Opinion: From Brazil to Norway, there is plenty of evidence that governments are planning to use CBDCs to abuse their people.
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Candy Jets, a leader in private jet charter services, has unveiled a groundbreaking partnership with Bitcoin services provider CoinCorner to accept Bitcoin as payment for its luxury flights. This collaboration places Candy Jets among the first in the aviation industry to offer a cryptocurrency payment option, reflecting its commitment to innovation and customer convenience. Laura Green, co-founder of Candy Jets, expressed enthusiasm about providing their leading services through Bitcoin, highlighting the collaboration with CoinCorner as a confident step towards incorporating daily Bitcoin transactions for their clientele.
The integration of Bitcoin and Lightning payments through CoinCorner’s CoinCorner Checkout signifies a strategic move by Candy Jets to cater to a tech-savvy market, especially with the private jet sector’s growth projected to reach USD 21.18 billion by 2026. Danny Scott, CEO of CoinCorner, sees this as an opportunity to redefine the landscape of business transactions, emphasizing the advantages of Bitcoin in facilitating faster, cheaper, and borderless payments. This forward-thinking approach by Candy Jets not only enhances customer service but also strengthens the role of Bitcoin in transforming the future of high-end service payments.
The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs.
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This week’s Crypto Biz features Robinhood’s Wells notice, Grayscale’s Ether ETF application, Coincheck’s merger deal and Block’s billionaire debt offering.
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JPMorgan Chase, the largest bank in America, has revealed exposure to spot Bitcoin Exchange-Traded Funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today.
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The SEC filing by JPMorgan Chase provides specific insights into the bank’s exposure to spot Bitcoin ETFs. The bank currently has exposure to spot Bitcoin ETFs issued by some of the largest asset managers in the world: BlackRock, Fidelity, Grayscale, and more.
Though, the amount of money allocated to each ETF seems a bit underwhelming, taking into consideration how…
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The Securities and Exchange Commission asked a court to deny Coinbase’s motion for an interlocutory appeal on Friday.
The regulatory agency and the crypto exchange have been locked in a legal battle for nearly a year after the agency charged Coinbase with operating as an unregistered exchange and alleged that its Staking program was violating securities laws.
“Interlocutory review is not warranted simply because Coinbase proposes a new legal test and disagrees with the Court’s rejection of that test, nor can it be supported by Coinbase’s desire for quicker appellate review of its invented test,” the SEC said in the filing.
The SEC further argued that there’s no…
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The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives.
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Marathon Digital Holdings has catapulted to new financial heights, reporting a staggering $337.2 million net income for the first quarter of 2024—an 184% surge from $118.7 million the previous year. The earnings, revealed in their May 9 report, showcased a significant earnings per share (EPS) of $1.26. Not stopping there, the company’s revenues hit a record $165.2 million, marking a 223% increase year-over-year from $51.1 million. With a robust financial standing, Marathon now boasts $1.6 billion in unrestricted cash, cash equivalents, and Bitcoin as of the end of March.
On the operational front, Marathon’s productivity in Bitcoin mining has seen remarkable growth, producing 2,811 BTC worth $176 million at current market prices, up 28% from last year. The hash rate power surged by 142% to 27.8 exahashes per second, with the company targeting an ambitious 50 EH/s by year-end. Additionally, strategic acquisitions have doubled Marathon’s compute capacity for digital assets to 1.1 gigawatts, reinforcing its leadership in the cryptocurrency domain.
BNB price continues to show strength, leading traders to place an $800 price target on the Binance exchange token.
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Bitcoin price drops more than 2% in an hour, leading to $127 million in long liquidations.
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