Dunamu – the company behind South Korea’s leading crypto exchange Upbit – plans to invest 500 billion won ($380 million) in the next five years and create approximately 10,000 new job positions. Expansion Amid the Crypto Winter The bear market and the outflow of investors’ interest in the industry have caused numerous companies to reduce...Read More
The blockchain gaming platform Animoca Brands has reportedly raised $75 million in a funding round, and its valuation soared to $5.9 billion. Despite the Bear Market, Animoca Has a ‘Long-Term Vision’ In January this year, the Hong Kong-based company secured a $360 million fundraiser led by Liberty City Ventures, Winklevoss Capital, and Soros Fund Management. According to...Read More
Prominent NFT marketplace – Magic Eden – has announced the launch of a new venture capital fund that will focus primarily on investments in Web3 games. According to the official press release, with the new gaming investments arm, called Magic Ventures, the company expects to tap the “next wave of creativity and innovation in Web3...Read More
Charlie Munger – Vice-Chairman of Berkshire Hathaway – has reignited his ire for cryptocurrencies and the industry surrounding them. In his latest criticism, he deemed the entire space an “open sewer” overrun by bad actors selling valueless digital coins. Never Touch Crypto, says Munger In an interview published in the Australian Financial Review on Tuesday,...Read More
A blockchain’s computational power is widely acknowledged to be its major advantage. In a sense, it prompts market participants to take advantage of the network and look for profitable possibilities. Scalable blockchains that can support more transactions have seen tremendous expansion. The exceptions are Bitcoin and Ethereum, both of which are frontrunners. However, Ripple has...Read More
The world’s largest cryptocurrency recorded one of the worst monthly price performances in history in June. This month, too, has been kind to it. The current market structure has many hallmarks of the later stage of a bear market. And while many bottom formation signals have formed, Bitcoin is yet to establish a “resilient” one...Read More
By Brian Armstrong, CEO and Co-founder As companies scale, they usually slow down and become less efficient. It takes more dollars, more people and more time to get anything done. Coordination headwinds increase, vetocracies emerge, risk tolerance fades, and teams become inwardly focused instead of staying focused on their customers. While this trajectory is natural,...Read More
Bitcoin mining companies in Texas turned off their machines in anticipation of extreme weather conditions. In some parts of the state, temperatures are expected to surpass 40 degrees (Celsius) which, combined with the electricity consumption of the aforementioned firms, could lead to outages of the energy network. Brace for the Heat Wave In an interview...Read More
[PRESS RELEASE – Kongens Lyngby, Denmark, 12th July, 2022] A long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the enforcement of digital asset transactions. Today, Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain...Read More
[PRESS RELEASE – Majuro, Marshall Islands, 12th July 2022] Gate.io, one of the foremost cryptocurrency exchanges, is accelerating its global strategy and, as a result, hiring and expanding operations in several key countries, including Turkey, Japan, Brazil, and others. Regardless of the current state of the market, the exchange is pressing forward in its push...Read More
Derivatives and spot crypto trading platform BitMEX has deferred the launch of its native coin, BMEX, because of the current bearish market trends. Now, the company will not list the token on BitMEX Spot Exchange, it said in a PR on Tuesday. In May 2022, BitMEX, one of the world’s oldest crypto trading platforms, launched...Read More
Cardano price in recent times has shed off its volatility to a large extent that has compelled the price to trade within minor regions. Presently, the ADA price has broken down from the crucial support intensifying the bearish trend. The plunge has currently dragged the price close to the crucial support close to $0.4, beyond...Read More
After a brief hiatus across social media channels, 3AC co-founder Zhu Su tweeted that their “good faith” to cooperate with liquidators of the hedge fund was “met with baiting.” He also posted snapshots of emails sent by Advocatus Legal LLP, the Singapore-based law firm acting on behalf of the fund’s founders, which mentioned that they...Read More
The hacker targeted the liquidity providers of the Uniswap v3 protocol to execute an elaborate phishing campaign. More than $8 million in ETH was believed to бе lost so far in the attack. Uniswap v3 Protocol LPs Targeted Metamask security analyst Harry Denley was the first one to detect the incident. He observed that 73,399...Read More
Crypto winter may be extended until the physical winter in Q4 and even the early Q1 next year, implied CoinShares Chief Security Officer Meltem Demirors in the latest interview with CNBC. According to data collected by Demirors, no signs indicate that an upside catalyst is in sight, sparking a speedy recovery from the months-long downward...Read More
The crypto exchange KuCoin denied the rumor that it had joined some competitors in massively trimming staff size amid weakened market conditions. Instead, the CEO Johnny Lyu revealed his company will keep hiring in the coming months. In the wake of exchange giants such as Coinbase, CryptoCom, and Bybit imposing a significant cut on headcounts...Read More
Abstract: In this piece we explore why Dapps are typically built on Ethereum rather than Bitcoin, which takes us all the way back to March 2014. We examine a debate about whether and how a Dapp protocol called Counterparty should use Bitcoin’s blockchain. This was sometimes called “The OP_Return Wars”. We explain the history of...Read More
To our community of dedicated BitMEX traders – we have made the decision to postpone the listing of the BMEX Token on our spot exchange. The reason is quite simple. Although we are ready to list BMEX, the present market conditions are not ideal, and we want to list the token in an environment that...Read More
Revolut, a global financial app, has joined a growing list of companies advancing cryptocurrency education through the “Learn and Earn” initiative. The concept rewards users with crypto for learning about essential topics in the blockchain industry. Revolut Partners Polkadot to Launch “Learn and Earn” In a press release shared with CryptoPotato, Revolut, valued at $33...Read More
