Swan Bitcoin delays IPO plan, announces shutdown of mining unit
The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts.
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The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts.
Before the June 7 price decline, Bitcoins volatility over the previous 15 days was within the bottom 6% of occurrences.
Swan Bitcoin has simplified Bitcoin saving with automatic recurring buys and one-time buys. Find how Swan Bitcoin works.
As the first financial advisory platform focused purely on Bitcoin, Swan Advisor Services lets advisors monitor, manage and custody their clients’ BTC.
Today, Swan Bitcoin is officially releasing its Bitcoin Benefits Plan which automates the purchasing of bitcoin for employees electing to use the program.
Compton Magic, a premier AAU basketball program, has partnered with Swan Bitcoin to gift bitcoin to players and pay coaches in bitcoin through benefits plans.
HubSpot is a popular CRM tool that many companies use to store their users’ details, such as phone numbers, names, email addresses, etc. These companies use the information they collect to facilitate their marketing attempts. They also use them to monitor the success of their marketing campaigns. So, it’s not surprising that hackers will target the tool because they need those personal details to perpetrate all kinds of exploits targeting those users whose details they have. Related Reading | LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price? This is the major reason for the hit on HubSpot. Unfortunately, many companies who use the tools expose their users to cybercriminals. Some of the companies affected by the hack include Circle, BlockFi, NYDIG, and Swan Bitcoin. Presently, the HubSpot team is saying that what the hackers took was user information stored in their tool. But as for internal information such as passwords, the team said they’re safe. This is possible because the hackers could not access that information since HubSpot is an external tool. Details Of The HubSpot Hack From what the company said, it seems that the hacker aims to exploit stakeholders of these companies and make demands on them. The hacker accessed one of the HubSpot employee accounts and used it to reach out to his targets. He has already reached up to 30 clients, and the number is still counting. We also learned that many of the users of the affected companies are reporting phishing attacks already. The uptick is a target or a lure to expose their password to the attacker via an infected website. This is typical of what these phishing emails do. It will redirect users to a fake website and demand their password, automatically exposing their details to hackers. There have been other incidents like this on HubSpot. For example, two years back, BlockFi also faced this situation when one of the employees’ SIM cards was taken over by a hacker. As a result of the incident, BlockFi employed a Chief Security Officer to prevent such things from happening. Related Reading | What’s Behind LUNA’s Rally, Could Its Price Decouple From Bitcoin? Apart from BlockFi, Pantera Capital also faced this situation last month, and many of its clients got Phishing emails on March 19th, 2022. With all these occurrences, this hack may have occurred even before now. But the company hadn’t revealed when it took place. Featured image from Pixabay, chart from TradingView.com
Swan said it expects the collaborative initiative, Bitcoin Canon, to become the go-to destination for learning about Bitcoin.
The bitcoin-only buying app has raised $8.5 million to date and added Lyn Alden to its board of directors.
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million in assets and around $5.4 billion in liabilities. Banq’s Bankruptcy Filing Exposes [...]
The post Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection appeared first on Crypto Breaking News.
The company says that around 1 of every 100 bitcoins mined globally is mined by Swan.
Is Mark Zuckerberg sincere about promoting free speech on his platforms or is he trying to mend political fences with the incoming Trump administration?
Tether, the leading issuer in the stablecoin sector, has initiated legal proceedings against Swan Bitcoin in the High Court of England and Wales, according to a Jan. 15 statement shared with CryptoSlate. The stablecoin company claimed that Swan had significantly breached their agreements, prompting the lawsuit to safeguard its investment. Tether stated: “Swan has acted […]
The post Tether claims Swan Bitcoin was ‘reckless,’ escalates legal war after mining venture fallout appeared first on CryptoSlate.
Tether has escalated its legal conflict with Swan Bitcoin, suing the company for breaching their joint venture agreement in the Bitcoin mining project “2040 Energy.” This lawsuit marks a critical juncture in their business relationship. Tether Sues Swan Bitcoin Tether has initiated legal action against Swan Bitcoin in the UK High Court. The stablecoin company […]
Tether confirmed to Cointelegraph that it had sued Swan Bitcoin over alleged contract breaches in a joint Bitcoin mining venture.
According to Steven Lubka, the head of private clients and family offices, as well as the managing director at Swan Bitcoin, wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB). Lubka stated that his firm has also observed “corporations engaging in treasury diversification” and emphasized that
The post Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive appeared first on BTC Ethereum Crypto Currency Blog.
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