Bitcoin shot above $44,000 on Monday (Feb. 8), after Tesla revealed in a filing that it had purchased $1.5 billion of bitcoin, CNBC reported. Tesla is also considering allowing bitcoin as a method of payment for its products. Tesla CEO Elon Musk caused a similar...
Bitcoin has gotten a further boost to its image as Twitter CEO Jack Dorsey posted a picture of his computer running bitcoin “node” software. CNet reported that he let the world know through a tweet. A node helps to validate cryptocurrency transactions and also stores...
Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced on Friday (Feb. 5). The charter will allow for Protego clients to hold, trade, issue and lend digital assets. The...
Metal Pay, a U.S.-based peer-to-peer (P2P) cryptocurrency payments platform, has filed for a national bank charter with the Office of the Comptroller of the Currency (OCC), CoinDesk reported. The bank would be named the “First Blockchain Bank and Trust, N.A.” and incorporated in South Dakota,...
Digital money platform Uphold has acquired Optimus Cards UK, which works in debit and credit card issuing in the U.K. and Europe, according to a press release. Optimus is an electric money institution and regulated by the Financial Conduct Authority (FCA). It serves customers in...
Crypto exchange Gemini is partnering with digital currency lender Genesis to give its users 7.4 percent annual percentage yield (APY) on their digital holdings, CoinDesk reported. The partnership is part of Gemini’s push to encourage customers to hold their cryptocurrency on its exchange. The offering...
A man has agreed to plead guilty to running an unlicensed company exchanging tens of millions of dollars in bitcoin or cash, a press release from the Department of Justice U.S. Attorney’s Office of the Central District of California stated. Hugo Sergio Mejia, 49, of...
India is looking into a new bill that could ban private cryptocurrencies in favor of a national digital coin, a report says. The bill, titled the “Cryptocurrency and Regulation of Official Digital Currency Bill,” could create a framework in which the official digital currency is...
Argentinian farmers, struggling amid a spate of hyperinflation and the economic effects of the pandemic, could end up finding relief through tokenization of agricultural assets with blockchain, CoinDesk reported. CoreLedger, a blockchain infrastructure provider, along with Abakus, a soon-to-be-launched peer-to-peer (P2P) marketplace, will provide the...