Tag: Business

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After passing $1T in crypto transactions, Blockchain.com CFO hints at going public in 2023

Crypto exchange Kraken and stablecoin-focused company Circle have also said they are considering public listings. Macrina Kgil, chief financial officer of crypto wallet provider and exchange Blockchain.com, said an initial public offering for the platform could happen as early as 2023. In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an initial…
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Bitcoin bull launches pizza company that doesn’t accept crypto payments

A guy based in New York City who loves Domino’s is launching a pizza brand based on a Papa John’s event that doesn’t accept the crypto he espouses. Just days before the anniversary of Bitcoin Pizza Day, Bitcoin proponent Anthony ‘Pomp’ Pompliano has launched a pizza company aimed at supporting small business and the Human…
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‘Crypto for COVID’: Indian neobank aims to feed those affected by pandemic

In the middle of a spike in cases, more than 4,000 people are dying in India every day as a direct result of the pandemic. Cashaa, a crypto banking platform with physical branches across India, is launching an initiative aimed at bringing crypto enthusiasts together to provide food supplies to those most affected by the…
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Bank of America partnership with Paxos will allow same-day trade settlements

Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days. The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades. According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform…
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‘Cash, candy or Bitcoin’: Paying minors in 2021

“We want our kids to be able to think independently about money,” said Eddie Yoon. A Bloomberg contributor will be paying his son Bitcoin in exchange for chores above and beyond his usual scope, but he is seemingly unable to decide on the best means of payment. In an opinion piece today, Eddie Yoon said…
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Caitlin Long reveals the ‘real reason’ people are selling crypto

“Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets,” said Long. The founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin’s reserves may have contributed to the altcoin selloffs last week. In a series of Saturday tweets, Caitlin Long said that Tether…
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Israel’s central bank floats possible digital shekel with new action plan

The bank has been exploring the introduction of a CBDC since 2017. The Bank of Israel is accelerating its research for the potential issuance of a central bank digital currency, or CBDC.  In a statement from the central bank on Tuesday, the Bank of Israel said it was preparing an action plan to explore the…
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Data analytics giant Palantir now accepts Bitcoin payments

The firm added Bitcoin was “definitely on the table” as consideration for a treasury reserve asset. Palantir, a $30-billion Colorado-based data analytics company founded by billionaire Peter Thiel, now accepts Bitcoin from clients as a form of payment. According to a CNBC report on Tuesday, Palantir said during its earnings call for the first quarter…
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Online marketplace eBay to allow NFT sales

A representative said that eBay “will add new capabilities that bring blockchain-driven collectibles” to the platform. Online marketplace eBay has introduced auctions for nonfungible tokens, or NFTs, to its platform. According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list NFTs. The company added that it…
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HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies

Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property. Crypto mining firm HIVE Blockchain Technologies sold one of its data centers in the Norwegian municipality of Narvik, which it previously held since 2018. In an announcement on Monday, HIVE said it had transferred…
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