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Bit Digital Exits BTC Mining to Focus Solely on ETH Staking Strategy

Bit Digital (BTBT) is changing course to become a dedicated ether ETH staking and treasury operation, the company said Wednesday. The New York-based firm will exit the bitcoin BTC mining business entirely, repurposing its assets and capital into its growing ETH strategy. The company began building its ether position and Ethereum staking infrastructure in 2022. […]

Bitcoin Rises Past $107K as FHFA’s Pulte Orders Crypto Consideration in Mortgage Applications

Bitcoin BTC continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants’ assets. Back above $107,000, the […]

SoFi to Launch Blockchain Remittances With Stablecoins as Crypto Returns to Platform

U.S.-based fintech platform SoFi (SOFI) said on Wednesday it will introduce international remittances through blockchain and stablecoins and allow users to invest in cryptocurrencies this year, making good on its promised digital asset push. The upcoming remittance service will let users send U.S. dollars and select stablecoins to recipients abroad with “well-known” blockchain networks processing […]