Wednesday, November 6, 2024

Bybit Expands Global Presence With VASP Registration by the National Bank of Georgia

Bybit Strengthens Foothold in the Caucasus Region With Virtual Asset Service Provider Registration by the National Bank of GeorgiaBybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, […]

via Bitcoin.com

Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year

Bitfufu Reports Q3 2024 Financial Results With Revenue Surging 47.5% Year over YearNasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The […]

via Bitcoin.com

Riot’s Monthly BTC Output Up by 23%; Company Calls October Production ‘New Post-Halving Milestone’

Riot's Monthly BTC Output Up by 23%; Company Calls October Production 'New Post-Halving Milestone'Bitcoin mining company Riot Platforms reported a 23% increase in bitcoin production in October, driven by increased hashrate and operational efficiency. Riot’s Latest Financial Update Bitcoin mining giant Riot Platforms (Nasdaq: RIOT) recently announced that it mined 505 bitcoins (BTC) in October, a 23% jump from the 412 bitcoins mined in September. In the same […]

via Terence Zimwara

Tuesday, November 5, 2024

Eric Trump to Speak at Bitcoin MENA in Abu Dhabi

PRESS RELEASE. Abu Dhabi, UAE – November 5th, 2024 – Bitcoin MENA has announced Eric Trump as a keynote speaker at its upcoming conference on December 9-10, 2024, at the world-renowned ADNEC Centre in Abu Dhabi. This announcement underscores the conference’s growing influence and highlights Abu Dhabi’s emerging role as a central hub in the […]

via Media

Bahrain-Backed Bank Launches Digital Asset Custody Service

Bahrain-backed Singapore Gulf Bank has launched digital asset custody and trading services, positioning Bahrain as a hub for digital finance and connecting Asian and Middle Eastern markets. Bahrain Aims to Connect Asian and MENA Markets Bahrain-backed Singapore Gulf Bank has launched digital asset custody and intuitive trading solutions services. The bank is also set to […]

via Terence Zimwara

Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets

Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client AssetsKraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in […]

via Bitcoin.com

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Alibaba's Metaverse Unit Layoffs Dozens as Interest WanesAlibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens of employees at its metaverse unit, Yuanjing, as part of a restructuring exercise. […]

via Terence Zimwara