Blockstream, a leading bitcoin infrastructure provider, announced on January 24 that it had raised $125 million in funding to expand its institutional bitcoin mining services. This fundraising round was led by Kingsway Capital, a UK-based private equity fund, and included participation from other investors such as Fulgur Ventures and Cohen & Company Capital Markets. This...Read More
Nayib Bukele – the President of El Salvador – revealed that the government repaid its $800 million bond plus interest the same day it was set to mature. Settling the bond comes despite the pessimistic views that the nation will experience financial challenges due to its bitcoin forays. ‘We Just Paid in Full’ El Salvador’s...Read More
The so-called “Bitcoin Jesus,” Roger Ver, has been summoned to repay over $20 million in damages to Genesis after failing to settle certain cryptocurrency options transactions before the payment deadline. The investor has been given 20 days to answer the summons, after which he will be forced to pay reparations by default. As reported by...Read More
Pantera Capital – a blockchain-focused institutional asset manager – has released a report reviewing the state of the blockchain industry in 2022, and what to expect on the technological and adoption front going forward. The report predicted that crypto has already bottomed and that the next market cycle will be defined by greater adoption of...Read More
The year started on a bullish note which aided the world’s largest altcoin to sprint towards its pre-FTX market cap levels. Days after struggling to overcome $1,600, Ethereum finally climbed past the resistance level on Tuesday amidst a broader market rally. Even as certain group of investors looking to pocket quick gains began offloading the...Read More
Bitcoin has been moving higher as the equity markets fetched more gains. The world’s largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump. Needless to say, the ongoing rally has sparked concerns over...Read More
The world’s largest digital asset manager – Grayscale – will reportedly present its arguments in court regarding the potential launch of a Bitcoin ETF in the US on March 7. The United States Securities and Exchange Commission (SEC) will argue against this. The Lawsuit is Approaching Grayscale has displayed its intentions to introduce an exchange-traded...Read More
Polygon price is heavily consolidating along the upper resistance that appears to be crucial as it displays coins’ potential to barge through the levels ahead. Despite significant bullish pressure, the MATIC price continued to sustain above $1 flashing bullish signals for the next few days. The price with the fresh surge is testing one of...Read More
The hacker of Wormhole, one of the largest cross-chain bridges between Solana and other blockchains, has moved stolen funds of $155 million worth of ETH for the first time in months to a decentralized exchange. Blockchain data by analytic platform CertiK revealed that 95,630 ETH was sent to the OpenOcean DEX before being converted into...Read More
[PRESS RELEASE – Please Read Disclaimer] A newly added phase 4 of the presale commences as over 8 million tokens are sold in 24hrs. Orbeon Protocol (ORBN) is a decentralized investment platform that will allow everyday investors to purchase tokens from various web2 and web3 early-stage projects. Orbeon Protocol includes an inbuilt wallet, an on-ramp...Read More
[PRESS RELEASE – New York, United States of America, 23rd January 2023] Yesports.gg, the leading gateway for web3 gamers and esports fans, announced today that registration is now open for the highly-anticipated “Convergence 2023” event. The largest digital web3 gaming to esports conference, hosted by Yesports founder Sebastian Quinn, will take place over three days...Read More
Initially the crypto market started the day on not so good terms, but one currency that has been holding on to its bullish momentum is Bitcoin. While the King currency is holding on to its $23,000, it suggests that investors are still positive on Bitcoin. This has resulted in the global crypto market moving past...Read More
One of the latest big names in crypto to go under, Genesis, filed for bankruptcy on the 20th of January. However, unlike other high-profile cases, the company’s asset book doesn’t look that bad. In fact, recent reports claimed that creditors might receive at least a portion of their funds soon. Restructuring Plan Already on the...Read More
The embattled crypto company has around $160 million in loans backed by 68,000 Bitcoin mining rigs which it needs to sell. The New Jersey-based firm started the bidding process for the loans last year, according to a Jan. 24 Bloomberg report citing ‘people familiar with the matter.’ They added that some of these loans have...Read More
Gemini – the Winklevoss-owned cryptocurrency exchange – has commenced its third round of job cuts in under a year, dismissing another 10% of its workforce. Cameron Winklevoss claims the layoff was motivated by a combination of macroeconomic pressure and “unprecedented fraud” within the crypto industry. Gemini’s Shrinking Team As reported by The Information on Monday,...Read More
One of the poorest countries – the Central African Republic (CAR) – formed a team of 15 agencies, whose responsibility will be to draft a “comprehensive” cryptocurrency bill. The nation made the headlines last year, becoming the second after El Salvador to embrace bitcoin as a legal tender. Another Crypto Step Faustin-Archange Touadéra – President...Read More
On January 23, South Africa’s Advertising Regulatory Board (ARB) introduced new cryptocurrency-focused rules into the nation’s advertising code to protect consumers from misleading advertising. The new guidelines aim to ensure that cryptocurrency advertisements accurately state the risks involved with all cryptocurrency investments, making it clear to consumers that they stand to lose their capital due...Read More
