More than 53 million Brazilian customers can now buy bitcoin through the country’s largest digital bank, Nubank, backed by Warren Buffett. Brazil’s largest digital bank, Nubank, has launched bitcoin purchasing capabilities for all of its 53.9 million customers. The Warren Buffett-backed fintech announced the feature in May via a blog post, mentioning how the option…
Software giant MicroStrategy continues to suffer thanks to its ongoing ties to bitcoin. The world’s number one digital currency by market capitalization has been seeing a series of big losses in recent weeks that have finally seen all of its 2021 gains disappear over the course of a few months, and now it looks like…
Bybit, a cryptocurrency exchange based in Singapore, has announced that it will expand its operations to Argentina. The exchange wants to offer Argentine citizens another platform to transact given the popularity enjoyed by the cryptocurrency industry in the country. The exchange will also have a dedicated team to support Argentine operations. Bybit lands in Argentina…
Cryptocurrency exchange FTX is investing hundreds of millions of dollars in leading digital asset lender BlockFi as well as acquiring equity clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter why the exchange saw BlockFi as a good investment opportunity during the cryptocurrency market downturn. “Today we are pumping $250 million into BlockFi and…
Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states that Binance did not…
One of the largest carbon emitters in the world, Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flue gas for Bitcoin mining. The Russian government continues to forge ties with major players in the cryptocurrency mining industry, despite remaining skeptical about legalizing cryptocurrency trading and payments. Russia’s state-owned gas giant…
Blockchain analytics platform Nansen has launched and released its latest product, one that is a little different than what it has been offering in recent years: a Web3-based encrypted messaging app. Dubbed Nansen Connect, the app is designed with end-to-end encryption for messages, just like Telegram and Signal. The app is unique in that it…
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On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to…
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