Cipher Mining Technologies said on Friday it has agreed to go public through a merger with blank-check firm Good Works Acquisition Corp., giving the cryptocurrency miner an enterprise value of $2.0 billion. The combined company will receive $595 million in cash, which includes $170 million held in Good Works’ trust account from its IPO that occurred in October 2020. The […]

MicroStrategy announced on Friday it bought just over $10 million worth of additional bitcoins, just days after finalizing another purchase of more than $15 million. The company’s share price, however, shed by more than 11 percent in today’s trades as of writing. The Nasdaq-listed business intelligence firm, which has been doubling down on its cryptocurrency bet over the last year, paid […]

On Friday, the incorporated and publicly listed business intelligence (BI) firm, Microstrategy announced the company has acquired an additional $10 million in bitcoin. The company’s CEO Michael Saylor revealed the latest purchase on Twitter with a link to a Form 8-K Securities and Exchange Commission (SEC) filing registered on March 5, 2021. Microstrategy’s Bitcoin Buying Spree Continues Microstrategy continues its […]

In the fourth episode of the CoinGeek Weekly Livestream, host Kurt Wuckert Jr. talks to our gaming industry reporter Rebecca Liggero-Fontana and Gorilla DAO founder and community manager Patrick Thompson. Becky, also known as ‘Bitcoin Becky,’ is a bona fide expert in the gambling industry and has over a decade of work experience with Calvin Ayre, a gambling industry pioneer. […]

After a few harrowing moments last week, the price of Bitcoin seems to have stabilized, at least, for now. Indeed, Bitcoin sank as low as $43K on Sunday, February 28th, before making a recovery above $46K on Monday. Since then, Bitcoin has breached the $51K resistance line, and, at press time, settled around $47,200. And, with the exception of Sunday […]

Reno, the closest major city to the famous art festival Burning Man, is developing its own decentralized autonomous organization, or DAO, and a token in partnership with Tezos. Mayor Hillary Schieve announced the city’s plans to create the Reno DAO in a Thursday Tez Talks podcast hosted by the Tezos Commons Foundation. The city will build its Reno DAO and […]

Bybit, one of the leading cryptocurrency derivatives exchanges, announced on Friday its decision to wrap up its services for the United Kingdom-based clients from March 31, 2021. “If you are either a U.K. resident or citizen, please close all your positions and withdraw all account balances by 8 AM UTC, March 31, 2021,” the exchange noted. “Thereafter, customers located in […]

The Financial Conduct Authority (FCA) is officially ending the controversial LIBOR benchmark for most of the currencies, a decision that came after an industry consultation in December led by the ICE Benchmark Administration. The FCA, which oversees the global benchmark, announced on Friday that the publication of LIBOR will be ceased after December 31, 2021, for the pound sterling, euro, […]

Canadian block reward mining operators Bitfarms Ltd. (TSXV: BITF) has confirmed its latest purchase of 48,000 new ASIC miners from MicroBT. Once operational, they expect the new miners to increase their hashing capacity by approximately 5.0 EH.  This purchase, announced via a press release, is a continuation of the growing relationship between the hardware manufacture and Bitfarms. During the last eight months, […]