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Bloomberg Intelligence Report: Bitcoin Is Becoming A Risk-Off Asset As Inflation Rises

Shawn Amick -
In Bloomberg Intelligence’s latest report, bitcoin is separating itself from risk assets with increasing HODL behavior and historical patterns suggest a mild down-turn.
BUSINESS

Bitcoin Miner Marathon Digital Eyes 199,000 Miners, Holds over 9,000 BTC

Shawn Amick -
Marathon Digital Holdings announced its April 2022 mining production updates noting over 9,000 BTC held in reserves and plans for a total mining fleet of 199,000.
BUSINESS

100,000 Cubans Are Using Bitcoin In Response To U.S. Sanctions

Shawn Amick -
A report from NBC News states over 100,000 Cubans are using bitcoin and other cryptocurrencies to escape harsh conditions created by international sanctions.
BUSINESS

Argentina’s Largest Private Bank Now Allows Users To Buy Bitcoin

Shawn Amick -
Banco Galicia, the largest private bank in Argentina, is allowing its users to buy, sell, send and receive bitcoin on its mobile application.
BUSINESS

Bitcoin Is ‘A Liquid Alternative To Cash’ Says Elon Musk’s Tesla

Shawn Amick -
In a recent SEC filing, Tesla explained bitcoin’s liquidity use case while outlining its “long-term potential.”
BUSINESS

Bitfarms Mined 405 Bitcoin In April, Now Holds 5,646 BTC

Shawn Amick -
Bitfarms released a bitcoin mining update detailing a 75% YoY increase in production and the custodying of 99% of total mined BTC in April.
BUSINESS

Synonym Launches Blocktank Service Provider For Bitcoin’s Lightning Network

Namcios -
The suite of open-source tools and services offered by Blocktank seeks to aid Lightning businesses provide a better experience for their customers.
BUSINESS

Panama Assembly Passes Bill Regulating Bitcoin, Crypto

Namcios -
After the president’s signature, the bill will regulate the usage of bitcoin as payment in the country.
BUSINESS

Bitrefill Now Lets You Pay Your Bills, Taxes With Bitcoin

Namcios -
U.S. users can now pay their bills with bitcoin through Bitrefill’s new Bill Payments service, including taxes.
BUSINESS

Lightning Community Diamond Hands Partnership Seeks To Further Bitcoin Adoption In Asia

Shawn Amick -
The Lightning Network community Diamond Hands partnered with ZEBEDEE and Mimesis Capital to further adoption in Asia through bitcoin gaming and education.
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