business

Bar owner wants to sell two NYC watering holes for $1M in Bitcoin

New York City bar owner and crypto enthusiast Patrick Hughes is offering to sell two of his popular restaurants in the Hell’s Kitchen neighborhood of Manhattan for cryptocurrency. According to a report from the New York Post, Hughes will accept crypto payments in the form of Ether (ETH) or Bitcoin (BTC) for the sale of …

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Dan Larimer Announces Departure From EOS Builder Block.One

Serial blockchain entrepreneur Dan Larimer has left Block.one, the company that raised $4 billion to build the software behind the EOS blockchain. Larimer, who co-founded the company and had served as its chief technical officer since April 2017, announced the move on Block.one’s social network Voice.com on Sunday: “I will continue on my mission to …

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Coinbase Acquires Routefire to Beef Up Institutional Bitcoin Offering

Leading U.S. crypto exchange Coinbase has acquired trade execution startup Routefire. The terms of the deal were not disclosed. “While we’ll no longer be supporting the Routefire platform, we are very excited to continue on our mission of bringing advanced trading infrastructure to the rapidly developing cryptocurrency markets by joining Coinbase,” Routefire wrote in a …

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Hong Kong-Listed BC Group Raises $90M as Institutional Crypto Demand Soars in Asia

Hong Kong Stock Exchange-listed BC Technology Group, the parent company of regulated crypto platform OSL, has raised HKD697 million (approximately $90 million) in the form of a top-up share placement. 2020 was a busy year for OSL, an institution-focused digital asset platform based in Hong Kong, providing prime brokerage, custody, exchange and software-as-a-service (SaaS). The …

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Origin Brings Back Interest-Earning OUSD Stablecoin Following $7M Hack

Origin is relaunching its yield-generating stablecoin following a November attack that drained OUSD holders of $7 million. Starting now, users can once again exchange USDC, USDT and DAI for OUSD. As CoinDesk reported in September, the smart contract powering OUSD was not yet audited. OUSD allowed users to deposit the most popular stablecoins that would …

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Square’s Jack Dorsey Hits Out at FinCEN’s ‘Burdensome’ Proposed Crypto Wallet Rules

Jack Dorsey, CEO of payments company Square, has joined the ranks of those criticizing the Financial Crimes Enforcement Network’s (FinCEN) proposed regulations around collecting data on crypto wallet users. In a Jan. 4 letter addressed to FinCEN, Dorsey said, if the rules are approved, cryptocurrency customers maybe pushed to use unregulated services outside of the …

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Binance US CEO predicts $100K Bitcoin by 2022

Catherine Coley, CEO of major crypto exchange Binance’s U.S. arm, sees the current Bitcoin bull run as a sign the crypto asset could reach a price up to $100,000. Speaking to news outlet KLTA yesterday, Coley said the recent rally in the price of Bitcoin (BTC) — moving from $19,000 to more than $34,000 in …

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XRP the ‘third largest collapse of all time’ says The TIE’s Josh Frank

The XRP token’s market capitalization has fallen almost $130 billion since its all-time high in 2018, making the cryptocurrency project’s decline comparable to the collapse of major financial institutions. According to Josh Frank of crypto-focused research company The TIE, the project is experiencing a collapse similar to some of the biggest corporate scandals and catastrophes …

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Genesis to Suspend XRP Trading, Lending

According to an email sent to clients and shared with CoinDesk, the firm, which is owned by CoinDesk parent company Digital Currency Group, is suspending XRP trading and lending. Clients will have until January 15 to sell XRP “as long as sufficient liquidity exists,” the email read, after which time Genesis will suspend trading and …

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Amazon has purchased podcast network Wondery

Amazon As expected, Amazon has acquired one of the few remaining large and independent podcast networks in the US. On Wednesday, the retailer announced that Wondery, best known for producing shows like Blood Ties and Dying for Sex, will join Amazon Music as part of its latest acquisition. Amazon didn’t disclose the terms of the …

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