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Bitcoin

Robinhood Testing New Crypto Wallet Features

  • Information in the code of Robinhood's iPhone app revealed that the company was testing out crypto withdrawals.
  • If launched, the features would enable users to manage their cryptocurrencies in the app and transfer them to external wallets.

Vee Finance Exploited for $35M Worth of BTC and ETH

  • The 8805 ETH and 214 BTC that were stolen were collected into a single address, and the attacker is yet to transfer or process them.
  • Vee Finance assured users that the incident occurred in the "pending contract", and that the assets in its Stable Coin sector remain unaffected.

Crypto Lending Platform Hodlnaut Partners With Okcoin

  • Okcoin is Hodlnaut's preferred fiat on-ramp solution for BTC/SGD and ETH/SGD pairs.
  • The partnership will provide both platforms' users with more investment options and earning potential.

Argo Blockchain Secures Second BTC-Backed Loan From Galaxy Digital

  • The fresh $25 million BTC-backed loan will help Argo meet its cash flow requirements, and fund the expansion of its West Texas mining facility.
  • The new agreement will see Argo Blockchain roll up both its loans into one, for a combined sum of $45 million, with a maturity date of 29 October.

MVB Partners With NYDIG to Launch White Label Bitcoin Platform

  • The partnership will enable MVB to integrate Bitcoin into its Banking-as-a-service (BaaS) solutions.
  • NYDIG will leverage MVB's subsidiary Victor to provide the necessary infrastructure for Bitcoin products.

El Salvador Recognizes Bitcoin as Legal Tender, Buys 200 BTC

  • El Salvador is now the first country in the world to recognize Bitcoin as legal tender, with its BTC Law coming in effect today.
  • Yesterday, the country's president confirmed his government had purchased 200 BTC as part of a $150 million Bitcoin fund.

Twitter Could Soon Enable BTC Tipping

  • Both MacRummors and mobile developer Alessandro Paluzzi claimed that Twitter is experimenting with a BTC tipping feature.
  • The feature will reportedly use Lightning Network payment gateway Strike to "generate Bitcoin Lightning invoices".

KuCoin Launches PoW Mining Pool

  • KuCoin was able to offer much lower mining fees on its pool thanks to its team, which reportedly has more than six years of expertise in the industry.
  • The CEO of KuCoin, Johnny Lyu, also revealed the KuCoin Pool will encourage "green mining" by offering miners that use renewable energy discount on their fees.

Quiznos to Launch BTC Payments Pilot in Denver

  • While the pilot will be limited to certain Quiznos locations in the city, customers will be able to receive a $15 BTC reward for paying with Bitcoin.
  • The pilot was made possible through a partnership with Bakkt, and could be expanded to other locations in the country should it be successful.

Square Reveals $29B Acquisition Deal

  • Once Square completed the $29 billion acquisition, the 16 million users of Afterpay will be able buy Bitcoin through the Cash App.
  • Square has also tripled its BTC revenue on a year-to-year basis, reporting a $2.72 billion of bitcoin revenue and $55 million of bitcoin gross profit for Q2.