Bitfarms settles $21M debt with one-time cash payment of $7.75M
Bitfarms, has paid an insolvent cryptocurrency lender BlockFi a one-time cash settlement of $7.75 million to satisfy a $21 million debt. According to a press release from February 9, Bitfarms and BlockFi modified their prior loan arrangement to permit the cryptocurrency miner to pay the $21 million principle and interest debt owed to BlockFi in […]
Bit2Me, Mastercard introduce 9% Cashback Debit Card
The biggest cryptocurrency exchange in Spain, Bit2Me, launched its new cashback debit card in a cooperation with Mastercard on February 10. The new debit card draws on the technology used in the Bit2Me crypto card already in existence, but this time, cardholders are qualified for up to 9% cryptocurrency payback. The Mastercard network, which is […]
Polkadot assists victims of Turkey, Syria earthquake
Polkadot is the most recent crypto company to contribute to the effort of raising money for the millions of earthquake victims in Turkey and Syria. In order to help those impacted by the magnitude 7.8 earthquake that shook southeast Turkey and parts of Syria on February 6, 2023, the decentralized blockchain platform Polkadot has invited […]
Genesis-backed Coin Cloud files for bankruptcy
According to a petition presented on February 7, cryptocurrency ATM provider Coin Cloud has filed for bankruptcy. The lawsuit states that there may be 10,000 creditors for Coin Cloud. Additionally, it has liabilities between $100 million and $500 million and assets between $50 million and $100 million. Notably, Genesis Global Capital, Coin Cloud’s single-largest creditor, […]
Concordium, ClimaFi collaborate on carbon credit trading
In order to launch a distinctive platform on the blockchain network, ClimaFi has partnered with Concordium. The science-based Proof of Stake blockchain network Concordium has joined forces with ClimaFi, a technology and climate company with offices in Switzerland and the United Kingdom, to launch CLMT Exchange, a platform for trading carbon credits. According to official […]