Tag: America

Bakkt stock tumbles nearly 30% after losing Bank of America and Webull

coiner

Crypto firm Bakkt’s share price plummeted over 27% on March 18 after the company revealed that two of its largest clients, Bank of America and Webull, would not be renewing their commercial agreements. In a March 17 regulatory filing, Bakkt said it had received notice of Bank of America not renewing its commercial agreement when the deal expires on April 22. It also disclosed that the brokerage platform Webull had also decided not to renew its agreement when it ends on June 14.  Bank of America represented 17% of Bakkt’s…

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Detroit Aims to Drive Digital Asset Innovation on Day Three of the America Loves Crypto Tour

coiner

Crypto-natives and fans of Detroit rapper Big Sean flocked to the Lager House, just outside of downtown Detroit, for the third stop of the America Loves Crypto Tour. The event provided both an evening of live entertainment and a call to action to get out the crypto vote in the upcoming 2024 elections following previous stops in Arizona and Nevada. Michigan is considered a battleground state, and the Stand With Crypto Alliance sees the state’s 940,000 bi-partisan Bitcoin and crypto owners — 25,000 of which are Stand With Crypto members…

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Nevada Welcomes Bitcoin and Crypto: Day Two of the America Loves Crypto Tour

coiner

The speakers and performers at the second night of the America Loves Crypto tour were just as impassioned and driven to get out the crypto vote as those from the first night of the tour. The political figures and crypto industry leaders present at this event, which took place at The Space in Las Vegas, included Sonny Vinuya, Outreach Director for Nevada Governor Joe Lombardo (R); Rudy Pamintuan, Nevada Lieutenant Governor Stavros S. Anthony’s Chief of Staff (R); Nevada State Treasurer Zach Conine (D) and Kate Rouch, Chief Marketing Officer…

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MicroBT Brings ASIC Manufacturing To America In Partnership With Riot Platforms

coiner

Riot Platforms, the largest public U.S. Bitcoin mining company in terms of developed capacity, has made a groundbreaking announcement regarding a partnership with Bitcoin ASIC manufacturer, MicroBT. The two major bitcoin companies will bring the production of MicroBT’s ASICs to America. The collaboration aims to secure miners for Riot’s Corsicana facility, significantly boosting the company’s mining capabilities. According to a press release shared with Bitcoin Magazine, this development comes as Riot’s Corsicana facility is set to increase the company’s developed capacity to 1.6 GW. “This agreement directly repudiates every major…

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