Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks

bitcoin tim draperTim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB). Tim […]

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Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research 

Unredacted Financial Documents Show Blockfi's $1.2 Billion Connection with FTX, Alameda Research Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 […]

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Bitwage Raises $1.5 Million in Latest Funding Round

bitwageBitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from […]

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Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto

Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in CryptoThe Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin and cryptocurrency payment services provider Bitpay has announced the launch of a new product called […]

The post Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto appeared first on Bitcoin News.

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