BitGo Holdings, Inc., has announced its intention to acquire Prime Core Technologies, Inc., the parent company of Prime Trust. According to a blog posted by BitGo, the acquisition aims to bring business continuity, long-term stability and regulated, secure services to Prime Trust clients. Prime Trust expressed excitement about the potential partnership. Jor Law, Prime Trust’s Interim CEO and President, said he believes that the combination of Prime Trust and BitGo will be a game-changer for the industry, stating, “No other company will have the breadth of product and services nor…
Read MoreDay: June 8, 2023
SatoshiLabs Introduces Vexl Foundation With KYC-Free P2P Bitcoin App And Financial Tyranny Index
SatoshiLabs, the creator of the Trezor hardware wallet, has announced the launch of the Vexl Foundation at the BTC Prague conference. A press release shared with Bitcoin Magazine said the foundation aims to restore financial power to individuals and promote personal and financial freedoms. It takes a critical stance against KYC practices and, according to the release, believes that technology should empower individuals rather than control them. The Vexl Foundation has also introduced the Financial Tyranny Index (FTI), which measures the extent of statist interventions in the financial space. Initial…
Read MoreFedi Hosting First Ever Pop-Up Federation At BTC Prague
BTC Prague and Fedi are teaming up to launch the first-ever “Pop-Up Federation” on the OS, providing attendees of the BTC Prague conference with a unique opportunity to test Fedi Alpha, the builder-focused early release of the federated operating system. The Prague Pop-Up Federation will offer exclusive features to invitees, including the ability to broadcast messages on chat, use sats (satoshis) and access Sites sessions with event information. The event, only available during the conference, aims to turn it into a proving ground for Fedi Alpha, with attendees serving as…
Read MoreZEBEDEE Announces Alpha For New Social Layer Powered By Nostr
ZEBEDEE, a company known for its Lightning-powered ecosystem, has unveiled the alpha version of its latest app upgrade, Social. According to a press release shared with Bitcoin Magazine, this groundbreaking social layer introduces a new paradigm for social media, where engagement and content are transformed into monetary value. Creators on the platform will retain an impressive 99% of their earnings according to the release, providing what ZEBEDEE describes as a fair and value-driven experience. The ZBD app, powered by Nostr, a decentralized protocol with over 2 million users created at…
Read MoreBitcoin Can Save California’s Largest Pension Fund From Its Existential Problems
This is an opinion editorial by Dom Bei, the former Santa Monica Firefighters Union president. Author’s note: Pension issues have been in and out of the media for decades. My own background and perspective on these issues come from over a decade of experience as an executive board member for my local firefighter’s union. Additionally, I sat on my municipality’s pension advisory board, where I learned the fundamentals of pension funds. This is a complex issue, but one worthy of our time and attention due to its significance in the…
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