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Barstool Sports Founder, Dave Portnoy, Strongly Considering Bitcoin Integration in Company's Finances

Dave Portnoy, founder of Barstool Sports, expresses interest in incorporating Bitcoin into the company's finances. Portnoy, who regained ownership of Barstool after a complex financial saga, discusses his prior attempts to persuade the CEO of Penn Entertainment, Barstool's former owner, to integrate Bitcoin. He sees potential for the cryptocurrency on Barstool's balance sheet, following his decision to break free from Penn's regulatory constraints. Despite past controversies involving other cryptocurrencies like SafeMoon, Portnoy remains optimistic about Bitcoin's role in Barstool's future operations.

BeInCrypto - 1098 ngày trước

Bitcoin Income Preferred by Miami Mayor Francis Suarez for Potential Presidential Role

Miami Mayor and U.S. Presidential candidate Francis Suarez has expressed his willingness to accept Bitcoin as part of his salary if elected. In an interview, Suarez noted he already receives his current salary in Bitcoin as Mayor and believes in the potential of cryptocurrencies like Bitcoin to ensure financial freedom and counterbalance a chaotic monetary system. He contrasted his position with that of his competitor, Florida Governor Ron DeSantis, stating that merely opposing Central Bank Digital Currencies (CBDCs) is insufficient. Suarez emphasized the importance of proactive engagement with cryptocurrency support and innovation.

benzinga - 1098 ngày trước

Tether Teams Up with Lugano to Boost Blockchain Ecosystem

Stablecoin issuer Tether has joined forces with Swiss city Lugano to strengthen its blockchain infrastructure. Tether will manage a validator node for Lugano's 3Achain, the official blockchain behind its native stablecoin LVGA. This partnership aims to expand Lugano's blockchain capabilities, essential for local businesses and its digital currency. Both parties are part of the Plan ₿ initiative, pushing blockchain adoption, with the goal of transforming Lugano into a prominent bitcoin and blockchain hub. This collaboration reflects ongoing efforts to integrate blockchain into the city's financial landscape, from small transactions to tax payments.

CryptoSlate - 1098 ngày trước

Dubai Grants Crypto License To Komainu, A Joint Initiative Involving Nomura, CoinShares, and Ledger

Komainu, a joint venture involving Nomura, CoinShares, and Ledger, has obtained a full operating license from Dubai's Virtual Asset Regulatory Authority (VARA), marking a significant step in the crypto sector. The UAE's pro-crypto stance, backed by grants and regulations, fosters innovation. Komainu's regulatory status is seen as pivotal for business growth. The company, regulated by Jersey's financial authority, can now provide custody services and institutional staking in Dubai. The city's decision to subsidize licenses for AI and Web3 firms adds to its efforts to attract global talent and diverse investors.

cointelegraph - 1099 ngày trước

Unknown Bitcoin Giant Accumulates $3.08B Worth of BTC in Under 3 Months, Ranks Third Worldwide

An unidentified entity has swiftly amassed over $3 billion in Bitcoin (BTC), propelling it to become the world's third-largest BTC address. This accumulation began in mid-May and by late June, the address became the top Bitcoin holder not associated with a crypto exchange. With its holdings now totaling 118,300 BTC valued at $3,089,466,557, the entity's address ranks just after Binance and Bitfinex's cold wallets. Analysts speculate the possibility of it being a crypto exchange rearranging its BTC reserves. Despite recent market downturns, Bitcoin whales continue to remain active.

The Daily Hodl - 1099 ngày trước

Genesis Digital Assets Opens Renewable-Powered Bitcoin Mining Facility in Sweden

Genesis Digital Assets Limited (GDA) has established a hydro-powered Bitcoin mining data center in northern Sweden, benefiting from the country's renewable energy surplus. The facility, near the Porjus Hydroelectric Power Station, is powered by abundant hydroelectric energy. With an 8 MW capacity and about 1,900 Bitcoin mining machines, it's expected to generate a hash rate of approximately 155 PH-s. This expansion aligns with the trend of utilizing untapped renewable energy sources for cost-effective Bitcoin mining. Sweden's favorable energy landscape and pro-innovation atmosphere make it an attractive mining location for GDA.

cointelegraph - 1099 ngày trước

$2 Billion Investment Manager Empowered Funds Submits Bitcoin Futures ETF Application

Empowered Funds, a subsidiary of Alpha Architech's EA Advisors, has applied to list three Bitcoin Futures Exchange Traded Fund (ETF) products. The unique ETF will draw on strategies from Ark Invest and 21Shares. Empowered Funds will be the primary adviser, with 21Shares and Ark Invest as sub-advisers. The main product, Ark 21Shares Active On-Chain Bitcoin Strategy ETF, will allocate up to 25% to digital assets and blockchain strategy ETF trading. The proposed ETF offers various strategies based on market conditions, catering to institutional investors in the crypto ecosystem with regulatory oversight.

U.Today - 1100 ngày trước

Oman Launches $350 Million Crypto Mining Facility in Salalah Free Zone

Oman's Ministry of Transport, Communications, and Information Technology (MTCIT) has inaugurated a new cryptocurrency mining and data hosting facility valued at RO 135 million ($350 million) in the Salalah Free Zone. This marks the country's second significant crypto mining center, following one announced in November 2022, totaling a combined investment of $740 million. Operated by Exahertz International, the project aims to boost Oman's digital economy, create jobs, and position the nation as a global data hosting and mining hub. The facility currently operates over 2,000 machines, with plans to expand to 15,000 devices by October.

CryptoPotato - 1100 ngày trước

Silent for 8 Years, Pre-Mined Ethereum Investor Stirs Awake

Whale Alert, a leading blockchain tracker, has revealed the revival of an inactive pre-mined Ethereum address after 8.1 years, igniting curiosity in the crypto community. The address, housing 191 Ethereum tokens worth $317,724, has resurfaced, echoing a similar event three weeks ago. A silent Ethereum ICO participant also transferred 641 ETH, valued at $1.07 million, after an eight-year hiatus. Amid divided opinions, experts suggest the reawakenings might signal a bearish market trend, supported by historical data. As the awakened whale influences the market, anticipations rise for potential fluctuations and their implications on crypto dynamics.

U.Today - 1100 ngày trước

CoinGecko Report: Mining 1 BTC 783x Cheaper in Lebanon Than Italy

A recent CoinGecko report highlights a substantial discrepancy in household electricity expenses among individual Bitcoin miners across the globe. While Italy incurs a staggering $208,560 to produce a single Bitcoin, Lebanon stands out as a crypto miner's haven, with costs approximately 783 times lower. The report indicates that only 65 countries yield profit for solo Bitcoin miners based on household electricity costs, with Asia dominating the list. The report's findings challenge the notion of high electricity costs, suggesting that crypto mining can be economically viable in certain regions.

cointelegraph - 1101 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1071 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1071 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1071 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1071 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1072 ngày trước