- One Of Panama’s Largest Banks Just Became Bitcoin-Friendly
- Bitcoin Miner Bitzero To Build $500 Million Headquarters In North Dakota
- Kenya’s Largest Power Provider To Offer Geothermal Energy To Bitcoin Miners
- Human Rights Leaders Pen Letter To US Congress For Responsible Bitcoin Legislation
- PayPal Now Allows Bitcoin Transfers To External Wallets
- Achieva Becomes Florida’s First Credit Union To Allow Customers To Buy Bitcoin
One Of Panama’s Largest Banks Just Became Bitcoin-Friendly
Towerbank, a top 30 banking institution in Panama, just declared itself bitcoin-friendly in an announcement
on Twitter from Cristobal Pereira, the executive director of the Latam Blockchain Summit, the meetup where Towerbank made the announcement. Following the announcement from Pereira, Towerbank’s Twitter account confirmed
the announcement by stating “Towerbank, in Panama, opens its doors to bitcoiners and cryptocurrency investors,” and then followed up with a laser-eyed meme of its headquarters. A video
released by the Blockchain Space Instagram account shows Towerbank’s vice president of product, Gabriel Campa, explaining the institution is studying bitcoin and other cryptocurrencies. Campa further explained “And we hope to have something soon to offer our customers,” referring to product offerings for bitcoin-based products. Campa continued by stating “We want to work with you and know what we can create to help you be part of this new world.”
Bitcoin Miner Bitzero To Build $500 Million Headquarters In North Dakota
Bitzero Blockchain Inc., a 100% renewable bitcoin mining company, is making North Dakota the central headquarters for its North American operations. The miner distilled the plans on Thursday in a joint press release
with the governor of North Dakota’s office and notable investors such as Kevin O’Leary. Company officials stated plans to invest $400-$500 million in the upcoming data center and also announced plans to partner with MHA Nation’s greenhouse project which will allow heat from Bitzero operations to be used for food production throughout the year. “It helps Main Street, it helps every citizen, it takes our state off the dependence of being, as we have been for over 100 years, dependent on revenues at the state level,” said North Dakota’s Governor Doug Burgum. While the location of Bitzero’s headquarters has yet to be announced, the CEO stated it will likely be located in Bismarck or Fargo and will employ 15-20 people for operations. The bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years. In addition to the data centers, the company also plans to develop an assembly and distribution hub for graphene batteries technology which is expected to represent a $200-$500 million investment over the next two to three years. Currently, Bitzero has raised $100 million through investment capital with plans to launch a Canadian initial public offering (IPO) within the next 60 days.
Kenya’s Largest Power Provider To Offer Geothermal Energy To Bitcoin Miners
KenGen (Kenya Electricity Generating Company PLC), the leading supplier of electricity in Kenya, wants to provide excess geothermal power to bitcoin mining companies, according to a report from Quartz Africa
. “We have the space and the power is near, which helps with stability,“ KenGen’s geothermal development director, Peketsa Mwangi reportedly explained in an interview. Kenya is the top producer of geothermal energy in Africa delivering over 14,000 megawatts (MW) of power with an equipment capacity of only 863 MW. Along the Rift Valley circuit alone, an estimated 10,000 MW of geothermal energy lies largely dormant. Miners looking to take advantage of this offering have already approached KenGen to discuss the offer and “Some have requested to start with 20 MW and upscale later,” said Mwangi. Considering there are no bitcoin mining firms currently in Africa, it is reported that those interested in the offering are expected to be mainly from the U.S. or Europe.
Human Rights Leaders Pen Letter To US Congress For Responsible Bitcoin Legislation
An open letter
of support for responsible bitcoin and stablecoin policy was released today, signed by 20 human rights leaders from 20 different countries, asking the U.S Congress to consider the far-reaching implications of irresponsible legislation. The announcement
came from Alex Gladstein, chief strategy officer of the Human Rights Foundation. “We write to urge an open-minded, empathetic approach toward monetary tools that are increasingly playing a role in the lives of people facing political repression and economic hardship,” the letter explained. “We are not industry financiers or professional lobbyists but humanitarians and democracy advocates who have used Bitcoin to assist people at risk when other options have failed.” The letter is a direct response to another letter
, recently penned by 1500 computer scientists, software engineers, and technologists asking for “responsible” legislation for bitcoin and other cryptocurrencies. The latter, however, stated that the signatories disagree with any narrative claiming bitcoin or stablecoins are positively affecting financial innovation.
PayPal Now Allows Bitcoin Transfers To External Wallets
PayPal, a financial services giant, has enabled customers to now send, receive and transfer bitcoin and other cryptocurrencies between wallets and exchanges, in a press release
from the company. The financial services company noted in the release that this has been the most consistently requested feature since it began allowing users to purchase bitcoin on the platform in 2020. Whether customers choose to send their bitcoin to an exchange, hot wallet, or hardware wallet, those users will now have the choice of self-custody. “Allowing PayPal customers the flexibility to move their crypto assets [bitcoin and other cryptocurrencies] into, outside of, and within our PayPal platform reflects the continuing evolution of our best-in-class platform and enables customers to interact with the broader crypto ecosystem,” said Jose Fernandez da Ponte, Senior Vice President, and General Manager. PayPal also noted that it has been granted a BitLicense, a New York requirement for bitcoin and other cryptocurrency-focused businesses, making the company the first to convert a conditional BitLicense to a permanent one. The focus on commerce, rather than operating as an exchange, allows PayPal to function without fees associated with bitcoin transactions. Rather than being a central exchange, PayPal looks toward evolving commerce using tools like Checkout With Crypto
, which allows users to interact with millions of merchants worldwide using bitcoin.
Achieva Becomes Florida’s First Credit Union To Allow Customers To Buy Bitcoin
Florida-based Achieva Credit Union became the first credit union to offer customers the ability to buy and sell bitcoin through a new app, according to a report from the Tampa Bay Times
. The app reportedly went live this past Tuesday through a partnership with bitcoin bank NYDIG, which specializes in connecting traditional financial infrastructure to the bitcoin ecosystem. Previously, Achieva customers were only capable of making bitcoin trades through third-party applications. Tracy Ingram, chief digital and infrastructure officer at Achieva, explained that integrating the service into the credit union’s proprietary app would give a greater level of access to its customers. In fact, in the past year, Achieva watched as $2.6 million of third-party bitcoin transactions took place, according to Ingram. Customer curiosity since the enabling of these extended services has widely grown for the credit union.
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