Bitcoin News and Finance: What You Need to Know

On Tuesday, the bitcoin mining firm Genesis Digital Assets announced the firm raised $431 million from strategic investors. The mining company Genesis detailed that Paradigm led the multi-million-dollar funding round and one of the firm’s co-founders has joined Genesis’s board of directors. Genesis Digital Assets to Bolster Bitcoin Mining Operations in the US and Nordics The industrial-scale bitcoin mining company, Genesis Digital Assets, revealed the firm has raised $431 million in a recent financing round. The funding was led by the company Paradigm but also included participation from firms like NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital. Matt Huang, the Paradigm co-founder and managing partner of Paradigm explained during the announcement that he will join the Genesis Digital Assets (GDA) board. “Over nearly a decade, GDA’s team have built what we regard as the most impressive bitcoin mining operation in the world,” Huang said in a statem...

The host of Mad Money, Jim Cramer, is begging crypto investors to take profits on any crypto gains in their portfolios. “I’m begging you to. Don’t let it become a loss,” he said, emphasizing, “I don’t want you to lose money.” Mad Money’s Jim Cramer Advises Investors to Take Profits on Crypto Gains The host of CNBC’s Mad Money show, Jim Cramer, said Monday that cryptocurrency investors should take profits on their crypto holdings if they have any gains in their portfolios. A former hedge fund manager, Cramer co-founded Thestreet.com, a financial news and literacy website. He said: I know the crypto-lovers never want to hear me say sell, but if you’ve got a big gain as I did, well, I’m begging you to. Don’t let it become a loss. Sell some, stay long the rest, then let’s wait and see if China changes its attitude toward an Evergrande bailout. Cramer warned that the struggles of Evergrande, a major property developer in China, are likely to keep weighing on crypto markets. Evergra...

The U.S. Department of the Treasury has taken actions targeting cryptocurrency exchanges “responsible for laundering ransoms” as part of the whole-of-government effort to counter ransomware. One cryptocurrency exchange has already been sanctioned along with related crypto addresses. “We will continue to crack down on malicious actors,” said Treasury Secretary Janet Yellen. US Government Targets Crypto Exchanges in Ransomware Fight The U.S. Treasury Department announced a set of actions to counter ransomware Tuesday, which include the publication of an updated advisory on ransomware and the addition of entities to the Office of Foreign Assets Control (OFAC)’s list of Specially Designated Nationals. The Department of the Treasury declared: As part of the whole-of-government effort to counter ransomware, the U.S. Department of the Treasury today announced a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms. T...

AMC Theatres chain is exploring how to accept dogecoin alongside four other cryptocurrencies. AMC’s CEO conducted a poll on Twitter and was overwhelmed by the results and enthusiasm of the dogecoin community. “It’s clear that you think AMC should accept dogecoin. Now we need to figure out how to do that,” he said. AMC Considers Adding Dogecoin to List of Accepted Cryptocurrencies Following the announcement that AMC Entertainment Holdings Inc. will accept bitcoin, bitcoin cash, litecoin, and ether for payments, CEO Adam Aron set up a poll on Twitter to ask the crypto community if his company should also accept the popular meme cryptocurrency dogecoin (DOGE). AMC Entertainment Holdings is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, AMC owned or operated approximately 950 theaters and 10,500 screens globally. Aron tweeted Tuesday: I sincerely want to hear your opinion, via this Twitter Poll. By year-end 2021, AMC will take bitcoin, ethe...

PRESS RELEASE. Singapore, September 22 , 2021 – Alchemy Pay is now using Chainlink Price Feeds to enable users to buy crypto on decentralized exchanges (DEXs) and obtain loans in leading DeFi lending platforms directly from wallets using Alchemy Pay’s ERC-20 utility token, ACH. Chainlink Price Feeds help assure users that they are receiving fair market exchange rates when purchasing assets directly via their wallets on DEXs like Uniswap, Sushiswap, and ForTube using their ACH, as well as when collateralizing DeFi loans with ACH. “It is crucial to the success of our payment gateway solution that the value of ACH is accurately shared throughout the ecosystem,” said Alchemy Pay CEO, John Tan. “The accuracy of Chainlink Price Feeds is underpinned by the robust technology Chainlink has deployed to protect against downtime and manipulation.” Since the price of assets is not a data feed inherently available on the blockchain, a solution is needed to fetch it off the blockchain (off-cha...

On September 22, the team behind the Wallstreetbets defi application called Wsbdapp announced the launch of a non-fungible token (NFT) collection featuring 15,000 generative NFTs. According to the team, the NFTs provide utility like VIP access to special metaverse events and yield farming boosts. Wsbdapp Project Launches NFT Collection During the first week of September, Bitcoin.com News reported on the Wallstreetbets’ ( wsbdapp ) platform, which allows users to transact with decentralized finance (defi) protocols like a decentralized exchange (dex). The project partnered with the defi project Balancer a few days later and this week, the Wallstreetbets (WSB) defi project has launched a collection of non-fungible tokens (NFTs). Jaime Rogozinski, the founder of WSB and strategic partner of the Wsbdapp project details for quite some time WSB memes were given out to the public free of charge. “The Wallstreetbets community has been giving out memes for free for too long; Apple shoul...

Today, we are proud to announce our partnership with Bhutan’s central bank, the Royal Monetary Authority (RMA), who will use Ripple’s CBDC solution to pilot a central bank digital currency (CBDC) in phases. This move is driven by the nation’s desire to enhance digital and cross-border payments, expand financial inclusion efforts and extend its commitment … Continued The post Bhutan Advances Financial Inclusion and Sustainability with Ripple’s CBDC Solution appeared first on Ripple. http://dlvr.it/S851zx

This year a great deal of popular hip-hop superstars like Eminem, Jay-Z, Ja Rule, Lil Pump, and many more have been getting into the non-fungible token (NFT) collectibles scene. On Monday, the American rapper Snoop Dogg revealed that he is an avid collector of NFTs. Snoop claims to be a pseudonymous Twitter account dubbed “Cozomo de’ Medici,” an online character known to hold millions of dollars in NFTs. Snoop Reveals His Pseudonymous Twitter Account This past Monday, Snoop Dogg revealed on Twitter that he is “ Cozomo de’ Medici ” an NFT collector that joined Opensea.io in August and also started a Twitter account the same month. The wallet on Opensea owns close to $17 million worth of non-fungible tokens from various NFT collections like Cryptopunks, Cosmoflowers, and Snoop Dogg cash. At the time of writing, Cozomo’s Opensea account has approximately 207 NFTs. Cozomo’s NFT account purchases NFTs regularly and the account has a variety of different kinds of digital collectibles. T...

On Tuesday, the fast food restaurant chain Burger King announced the company has launched a non-fungible token (NFT) campaign called the “Keep It Real Meals” initiative. The campaign is in collaboration with the NFT marketplace Sweet and will feature celebrities like Nelly, Anitta, and LILHUDDY. Six Million Meal Boxes With Burger King NFTs The NFT marketplace Sweet has revealed a partnership with fast food giant Burger King on Tuesday. Burger King has entered the NFT fray and the new campaign is quite different from other NFT concepts. The Burger King “Keep It Real Meals” initiative will showcase QR codes tethered to close to six million meal boxes. Scanning the QR codes will unlock a digital collectible and Burger King’s announcement says “collecting them can lead to unlocking bonus NFTs.” The campaign will feature three celebrities including the American social media personality LILHUDDY, the Brazilian singer Anitta, and the American rapper, singer-songwriter, and entrepreneur, ...

The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has added Suex to the Specially Designated Nationals and Blocked Persons (SDN) List. The move, announced Tuesday, effectively prohibits U.S. citizens from engaging with the platform. OFAC also published a list of cryptocurrency addresses linked to Suex. The company behind the crypto broker, Suex OTC s.r.o., is an entity registered in the Czech Republic. However, it operates mainly from branches in the Russian Federation, including its offices in the capital Moscow and the country’s second-largest city, Saint Petersburg. It’s believed that...

South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘Completely Untrue’ Instead, the DOJCD insists that its tech experts, “industry partners and selected organs of state have been working hard to contain the problem and to restore systems affected by the ransomware attack.” Consequently, the department stated in a tweet that an article published by Mybroadband on September 20, is, therefore “completely untrue.” A tweet shared by the country’s Ministry of Justice and Correctional Services explained: The DOJCD would like to place it on the record that it has not received any ransom demand following the ransomware attack as suggested by an article on https://ift.tt/3lH8NXy published on 20 Sept 2021. The Mybroadband article to this effect is completely untrue. The South African tech news site Mybroadba...

Mars4 – centered ecosystem where you can explore a virtual Mars Metaverse, own and customize your land property with MARS4 dollars and even reap the rewards of the world’s first revenue-generating NFT! Attractive tokenomics of Mars4 leverages NFT Mars Land, Gamification and Token Redistribution. Mars4 is a unique metaverse. The Mars4 project’s development team has modeled their detailed 3D map of Mars’ terrain after NASA’s Mars data. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map. Mars4 NFT owners can take a virtual trip to Mars and leverage gamification features to earn attractive yields while exploring the fourth planet. Mars4 is a project of the Mars4 Foundation , an organization that invests in space exploration, aerospace, and suborbital aerospace companies. How does Mars4 work? Mars4 leverages token yield farming and gamification elements to create an attractive decentralized finance investment option. Additionally, Mars4 helps space exploration enthusias...

Ryan Selkis, the founder of Messari, a cryptocurrency research company, has announced he will be running for the U.S. Senate in 2024. The entrepreneur made the announcement on Twitter after finding out one of the speakers at Messari’s Mainnet conference, whose identity could not be confirmed, was served with a subpoena by the SEC. This is one of the first serious political bids that a crypto entrepreneur has made in the U.S. Messari CEO Ryan Selkis Announces Senate Bid for 2024 Ryan Selkis, founder and CEO of Messari , a crypto research firm, has announced he will be running for Senate in 2024. Selkis apparently made the decision after one of the speakers from Mainnet, a conference organized by Messari, was served a subpoena by SEC staff that had attended the conference. Selkis stated: If you’re wondering when I actually decided to run for Senate, it was when these f**kers came to my event, didn’t buy a ticket, and served one of the speakers a subpoena. Enough talk. More war on o...

Members of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations. Iranian MPs Urge for Change in Crypto Policies After Research Some parliamentarians in Iran have set out to change the government’s regulatory attitude towards cryptocurrencies, citing opportunities to use them to improve the nation’s sanctioned and troubled economy. “Taking a restrictive approach only pushes innovative solutions underground,” the spokesman of the Majlis Economic Commission, Gholamreza Marhaba, told Iranian media. Commenting on the results of the research on the matter carried out by the commission, he also stated: Our studies show that 50% of crypto activities are in the informal market. This is while supportive regulations can help enhance contribution of the...