business

Institutional exchange launches crypto debit card

Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases. In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (BTC) from their Bakkt accounts without waiting to convert the cryptocurrency to …

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Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas.  According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is preparing to install machines into 29 H-E-B locations in the Houston area. The ATMs will allow …

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Calling the crypto space ‘a very masculine area,’ Mila Kunis launches NFT project

An actress famous for her roles in That ’70s Show and Family Guy, Mila Kunis has now launched an animation on the blockchain, which developed from an interest in crypto during the pandemic.  Speaking with comedian Conan O’Brien on his Thursday show, Kunis said she had done a deep dive into cryptocurrencies and nonfungible tokens, …

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Pro basketball league in Canada will offer players Bitcoin salaries

The Canadian Elite Basketball League will be allowing players from its seven teams to accept a portion of their salaries in Bitcoin starting next week.  According to a Thursday announcement, the Canadian Elite Basketball League, or CEBL, has partnered with Toronto-based cryptocurrency exchange Bitbuy to convert part of basketball players’ existing salaries from Canadian dollars …

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Hawaii had largest increase in demand for crypto out of US states this year

A new report from MiQ Digital indicates that demand for cryptocurrency has increased the most in the U.S. states of Hawaii and California in 2021. According to data gathered from Google Trends comparing the average interest from 2020 to 2021, MiQ Digital reported that Hawaii had seen a more than 687% increase in demand for …

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NASCAR driver opts for crypto payment in sponsorship deal

Landon Cassill, a professional race car driver in NASCAR’s Xfinity Series, will be receiving part of his salary in Bitcoin and Litecoin as part of a sponsorship with crypto broker Voyager. According to a Thursday report from the Associated Press, Voyager has finalized a 19-year agreement to sponsor Cassill starting this weekend at the NASCAR …

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Beer and horses? Combination takes to the digital space with branded NFTs

The U.K. arm of pilsner beer brand Stella Artois is partnering with a digital horse racing game to release a series of nonfungible tokens. In a Tuesday announcement from Stella Artois’ U.K. brewery, the beer brand said users of the digital racing game ZED RUN would now be able to bid on Stella-themed skins for …

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Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock

The same day business intelligence firm MicroStrategy announced it would use $488 million from the proceeds of a private offering sale to buy Bitcoin, the company said it may also sell up to $1 billion of its stock for the same reason. In a Monday S-3 filing fo the U.S. Securities and Exchange Commission, MicroStrategy …

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Ridiculed no longer? US Space Force will launch NFT line

The United States Space Force, a branch of the armed forces created under the previous administration, is releasing a series of nonfungible tokens. In an announcement today, the United States Space Force, or USSF, said it had partnered with community-oriented nonfungible token platform Ethernity Chain to release digital versions of patches and coins designed for …

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MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase

Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin. In a Monday announcement, MicroStrategy said it had sold $500 million worth of senior secured notes in a private offering to buyers within and outside the United States. After deducting expenses, …

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