David Bailey’s Bitcoin firm, Nakamoto, has completed its merger with healthcare company KindlyMD, forming a publicly-traded Bitcoin treasury vehicle with a plan to accumulate 1 million Bitcoin. The merged entity will retain the KindlyMD name and continue trading on the Nasdaq under the ticker NAKA, with Nakamoto operating as a wholly-owned subsidiary. Nakamoto is among…
Read more
US Treasury Secretary Scott Bessent has clarified that his department is still exploring budget-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve — contrasting with his recent comments suggesting the plan was off the table, which triggered a Bitcoin sell-off. “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the…
Read more
Several US banking groups led by the Bank Policy Institute (BPI) urged regulators to close what they say is a loophole that may indirectly allow stablecoin issuers and their affiliates to pay interest or yields on stablecoins. In a Tuesday letter to Congress, BPI warned that a failure to close the so-called loophole in the…
Read more
The founders of HashFlare, a crypto mining company behind a $577 million Ponzi scheme, have escaped additional jail time after admitting to their roles in the scheme. Sergei Potapenko and Ivan Turõgin have been in custody for 16 months, and Seattle Federal Court Judge Robert Lasnik gave them time served in their sentencing hearings on…
Read more
US fast-food chain Steak ‘n Shake has tipped its hat to Bitcoiners after reporting a 10.7% quarter-on-quarter same-store sales increase in Q2 — outpacing America’s top food chains over the same timeframe. “Bitcoin has been a game changer,” Steak ‘n Shake posted to X on Friday, thanking Bitcoiners for their contributions since May 16, when…
Read more
Ethereum core developer Federico Carrone, known as “Fede’s Intern” on X, confirmed he has been released after being detained in Turkey for 24 hours over alleged links to a Ethereum privacy protocol. “I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I…
Read more
Bitcoin miner MARA Holdings is making its biggest AI play to date, signing a $168 million deal to buy a 64% stake in Exaion, a subsidiary of French state-owned Électricité de France, one of the world’s largest low-carbon energy producers. The agreement, announced on Tuesday, includes an option for MARA to raise its stake to…
Read more
The price of Bitcoin shot above $122,000 on Monday, building on momentum from a bullish executive order in Washington and three straight days of spot Bitcoin exchange-traded fund inflows to close out last week. Henrik Andersson, chief investment officer of Apollo Crypto, said the move was overdue following a month of consolidation. “In our view…
Read more
Bitcoin OG Willy Woo said Bitcoin is the “perfect asset” for the next 1,000 years, but says it won’t overtake the US dollar and gold unless it attracts significantly more capital. “The thing is, you dont get to change the world unless this monetary asset — in my opinion, the perfect asset for the next…
Read more
Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second…
Read more