesday, June 15, 2021
Cryptocurrencies, Bitcoin, Payment systems, Articles, Technology, Digital currencies, Decentralization, Lightning Network, Blockchain, Economics of bitcoin, Blockstream

VANCOUVER, BC, June 15, 2021 /PRNewswire/ - LQwD FinTech Corp. ("LQwD" or the "Company") (TSXV: LQWD ) (OTC: INLAF ) announces that it has it has purchased C$2,500,000 worth of Bitcoin, at approximately C$46,500 (US$38,000) per Bitcoin since closing its previously announced acquisition of LQwD Financial Corp.

Key Points: 
  • VANCOUVER, BC, June 15, 2021 /PRNewswire/ - LQwD FinTech Corp. ("LQwD" or the "Company") (TSXV: LQWD ) (OTC: INLAF ) announces that it has it has purchased C$2,500,000 worth of Bitcoin, at approximately C$46,500 (US$38,000) per Bitcoin since closing its previously announced acquisition of LQwD Financial Corp.
  • "LQwD is focused on developing enterprise grade infrastructure for the Lightning Network to drive Bitcoin adoption.
  • The Lightning Network is a scalable Layer 2 solution built on top of the Bitcoin blockchain.
  • LQwD is a Canadian-based financial technology company that develops payment network infrastructure and solutions on top of the Lightning Network.

Article Details The Struggle of Bitcoin Amidst Reductive Regulation

Retrieved on: 
Tuesday, June 15, 2021
Payment systems, Cryptocurrencies, Bitcoin, Digital currencies, Currency, Exonumia, Economics of bitcoin, Legality of bitcoin by country or territory

Gryphon Digital Mining, their joint venture, is motivated to promote collaboration between industry officials and government regulators to create productive dialogues and reach mutually-agreeable decisions.

Key Points: 
  • Gryphon Digital Mining, their joint venture, is motivated to promote collaboration between industry officials and government regulators to create productive dialogues and reach mutually-agreeable decisions.
  • Instead many lean on narratives that bitcoins are utilized by criminals, are too volatile compared to "trusted" legacy assets, and that bitcoin is a driving factor behind climate change.
  • This means that yes, while bitcoin utilizes a large amount of energy, it proportionally brings more global commerce than some countries do.
  • With their venture of Gryphon Digital Mining , they are recruiting partners to create the world's largest and fully integrated pure-play bitcoin miner with a zero-carbon footprint.

Global Bitcoin Technology Market 2021- Growth, Trends and COVID-19 Impact - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 15, 2021
Technology, Other Technology, Payment systems, Cryptocurrencies, Bitcoin, Digital currencies, Currency, Cryptography, Economics of bitcoin

The "Bitcoin Technology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Bitcoin Technology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
  • The bitcoin technology market registered a CAGR of 8.3% over the forecast period 2021 - 2026.
  • The global bitcoin technology market was valued at USD 273 million, in 2018.
  • The bitcoin market is fragmented with startups coming up in the last 5 years which are offering commercial activities related to bitcoin.

DGAP-News: Bitcoin Group SE publishes 2020 annual report - earnings per share increase by 342%

Retrieved on: 
Monday, June 14, 2021
Payment systems, Cryptocurrencies, Bitcoin, Cryptography, Digital currencies, Money, Decentralization, Economics of bitcoin, Legality of bitcoin by country or territory, Bitcoin Group SE, Bitcoin.de, BITCOIN GROUP SE, BITCOIN.DE

Herford, June 14, 2021 - Bitcoin Group SE (ISIN DE000A1TNV91 ) today presented its annual report for the 2020 financial year.

Key Points: 
  • Herford, June 14, 2021 - Bitcoin Group SE (ISIN DE000A1TNV91 ) today presented its annual report for the 2020 financial year.
  • Bitcoin Group SE generated revenues of EUR 15.0 million in the 2020 financial year, compared to EUR 6.3 million in 2019.
  • Bitcoin Group SE's strong growth was accompanied by a massive increase in demand for cryptocurrencies in the financial year 2020.
  • The English version of the annual report report 2020 will be available by the end of June 2021.

Blockcap Joins Leading Digital Asset Firms in Announcing Bitcoin Mining Council

Retrieved on: 
Thursday, June 10, 2021
Bitcoin, Payment systems, Cryptocurrencies, Articles, Money, Digital currencies, Decentralization, Blockchain, Marathon Digital Holdings, Economics of bitcoin, Bitcoin Unlimited

AUSTIN, Texas, June 10, 2021 /PRNewswire/ -- Blockcap , Inc. ("Blockcap"), one of North America's largest blockchain technology companies, today announced it has joined the Bitcoin Mining Council (BMC).

Key Points: 
  • AUSTIN, Texas, June 10, 2021 /PRNewswire/ -- Blockcap , Inc. ("Blockcap"), one of North America's largest blockchain technology companies, today announced it has joined the Bitcoin Mining Council (BMC).
  • This voluntary forum aims to provide educational resources, transparency and best practices regarding bitcoin mining and the many benefits the Bitcoin network provides to users globally.
  • As one of the largest bitcoin mining operations in the United States, Blockcap is a founding member of the BMC, alongside Argo Blockchain, Core Scientific, Hive, Hut8, Marathon Digital Holdings, Microstrategy, Riot and Galaxy Digital.
  • The Blockcap mining division operates one of the world's largest bitcoin mining operations, accounting for nearly 1 percent of all the Bitcoin network transactions.

Miami-Based Tech Startup Named Pitch Day Finalist at Bitcoin 2021

Retrieved on: 
Thursday, June 10, 2021
Payment systems, Cryptocurrencies, Bitcoin, Digital currencies, Currency, Economics of bitcoin, Legality of bitcoin by country or territory

MIAMI, June 10, 2021 /PRNewswire/ -- Citizens of Bitcoin, an exclusive membership-based, globally-diversified platform connecting Bitcoin investors to attractive international investment opportunities, was recently named a Pitch Day finalist at the Bitcoin 2021 conference in Miami, the world's largest crypto event to date.

Key Points: 
  • MIAMI, June 10, 2021 /PRNewswire/ -- Citizens of Bitcoin, an exclusive membership-based, globally-diversified platform connecting Bitcoin investors to attractive international investment opportunities, was recently named a Pitch Day finalist at the Bitcoin 2021 conference in Miami, the world's largest crypto event to date.
  • Citizens of Bitcoin was one of 12 startup finalists selected from nearly 150 that applied for Pitch Day.
  • It was also the only Miami-based firm chosen, a distinction that puts the tech startup in the upper echelon of the Magic City's emerging crypto community.
  • "Citizens of Bitcoin was honored to participate in Bitcoin 2021, right here in Miami, our hometown and 'the Capital of Capital,'" said Caceres, who serves as CEO.

Is Bitcoin a Scam? Bitcoin of America CEO Responds to Former President Donald Trump

Retrieved on: 
Thursday, June 10, 2021
Payment systems, Bitcoin, Cryptocurrencies, Digital currencies, Currency, Financial Crimes Enforcement Network, Legality of bitcoin by country or territory, Economics of bitcoin

CHICAGO, June 10, 2021 /PRNewswire/ - Former President, Donald Trump, did an interview with Fox Business and gave his opinion on Bitcoin.

Key Points: 
  • CHICAGO, June 10, 2021 /PRNewswire/ - Former President, Donald Trump, did an interview with Fox Business and gave his opinion on Bitcoin.
  • One of his reasons for not supporting Bitcoin is that it's competing against the US Dollar.Sonny Meraban, CEO of Bitcoin of America , had a strong reaction to Trump calling Bitcoin "a scam against the dollar".
  • "As one of the world's largest owners/operators of Bitcoin automated teller machines, I beg to differ"Sonny Meraban says.
  • Registered as a money services business with the United States Department of Treasury, (FinCEN) Bitcoin of America offers several different services including Bitcoin ATMs, Bitcoin Tablets, and an online exchange.

Shells Adds Cryptocurrency Payment Option with BitPay

Retrieved on: 
Wednesday, June 9, 2021
Software, Internet, Finance, Banking, Data management, Professional services, Technology, Mobile, Wireless, Payment systems, Cryptography, Cryptocurrencies, Money, Digital currencies, Decentralization, BitPay, Private currencies, Bitcoin, Economics of bitcoin, Draft:Bitcoin Suisse, Shells:, BitPay, SHELLS:, BITPAY

Shells , a new virtual cloud desktop startup, today announced the company is accepting cryptocurrency payments using BitPay , the worlds largest provider of Bitcoin and cryptocurrency payment services.

Key Points: 
  • Shells , a new virtual cloud desktop startup, today announced the company is accepting cryptocurrency payments using BitPay , the worlds largest provider of Bitcoin and cryptocurrency payment services.
  • BitPay enables Shells to accept cryptocurrency as a form of payment without having to buy, own or manage crypto.
  • We firmly believe in it, so it only made sense to accept it as a form of payment for our service, said Alex Lee, CEO of Shells.
  • Shells benefits by adding cryptocurrency to its payment options while reducing high fees increasing payment transparency and efficiency.

EEB - Energy Efficient Bitcoin Fully Fungible Token Launches to Provide Installation Finance for Oairo's Energy Efficiency Projects

Retrieved on: 
Tuesday, June 8, 2021
Bitcoin, Payment systems, Cryptocurrencies, Articles, Digital currencies, Energy, Energy conservation, Energy industry, Economics of bitcoin

That puts the digital currency roughly in line with the energy use of countries such as Argentina, Malaysia, and Sweden.

Key Points: 
  • That puts the digital currency roughly in line with the energy use of countries such as Argentina, Malaysia, and Sweden.
  • The (Energy Efficient) Bitcoin produced will provide source capital for installation finance of Oairo projects worldwide, eliminating unnecessary electricity consumption.
  • "EEB will not only produce the most (Energy Efficient) Bitcoin ever, but we will also test and develop a protocol the EEB protocol that will be a best practices guide for the Bitcoin community to optimize energy efficiency within Bitcoin mines," Allen continued.
  • The financing that (Energy Efficient) Bitcoin will be able to provide will offer many multiples of energy savings as a result of installing Oairo technology globally.