Crypto exchange FTX raises $420 million from 69 investors, in meme funding round

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion. The Bahamas-based firm said Thursday it raised …

Silicon Valley entrepreneur Sam Altman wants to scan your eyes in exchange for free cryptocurrency

Worldcoin’s orb-shaped devices scan people’s eyes in exchange for cryptocurrency. Worldcoin It sounds like something out of a sci-fi movie — metallic orbs that scan people’s eyes to pay them in digital currency. That’s what tech investor Sam Altman has been working on for his new start-up, a company called Worldcoin. Launched out of “stealth” …

Pennsylvania bitcoin miner jumps 52% in Nasdaq debut as bitcoin price hits record

Spence and Beard of Stronghold Aaron Kotowski Shares of Stronghold Digital Mining jumped 52% in their first day of trading on Wednesday, as investors show enthusiasm for nascent companies tied to cryptocurrencies. Trading on the Nasdaq under ticker symbol “SDIG,” the Pennsylvania company, which mines bitcoin from waste coal, priced its stock at $19 a …

Bitcoin jumps to new record above $65,000 after landmark U.S. ETF launch

A visual representation of bitcoin. STR | NurPhoto via Getty Images Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed about 3% to $66,361.54 around 10:30 a.m. ET, topping a previous record of $64,899 set in mid-April. …

Most young crypto traders don’t realize it’s not regulated, UK markets watchdog says

A visual representation of cryptocurrencies. Jakub Porzycki | NurPhoto | Getty Images LONDON — Most cryptocurrency investors under the age of 40 don’t realize it isn’t a regulated product, according to the U.K. Financial Conduct Authority. Cryptocurrencies are not regulated in the U.K., meaning people are not protected by consumer protection laws if their funds …

Coinbase stock rises after Facebook taps it for help on new cryptocurrency project

A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. Dado Ruvic | Reuters Facebook launched its new digital wallet for cryptocurrencies called Novi Tuesday, and it hired Coinbase to help with the logistics. In an announcement out early Tuesday, Coinbase said it would be storing the cryptocurrencies that Facebook …

Jack Dorsey says Square may build a bitcoin mining system, adding to bitcoin price surge

Square CEO Jack Dorsey said late on Friday the company might jump into the bitcoin mining business. Dorsey tweeted that the company is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” The price of bitcoin rose above $62,000 following Dorsey’s string of tweets, as the world’s …

Bitcoin is inches away from reaching $60,000 amid ETF speculation

Bitcoin on display. Chesnot | Getty Images Bitcoin climbed Friday to hit a five-month high, and was inches away from hitting $60,000. The world’s biggest cryptocurrency surged as high as $59,920, notching its highest level since May. 10. But it struggled to break above the $60,000 mark. Bitcoin was last trading 2.5% higher over the …

Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia now tells CNBC that after testing it out, the …

U.S. officially the top destination for bitcoin miners, beating out China for the first time

The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it was already trending in that direction, new data from Cambridge University released early Wednesday makes it official. As of July, 35.4% of bitcoin’s hashrate – an industry term used to describe the collective computing power …