Author: Shawn Amick

Fidelity Considers Allowing Individual Investors To Buy Bitcoin – Bitcoin Magazine

[ad_1] Fidelity Investments is considering allowing individual investors to buy bitcoin. Investors would be able to purchase the asset through the company’s online brokerage. Fidelity has over 34 million individual investors on its platform. Fidelity Investments is reportedly considering allowing individual investors to invest in bitcoin on its brokerage platform, per a report from the […]

Palazzo Versace Dubai Now Accepts Bitcoin – Bitcoin Magazine

[ad_1] Palazzo Versace Dubai is now accepting bitcoin for goods and services in the UAE. Customers can pay for events, spa experiences, and other services on site with the Binance app. The resort plans to launch online payment integration for bitcoin in the near future. Palazzo Versace Dubai, a luxury resort in the United Arab […]

CleanSpark Buys Bitcoin Mining Facility From Mawson Infrastructure – Bitcoin Magazine

[ad_1] Bitcoin mining company CleanSpark Inc.(Nasdaq: CLSK), has entered into an agreement with Mawson Infrastructure Group (Nasdaq: MIGI) to purchase a mining facility for $33 million, per a press release sent to Bitcoin Magazine. The turnkey mining facility in Sandersville, Georgia is expected to add 1.4 exahashes per second (EH/s) to CleanSpark’s hash rate before […]

White House Condemns Energy Use Of Mining Bitcoin – Bitcoin Magazine

[ad_1] Per President Biden’s executive order, the White House Office of Science and Technology submitted its report on bitcoin mining’s climate impact. The report alludes to possible executive orders and legislation from congress to “limit” or “eliminate” proof-of-work mining. Some of the cited resources have been criticized for biases to certain industries and spreading misinformation. […]

Bloomberg Analyst: Bitcoin Is A ‘Wild Card’ Set To Outperform – Bitcoin Magazine

[ad_1] Senior commodity analyst for Bloomberg expects bitcoin to bottom around $20,000. The Bloomberg Crypto Outlook Report explains changes in the Fed’s tight monetary policy can result in rising prices for bitcoin. The report cites bitcoin’s dwindling supply as the reason for its likely increase in value over time. Mike McGlone, a senior commodity strategist […]

Swan Launches Bitcoin Platform For Advisors – Bitcoin Magazine

[ad_1] Swan Bitcoin releases the first financial advisory platform focused purely on bitcoin. Swan Advisor Services can integrate with a financial advisor’s existing portfolio management activities. Advisors will be able to manage, view and custody their client’s bitcoin through the new platform. Swan Bitcoin, a bitcoin-only service provider, has launched Swan Advisor Services, a bitcoin […]

Bitcoin Miners Fight For Survival As Margins Squeeze – Bitcoin Magazine

[ad_1] The bitcoin mining industry continues to exhibit a broad range of activity stretching from rapid expansion to extreme capitulation as the price of bitcoin falls below $19,000 amid rising hash rate. During the month of August, Digihost Technology Inc. mined 69 BTC valued around $3.4 million which noted a 54% increase year-over-year (YoY). However, […]

CleanSpark Purchases 10,000 Bitcoin Miners Worth $28 Million – Bitcoin Magazine

[ad_1] CleanSpark purchased 10,000 bitcoin mining machines from Cryptech Solutions. The purchase agreement had a final valuation of $28 million. CleanSpark now hosts over 37,000 bitcoin miners. CleanSpark Inc., (Nasdaq: CLSK) has acquired 10,000 brand-new Bitmain Antminer S19j Pro units through a $28 million purchase agreement with Cryptech Solutions, per a press release sent to […]

BlockStream, Sevenlabs Launch Decentralized Bitcoin Exchange – Bitcoin Magazine

[ad_1] Blockstream, Sevenlabs partnered with Poseidon Group to launch a decentralized exchange for bitcoin and security assets. The exchange, XDEX, is being built on the open source protocol TDEX and will operate 24/7. The app is expected to launch on IOS and Android in Q4 2022. Blockstream and Sevenlabs, bitcoin infrastructure service providers, have partnered […]