Guatemala Town Mining Bitcoin With Used Oil – Bitcoin Magazine

A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path outside of the government-controlled economy. Patrick Melder, MD, founder of the circular economy coined “Bitcoin Lake,” told Bitcoin Magazine that its “Kaboom” bitcoin … Read more

Kraken announces leadership succession plan

After a rigorous internal and external search over the past year, Kraken is thrilled to announce that our COO Dave Ripley will succeed Kraken’s Co-founder and CEO Jesse Powell, who will become chairman of the board of directors. Dave has been building the future of financial freedom and inclusion alongside Jesse for six years and … Read more

French Bank Launches Bitcoin Fund Services – Bitcoin Magazine

A French banking behemoth is making it easier for asset managers to offer funds tied to bitcoin. The services are geared to institutions seeking to capitalize on increased demand for BTC and cryptocurrency. The bank promises a “simple and adapted” experience in creating bitcoin funds with its new services. French banking giant Societe Generale has … Read more

Bitcoin, Not Proof Of Stake, Solves Energy – Bitcoin Magazine

This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and energy. The notion that Ethereum’s recent “Merge,” from proof of work to proof of stake, reduces energy consumption by 99.95% is a myth. Nevermind that this calculation excludes expensive enterprise server farms, corporations and the increased work involved in … Read more

Binance Rolls Out Crypto Education Tour in 5 French-Speaking African Nations

To propel blockchain adoption and financial accessibility on African soil, crypto exchange Binance has launched a crypto education tour in five French-speaking countries. Having kickstarted the first meetup in Cotonou, Benin, on September 10, the tour will be extended to four more countries, namely Togo, Côte D’Ivoire, Cameroon, and Burkina Faso, between  September 24 and … Read more

Maple Finance Loans $300m to help Struggling Bitcoin Miners

Maple Finance, Australia-based Decentralized finance (DeFi) firm for institutions to borrow from Liquidity Pools funded by the DeFi ecosystem, announced on Tuesday that it has launched a $300 million fund for Bitcoin miners. The lender established the move as the cryptocurrency mining industry struggles with access to capital markets. Raising capital has become difficult for … Read more