MicroStrategy halted Bitcoin purchases, says it will hodl $30B BTC

Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported Oct. 16.A source familiar with the matter reportedly said that Bitfinex appears to be banking with the Bank of Communications through the private account “Prosperity Revenue Merchandising Limited.” According to the Block, Bank of Communications…

American car manufacturing giant General Motors (GM) has filed a blockchain patent for a solution to manage data from autonomous vehicles. The patent application was published by the U.S. Patent and Trademark Office (USPTO) Nov. 29.GM’s application, first filed May 25, 2017, outlines a system for using blockchain to provide “secure” and “robust” data distribution…

Though Bitcoin’s (BTC) price action has largely been lackluster in the past few days, it could change with the launch of Bakkt. Fundstrat Global Advisors co-founder Tom Lee is positive on “Bakkt and its ability to improve trust with institutions to crypto.” The crypto markets have been waiting for institutional interest to fuel the next…

Ubisoft in partnership with Belgium Pro Soccer league has launched a free to play crypto soccer game. 1314 Total views 12 Total shares France-based game publisher Ubisoft just launched One Shot League, a new free-to-play fantasy soccer game powered by crypto assets. One Shot League was developed by the Ubisoft Strategic Innovation Lab in collaboration…

With a market cap now over $1.5 billion, Wrapped Bitcoin (WBTC) makes up 80% of the total BTC held on Ethereum. 1534 Total views 23 Total shares Wrapped Bitcoin (WBTC) reached all-time highs today in terms of market capitalization and number of tokens.WBTC is the most popular version of Bitcoin tokenized for use on the…

Venezuelan authorities confiscated 315 Bitcoin mining systems. 1595 Total views 13 Total shares The Bolivarian National Guard of Puerto Ordaz, Venezuela, seized 315 Bitcoin (BTC) mining machines manufactured by Bitmain. The owners of the mining rigs were told that they did not possess the necessary permits to own and operate the machines. They also were…

United States-based bitcoin (BTC)-supporting payments service Square Crypto announced that it recruited former Google product director Steve Lee in a tweet published on June 12.Square Crypto was announced in March of this year when the organization joined Twitter, and planned to hire crypto engineers and designers to work on the bitcoin and crypto ecosystem, paying…

Singapore’s Government Investment Corporation (GIC) was reportedly one of the investors to have helped raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018. Bloomberg reported the news on Feb. 28, citing anonymous sources familiar with the matter.According to its official website, GIC — which was founded to manage…