Tag: btc

Tobacco Giant Philip Morris Estimates It Could Save Up to $20 Million by Using Blockchain

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Philip Morris’ global head of architecture and tech innovation revealed that the firm wants to apply blockchain in tax stamp tracking. International tobacco company Philip Morris is considering blockchain use in tracking tax stamps on cigarette boxes, the firm’s spokesperson confirmed to Cointelegraph on April 26. Philip Morris International is looking to implement emerging technologies […]

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Bitfinex Withdraws $89 Million From Cold Wallet as Users Signal Exodus Over Legal Debacle

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Bitfinex is facing pressure from U.S. lawmakers over its handling of missing funds worth $850 million. Cryptocurrency exchange Bitfinex has withdrawn funds worth almost $90 million from its cold wallet, blockchain data reported by cryptocurrency news outlet The Block confirmed on April 26. Bitfinex, which has the same owner as USD stablecoin Tether (USDT), has […]

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Report: Hamas’ Militant Wing Using Multiple BTC Wallet Addresses to Elude Authorities

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The militant arm of Hamas is reportedly using increasingly complex measures to frustrate authorities’ attempts to track the flow of its cryptocurrency financing. The militant arm of Hamas — the de facto ruling authority of the Gaza Strip in Palestine — is reportedly using increasingly complex measures to frustrate authorities’ attempts to track the flow […]

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Ohio State Legislature Introduces Bill to Allow Gov’t to Implement Blockchain Solutions

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The new bill would allow the state government and other government entities to implement blockchain solutions. A new bill introduced on April 24 in the American state of Ohio’s House of Representatives would, if passed, allow the state government and other government entities to implement blockchain solutions in the exercise of their authority. According to […]

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Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

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Now-defunct Japanese cryptocurrency exchange Mt. Gox’s trustee has extended the deadline for submission of the rehabilitation plan. The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for submission of rehabilitation plans, according to an official announcement published on the company’s website on April 25. Per the announcement, the exchange’s Rehabilitation Trustee […]

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Algorithmic Crypto Trading Firm GSR Launches Crypto Hedging Product

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Hong Kong-based algorithmic crypto trading firm GSR launched cryptocurrency variance swaps, a product for hedging against volatility. Hong Kong-based algorithmic crypto trading firm GSR launched cryptocurrency variance swaps, a product for hedging against volatility. The company announced the development in a press release published on April 24. Per the announcement, the variance swaps will allow […]

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Top Traders Held Talks on Making Crypto Part of Global Financial Architecture: Bloomberg

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Representatives from Galaxy Digital, Coinbase and Binance were among those said to have attended January’s talks. More than 20 of the crypto market’s biggest traders gathered in January for talks on making digital assets and tokens part of the global financial architecture, according to a Bloomberg report published on April 25. The meeting was reportedly […]

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US Rapper Lil Pump Starts Accepting Bitcoin via Lightning Network on Merchandise Store

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The teenage rapper, who has tens of millions of fans on social media, is now accepting Lightning Network payments for merchandise. American rapper Lil Pump has started accepting bitcoin (BTC) payments through his merchandise store Unhappy, according to his website. Fans of the 18-year-old, known for his catchphrase “Esskeetit” and his most recent album Harverd […]

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