Griid Infrastructure – an American bitcoin mining company known – and the blank check firm – Adit EdTech Acquisition Corp. (ADEX) – announced their merger. As a result, the latter will acquire Griid Holdco LLC – a newly formed holding organization and parent of Griid. Upon finalizing the transaction, the combined entity is expected to...Read More
MonoX, a decentralized finance project providing single token pools, has become the latest hack victim, in which early estimations show that the perpetrators managed to take more than $30 million in various cryptocurrencies. The protocol took it to Twitter to confirm the breach, explaining that a “method in the swap contract was exploited and boosted...Read More
Grayscale Investments, the digital asset manager with over $50B in AUM, announced the launch of its 16th investment vehicle – the Grayscale Solana Trust. The company’s press release, dated November 30th, explained that the new Trust will “solely and passively” invest in SOL – the native cryptocurrency of the popular blockchain project, Solana. The product...Read More
The digital asset exchange – CryptoCom – has partnered with Silvergate to enable USD deposits and withdrawals to the bank’s institutional customers. The Collaboration with Silvergate According to a press release seen by CryptoPotato, the feature is an additional on/off-ramp solution on the CryptoCom Exchange. Via Silvergate – a leading US bank – institutional clients...Read More
The legend in rap music – Snoop Dogg – collaborated with Coldie (an artist focused on blockchain and crypto art) to release another non-fungible token. It comes by the name of “Decentral Eyes Portrait Series” and was minted on the NFT marketplace – SuperRare. ‘It’s Decentralized, Decentral Eyes’ Calvin Cordozar Broadus Jr. (known professionally as...Read More
Despite its regulatory issues in Singapore, Huobi Global has chosen the country as its regional headquarters. The exchange will have another one set up in Europe. Bloomberg reported Huobi’s intentions earlier on November 30th, citing the exchange’s co-founder Du Jun. Singapore will become the company’s new headquarters since it’s unable to continue operating from China...Read More
Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version. In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading...Read More
Blockchain monitoring and workflow automation platform PARSIQ has recently completed the integration of the Polygon network into its ecosystem. PARSIQ Integrates Polygon According to a Monday press release shared with CryptoPotato, investors, traders, and development teams can now access several Polygon blockchain data in real-time via the PARSIQ platform, acquire immediate feedback, and explore various...Read More
The price of Twitter shares shot up by double digits as news broke that the CEO of the social media giant – Jack Dorsey – has decided to quit. CNBC reported earlier on November 29th the breaking news about Jack Dorsey’s decision to step down as the chief executive officer of Twitter. The news comes...Read More
The world’s leading cryptocurrency exchange, Binance, has opened up about the entire fiasco that was endured by Dogecoin Core maintainers and the company during the wallet upgrade. In its blog post titled, “The Inside Story on DOGE withdrawals,” Binance revealed what actually transpired and how no one was at fault. Dogecoin (DOGE) withdrawals Inside Story...Read More
MicroStrategy – the firm spearheaded by one of Bitcoin’s most avid and vocal proponents, Michael Saylor – revealed yet another whopping Bitcoin purchase. MicroStrategy doesn’t seem to waste any time and resources when it comes to accumulating more bitcoin. Michael Saylor, the company’s CEO, announced that they had bought another 7,002 bitcoins for around $414.4...Read More
CoinDCX – one of the leading cryptocurrency exchanges in India – eyes an initial public offering (IPO) in the near future. The “precise timeline” will depend on the upcoming government regulations. Following The Steps of Coinbase Neeraj Khandelwal – Co-Founder of CoinDCX – revealed the news in a recent interview with Bloomberg. He asserted that...Read More
DappRadar – a popular dApp discovery and analysis platform – recently confirmed plans for a platform-native token called RADAR. It is intended to help DappRadar decentralize its future operations. RADAR Token The company revealed the RADAR token at an event in the crypto VR game Somnium Space earlier this week. According to a statement seen...Read More
The French financial regulator Autorité des Marchés Financiers (AMF) has reportedly announced that the cryptocurrency exchange – Binance – must guarantee anti-money laundering compliance to set up a regional hub in Paris. Earlier this month, Changpeng Zhao – CEO of the trading venue – described the French capital as a “natural choice” for positioning headquarters....Read More
The NFT market and metaverse have once again been thrown into a state of euphoria as a single plot of digital land on the most popular NFT game in the crypto space, Axie Infinity, sold for 550 ETH. $2.3M for Axie Infinity Plot The plot of land in question is one of the Genesis plots...Read More
Solana has emerged as a viable alternative to a host of blockchains. In fact, the network is not only efficient when it comes to conducting transactions but is also greener than web browsing giant Google, at least according to a recent report. At a time when the carbon footprint of Proof-of-Work (PoW) based assets has...Read More
To cater to the rising demand for digital asset funds, the Singaporean fund manager Fintonia Group has announced the launch of two institutional-grade funds tracking the performance of the world’s largest cryptocurrency. Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund are the two new products offered by the financial services firm regulated by...Read More
It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday,...Read More
China is leaving no stones unturned in promoting the usage of digital yuan while ensuring a crackdown on the Bitcoin and cryptocurrency industry. According to the latest report, China is gearing up to establish a digital asset exchange in its sprawling capital of Bejing. The guidelines issued by the State Council also mentioned that Beijing...Read More
Bitcoin plummeted by several thousand dollars in just a few hours to a six-week low of under $55,000. Most of the cryptocurrency market experienced an even more severe crash. The hourly liquidations exceeded $300 million. It was yesterday when the primary cryptocurrency surpassed $59,000 for the first time in days and aimed at $60,000. As...Read More
PlanB admitted that his worst-case scenario in terms of BTC’s price movements is about to be proven wrong for the first time. The analyst’s model forecasted a $98,000 price tag for the asset at the end of November, which seems somewhat of a long shot as of now. PlanB’s Worst-Case Scenario CryptoPotato has previously reported...Read More
Metaverse is a whole new paradigm paving the way for yet another exciting investment frontier. Grayscale Investments, the world’s largest digital asset management firm, believes that the industry will be valued at over $1 trillion in the next few years. According to the latest research report by the company titled ‘The Metaverse, Web 3.0 Virtual...Read More
Jirayut Srupsrisopa – Founder and CEO of the cryptocurrency exchange Bitkub – reportedly urged Thailand’s authorities to start delving into the digital asset industry. The market capitalization of the sector is nearly five times bigger than the country’s GDP. As such, it has produced many wealthy individuals who can boost the Thai economy, he added....Read More
It’s been an exciting few days for Metaverse aficionados, especially when it comes to valuations across the cryptocurrency board. While the broader market is rather shaky and indecisive, with a few exceptions, of course, play-to-earn and metaverse tokens are popping off. Gains Everywhere Looking at CoinMarketCap’s Metaverse board tells us that more than 80% of the projects...Read More
Christie’s is continuing its push into the digital art scene with the announcement that it plans to hold on-chain NFT auctions on the world’s most popular marketplace. The auction house made the announcement on Nov. 24, stating that the first “Christie’s X OpenSea” auction will kick off on Dec. 1. It will be open for...Read More
Breadwallet – an open-source cryptocurrency software wallet – recently announced that it has been acquired by Coinbase. In response to the news, BRD token’s price has soared by 400%. Breadwallet Joins Coinbase Breadwallet announced its acquisition by Coinbase in a blog post earlier today. The team stated that it will work with the exchange to...Read More
Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the hour, a failure to roll out one will prompt the watchdogs to step in. The head of the US Senate Banking Committee has called upon...Read More
A recent filing with the United States Securities and Exchange Commission (SEC) reveals that the international banking behemoth Morgan Stanley has an increased appetite for BTC, even as the price of the cryptocurrency goes up. According to several filings with the SEC, Morgan Stanley has substantially increased its BTC exposure. The company has done so...Read More
Three years after halting bitcoin payments, citing enhanced volatility and lack of efficiency, the financial services, and software giant Stripe could soon resume its support for cryptocurrencies. During a CNBC-moderated panel at the Fintech Abu Dhabi festival on Tuesday, John Collison – the CEO of Stripe – spoke about the possibilities of his company reenabling...Read More
In a matter of two weeks, one of the largest BTC whales has accumulated more than 6,600 coins as the price of the asset has declined by more than 10% in the same timeframe. CryptoPotato frequently reports the sales and purchases of this particular whale, which tends to sell when the asset’s price has appreciated...Read More
