The US-based cryptocurrency platform FalconX closed a $150 million fundraiser led by the investment giants – GIC and B Capital, and its valuation surged to $8 billion. Despite the Crash, FalconX Keeps Progressing In a recent interview for Reuters, FalconX’s Founder and CEO – Raghu Yarlagadda- said his company’s valuation was less than $4 billion...Read More
India’s biggest crypto fraud to date continues to throw up new details, extending the size and scope of the scam even four years after the case first came to light. Earlier, the police estimated that the GainBitcoin scam involved about 80,000 BTC, but now they suspect the number to be anywhere between 385,000 to 600,000,...Read More
Tl:dr Later this year, we’ll begin sunsetting Coinbase Pro to migrate all advanced trading into one unified Coinbase account, bringing customers access to popular features like staking, Borrow, dapp wallet, and Coinbase Card from a single platform balance. Advanced Trade on Coinbase.com is already available globally, with the same volume-based fees as Coinbase Pro. Over...Read More
The blockchain-based payments company – Roxe Holding – reportedly struck a $3.6 billion SPAC deal with Goldenstone Acquisition Ltd to become a publicly-traded enterprise with a ticker symbol “ROXE.” NASDAQ’s Next Participant Despite the unfavorable condition of the cryptocurrency market, Roxe Holding and Goldenstone Acquisition decided to enter into a $3.6 billion collaboration and join...Read More
The multinational financial services firm Citibank has partnered with METACO – a digital asset custody provider – to start developing and piloting digital asset custody services. In a press release from Citi, the bank revealed that the companies will work together to build a platform that lets clients securely store and settle digital assets. The...Read More
After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor...Read More
Digital assets-focused firm Arcane’s latest research on bitcoin miners indicates that public-traded companies sold 100% of their mined coins in May due to declined profit margins and volatile market conditions. The selling rate drastically jumped from roughly 30% in the first four months of 2022. HODL Strategy During the bull market, publicly-traded bitcoin miners tended...Read More
A brand new genre of games is ready to enter the world of online gaming. The NFT project, Monster Racing League, is spearheading this development, and they seek to put the fun back into P2E games. Monster Racing League is releasing it’s first wave of 5000 containers on Friday the 24th of June, and this...Read More
By Sid Coelho-Prabhu, Director of Product Management, and Jeff Hinojosa, Product Manager Tl;dr We have completely redesigned the Coinbase Wallet mobile app to be more intuitive and visually-compelling. With best-in-class multichain support that now includes Solana, one tap access to view your DeFi positions, dark mode, and real time price charts, the new Wallet app...Read More
Bank of England Deputy Governor Jon Cunliffe became the latest person to juxtapose the dot-com bubble to the current cryptocurrency crash. BOE’s Take on Crypto Crash Cunliffe said he expects crypto technology and finance will continue to survive in the coming months. Amidst the incessant declines, the exec highlighted that crypto and its underlying tech...Read More
NFTs were undoubtedly the hottest topic of late 2021 and the beginning of 2022. Pushed towards mainstream adoption by projects such as the Bored Ape Yacht Club, Azuki, Okay Bears, and others, NFTs were booming. As the overall market went into a considerable drawdown, with Bitcoin’s price losing close to 70% of its value in...Read More
[PRESS RELEASE – Please Read Disclaimer] Aims to increase headcount to 1,000 by end of 2022 Singapore, 21 June, 2022 – Leading global digital-asset trading platform – Bitget, is slated to double its workforce to reach 1,000 headcounts in the next six months despite the current market downturn. Since the beginning of the second quarter...Read More
Cardano‘s price for a pretty long time is attempting to break above the $0.5 levels but failing profusely. Moreover, the depleted volume also raises concerns about the upcoming rally as the trade set-up may appear to be pretty bearish. But the ADA price is secretly signalling a huge bullish signal that may uplift its price...Read More
Citing the need to meet customer liquidity requirements in these challenging times, the US-based crypto platform said it had secured the loan in the form of a credit facility just a day after FTX provided the same type of a loan to BlockFi. The company’s statement informed of the size of the loan, which is...Read More
Michael Sonnenshein, the CEO of the leading crypto asset manager, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could be a positive sign for the industry. SEC Becoming More Comfortable With Bitcoin In a Twitter thread on Tuesday, Sonnenshein noted that he believes the United States Securities and Exchange Commission (SEC)...Read More
According to a Financial Times report, Huobi has filed a civil lawsuit against a former senior manager – Chen Boliang. The then-senior supervisor in the crypto exchange’s institutional purchasers division is now being prosecuted in Hong Kong. Accusations have been leveled against him of fraudulently creating a retail trading account in his father’s name and...Read More
Just shortly after releasing a stablecoin pegged to the Mexican Peso, Tether has introduced a new product focusing on the British Pound. GBPT will first work on top of Ethereum, while other blockchain networks could be added in the future. The company’s announcement reads that the new stablecoin will hit the market in early July...Read More
In a Facebook post on June 21, Zuckerberg said there would also be updates to “help creators build for the metaverse.” He added that he wanted platforms such as Facebook to play a role in the growing creator economy. There were six new updates that Zuckerberg shared in his thread. The first one was more...Read More
Protecting your portfolio from the bear market is now as important as ever. Especially as we might be heading into a global recession (something the crypto world hasn’t experienced yet). After all, much of the market has been in turmoil in recent weeks, so making sure your portfolio has been diversified into the absolute best...Read More
On June 21, Bitfarms, an Argentinean cryptocurrency mining company operating in Canada, announced an adjustment to its HODL strategy so as to improve the company’s liquidity. According to a press release, the company sold a total of 3,000 Bitcoin (BTC) over the last week for approximately US$63 million to improve its corporate liquidity by nearly...Read More
Wealthy members of the crypto industry including brokers, venture capitalists, and investors have contributed over $52 million in political donations during this midterm election cycle. Half of those funds arrived in May alone, with the largest crypto donor of the month targeting Republican candidates. Crypto Reaching Into Politics As reported by Bloomberg on Tuesday, some...Read More
The cryptocurrency payments start-up MoonPay joined forces with Fox Corporations, Universal Pictures, and Death Row Records to launch a non-fungible token platform. The feature, called HyperMint, will allow companies and individuals to mint millions of digital collectibles a day by employing blockchain technology. MoonPay Enters the NFT Universe In a recent interview for CNBC, Ivan...Read More
After experiencing a massive sell-off that saw the price of Bitcoin trade sub $17K, The King Cryptocurrency is now making recoveries into the $21k levels. Today’s live Bitcoin price is $21,497.40 with a 24-hour trading volume of $33,593,846,614 USD. Bitcoin is up 3.86% in the last 24 hours. The current market cap sits at $410,026,889,460....Read More
