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âPay me in bitcoinâ has come true for National Football League player Russell Okung. Some 20 months and a 273% price increase after he first tweeted that demand in May 2019, Okung will be the first player from any major U.S. sports league to be paid in bitcoin. The arrangement comes by way of Zap, the bitcoin (BTC, +6.32%) startup...
A rampant bull run is punctuated by sellers above $28,000, with Bitcoin continuing to see wild volatility on Sunday. Bitcoin (BTC) hit all-time highs of $28,400 before crashing thousands of dollars on Dec. 27 â the latest chapter in its Christmas trading frenzy. BTC price dips $1,900 in minutes Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD gain and...
The U.S. Securities and Exchange Commission (SEC) ordered Tierion to pay back investors in its TNT tokens after finding the data verification startupâs $25 million initial coin offering (ICO) violated securities laws. TNT holders and ICO investors who sold their tokens at a loss have 60 days to ask Tierion for what is essentially a refund â at cost, plus...
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MoneyGram has yet to see any ânegative impactâ on its longstanding business arrangement with Ripple from the U.S. Securities and Exchange Commission (SEC)âs lawsuit against the latter company. âMoneyGram will continue to monitor the situation as it evolves,â a company spokesperson told CoinDesk in an emailed statement. âMoneyGram has continued to utilize its other traditional FX trading counterparties throughout the...
Cash App, the cash-transferal app of payments giant Square, is now allowing customers to get bitcoin back on every transaction. Previously, Cash App had only allowed clients to get U.S. currency back on transactions. In November, in the company's Q3 earnings report Square said Cash App generated $1.63 billion of bitcoin (BTC, +0.05%) revenue, up 11 times from the year-ago...
DeFi projects will form the foundation of the crypto economy in 2021 according to a report by DappRadar. DApp transaction volume has topped $270 billion so far in 2020, with 95% of this figure belonging to Ethereumâs DeFi ecosystem, according to DappRadar. Thatâs an astonishing 1178% increase from last yearâs total of $21 billion. The blockchain data provider revealed the...
New York-based Quontic Bank has become the first FDIC-insured financial institution to launch a bitcoin rewards checking program. Announced Tuesday, the program includes a bitcoin (BTC, +1.22%) rewards debit card (1.5% back), mobile app, access to ATMs, and mobile payments options like Google Pay and Apple Pay. The bank had to receive approval from the U.S. Office of the Comptroller...
"Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury," quipped Blockfolio. Crypto players were quick to respond to the news that hackers breached the U.S. Treasury Department. The incident happened less than a month after Donald Trump fired Department of Homeland Security cybersecurity chief Chris Krebs. However, Reuters stated that the hackers had been monitoring NTIA staff emails...
The company reportedly hopes to achieve "measured yet meaningful exposure to a growing economic aspect of our increasingly digital world." Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins â purportedly 5,470 Bitcoin (BTC) given the...
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