On stage at the Bitcoin 2023 conference, Brink announced a matching campaign for donations from Bitcoin mining firm Marathon Digital Holdings to support the work of Bitcoin Core developers. Marathon will match donations made to Brink on a two-for-one basis for the duration of the conference, which ends on May 20, and then match donations one for one through the end of the year, up to $1 million total. “We’re going to match dollar for dollar $500,000-worth of donations that Brink receives for Core developers. More importantly, we will donate…
Read MoreDay: May 18, 2023
IBEX Mercado Announces Partnership With Grupo Salinas Bringing Lightning Access To Millions Of Mexican Citizens
IBEX Mercado, a bitcoin Lightning payment service provider, has announced a new partnership with Grupo Salinas, one of the largest corporate conglomerates in Mexico. “Over four million Mexicans can now pay with bitcoin for their cable, internet, and phone service,” IBEX’s CEO Jose Lemus said on stage as he announced the partnership. “With this partnership, we’re opening the doors to every bitcoin and Lightning company and financial tech company that wants to leverage Lightning technology … [we will be] rolling out new technology with Grupo Salinas that will enable mexicans…
Read MoreMicroBT Releases New Line Of WhatsMiner M50 Series At Bitcoin 2023
MicroBT, the Bitcoin ASIC manufacturer behind the WhatsMiner line of ASIC mining machines, unveiled its latest offerings at Bitcoin 2023 in Miami Beach. Dr. Zuoxing Yang, the founder and CEO of MicroBT, highlighted the importance of “High density, low noise, low failure rate and low maintenance” ASIC machines bringing bitcoin mining to a new era. The talk started with a roll of film focusing on the energy crisis, green energy and the role that bitcoin can play as a solution. It then posed the question: “What matters more, mining or…
Read MoreBitMEX To Send Physical Bitcoin To The Moon In Partnership With Astrobiotic Technology And Bitcoin Magazine
BitMEX, a leading bitcoin derivatives exchange, has announced that it will be sending the first physical bitcoin to the Moon in partnership with Astrobotic Technology Inc. and Bitcoin Magazine. The rocket carrying a physical Bitcoin wallet is scheduled to launch from the Kennedy Space Center this summer, marking a significant milestone for both space exploration and the bitcoin industry. The bitcoin, engraved with a public address and private key, is loaded with 1 BTC and will become the first-ever financial asset sent to space. This endeavor symbolizes the exploration of…
Read MoreLava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023
Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava’s loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated with bridge hacks and custodian rehypothecation. CEO Shehzan Maredia highlighted the advantages of Lava’s borrowing mechanism, stating, “With Lava, people can borrow transparently without rehypothecation risk and without relying on bridges or custodians. Users won’t have to trust their counterparty and can borrow using a system that gives users cryptographic assurance that the rules of their contracts…
Read MoreCash App, Lighting Labs, Lightspark Executives Discuss Bringing Bitcoin Payments To The World
In a panel discussion at the Bitcoin 2023 conference moderated by CNBC technology reporter MacKenzie Sigalos, leaders from some of the biggest businesses building services based on the Lightning Network discussed the opportunities and challenges for Bitcoin’s payments-focused second layer protocol. The discussion, titled “Building Lightning-Native Companies,” featured Elizabeth Stark, the CEO of software development firm Lightning Labs; David Marcus, the CEO of Lightspark, a firm focused on making Lightning adoption easier and more accessible; and Miles Suter, the Bitcoin product lead at Cash App, a mobile payment platform that…
Read MoreBitcoin Lightning Company Lightspark Introduces Lightspark Wallet SDK
Lightspark has announced the launch of the Lightspark Wallet SDK, a tool designed to enable businesses of all sizes the ability to offer their customers a Lightning wallet. According to a press release sent to Bitcoin Magazine, Lightspark aims to make the Lightning Network more accessible and mainstream, ensuring that payments are open, secure and instant. The press release explained that the Lightspark Wallet SDK is the result of careful consideration of businesses’ needs and feedback from customers. The SDK is tailored for seamless usage by businesses of all sizes…
Read MoreInvestors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals
Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession. Flight to Safety: Investors Increase Cash Reserves and Brace for Recession Investors are increasingly gravitating towards cash reserves, as indicated by a recent survey conducted by BOFA, which characterizes this movement as a “flight to safety” in the realm of financial transactions. Notably, stock exposure…
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