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BUSINESS

Dive into Bitcoin Magazine’s Business category – latest news, trends, and analysis on Bitcoin’s impact in the corporate world.

BUSINESS

Louisiana State Government Now Accepts Bitcoin Lightning As Payment

Nik -
Louisiana has become one of the first U.S. states to accept Bitcoin for government payments, offering residents more flexible options for transactions.
BUSINESS

River Secures Over $800 Million Worth of Bitcoin, Launches Proof of Reserve

Vivek Sen -
River launched a transparency tool proving it holds over $800 million worth of Bitcoin in full reserve custody. The U.S. exchange aims to rebuild trust after failures like FTX with its new River Proof of Reserves.
BUSINESS

BlackRock Releases a New Report, “Bitcoin: A Unique Diversifier”

Vivek Sen -
BlackRock released a new report explaining why Bitcoin is a unique portfolio diversifier detached from other assets. The world's largest asset manager continues embracing Bitcoin as adoption gains mainstream acceptance.
BUSINESS

Human Rights Foundation Grants 10 Bitcoin to 20 Projects Worldwide

Nik -
The Human Rights Foundation has announced its latest round of grants, totaling 1 billion satoshis worth over $590,000.
BUSINESS

Singapore’s DBS Bank to Launch Bitcoin and Crypto Options for Institutions

Vivek Sen -
Singapore's largest bank, DBS, will begin offering OTC bitcoin and crypto options trading for institutional clients in Q4 2024. DBS is the first major Asian bank providing sophisticated Bitcoin derivatives amid rising allocation demand.
BUSINESS

Arthur Hayes’s Family Office Funds Bitcoin Core Developer

Vivek Sen -
Arthur Hayes's family office Maelstrom awarded the first grant from its Bitcoin developer program to contributor Rkrux. The funding will support Rkrux working full-time on contributing to Bitcoin Core as an open source project.
BUSINESS

MicroStrategy Announces $700 Million Raise To Redeem Senior Secured Notes and Buy Bitcoin

Nik -
MicroStrategy will use the net proceeds from this offering to redeem Senior Secured Notes due 2028 and to acquire additional bitcoin.
BUSINESS

Bhutan’s Bitcoin Holdings Revealed: Kingdom Owns $780M in BTC from Mining

Nik -
Bhutan’s growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nation’s renewable energy resources.
BUSINESS

Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills

Vivek Sen -
The shutdown of a Bitcoin mining facility in Norway caused a 20% increase in electricity bills for the town's residents. The loss of the mining operation's revenue forced the local power company to raise rates to offset costs.
BUSINESS

MicroStrategy Buys Additional $1.11 Billion Worth of Bitcoin

Vivek Sen -
MicroStrategy purchased an additional 18,300 bitcoins for $1.11 billion, boosting its total Bitcoin trove to 244,800 BTC acquired for $9.45 billion. The company continues its Bitcoin accumulation strategy, capitalizing on BTC appreciation.
BUSINESS

Bitcoin and Crypto Exchange HTX To Integrate Lightning Network

Vivek Sen -
One of the leading Bitcoin and crypto exchange HTX announced integration of Bitcoin's Lightning Network to enable faster, cheaper payments.
BUSINESS

El Salvador’s Bitcoin Office Celebrates 21 Months of Success, Sets Stage for Renaissance 2.0

Frank Corva -
The National Bitcoin Office (ONBTC) of the Office of the President of El Salvador, led by Stacy Herbert, aims not just to help further integrate Bitcoin into El Salvador’s economy but foster a cultural, artistic and psychological renaissance.
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