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China Emerges As Second-Largest Bitcoin Mining Hub Despite Ban

[May 17 3:18 PM] A report from Cambridge exploring bitcoin mining shows the U.S. as the dominant global player and China in second despite the country’s ban last year.New data from Cambridge details a portrait for the global hash rate of bitcoin mining. The U.S. is…

Luna Foundation Guard Discloses Usage of Bitcoin Reserves

[May 17 8:00 AM] The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization…

Bitcoin Gaming Studio Pnkfrg Raises $3 Million For Mobile Games

[May 16 6:58 PM] Pnkfrg is a new mobile gaming studio building on Bitcoin’s Lightning Network targeting a casual, F2P creator economy experience.Pnkfrg, a new gaming studio building mobile F2P games on the Bitcoin Lightning Network just raised $3 million. The funds…

Coinsource Partners With Kwik Trip To Launch 800 Bitcoin ATMs

[May 16 2:50 PM] Coinsource has partnered with Kwik Trips, one of the largest independently owned gas station brands, to launch 800 bitcoin ATMs across the United States.Coinsource is installing 800 bitcoin ATMs across midwestern Kwik Trip gas stations. Coinsource…

Hoseki To Launch Open Beta For Bitcoin Proof Of Assets Product

[May 16 12:00 PM] Hoseki, a bitcoin infrastructure company, closed an investment seed round led by Stillmark and plans an open beta test for a proof-of-assets product by Q3 2022.Hoseki, a bitcoin proof-of-asset infrastructure company, has completed a seed round of…

David Marcus Launches Bitcoin Payments Startup Lightspark

[May 16 11:30 AM] David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta’s former…

Luna Foundation Sold 80,000 Bitcoin Amid UST Crash

[May 16 11:29 AM] The non-profit organization said only 313 BTC are now left on the bitcoin reserves for Terra’s UST stablecoin.Luna Foundation Guard (LFG), the non-profit organization holding Terra’s bitcoin reserves, confirmed on Monday morning that it had sold…

Norwegian Bitcoin Mining Ban Was Struck Down

[May 13 2:59 PM] A bill banning bitcoin mining, authored by the communist party in Norway, was struck down by a majority vote in the Norwegian parliament.A bill seeking to ban energy intensive mining for cryptocurrencies like bitcoin was struck down by the…

Japan’s Largest Broker Nomura Now Offers Bitcoin Derivatives

[May 13 2:46 PM] Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand.Nomura Holdings, Japan’s largest brokerage, now offers bitcoin-based derivatives. Available derivative…