The London-based venture capital company Blossom Capital raised $432 million to invest in early-stage tech startups in Europe. The firm has reserved a third of the proceeds for investments in the cryptocurrency industry. Blossom Capital Eyes the Crypto Universe The cryptocurrency initiative, which the British organization launched, does not come as a surprise since its...Read More
Bank Negara Malaysia (the central banking institution of the nation) has reportedly joined the global race to develop a digital version of its national currency. As of the moment, the project is still in a research mode as the county is only “assessing the value proposition” of such a financial product. Malaysia Enters the CBDC...Read More
The public security bureau of Chizhou city in the eastern province of Anhui has frozen six million yuan or nearly $1 million worth of crypto assets and arrested eight people for defrauding its investors since last year. Rug Pull Crypto Scam Chinese authorities have arrested eight in a rug pull scam involving 50 million yuan...Read More
The Cardano Foundation teamed up with its official commercial arm – EMURGO – to launch a joint project. The main goal is to support the ecosystem of the blockchain protocol and accelerate decentralized application development. ‘We Want to Ensure We Enable The Architects of The Future’ According to a recent blog post, the project will...Read More
Intel – the world’s second-largest semiconductor chip manufacturer – appears to be planning a Bitcoin mining chip reveal. At this year’s ISSCC conference, the organization has a presentation scheduled under the “Highlighted Chip Releases” category to showcase a “Bonanza Mine” processor. The Bonanza Mine Processor As reported by Tom’s Hardware, Intel describes the chip as...Read More
The decentralized finance protocol OlympusDAO collaborated with Balancer to set up OHM as a liquid asset within the latter’s network. CopperLaunch and PrimeDAO will facilitate the front end of the Liquidity Bootstrapping Pools (LBPs) by adding OHM as a collateral token. The Specifics of The Project According to a document seen by CryptoPotato, the decentralized...Read More
Moody’s Investors Service recently claimed that El Salvador’s Bitcoin trading activity is boosting the nation’s risk of default. Like most other groups to speak out against the experiment, President Nayib Bukele publicly disregarded their opinion. Moody’s Take On El Salvador The ratings agency discussed El Salvador’s Bitcoin-related risks in conversation with Bloomberg last Wednesday. Analyst...Read More
Animoca Brands has raised $360 million in a fresh round of funding. As such, the valuation of the Hong Kong-based company has doubled since October 2021 to $5.5 billion. The latest round of investments was led by Liberty City Ventures along with Winklevoss Capital and Soros Fund Management. Rise in Valuation in Line With NFT...Read More
Leading cryptocurrency exchange Coinbase has teamed up with payment processing giant Mastercard to simplify purchasing non-fungible tokens. According to an official blog post today, Coinbase is planning to make it easier for newcomers to join the booming NFT market by employing a similar strategy as it did with its cryptocurrency exchange. Despite the growth of...Read More
One of the most common requests we receive from customers is to be able to trade more assets on our platform. As we continue to add assets to our exchange and platforms we have decided that we will no longer post individual blog posts and will only use Twitter to announce new asset listings. Please...Read More
Bitcoin price continues to plunge, building huge bearish momentum that could drag the price close to the crucial support levels around $40,800. No doubt the selling volume is not accumulated that could drag the price down, but there is no buying volume at all and hence a slight selling could drag the price down. Advertisement...Read More
Quantum-resistant Layer 1 hybrid blockchain platform, QANplatform, has announced the launch of its public TestNet, making it the first Ethereum compatible quantum-resistant blockchain platform. World’s First Quantum-Resistant Blockchain According to a press release shared with CryptoPotato, users can now add the QAN TestNet to MetaMask and transact with testnet tokens due to the network’s compatibility...Read More
By Prakash Hariramani, Senior Director, Product Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creator economy and profit from their work, NFTs (Non-Fungible Tokens) have an important role to play in this mission. However, the experience of purchasing an NFT remains complex for many...Read More
Cryptocurrencies appear to be sweeping the internet. It’s a less expensive, faster, and safer way to transact at online casinos than traditional ways. Advertisement So naturally, gaming companies incorporate cryptocurrency to make payments faster and easier for themselves and their clients. You are correct in thinking that you have been inundated with information regarding bitcoin...Read More
The chancellor of the Exchequer, Rishi Sunak, believes cryptocurrencies have the capacity to provide exciting new opportunities for residents in the United Kingdom. However, some misleading advertisements might be obstacles. Crypto Offers New Opportunities According to Sunak, cryptocurrencies offer people new ways to transact and profit through investments in the relatively new asset class. The...Read More
BXM Operations AG, a subsidiary of the leading crypto derivatives exchange, BitMEX, has recently announced its plans to acquire one of Germany’s oldest banks, Bankhaus von der Heydt (BVDH). According to a press release shared with CryptoPotato on Tuesday, the deal is part of BitMEX Group’s “ambitious goal” of positioning itself as a strong player...Read More
A report by the blockchain security company PeckShield said the attack against the popular crypto exchange resulted in 4,600 ETH being siphoned off the platform. At the same time, the company maintains that no user funds were lost. Reports started to emerge yesterday indicating that the Singapore-based digital asset platform had experienced suspicious activity and...Read More
While cryptocurrency markets continue to trade sideways this week, some Metaverse crypto coins are seeing significant price gains. This article looks at the top three Metaverse crypto coins gaining the most price today, January 18th. 3. MiniGame (MINIGAME) +200% Launched in December 2021, MiniGame is a community-driven token deployed on the Binance Smart chain. The...Read More
It’s never been easier to earn interest on Bitcoin. From today onwards, you can earn up to a 6% annual percentage rate (APR) on Bitcoin with BitMEX EARN. And for a limited time, high-volume BitMEX traders will get the chance to reap even higher returns.Fully backed by our insurance fund, one of the largest in...Read More
Polygon – one of the most popular layer-2 scaling solutions of Ethereum – saw its mainnet implement one of the biggest upgrades recently. Namely, this is the Ethereum Improvement Proposal 1559 that will begin burning MATIC tokens as part of every transaction. Polygon Integrates EIP-1559 CryptoPotato reported last week that EIP-1559 was scheduled to go live...Read More
BXM Operations AG, a company founded by our CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany. The deal is subject to approval by BaFin, the German financial services regulatory authority. BitMEX Group is pursuing the ambitious goal of establishing a one-stop...Read More
Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network than ever before. According to a blog post from Binance, the burn removed 1,684,387.11 BNB. At the time of writing, that’s $798,887,962 worth of tokens. 6296 of...Read More
