Coinbase borrows Goldman Sachs’ first Bitcoin-backed loan According to a report from Bloomberg, Goldman Sachs offered its first ever lending facility backed by Bitcoin to cryptocurrency exchange Coinbase. The exact amount has not been disclosed, but it was collateralized by a portion of Coinbase’s total holdings of 4,487 Bitcoin, worth $170 million at current prices. …

Fidelity set to support Bitcoin for 401(k) accounts Fidelity is warming up even more to Bitcoin. According to reports, the asset manager has unveiled plans to add Bitcoin to its widely popular 401(k) plans. The Wall Street Journal (WSJ) notes that the firm’s Bitcoin retirement savings product will launch later this year. Bringing the option to over 23,000…

IMF Warns: ‘Russia could mine bitcoin to evade sanctions‘ Russia could use cryptocurrency mining to evade sanctions, according to the International Monetary Fund (IMF). It indicated in its report on global financial stability that Russia could be planning to use cryptocurrency mining to circumvent economic sanctions imposed by the United States and the European Union in the wake of…

Tesla to start bitcoin mining Blockstream, Block and Tesla are starting a pilot for solar- and battery-powered bitcoin mining. It uses the solar and storage technology from Tesla in Texas; the 3.8 megawatt solar PV array and 12 megawatt-hour Megapack. Blockstream co-founder and CEO Adam Back told CNBC on the sidelines of the Bitcoin 2022…

Lightning Labs raises $70 million to build USD-transfer protocol Bitcoin software firm Lightning Labs has secured a large funding round to enable and further develop the Lightning Network for faster and cheaper Bitcoin and stablecoin transactions. The $70 million Series B funding round was led by Valor Equity Partners with participation from Baillie Gifford, Goldcrest Capital and several other…

MicroStrategy borrows $205 million loan to buy more Bitcoin MicroStrategy’s arm MacroStrategy has received a $205 million loan from Silvergate Bank to buy more Bitcoin (BTC). The business intelligence firm provided a portion of its Bitcoin reserves as collateral to secure the loan. Silvergate Bank, a San Diego-based crypto-focused bank serviced the loan through the Silvergate Exchange Network (SEN)…

Florida Governor wants State to accept Bitcoin for taxes Florida Governor Ron DeSantis says he’s taking steps to enable firms to pay taxes in cryptocurrencies. DeSantis’s comments came during the signing of a financial literacy curriculum bill today. During the press conference, DeSantis said he had directed state agencies to ready themselves to accept taxes in crypto. “We are…

Joe Bides signs Executive Order about crypto U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies. “A presidential executive order on cryptocurrencies would ‘support responsible innovation’ as it coordinates U.S. policy across agencies.” U.S. Treasury Secretary Janet Yellen’s inadvertently published remarks on this statement:

Ukraine buys protection and food from crypto donations Ukraine has reportedly utilized $15 million worth of crypto donations to purchase various non-lethal military supplies which include bulletproof vests, night vision goggles, medical equipment, fuel, and military-grade food rations. The update on the utilization of crypto donations was provided by Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, during…