Three months after registering Hashed Venture Fund I, the blockchain-focused investment group Hashed has already raised $120 million. The organization plans to utilize the funds to invest in the blockchain space and other fintech companies focused on protocol economy. Hashed Has Raised $120M In Three Months Based in Seoul, North Korea, Hashed’s mission is to...Read More
Switzerland’s SEBA bank successfully completes a series B fundraiser, giving further merit to the notion that the country is becoming a hub for cryptocurrency business. Another Successful Fundraiser The Swiss start-up bank has officially completed its second stage of capital fundraising. The institution which sells cryptocurrencies to its customers has been planning the Series B...Read More
The regulator alleges that the company conducted a $1.3 billion unregistered securities offering and failing to provide investors with adequate disclosures about XRP. Industry leaders have been lamenting the demise of the company and some creative soul has even created a CNBC parody advising investors on how to short the asset. This is SAVAGE. CNBC’s...Read More
In a Bitcoin-related kidnapping event in Karnataka, India, abductors asked for a 100 BTC ransom for the son of a local businessman and crypto investor. The police managed to capture six suspects on the case, which were all related to the victim’s family. 100 BTC for The Son of A Crypto Investor An eight-year-old boy...Read More
The company itself is offering little assistance and no reimbursements to the escalating number of victims of its slipshod security. The fallout from the second major data leak from the company that promised to be safer than keeping crypto on exchanges is intensifying. On December 21, a hacker leaked the details of as many as...Read More
During a recent live-streamed conference, Justin Sun’s TRON and BitTorrent announced the latest developments within the decentralized streaming platform DLive. They will allow users to employ peer-to-peer technology and become nodes in the growing network while lowering the costs. DLive Protocol’s Latest Improvements According to a press release shared with CryptoPotato, the leading peer-to-peer sharing...Read More
The Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) has granted permission to FV Bank to provide custody services for cryptocurrency assets such as Ethereum and Bitcoin. The institution plans to integrate the new service into its digital banking platform as of early 2021. FV Bank Granted Permission To Be A Crypto Custodian...Read More
Analysts from the US multinational investment bank JPMorgan Chase & Co have doubled-down on their belief that institutional inflows towards bitcoin are crucial for the asset’s price. They warned that if their purchases decline, the cryptocurrency could head towards a violent correction. JPMorgan Confirms: Institutions Are Key For Bitcoin While most financial assets have suffered...Read More
Bitcoin has become a part of the mainstream media. A few years ago, it was odd to tweet about the most famous cryptocurrency publicly. However, during the previous months, a growing number of the world’s most influential figures and companies discuss Bitcoin. Elon Musk is considered a veteran fan of Bitcoin and the other cryptocurrencies,...Read More
The digital asset trading venue has reportedly doubled-down on its endeavors for its planned stock market listing. The US multinational investment bank Goldman Sachs, which has a somewhat controversial history with the cryptocurrency industry, will lead the preparations. CryptoPotato reported recently that the exchange had confidentially submitted a draft registration statement with the US Securities...Read More
The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack. $7.7M Taken In A Flash Loan Attack The significant growth of the DeFi space that...Read More
More than a year after joining forces with Ripple, Adam Holmes, CEO of U.S.-based money transfer giant, MoneyGram, told CNN in an interview today that the partnership has evolved and is pushing boundaries. In June 2019, the companies announced a strategic partnership that would see Ripple shell out a $50 million capital commitment to MoneyGram....Read More
With bitcoin marching to new all-time highs and dragging most alternative coins higher as well, the assets under management for the leading crypto manager Grayscale jumped to nearly $14 billion. This is a 7-fold increase for the company whose managing director categorized 2020 as the “coming of age story for the asset class.” Bitcoin Breaking...Read More
Social Media platforms, despite being a tale of the modern society, remain largely antiquated. While we browse through different profiles on our phones, we oftentimes forget that it’s one single entity behind the curtains. One central organization that can pull the plug and control the entire thing. It is here where the promise of blockchain-based...Read More
The US multinational financial service corporation American Express has invested in the cryptocurrency trading venue FalconX through its venture arm. Thus, AmEx has doubled-down on its digital asset endeavors after piloting a blockchain-based rewards program. AmEx Invests In Crypto Exchange Aimed At Institutions The US-based cryptocurrency exchange announced the investment from American Express Ventures in...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
With Bitcoin clocking $21,000 for the first time in history, one Wall Street investor is saying the top-ranked crypto by market capitalization should be worth a lot more. Bitcoin at $400,000, Says Guggenheim’s CIO In a phone interview with Bloomberg TV on Wednesday (Dec. 15), Scott Minerd, chief investment officer at Guggenheim, said Bitcoin should...Read More
Binance and Coinbase, two of the leading cryptocurrency exchanges, experienced technical issues in the past few hours, and users were unable to log in. The problems coincided with bitcoin breaking into uncharted territory above $20,000 for the first time. Bitcoin’s Surge Causes Issues On Binance and Coinbase As CryptoPotato reported earlier today, the primary cryptocurrency...Read More
Polkastarter is a DEX developed to operate on the Ethereum rivaling network, Polkadot. Its highly anticipated launch this week went well despite the heavy loads on the dApp and server the blog post stated. The platform has been developed for cross-chain token pools and auctions, with the primary purpose of enabling projects to raise capital...Read More
In an effort to reinforce its foothold in the cryptocurrency industry, Japanese financial behemoth SBI Holdings, through its subsidiary SBI Financial Services, has acquired UK-based crypto trading company B2C2 for an undisclosed sum. The development comes six months after SBI signed a strategic partnership with the firm. According to reports at the time, SBI purchased...Read More
After a threat of a lawsuit for displaying Bitcoin scams, The Guardian Australia launched an investigation to determine the nature of the increasing number of similar fraudulent activities. It concluded that there’s a group of fraudsters operating a massive global enterprise based in Moscow, Russia. Global BTC Scam Organization Revealed CryptoPotato reported in early October...Read More
The total all-time trade volume for the Uniswap automated market maker has surpassed $50 billion according to protocol founder Hayden Adams. Adams posted the major milestone adding that it has been split across 26,000 unique trading pairs. 🤯 Looks like @UniswapProtocol passed $50b in all time volume last week. 🧦 This is split across 26,000...Read More
Ernst & Young LLP (EY) and Microsoft have extended the latter’s blockchain service for gaming rights and royalties management to offer a financial system of record ranging from contract productions to settlements and reconciliations. More Functionalities For Gaming Partners The expanded blockchain functions will allow Microsoft’s Xbox video gaming partners and its network of content...Read More
The leading cryptocurrency exchange Binance has expanded its partnership with the blockchain-based provider of sports and entertainment entities, Chiliz. The first direct result of this will be the distribution of Juventus and PSG Fan Tokens through Binance Launchpool. Binance Doubles-Down On Chiliz The Malta-based giant trading venue announced the new endeavor in a press release...Read More
One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important Updates Since Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will...Read More
The world of decentralized finance continues to amaze. Roughly around 12 hours ago, someone bid almost $800,000 for a collection of nun-fungible tokens (NFT) in what seems to be the most expensive purchase of digital art in the cryptocurrency industry. $800,000 Paid for NFT Digital Art Collection Mike Winklemann is a graphic designer from Charleston,...Read More
The report, which appeared on China Central Television (CCTV), apparently claims that a Bitcoin bull market may put long term downwards pressure on gold. The broadcast was retweeted by 8BTC founder Red Li, and entrepreneur Qiao Wang from DeFi Alliance. Chinese state media is saying the BTC bull market may cause long-term downward pressure on...Read More
CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion. Record-Breaking Weeks For Institutional Money In Crypto By citing data from...Read More
The NASDAQ-listed business intelligence company has surpassed its previous plans to offer $400 million in convertible notes. Instead, the firm announced today that it has raised $650 million via a senior convertible notes offering and asserted that the proceeds with be invested in bitcoin. The official announcement reads that “the aggregate principal amount of the...Read More
A year after PayPal suspended transactions for the leading adult website Pornhub, MasterCard, and Visa have followed the example in the midst of child abuse allegations. With cryptocurrencies remaining one of the few available options for payments, the question stands if such association is indeed positive for the industry. Visa and MasterCard Block Use Of...Read More
