Month: February 2022

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Read more …

Leading U.S. companies can now offer their employees the option to get paid in bitcoin by opting into NYDIG’s newly launched product, Bitcoin Savings Plan. The offering is an employee benefit program through which the worker can choose what percentage of their paycheck they would like to receive in bitcoin each month, at no additional cost. NYDIG said in a Tuesday statement that the Bitcoin Savings Plan is catered to companies that want to differentiate themselves by offering their employees Read more …

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Source

Bitcoin is deliberate, predictable, open, and transparent, features that set it apart from every other decentralized network in existence, said Jack Dorsey, the CEO of financial services company Block and ex-CEO of Twitter. Dorsey joined Michael Saylor, CEO of software intelligence company MicroStrategy, for a conversation about Bitcoin, finance, Block, Twitter, and Facebook, now called Meta, in a Tuesday online event –– Bitcoin for Corporations. When asked why Block, previously known as Square, is focusing each day more on Bitcoin, Read more …

Solana was trading close to 15% higher on Tuesday, as crypto markets were mostly in the green to start February. This comes as markets look set to move past January’s red wave. Biggest gainers Cryptocurrency markets were mostly bullish during Tuesday’s session, with several projects seeing their value rise to start the new month. One of these was solana (SOL), which, as of writing is up 14.04%, hitting an intraday high of $108.32 in the process. This move comes as Read more …

The crypto asset and exchange-traded fund (ETF) manager Wisdomtree has revealed the company is launching a new digital wallet called Wisdomtree Prime, which will allow users to hold crypto assets, blockchain-enabled funds, tokenized versions of commodities like gold, and access to stocks or bonds based on Wisdomtree’s indexes. Wisdomtree to Launch Prime Wallet in Q2, 2022 On January 28, the crypto asset and fund manager Wisdomtree revealed the launch of a new product called Wisdomtree Prime. According to the announcement, Read more …

Credit to Hannah Cron from Lumination Network During the summer of 2021, the Sigma Alpha fraternity at Lipscomb University decided to put a large percentage of their cash reserves into bitcoin, hold it on their balance sheet, and to accept dues in bitcoin through the Lightning Network. It unanimously passed and was implemented shortly after. At the peak of the move in November, the Sigma Alpha treasury had risen 70% in value from their original purchase. I am thrilled to Read more …

Not one, nor two, but three small bitcoin miners were able to find valid block hashes and add new blocks to the Bitcoin blockchain while mining solo in a two-week span last month, a string of events with such small odds of happening that many in the Bitcoin community were left wondering how it could even be possible. Bitcoin Magazine talked with Con Kolivas, the creator and administrator of Solo CK Pool, a bitcoin mining pool software project geared toward Read more …

Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable virtual goods” featuring “footwear, clothing, sports bags, sports equipment, and accessories for use in online worlds.” Sneaker Manufacturer Files for New Balance-Branded Virtual Shoes, Clothing, and Sports Equipment Trademarks The American sports footwear and apparel brand established Read more …

The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income Indian Finance Minister Nirmala Sitharaman proposed taxing income from cryptocurrencies and other digital assets at 30% while presenting the federal budget Tuesday. She said: I Read more …

Listen To This Episode: Bitcoiners like to read. Something about the knowledge expansion offered by Bitcoin is addicting — and in the pursuit of learning, there is no substitute for reading. And for all of the wonderful Bitcoin knowledge and related knowledge we have, it must have been written! As Shawn Amick explained, he takes his writing seriously because it may be people’s first encounter with Bitcoin. In our interview, he talked about how reading is the best way for Read more …

I am a financial advisor, and my clients have owned bitcoin since 2019. In the last couple of years, several of them have expressed concern about Bitcoin’s ESG credentials. How ironic. My analysis indicates that bitcoin is not only more ESG-friendly than you’ve heard, but that it is probably the most ESG-positive investment in my clients’ portfolios. Here’s why. Environmental There are several ways in which Bitcoin is a net positive for the environment, not a net negative. At minimum, Read more …