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How The Casino Industry is Gaining Profit Amid The COVID Lockdown
Analysts from Morgan Stanley have predicted in a recent online publication that the impact of Coronavirus in the U.S., which has led to the shutdown of casinos, could lead to faster growth of the online sports betting industry, and online casinos. The countrywide lockdown that was instituted to control the spread of Covid-19 has spurred an interest in online gambling for individuals involved in the industry, as well as attracting new customers.
Nobel Laureate to speak at Asian Financial Forum Global business leaders view post-COVID Economy in January
17 December 2020 – In light of the ongoing COVID-19 pandemic, the 14th Asian Financial Forum (AFF) will be held virtually on 18 and 19 January 2021. Under the theme “Reshaping the World Economic Landscape”, the forum will examine the challenges at hand and strategize the road to recovery and beyond with more than 150 influential global financial experts, policymakers, business leaders, economists, investors, and entrepreneurs.
The Crypto Boom: Why it’s Not 2017 Déjà Vu
But for those who think the explosive rise in Bitcoin and digital currencies may just be another repeat of 2017, you’re barking up the wrong tree.
Bill Gates' COVID Conspiracy Grows In Italian Parliament, Allegations of Population Control by Political Anti-Vaxxer
The COVID-19 pandemic has brought many subjects to the forefront: our reliance on oil, manufacturing in China, the need for digital dollars, the frailty of our global supply chain, and our lack of preparation to deal with the outbreak. However perhaps the strangest topic online and the most unavoidable has been the conspiracy theory chasing Bill Gates and his foundation’s efforts to produce a vaccine. The accusations range from him directly being the cause of the pandemic, to being the head of an Illuminati like circular cabal bent on controlling the world through microchips, and now an insidious plan to depopulate the planet of billions of people.
Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption
Venezuela’s president, Nicolas Maduro has announced a new campaign aiming to help the medical staff in his nation by airdropping one Petro to each actively working doctor amid the coronavirus pandemic.
Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar
As the US dollar keeps plummeting, Max Keiser revealed that Warren Buffett has moved his assets out of the US market, setting Bitcoin for its next surge.
EJF Capital Secures $104 Million for EJF Ventures Fund
EJF Capital LLC has closed its EJF Ventures Fund LP, raising $104 million. The fund focuses on investing in financial technology firms, including blockchain infrastructure, bank technology, and software for wealth management. EJF Ventures has invested in twelve early-stage companies in the US, UK, and Israel.
Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies
Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.
Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.
Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak
Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is a “collective claims-sharing mechanism built on blockchain that offers basic health plans to its 104 million participants.” Most of its users are Chinese citizens from lower-tier cities, and in rural areas. By utilizing blockchain technology, settlements have been made more efficient, and fraudulent claims have been reduced.
Digital ETP issuer 21Shares Cooperates with German Bank Comdirect to Provide Crypto ETPs to Savings Accounts
21Shares, a well-known cryptocurrency ETP issuer, announced a partnership with the German online financial services bank Comdirect to diversify more options by providing cryptocurrency ETPs to their customer savings accounts.
Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record
Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.
IRS Crypto Disclosure Letters Violated US Taxpayer Rights in 2019
The IRS shook up the US crypto sector last year, when it issued Letter 6137 to American taxpayer’s which demanded that all citizens declare any unreported crypto gains within 30 days. One year on and an IRS watchdog has slammed the letter as a violation of the Taxpayer Bill of Rights.
COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow
The Federal Reserve is accelerating towards digital payments technology as the COVID-19 pandemic has highlighted the need to provide faster methods of relief. The United States central bank has announced the development of its own platform—FedNow.
Switzerland’s New Regulations for Blockchain And DLT Trading Facilities Usher In A New Era Of Clearer And Lighter Regulatory Regimes
A short article piece submitted by Christoph Besmer, Trade Commissioner, Investment Promotion Switzerland.
Yuga Labs Acquires Roar Studios to Expand Metaverse Vision
Yuga Labs, known for Bored Ape Yacht Club, has agreed to acquire Roar Studios, enhancing its metaverse vision.
World Economic Forum Blockchain Lead Explains: To What Extent Can Blockchain Solve Supply Chain Issues?
Blockchain.News exclusively interviewed the World Economic Forum’s blockchain project lead, Nadia Hewett, to get to know more about the Forum’s current blockchain development in the supply chain, and the organization’s future roadmap. The World Economic Forum (WEF) recently published a new blockchain deployment toolkit aimed to help governments, major institutions, and companies of any size to be able to maximize the benefits of integrating blockchain technology in the supply chain sector. The Forum also highlighted the importance of blockchain for addressing the disruption of supply chain caused by the COVID-19 pandemic.
Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia
With COVID-19 forcing businesses to adopt digital means of transacting, there is a spike in blockchain adoption, Bitcoin price surge, rise in Bitcoin scams.
The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China
The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes.
Goldman Sachs Says Customer Demands for Bitcoin Are Increasing
Goldman Sachs President and COO John Waldron has revealed that the bank is experiencing a rising demand for Bitcoin from its customers.
Total ETH Burned Tops the 2M Token Benchmark Worth Over $5B
Since the London Hardfork went live in August last year, the Ethereum network and its underlying token have been operating as a deflationary protocol.
Singapore Employs Blockchain-Enabled Digital Health Passport for Enhanced Medical Data Management
The Singaporean administration teamed up with a local startup to establish a blockchain-powered digital health passport to boost medical records management.
Hong Kong's K11 MUSEA Launches Large-scale Showcase of NFTs
Hong Kong's K11 MUSEA is launching a large-scale showcase of non-fungible token (NFT) art from April 29 to June 19, 2022, along with educational workshops and talks for all ages.
The End of Bitcoin: Which Cryptocurrencies will survive a future crash?
During the Covid crisis, casual investors started to swap stocks and shares and even golf for investment in cryptocurrency, with Bitcoin and other altcoins like Ethereum proving to be hugely popular.
Bitfinex Launches $400 Million Bounty Hunt for 2016 Hackers Who Stole $1.3 Billion in BTC
Bitfinex has launched a 400 million dollar bounty hunt in search of the hackers responsible for the theft of nearly 120,000 Bitcoins from the global exchange in 2016.
Forum Blockchain Life 2021
Sixth biggest offline event on blockchain,cryptocurrencies and mining - Blockchain Life 2021 - takes place on April 21-22 in Moscow
Is Bitcoin's Price at $10K Stable? Here are Some Factors that Could Influence BTC
Bitcoin's (BTC) price dropped below $10,000 on the weekend, which ended BTC's two-month streak of staying above $10K.
Memecoins Dominate Q1 2024 Crypto Market Returns, Followed by DeFi and DePIN
In Q1 2024, crypto narratives experienced impressive returns, with memecoins leading the pack with an average return of 1312.6%, followed by RWA and AI.
Ark Investment: Autonomous Vehicles to Boost GDP by $26 Trillion, Save Over 1M Lives by 2030
Ark Investment predicts autonomous vehicles could add $26T to global GDP and save over 1M lives by 2030, transforming economies and consumer experiences.
Metacade's Community-Driven GameFi Platform Raises Over $10M in Presale
Play-to-earn favorite Metacade continues to draw investor attention after raising more than $10m, as it now enters the penultimate stage of the presale. With confirmed listings on Bitmart and Uniswap due after the presale ends on the 30th of March, there are only 16 days left before the token goes public.
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to 233 MW.
Only1 Launches First Web3.0 Social NFT Platform Built on Solana
Only1, a decentralized web3 social platform, is set to revolutionize how consumers use the social media landscape. Only1 pivots into a creator economy solution to eliminate intermediaries and allow creators to monetise their content easily.
a16Z to Establish Crypto Research Lab
Wallet Street Venture Capital firm, Andreessen Horowitz (a16Z) established its own crypto research lab to conduct blockchain-related academic research.
SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.
Ethereum is Set to Become Deflationary after the London Hardfork Went Live
Ethereum is expected to become deflationary, given that its value is anticipated to continue increasing with time on the foundation of slashed supply prompted by the London Hardfork or EIP 1559 upgrade.
1INCH Sets New All-Time High as Token Launches on Coinbase Pro
With the decentralized finance boom, many projects have emerged in the DeFi market. 1INCH stands out among them.
Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration
Ripple's CTO, David Schwartz, stresses the importance of community consensus for integrating the Automated Market Maker (AMM) feature on the XRP Ledger. Through discussions on X (formerly Twitter), Schwartz outlines a methodical approach to addressing concerns and urges validators to support the amendment only after achieving community agreement. The AMM feature, seen as a significant stride in decentralized finance on XRPL, was introduced in rippled version 1.12.0 alongside a potential clawback feature aimed at legal liability protection for developers. Schwartz's engagement exemplifies a balanced approach to evolving XRPL while preserving its decentralized character.
a16z Continues to Deposit Maker (MKR) to Coinbase
a16z deposits more MKR to Coinbase, now holding $6M in MKR. An unidentified whale also moved $4.85M MKR to Binance.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.
FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large
The DoJ and the FBI seized two criminals connected to a cybercrime targeting over 100 companies in the US and abroad with ransomware, crypto jacking and more.
Venom Foundation and Hub71 Partner to Accelerate Growth and Adoption of Blockchain Technologies from Abu Dhabi
Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses.
Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K
One of the most prestigious auction houses in the world, Christie’s has sold a digital portrait of the Bitcoin (BTC) code “Block 21” for over $130,000.
Blockchain Monitor Launched to Track Coronavirus-Free Safe Zones to Protect the Non-Infected Community During Pandemic
The coronavirus pandemic has currently reached countless countries and territories all over the world and has caused over 220,000 infections in the world population. With the global death rate climbing and almost reaching 9,000, the World Health Organization declared it as a pandemic on March 11.
1inch Launches Wallet on Apple iOS App Store
1inch, a decentralized exchange aggregator operating on both Ethereum and Binance Smart Chain, launched its wallets on Apple iOS this Tuesday.
Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March
The Japan Virtual and Crypto assets Exchange Association has reported that during the COVID-19 pandemic there has been a decline in active crypto-trading in Japan.
Retail Accumulation May Account for Why Ethereum Maintained Support at $2000
Ethereum is fighting to maintain support at $2,000. Glassnode has revealed that the addresses holding more than 0.1 Ether have reached a new all-time high today.
Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%
Since non-fungible tokens (NFTs) help build authentic intellectual property, this is one of the key drivers expected to push the sector to a $97.6 billion valuation by 2028, according to a report by Research and Markets.
South Dakota Governor Vetoes Bill Excluding Cryptocurrencies from State's Definition of Money
Governor Kristi Noem of South Dakota has vetoed House Bill 1193, which sought to exclude cryptocurrencies from the state's definition of money. The governor believes that the bill would put South Dakota at a disadvantage and potentially lead to future overreach from the federal government in issuing a digital dollar.
Palm NFT Studio Receives $27M in Series B Financing Led by Microsoft M12
Palm NFT Studio, co-founded by ConsenSys founder and Ethereum co-founder Joseph Lubin, received a total of US$27 million in Series B financing led by Microsoft-led venture fund M12.
Bill Gates Planned COVID-19 Pandemic via Deep-state 'Circular Cabal', says Disgraced Dr. Mikovits
A recent clip from a soon to be released documentary called ‘Plandemic’ features a disgraced virologist Dr Judy Mikovits accusing a sinister corporate controlled “circular cabal” led by Bill Gates himself, of creating the coronavirus pandemic.
Ethereum's Potential Surge: VanEck Predicts ETH Value to Reach $11.8k by 2030 Amid Booming Smart Contract Adoption
In a recent report, investment management firm VanEck predicts that the Ethereum (ETH) token price could surge to $11,800 by 2030.
Shiba Inu Shibarium Wallets Top 1 Million, Yet SHIB Price Faces Uncertainty
Shibarium, Shiba Inu's Layer 2 network, has successfully completed over 700,000 transactions and crossed 1 million wallet addresses. However, the $SHIB token faces price stability challenges, with the 99-period Moving Average as a strong resistance and an upward trending line as a support level.
Kaspersky Report: Bitcoin Crime to Rise in 2021 Due to Covid-19 Induced Poverty
According to a new Kaspersky report, the coronavirus pandemic will increase cases of crypto and Bitcoin crimes in 2021.
10,000 New Blockchain Companies Founded in China Despite COVID-19
COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed.
Bitcoin Whales and Large-Scale Institutions “All-In” on Bitcoin During COVID-19, Retail Investors Are More Cautious
Coronavirus has led many investors to turn to Bitcoin as a hedge, but the way in which individual and institutional investors leverage the digital asset differ.
COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia
Financial regulators are keeping a keen eye on central bank digital currencies (CBDCs) because they see them as silver linings.
EIP 1559 — ETH 2.0 and the Scarcity of Ethereum
EIP-1559 has sparked wide discussion within the Ethereum community and could be one of the major reasons ETH is starting to gain traction as a hedge against inflation.
Amazon CEO Jeff Bezos is Worth More Than Bitcoin’s Market Cap
It was recently announced that Amazon CEO Jeff Bezos’s wealth has surpassed that of Bitcoin’s market cap, meaning Bezos’ wealth has soared up to $171.6 Billion—the icing on the cake to top off his pre-divorce financial record.
Jul 13 Trading Analysis: Dont confuse the lack of volatility with stability
BTC has been relatively unaspiring this weekend as ALTs continue to steal the limelight with LINK, Tezos, and Defi names making good gains. For example, ChainLink has hit an all-time high over the weekend with the market pundits citing near record network usage and mainstream adoption (over 45 partners since April). Strategy: Continue to load up BTC options 8-8.5k puts,,,,,
Blockchain Got Down to Business in 2019
Executives who took part in Deloitte’s survey are confident about the new and evolving use-cases of blockchain. In comparison to Deloitte’s 2018 survey, respondents report that overall corporate blockchain investment is expanding across most sectors and practical applications are gaining traction.
CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million
CleanSpark, a crypto miner, has purchased 45,000 Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power. The first batch of 25,000 rigs will be delivered in August, with the remainder arriving in September, and they will be installed at a site in Sandersville, Georgia. CleanSpark aims to have 16 EH/s of computing power by the end of the year.
Elon Musk and Joe Rogan Slam US Stimulus Money Printing and Incoming Inflation
Elon Musk appeared on the Joe Rogan Experience for the second time and had a few choice words regarding the coming inflation and creative monetary issuance coming into play due to the COVID market meltdown.
ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite
ARK Invest and 21Shares have launched a suite of digital asset ETFs, combining crypto-specific insights with traditional investment indicators, focusing on Bitcoin and Ether futures.
a16z Floats $600m Gaming Fund
After more than a decade of actively investing in the gaming industry, investment giant, Andreessen Horowitz (a16z) wants to further exert its influence in the space
Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System
Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.
Crypto Supports Formula 1 Racing in Modern Technology , Says Mercedes Lead
With 8 of the 10 teams in the 2022 Formula 1 (F1) grid featuring at least one crypto sponsor, Mercedes team principal Toto Wolff believes that cryptocurrencies are part of modern technology that cannot be avoided.
Boosting Trade Efficiency: XRPL's fixReducedOffersV1 Upgrade
The XRPL's fixReducedOffersV1 amendment, which has achieved 80% consensus, is in a two-week activation countdown, enhancing DEX functionality and addressing reduced offers in order books.
Will A Second Round of US Stimulus Payments Mean Another Bitcoin Bull Run?
As the second round of the US economic stimulus package is about to begin, crypto experts have been speculating on whether Americans will once again redirect their stimulus checks towards Bitcoin investments.
BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
BNB Chain and MetaMask have successfully addressed a glitch that led to the display of inflated gas fees for opBNB transactions. The issue was rooted in MetaMask's default algorithm, which set a minimum recommended gas price based on averages across various Layer 1 and Layer 2 networks. This has been corrected, and users can now benefit from opBNB's lower gas fees for faster and more cost-effective transactions.
DeFiChain To Sponsor the National Fighting Championship in Germany
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany.
From $5,000 to $120,000: Standard Chartered's Controversial Bitcoin Price Predictions
According to Retuers, Standard Chartered predicts Bitcoin's price to reach $120,000 by 2024, reaching $50,000 this year and $120,000 by 2024. This upward trend aligns with the recent increase in Bitcoin's value, encouraging miners to hold onto the digital currency.
Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism
To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.
Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End
Ripple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.
BTC Price Consolidates at $19,000, Will Bitcoin Reach $20,000 in 2020?
Bitcoin soared to over $19,400 last night, the BTC price coming within relative inches of creating a new all-time high before falling. Will we see Bitcoin reach $20,000 in 2020?
Ethereum to Overtake Bitcoin as the More Attractive Asset with ETH 2.0 and EIP 1559 Rollout - Messari
Messari lead crypto researcher Ryan Watkins seems to think that in the long-term, Ethereum may appreciate more than Bitcoin (BTC).
Business Niches Where Cryptocurrencies Are Accepted for All Payments
Digital currency is becoming more well-known because it’s been around for a decade or so. In the past, it was only die-hard investors who chose to work with crypto like Bitcoin. However, more and more companies are accepting it as payment for services and goods.
Japanese E-book Publisher Turns to Blockchain for Distributiion in the Pandemic Era
A Japanese book distributor is mulling an investment in a blockchain-based platform to distribute e-books, as partial lockdowns due to the ongoing COVID-19 pandemic continue in Japan.
Bitcoin Convert Jim Cramer says Wall Street Ignoring COVID-19 Cases, Biden Election Fraud Dispute and Collapse in Stimulus Talks
Bitcoin convert and CNBC analyst Jim Cramer thinks Wall Street is ignoring market risks from rising US COVID-19 cases, the 2020 election dispute, and collapse in stimulus talks.
A16z Crypto Introduces Jolt zkVM for Blockchain Scaling
Andreessen Horowitz (A16z) Crypto has introduced Jolt, a zero-knowledge solution that integrates SNARKs, enabling faster SNARK-based Layer 2 solutions and enhanced security for developers.
BitKeep Wallet Surpasses 10 Million Users
BitKeep Wallet has reached over 10 million users, with 560,000 new users in March due to successful campaigns with Arbitrum and Sui. Bitget has invested $30 million in the platform, resulting in a rebranding to Bitget Wallet while remaining an independent entity.
Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks
Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.
US SEC Rejects One River Spot Bitcoin ETF Application
The United States Securities and Exchange Commission (SEC) has rejected the spot Bitcoin Exchange Traded Fund (ETF) Application filed by One River Asset Management
Ethereum Leads ahead of Traditional Markets Performance over the Past 30 Days
The London Hardfork or EIP 1559 upgrade that got activated in August seems to have boosted Ethereum’s performance in the last 30 days.
TRST01 Partners with Blockchain Protocol Rubix to Create Green Economy
Two blockchain technology companies, TRST01 (Trust O One) and Rubix, have established a cooperation to provide a Web3 green blockchain technology platform for institutions to create a green and zero-carbon emission future.
Optimism (OP) Prepares for Canyon Hardfork Across Superchain Testnets on November 14
OP Labs Team announces Canyon hardfork for Superchain testnets, November 14, incorporating Shanghai and Capella updates, bug fixes, and EIP-1559 changes. Node operators must upgrade systems.
Pantera Capital Predicts Bitcoin to Hit $35k Before 2024 Halving and Surge to $148k Afterward
Pantera Capital's publication explores the "positive black swan" event in the blockchain industry, highlighting its positive implications, historical predictions, rapid growth, resilience, and the transformative potential of DeFi platforms.
Meta Alumni Owned Layer-1 Protocol Aptos Raises $200m from a16z
Former Meta Platforms Inc staff, led by Mo Shaikh, have raised $200 million in a strategic funding round for its new startup Aptos.
Andreessen Horowitz Hires Former CFTC Commissioner Brian Quintenz To Bolster Regulatory Expansion
The appointment of Brian Quintenz shows a sign of growing importance of compliance and regulation at Andreessen Horowitz.
Bill Gates Foundation’s COVID-19 Vaccine is a Satanic Plot says Oscar-Winner
Microsoft’s recent patent for a human powered crypto mining system based on sensors that convert physical or mental activity into computer power has generated a lot of interest and captured the imagination of the public, but perhaps some are looking a little too closely.
Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU
Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.
Coinbase Up 69%, MicroStrategy Up 74% From Lows
Since its Jan 6 lows, Coinbase's share price has climbed 69%. MicroStrategy and Block Inc. also gained. Bitfarms and Marathon Digital Holdings shares rose 140% and 120%. After selling at a 45% discount on Dec 28, it is presently at 36%. Some analysts attribute this to January 12's good U.S. inflation data.
Web3-centric NFT Platform Pixel Vault Obtains $100M Investment
Pixel Vault, a web3-centric NFT platform, today announced a $100 million investment from venture capital firms Velvet Sea Ventures and 01A.
Venom Foundation Announces the Release of its Public Testnet
Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host of in-house developed decentralized applications as part of its growing ecosystem.
Bitcoin Online Courses Skyrocket by 300% in The Wake of Coronavirus
Many people are enrolling for cryptocurrency and Bitcoin online courses as coronavirus (COVID-19) has necessitated measures like quarantines, social distancing and lockdowns. As the world continues grappling with this infectious disease, people have been made to change their daily lifestyles and settle for alternatives like the online space for knowledge acquisition.
Entropy Closes $25M Seed Round for Building Decentralized Custody Platform
Entropy announced that the crypto asset firm has closed a $25 million seed round, The Block reported.
Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments
Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.
$250,000 BTC: Kraken Survey Shows Investors are Bullish on Bitcoin, Altcoins and DeFi in 2021
The latest Kraken VIP sentiment survey reflects how investors think the crypto sector might evolve in 2021. Some are projecting the BTC price as high as $250,000.
xAI's Grok: Musk's Novel AI Chatbot with Real-Time Insights
Elon Musk's xAI unveiled Grok, an AI chatbot, inspired by 'The Hitchhiker's Guide to the Galaxy, providing real-time world knowledge and answering questions with humor, outperforming other models.
Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic
On March 25, 2020, Binance in its blog post announced the launch of its new fundraising project titled 'Crypto Against COVID' which aims to raise $5 million in cryptocurrencies which will be used to buy medical equipment for the countries worst affected by Coronavirus.
SEC Delays Decision on ARK 21Shares Bitcoin ETF, Opens Public Comment Period
The SEC has delayed its decision on ARK 21Shares' Bitcoin ETF until Nov 11, 2023, opening a 21-day public comment period.
US Congress Considers Using Blockchain for Remote Voting While the White House Urged to Stay Competitive with China
The US Congress is considering using blockchain technology to enable the Senate to conduct remote voting during the ongoing COVID-19 pandemic. The report highlighted that the crisis emphasized the need to consider certain functions to proceed remotely when it may not be safe for members to gather in person. The report explored a combination of different technologies to be used, including blockchain and encrypted E2EE.
Singapore Regulator Bans Crypto Ads on F1 Tracks
According to the Wall Street Journal, Singapore’s financial regulator Monetary Authority of Singapore(MAS) told F1 organizers that it would ban Crypto.com ads from appearing on the track.
Explosive growth alongside peace of mind offered by C10 from Invictus
With investor focus shifting towards the next market downturn, investors are increasingly seeking protection against potential future drawdowns. The Invictus Capital Crypto10 Hedged fund (C10) is that protection investors are looking for and holds the answers to many investor concerns. The C10 fund has continued to offer investors unparalleled risk adjusted returns in 2021 with a 119% increase in performance for the first quarter.
Breaking: Coinbase, a16z, and Ledger Back New Texas Alliance Advocating for Clear Digital Asset Regulations
The Crypto Freedom Alliance of Texas, backed by industry leaders like a16z crypto, Bain Capital Crypto, Blockchain Capital, Coinbase, Ledger, and Paradigm, is launching a campaign to establish transparent and consistent digital asset regulations in Texas. The alliance aims to provide insights and guidance to regulators and industry stakeholders, fostering innovation and protecting consumers. The alliance is expected to grow and play a more influential role in the Texas legislative process.
Greater Bay Area Blockchain Week 2021 to Bring Global Attention to Blockchain Innovation
Being one of the world’s fastest growing tech hubs, Greater Bay Area (GBA) attracts audiences passionate about smart technology applications for business, education, and finance to come together for the premier international virtual event.
Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto
The recent implementation of ArbOS 11 by the Arbitrum community introduces key improvements, including EVM Shanghai support and gas efficiency enhancements, fostering optimism in the crypto market for ARB.
Ark Invest Refiles Application for Bitcoin Spot ETF Alongside 21 Shares
Ark Investment Management, the investment company tagged with Cathie Wood is taking another dig at a spot Bitcoin Exchange Traded Fund (ETF) product.
Luna Terraform Labs Opts for Chapter 11 Bankruptcy to Counter SEC's Securities Fraud Lawsuit
Terraform Labs files for bankruptcy to appeal against SEC lawsuit, challenging jurisdiction over crypto assets. CEO Amani challenges jurisdiction, affecting cryptocurrency regulation and digital asset classification.
Coinbase CEO: Americans are Investing Their COVID Stimulus Checks in Bitcoin
Brian Armstrong, the CEO of US-based crypto exchange Coinbase, has revealed data showing how $1,200 deposits similar to the stimulus checks being offered to Americans by the government has skyrocketed this week. Coinbase is the leading crypto exchange in the American soil.
Jul 24 Trading Analysis: What Bloodbath?
Despite stonk's bloodbath, BTC managed to close higher on the day with some short squeeze liquidation through $9600 level. I am actually surprised that we are still trading at current levels, would only be a matter of time that we see us retracing back some of its gains, which was why I said yesterday, we need to continue to monitor the momentum of capital into BTC.
Trump Ends COVID-19 Pandemic, according to White House Release
The Trump Administration has ended the COVID-19 pandemic, or at least according to the list of his accomplishments from the White House Science and Technology Office.
SEC Poised for Decision on Ark Invest and 21Shares Bitcoin ETF, Market Reacts
The SEC is nearing decisions on Bitcoin ETF applications, which could significantly impact the cryptocurrency landscape due to market anticipation and Bitcoin's price surge.
Malaysia’s Securities Commission Touts Cryptocurrency’s Potential Amid a COVID-19 Digital Normal
The Securities Commission of Malaysia backs cryptocurrency use and says it has great potential, despite a lack of understanding regarding digital assets in the country.
COVID-19 Market Climate Perfect Catalyst for Bitcoin Demand Says Binance.US CEO
The coronavirus panic-driven frenzy to acquire assets of lasting bona-fide value has put the traditional gold market to the test and may be creating the perfect catalyst for Bitcoin according to Binance.US CEO Catherine Coley.
Most Americans Plan to Use $1,400 Stimulus Checks to Invest in Bitcoin and Stocks - Mizuho Survey
Mizuho has released a new survey showing that with the third round of $1,400 stimulus payments already hitting Americans’ bank accounts, most recipients are planning to use their stimulus checks to buy Bitcoin and stocks. Interestingly, the survey found that Bitcoin was a more popular choice among stimulus recipients than stocks.
Bitcoin Price Drops Below $9K as Stock Markets Erase Gains Amid Incoming Second Wave of COVID-19 Cases
Bitcoin price is currently hitting its lowest levels in around 3 weeks, as stocks are rumored to anticipate an incoming crash. Bitcoin (BTC) dipped below the $9,000 on June 15 and continued to hover above $9,000 shortly after.
OKX Ventures Invests in Celestia Lab's Series B Funding for Modular Blockchain Development
OKX Ventures has invested in Celestia Lab's Series B funding round to advance the development of the first modular blockchain network, Celestia. This investment aligns with the growing trend towards modularity in blockchain technology, aimed at overcoming scalability issues inherent in traditional Layer-1 chains. The initiative also underscores OKX Ventures’ broader commitment to fostering blockchain innovation globally.
What are NFTs?
A non-fungible token (NFT) is a special type of encrypted token that represents unique things such as encrypted art, digital collectibles, and online games.
21Shares Launches Bitcoin ETP on Aquis Exchange
21Shares, a well-known cryptocurrency ETP issuer, announced today that it has cooperated with GHCO, an issuer-centric liquidity provider committed to building transparent and accessible financial markets to list Its Bitcoin ETP (ABTC) on the Aquis exchange.
Ronaldinho's Crypto Scam: A Deep Dive into the $61 Million Controversy
Ronaldinho Gaúcho, a Brazilian football icon, is under legal scrutiny for allegedly involving a cryptocurrency scam that could impact his celebrity endorsements, as his venture, '18kRonaldinho', promises daily returns of over 2%.
How Apple Will Advance in Generative AI in 2024
Apple's 2024 agenda includes the launch of Vision Pro, advancements in generative AI with iOS 18, and integrating AI across its ecosystem. Emphasizing thoughtful AI integration, Apple navigates generative AI's potential while maintaining its privacy-focused approach.
Arbitrum's Governance Token Return Proposal Rejected
A proposal to return 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by 84% of the total votes received. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval in March.
a16z Announces $4.5bn Fund for Crypto and Web3.0 Startups
California-based venture capital firm Andreessen Horowitz (a16z) has launched its fourth crypto fund, the Crypto Fund IV, as it prepares to invest fully into blockchain and Web3.0 startups.
ARK Invest Intensifies Investment in Robinhood
ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.
Coinbase Completes Tender Offer for 3.625% Senior Notes Due 2031
Coinbase Global, Inc. has concluded its cash tender offer for its 3.625% Senior Notes due 2031, aiming to purchase up to $180.0 million. The offer expired on September 18, 2023. Coinbase plans to finalize payments by September 20, 2023. The total tendered amount is $262,543,000, with holders receiving $675.00 per $1,000 principal amount. Citigroup Global Markets Inc. acted as the Dealer Manager.
Fintech CEO Pleads Guilty to ICO and COVID-19 Loan Fraud in the US
Taiwanese national Justin Cheng has pled guilty to multiple counts of fraud involving $7M COVID-19 relief funds and ICO scams.
PwC: Blockchain Technology Has the Potential to Boost Global GDP Up $1.76 Trillion By 2030
Findings from PwC indicate that by 2030, blockchain technology has the potential to boost global gross domestic product (GDP) by $1.76 trillion.
Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.
Bitcoin Will Not Likely Be Held by Central Banks in the Future, Says ECB President Christine Lagarde
Christine Lagarde, the President of the European Central Bank, has once again made her stance on Bitcoin clear.
IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot
IBM, KPMG, Walmart, and Merck’s blockchain pilot in drug-tracing has successfully exceeded the US Food and Drug Administration’s (FDA) benchmarks. The pilot program aimed to encourage new technologies to be used in the pharmaceutical supply chain. Blockchain was used as a shared record movement of pharmaceutical drugs through the supply chain, which resulted in improved efficiency. Recalls were proven to be done in just seconds, rather than in days, as blockchain offers traceability.
How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic
Coronavirus disease has changed our lives in unprecedented ways. With the imminent lockdown caused by the virus, several reorganizations had to be implemented to keep our lives going. This brief analysis highlights some of the key ways that the application of Blockchain Technology is helping in the fight against the COVID-19 disease and pandemic.
Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.
Global Cryptocurrency Exchange Platform Market to Hit $110.12 Billion by 2028
The global cryptocurrency exchange platform market is expected to grow from $45 billion in 2023 to $110.12 billion by 2028, driven by increased demand from crypto gaming and the rise of PlayToEarn games. Blockchain technology's decentralized nature is also gaining traction in decentralized finance platforms and smart contracts. The market is competitive, with North America leading, Europe, APAC, Latin America, and the Middle East & Africa being key growth areas.
Bitcoin Price on Course to $100,000 by 3rd Quarter of 2021, says 10T Holdings Co-founder
Dan Tapiero, the co-founder of fintech and digital assets firm 10T Holdings, believes that BTC has not missed a step in its journey of hitting $100,000 by the third quarter of 2021.
Core Scientific's Bankruptcy Exit: Financial Revival and Operational Expansion
Core Scientific's court-approved bankruptcy plan sets the stage for its Nasdaq relisting, debt restructuring, and operational expansion, aiming to bolster revenue and shareholder value.
C10: An All-Weather Approach to Investing In Cryptocurrencies
The future of cryptocurrencies looks bright as an increasing number of investors are looking for alternative investment opportunities, but many remain hesitant because of the market's extreme volatility.
International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status
International Chamber of Commerce (ICC) has inked a partnership with International SOS, the globe’s biggest medical and travel security services firm, to establish a new blockchain-enabled mobile app dubbed ICC AOKpass. It will be instrumental in providing trusted and immutable recognition of persons’ COVID-19 compliance status.
US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).
Video Generation: ByteDance MagicVideo-V2 Outperforms Pika 1.0, SVD-XT?
ByteDance's MagicVideo-V2 surpasses Pika 1.0 and SVD-XT in AI-driven video generation, showcasing advancements crucial for the parent company of TikTok and Douyin and the broader tech industry.
Coin Cloud Customer Data and Source Code Allegedly Stolen
Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.
Bill Gates Denies COVID-19 Vaccine Microchips and Satanic Conspiracy Theories
Bill Gates, Microsoft Founder and billionaire philanthropist, has responded to conspiracy theories that his charity foundation is planning to use the coronavirus vaccine to implant microchips into the global population. The conspiracy itself appears to have started with a patent for a very innovative cryptocurrency mining system filed by Microsoft earlier this year.
Ethereum Devs Discuss Dencun Upgrade and EVM Object Format
The ACDE Call #172 saw Ethereum developers discussing the Dencun testing progress and the debated EOF proposal amidst concerns over its complexity and timing. The discussions reflect a cautious approach towards substantial protocol upgrades, ensuring Ethereum's evolution considers both immediate and long-term implications.
Metacade Presale Hits Final Stage Before Listings, Raising Over $500k in under 24 hours
Metacade, fast becoming the most exciting GameFi project in 2023, has reached the final stage of its token presale after raising more than $500k in 24 hours, reaching a total raise of $12.4m.
Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. The bill further proposed the new minting of two trillion dollar coins.
Bitcoin Economy Gives El Salvador Village Hope Amidst COVID-19
Despite being heavily impacted by the COVID-19 pandemic, a small beach town in El Salvador, dubbed El Zonte, have strived to keep their economy afloat with the integration of Bitcoin as a digital currency.
Utrust Joins Hand With Alternative Airlines To Ensure Secure Crypto Payments For Users
Utrust, a blockchain-powered payment technology that enables online businesses to accept cryptos.
OpenAI-Backed 1X's $100M Funding Paves Way for Home Robot Revolution
1X, a Norwegian AI startup, recently announced a substantial $100M Series B funding, significantly expanding its financial resources since the OpenAI-led $23.5M Series A. This infusion of capital is set to revolutionize home robotics with the introduction of NEO, 1X's new android designed for domestic tasks.
Vitalik Buterin Moves 999 ETH Following Depositing 1,602 ETH to Bitstamp and MKR Dump
Ethereum co-founder Vitalik Buterin has significantly influenced the crypto space by transferring 999 ETH to a different address and depositing it to Bitstamp, with the latest transaction valued at $1.63 million.
Prime Trust Files for Chapter 11 Bankruptcy
Prime Trust, LLC filed for Chapter 11 bankruptcy on August 14, 2023, following financial difficulties, a cease and desist order, and a terminated acquisition deal with BitGo.
California Governor Gavin Newsom Warns Bitcoin Scams are Targeting Public In COVID-19 Market
In his official address, Gavin Newsom California governor cautioned the public against individuals asking for advance payment in Bitcoin with the promise of delivering essential commodities.
IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions
The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025.
What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?
The coronavirus death toll hit a daily high, as China confirms 3694 cases, a slightly lower number than the day earlier. 28,261 cases of infection have been reported worldwide with 565 deaths, mostly in Hubei province in China. How can blockchain be utilized to tackle this problem?
Can We Expect a Bitcoin Bull Run Amid the Upcoming Bitcoin Halving and Coronavirus Pandemic?
The next Bitcoin halving is expected to take place in May 2020. Each time Bitcoin halving takes place, the number of Bitcoins entering circulation every 10 minutes, also known as block rewards will fall to half, to 6.25 from 12.5 in May. As the amount of supply, Bitcoins are decreasing, the demand most likely will stay the same, but possibly lead to an increase in Bitcoin’s price. Experts believe that there will be less Bitcoin available in the market if the miners will be selling less of the cryptocurrency.
Indian State Plans to Combat Fake COVID-19 Vaccines with Blockchain
The administration of Telangana, a southern Indian state, intends to avert any attempt of hoarding or black-marketing of COVID-19 vaccines using blockchain technology.
Visa Announces $100 Million Fund for Generative AI in Commerce and Payments
Visa Inc. has announced a $100 million fund to invest in generative AI technologies that are relevant to commerce and payments. The initiative, led by Visa Ventures, aims to foster innovation in the rapidly evolving field of artificial intelligence.
Messi Accepts PSG tokens for Partial Payment after joining Paris Saint-Germain Soccer Club
Lionel Messi, a football superstar from Argentina, signed a new contract with the Paris Saint-Germain team (PSG). His remuneration will be partly paid by cryptocurrency PSG tokens.
Positives Out of the Wuhan Coronavirus: Blockchain Educators in the City
For many outside of China, the city of Wuhan is now identified as being ground zero for the recent outbreak of the coronavirus, but some amazing innovation has come out of China's seventh biggest city in recent years.
Upbit Announces Listing of Layer 1 Blockchain SEI
Upbit has announced the listing of SEI, a Layer 1 blockchain specialized in DeFi, on its KRW and BTC markets, with trading support to commence on August 15, 2023.
Presale for AltSignals new AI trading algorithm raises over $100k in 24 hours
After raising more than $100,000 in under 24 hours from their private sale, leading trading signals provider AltSignals is launching its highly anticipated public ASI token presale today (March 7th, 2023) at 12pm GMT. This follows the exciting announcement of ActualizeAI, a pioneering AI-powered trading tool that will soon be available to ASI holders. With the token providing access to the groundbreaking tool, demand is expected to be high when the presale opens.
British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future
BSI's release of the first international AI safety guideline, BS ISO/IEC 42001, marks a significant step in standardizing the safe and ethical use of AI, reflecting global demand for robust AI governance.
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.
Rated Labs Secures $12.888 Million in Series A Funding
Rated Labs, known for its Ethereum explorer and API services, has secured $12.888 million in Series A funding led by Archetype. The company plans to use the new capital to expand its services to multiple Layer 1 blockchain networks and enhance its existing product line.
Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance
Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11.
Consider These 6 Factors When Trading Crypto In 2021
What do trading audiences expect with high-quality, modern exchange and aggregator services? It has a lot to do with the context of the industry – what people are doing with their assets, and the choices that they have to navigate within the greater fintech ecosystem.
CyberConnect Rejects Proposal CP-1 After CYBER Coin Dropped Over 40%
CyberConnect rejected its CP-1 snapshot proposal, aiming to improve CYBER token liquidity across networks, causing a 40% drop in value, raising concerns about potential investor withdrawal.
iFinex Proposes $150 Million Share Buyback from Bitfinex Hack Victims
iFinex, Bitfinex's parent company, plans a $150 million share buyback to re-acquire shares given as compensation for a 2016 hack. The offer follows a valuation surge from $120 million in 2016 to $1.7 billion, providing an exit route for investors. Shareholders have until October 24 to respond to the buyback offer.
SEC Delays Decision on Overstock-Backed Security Token Exchange
The SEC has extended the timeline for its to disapprove or approve operations by the BSTX, a security token exchanged affiliated with Overstock’s blockchain arm tZERO.
Why You Should Use Invictus Capital’s C10 Fund to Buy the Dip
Recently, the cryptosphere has garnered plenty of media attention with bulls, bears, advocates, and cynics all indiscreetly butting heads.
Senator Elizabeth Warren Leads Inquiry Into Fidelity's Bitcoin-Backed Retirement 401(k) Account
In the wake of the launch of a Bitcoin-focused 401(k) account in the United States by Fidelity Investments, two Senators have expressed concerns over the company’s latest products.
Burnt Ethereum Edges Closer to a Billion-Dollar Value
After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was burnt after being used in transactions.
SEC Charges FTX Auditor Prager Metis Over Independence Violations
The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.
How Blockchain Can Help with Vaccine Development Amid Coronavirus Pandemic
The need of the hour to combat the pandemic is a potent vaccine which needs to be available in a short span of time, yet developed by following rigorous regulatory procedures and in a trustworthy manner. How can technologies like Blockchain help in such an accelerated vaccine development process?
1inch Network Raises $175M in Private Token Sale, Building DeFi Products for Institutional Investors
1inch Network, a renowned decentralized exchange aggregator, announced it had completed its Series B funding round, where it raised the sum of $175 million.
Gala Games Co-Founders Sue Each Other Over $130M Crypto Theft
Gala Games co-founders Eric Schiermeyer and Wright Thurston are suing each other, alleging Thurston stole $130 million in GALA tokens. Thurston has been sued by the SEC for fraudulent activities.
Ferrari Terminates Crypto Sponsorship Before 2023 Formula One Season
Ferrari lost $55 million by ending its multi-year partnerships with Velas and Snapdragon before the 2023 season. The 2021 Ferrari-Velas alliance included NFTs and other attempts to engage fans. After canceling its cooperation with FTX, Mercedes lost $15 million.
Omicron Soares to an ATH, amid the Covid-19 Pandemic Variant Outbreak
The price of one tiny cryptocurrency, coincidently named Omicron (OMIC) after the fast-spreading Covid-19 variant, has soared to an all-time high.
Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.
With 245 Investments and Financing Deals in Blockchain, Will China Carry on Its Expenditure in the Future?
Xinhua reports that there is a 40% decline in Chinese investment and financial deals within blockchain technology
Ethereum Devnet 10 Testing Paves Way Towards Mainnet
Recent devnet 10 testing on Ethereum revealed a stable network under normal conditions, although some bugs were identified. Stress-testing exhibited increased CPU and RAM usage on some clients. The conversation around forking timelines for testnets and transitioning to mainnet was initiated, with more discussions to follow in the upcoming ACDC meeting on November 9.
SEC Fights Telegram on Gram Token Sale at US Court Battle
The cryptocurrency and blockchain community have been closely watching the court case between the United States Securities and Exchange Commission and Telegram over the legality of the latter’s $1.7 billion token offering.
1INCH Hits a New All-Time High
1inch, a decentralized exchange (DEX) aggregator, today announced that 1inch Network aggregated liquidity of MDEX on Binance Smart Chain (BSC).
Greater Bay Area Blockchain Week 2021 to Showcase International Technological Bridges
A nearly week-long premiere virtual event will feature industry leaders discussing the most exciting use cases of blockchain application in fintech, healthtech, investment banking, supply chain etc., as well as strengthen links between China’s own Greater Bay Area and other countries.
Altcoins Expanding DeFi Ecosystem but Can't Beat Layer 1 King Ethereum: Chainalysis
One of the major investment topics of 2021 was the alternative blockchain networks as big investors are looking beyond Bitcoin and taking a leap into Ethereum.
Burnt Ether Tops $2B as Ethereum 2.0 Deposit Contract Continues to Grow
Burnt Ether stands at 608,567 ETH worth $2.089 billion since the London Hardfork or EIP 1559 upgrade went live on August 5.
Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked
The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.
On BX Swiss market, 21Shares launches crypto staking ETP
Staking-focused crypto-exchange-traded product from 21Shares. The STAKE ETP follows BNB, Cardano, Cosmos, Polkadot (DOT), Solana, and Tezos. 21Shares Staking Basket ETP never lends. AXTZ's year-to-date performance has increased 38% and ASOL's 78%.
Yuga Labs Raises $450m to Build Media Empire Around NFTs: Report
Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) project has raised the sum of $450 million in funding from investors led by Andreessen Horowitz (a16z).
Former a16z Partner Katie Haun's Crypto VC Fund Raises $1.5 Billion
Former federal prosecutor Katie Haun’s crypto venture capital fund has raised $1.5 billion to invest in crypto-related startups.
Fidelity Offers Bitcoin Portfolio Options to Retirement Investment via MicroStrategy
America’s largest retirement savings plans 401(k) provider, Fidelity Investments, is set to permit the allocation of some of its client's funds into Bitcoin, a move it said was based on popular demand.
Crypto Going Public in 2021—Three Crypto Giants Set to Take On Wall Street
As Bitcoin and cryptocurrency continue to rise as an investible asset class, three giants of crypto have announced plans to go public in 2021 and take Wall Street by storm.
1inch Joins Ethereum's zkSync Era for Faster DeFi Transactions
1inch, a decentralized finance (DeFi) protocol, has deployed its aggregation and limit order protocols on Ethereum's zkSync Era. The move is aimed at leveraging faster and cheaper transactions on the layer-2 scaling solution.
KuCoin Pairs with DeFi Data Aggregator 1inch for Implementing Native Swap Function
The Seychelles-based crypto exchange KuCoin has announced a partnership with 1inch DeFi data aggregator to bring native token swap functionality to its in-house wallet.
Baidu Trends: Bitcoin Searches Skyrocket Amid Social Distancing and Working From Home Approaches
According to Baidu, a Chinese multinational technology company offering internet-related services, Bitcoin searches have shot up by 183% in the last one month. This trend can be linked to the fact that many countries have asked their citizens to adhere to precautionary approaches, such as self-quarantining, social distancing, working from home, necessitated when tackling coronavirus.
Italian Bank Offers Crypto Trading to Over A Million Customers Amid Coronavirus Pandemic
Due to the coronavirus outbreak and the lockdown situation in Italy, an Italian Bank, Banca Sella has launched Bitcoin trading services for its 1.2 million customers of Hype mobile banking platform.
BlockFi Granted Extension to Submit Bankruptcy Exit Plan
BlockFi, a cryptocurrency lender, has been granted a 48-day extension until May 15 to submit a bankruptcy exit plan. The company is exploring a potential sale of assets or an outside backer to support a restructuring deal. A committee of BlockFi customers argued to take control of the case, citing the lack of a workable business for reorganization and the potential sale of the platform. However, the bankruptcy judge granted a shorter extension than requested by BlockFi.
Ethereum's ACDE 171 Paves Way for Devnet Launches and Private ETH Transfers
The Ethereum developer community discussed various updates in the 171st ACDE meeting held on September 28, 2023. Key topics included the launch of Dencun devnets, EIP-4788 contract bytecode audits, the re-launch of Holesky, a new proposal for private ETH transfers (EIP-7503), and a small amendment to EIP-6780 concerning the SELFDESTRUCT operation. These discussions indicate a proactive approach towards enhancing Ethereum's network ahead of the next ACDE meeting on October 12.
What Can We Learn From Coinbase CEO Brian Armstrong's Coronavirus Outbreak Contingency Plan for Employees?
US health officials from the Centers for Disease Control and Prevention stated that the coronavirus “is not recognized to be spreading in US communities.”
Nations Around the World Urged to Learn From China in Fighting Coronavirus Using Blockchain
Different stakeholders are urging other nations to embrace China’s effective model in fighting this pandemic by deploying blockchain technology.
ConsenSys Reveals How the Ethereum Network Weathered the COVID-19 Pandemic Market's Flash Crash on Black Thursday
While much debate has raged about the state and action of crypto’s main player Bitcoin, new insights generated using ConsenSys’ analytics suite, Alethio have revealed how Ethereum has endured the evaporation of liquidity in the global markets.
Major Banking and Financial Associations Urge SEC to Amend SAB 121 for Digital Asset Custody
The Bank Policy Institute, American Bankers Association, Financial Services Forum, and SIFMA have requested modifications to Staff Accounting Bulletin No. 121 to address challenges in digital asset custody for US banking organizations. The aim is to align provisions with recent policy developments and practical experience.
Ethereum's Average Gas Fees Hit a 3-Month Low
The average gas fees on Ethereum have hit a 3-month low, below $10.
Andreessen Horowitz to Raise $4.5B for Two New Crypto Funds
Wallet Street Venture Capital firm Andreessen Horowitz is rallying investors for a $4.5 billion dual fund targeted at making strategic investments in the cryptocurrency ecosystem.
Tencent Cloud Tech to Support Blockchain Digital Records for Travel Amid COVID-19
Tencent Holdings has joined hands with blockchain firm ShareRing to deploy a blockchain-powered digital document and identity management solution.
IRS Cracking Down on Cryptocurrency Tax Evasion, Seeks Private Crypto Tax Contractors
The Internal Revenue Service (IRS) has requested help from independent consultants to crack down on non-compliance in cryptocurrency tax.
Ark Investment: U.S. Crypto Innovation Threatened by Regulatory Ambiguity
According to ARK Investment Management, a well-respected global asset manager and advocate of bitcoin, these developments are causing crypto liquidity in the U.S. to decrease substantially and leading to greater volatility in crypto prices.
Aston Martin & Alfa Romeo Launches Fan Tokens as the First F1 Teams
Formula One (F1) racing teams Aston Martin and Alfa Romeo reportedly become the first F1 teams to issue fans tokens of crypto on the Socios.com platform.
Ethereum’s Transaction Volume Scales the Heights by Topping 2.14B ETH in 2021
With an annual return rate of 399.2%, Ethereum (ETH) has scaled the heights in 2021 thanks to increased adoption and notable upgrades like the London Hard Fork.
Spanish Researchers Deploy AI and Blockchain-Powered App to Tame COVID-19
At least 100 Spanish researchers from the University of Salamanca, the Artificial Intelligent Research Institute, and the Institute of Biomedical Research of Salamanca have joined hands to design an AI and blockchain-based app to picture the evolution of the coronavirus (COVID-19) pandemic. Their objective is flattening this pandemic’s curve as it has wreaked havoc across the globe.
Crypto Lender Celsius to Proceed with Chapter 11 Restructuring Plan
Celsius Network, the bankrupt crypto lender, has announced it will proceed with its Chapter 11 restructuring plan, with a disclosure statement containing information for claim holders to be filed on April 12. The proposed restructuring plan is sponsored by NovaWulf.
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.
NiceHash Keeps Promise to Reimburse Victims of 2017 Security Breach
NiceHash is making good on its promise to repay victims of the 2017 security breach of its exchange, which saw over 4640 BTC stolen ($55,680,000 in Bitcoin at the time).
Ethereum is Burning at the Rate of 6.29 ETH per Minute
Burnt Ether is edging closer to the 1.2 million ETH mark, given that it's burning at a rate of 6.29 ETH, approximately $24,361, per minute.
US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief
Nine members of the US Congress advocated for the benefits of leveraging blockchain technology to counter the crisis brought upon by COVID-19.
World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread
With coronavirus (COVID-19) prevention measures necessitating self-isolation and social distancing, Friend of the Sea (FOS), a World Sustainability Organization’s project for seafood certification, has embraced blockchain-enabled virtual audits to mitigate the expansion of this pandemic. As a result, FOS has eradicated onsite scrutinies because safety is of the essence during these trying times.
Crypto & the FATF Travel Rule: FinCEN Suggests Challenges in Governance, Not Technology
The Financial Action Task Force (FATF) Travel Rule has been in the center of attention lately, which concerns crypto transactions above a certain amount must be accompanied by identifying information.The rule is an update to the existing FATF Recommendation 16, regarding cross-border and domestic wire transfers, and is intended to address the anti-money laundering (AML) and counter-terrorist financing (CFT) challenges as crypto adoption increases. The FATF Travel Rule could mean implications for virtual asset service providers (VASPs), including cryptocurrency exchanges, wallet providers, and custodians.
Bitcoin Price Bull Run Will Hit All Time High in 2020, Predicts Billionaire Bitcoin Investor
The Bitcoin price is heading to $20,000 by the end of 2020 according to billionaire cryptocurrency investor Michael Novagratz, CEO, of Galaxy Digital.
TX Debtors Propose Amended Chapter 11 Plan: Cryptocurrency Claims Valued at Bankruptcy Date
FTX's debtors plan to value cryptocurrency claims based on their value at the time of the company's November 2022 bankruptcy, potentially impacting creditors due to market recovery.
Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report
Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months.
NFT concludes F1 season with Red Bull Racing
Red Bull Racing's cars will feature a nonfungible token (NFT) on their livery in what is being called a first in F1. Lei the Lightning Azuki, an NFT artwork and character from the anime-inspired Azuki collection, will represent the team.
Why is everyone going crazy over NFT?
Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO, has over 15 years ’work experience in IT, including over 10 years in financial markets. He has optimized the technology and processes at the CEX.IO exchange, as well as the trading and analytics systems and integrations with external systems. Equally, he has created the CEX.IO Broker platform to trade derivatives, an author of trainings on financial and tech topics as well as a speaker at industry-wide conferences.
Will Shiba Inu SHIB reach $1 by 2030?
Shiba Inu's 600 trillion SHIB coins are in circulation, but reaching $1 requires a market cap of $600 trillion, ten times the combined valuation of all U.S. stocks.
Mark Cuban To Testify On Voyager Marketing
Mark Cuban will be deposed in a class-action lawsuit claiming that he supported Voyager Digital's Ponzi scam. Judge Lisette M. Reid ordered Cuban's complete deposition on February 2 in Dallas, Texas. Plaintiffs' attorneys applauded the judge's denial of Cuban's motions to halt and postpone discovery.
Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown
The International Monetary Fund (IMF) has released its quarterly World Economic Outlook for 2020 which paints a bleak picture on how the disruptive economic effects of the COVID-19 virus global quarantine measures, dubbed the ‘Great Lockdown’, will continue to cripple the markets long after the pandemic ends.
Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data
Algorand, the first pure proof-of-stake (POS) blockchain created by cryptography pioneer and Turing award winner Silvio Micali, has launched a global Coronavirus (Covid-19) survey. The company published a blog post on March 27 announcing its ‘IReportCovid’ survey app. The aim of the survey is to compile a public database to share information on the spread, status, and symptoms of the COVID-19 pandemic and give updates in “real-time.”
Google Sues Unknown Entities for Malware Scheme Disguised as AI Chatbot Bard
Google is suing individuals for a malware distribution scam involving false AI chatbot ads, aiming to protect users and intellectual property amid growing digital security challenges.
Proposal to Return ARB Tokens to Arbitrum DAO Treasury Rejected
A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders. The rejection comes amid a dispute between Arbitrum's community and foundation over its governance proposal AIP-1.
Ideogram AI Secures $16.5 Million in Seed Financing Led by a16z and Index Ventures
Ideogram AI, an AI company, aims to use generative AI to enhance human creativity. The company has raised $16.5 million in seed financing, with participation from venture capital firms and industry experts. Ideogram AI is seeking talent in engineering, research, design, and operation, based in Toronto.
McLaren Racing Signs a Multi-year Partnership with Crypto Exchange OKX
McLaren Racing, a British motor racing team, has inked a multi-year deal with crypto exchange OKX, formerly OKEx, to be the primary partner of McLaren Shadow esports Team and McLaren Formula 1 (F1) Team from this year.
Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion
Grayscale Investments has collaborated with NYSE Arca to file Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to convert the Grayscale Ethereum Trust into a spot Ethereum ETF. This move is a significant part of Grayscale's ongoing strategy to transition its entire range of 17 crypto investment products into ETFs. The filing follows the SEC's recent approval of the first Ethereum futures ETFs.
Metacade's Community-Driven GameFi Platform Raises Over $10M in Presale
Play-to-earn favorite Metacade continues to draw investor attention after raising more than $10m, as it now enters the penultimate stage of the presale. With confirmed listings on Bitmart and Uniswap due after the presale ends on the 30th of March, there are only 16 days left before the token goes public.
Bloomberg Report: COVID Stock Market Shake-Out Accelerating Bitcoin Maturation Into Digital Gold
A new report from international news agency Bloomberg indicates that the COVID-19 pandemic’s shake-out of the stock market may be accelerating Bitcoin’s maturation into a new kind of digital gold.
Pahdo Labs Secures $15M Series A Funding led by a16z
New York-based game development studio Pahdo Labs has raised $15M in a Series A financing round, with participation from Pear VC, BoxGroup, Long Journey Ventures, Neo, and Global Founders Capital. The company, founded in 2021, focuses on creating multiplayer video games and is launching its upcoming project, "Halcyon Zero," in September. The game, built on the Godot Engine, combines anime aesthetics and action role-playing, allowing players to craft their own worlds.
US-China Cold War Could Benefit Bitcoin
An internal Chinese report presented to Chinese Leader Xi Jinping and his top party members on May 4, concluded that anti-China sentiment is currently at its highest since the 1989 Tiananmen Square crackdown according to Reuters.
Crypto Trading in India Soared by 400% During COVID-19 Lockdown
With the ongoing COVID-19 pandemic, India’s cryptocurrency trading industry has seen an increase of 400 percent over the last few months.
OKX Liquid Marketplace Records Over USD1 Billion in Institutional Trading Volume in 2023
OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that its Liquid Marketplace, an on-demand liquidity network tailored for institutional traders, exceeded USD1 billion in trading volume in 2023.
European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption
COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens.
Former BitMEX CEO Arthur Predicts $30K Price Target for BTC by June
In tandem with his call for a “crypto carnage” that is underway in the second quarter, former BitMEX CEO Arthur Hayes has predicted a price slump of $30,000 for Bitcoin and $2,500 for Ethereum by the end of June 2022.
ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks
ArcBlock has released an updated framework called ArcBlock Blockchain Platform 1.0. It will assist businesses and developers to quickly manage and build decentralized applications and blockchain networks.
Cybersecurity Firm Halborn Warns of Zero-Day Vulnerabilities in Over 280 Blockchain Networks
Cybersecurity firm Halborn has warned of a vulnerability called "Rab13s" that could put over 280 blockchain networks at risk of zero-day exploits, potentially exposing at least $25 billion worth of crypto. The most critical vulnerability could allow an attacker to send malicious consensus messages to individual nodes, causing each to shut down and potentially enabling a 51% attack on the network. While Dogecoin, Zcash, and Litecoin have already implemented patches for the discovered vulnerabilities, hundreds of other networks remain at risk.
Silvergate Reports $1B Deficit In Q4 2022
Silvergate Bank reported a $1 billion net loss attributable to common shareholders in Q4 2022. The FTX and Alameda Research class-action lawsuit is against the corporation. Silvergate CEO Alan Lane said the business still believes in the digital asset market and would keep its financial sheet liquid.
Celsius Network Announces Disclosure Statement for Chapter 11 Plan
Celsius Network, a bankrupt crypto lender, has announced it will move forward with its Chapter 11 restructuring plan by filing a disclosure statement on April 12. The statement is aimed at providing "adequate information" for claim holders to vote on the proposed restructuring plan sponsored by NovaWulf. The plan proposes creating a public platform fully owned by Earn creditors called NewCo, with no involvement from Celsius founder.
Blockchain Finance Forum: Europe 2021
The Forum will count on 30+ expert speakers from well-known organisations like the European Commission, Swiss National Bank, European Banking Federation, the British Blockchain Association, European Blockchain Partnership, Deutsche Bank, Aviva and many more
US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO
US Judge Alvin Hellerstein rules in favor of the Securities and Exchange Commission in the regulator's lawsuit against Kik’s 100 million 2017 ICO.
The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President
As the world tries to come to terms with the coronavirus outbreak, recently Edwin Bautista chief executive and president of UnionBank of the Philippines revealed how digital services could support consumers as they increasingly self-isolate themselves or have to work remotely for an extended timeframe. The fintech leader projected the end of cash as the coronavirus crisis provokes banks to fast track the shift towards digital. But will the end of physical cash become a reality? The trend towards cashless remains inevitable as the current events seem to accelerate this process.
Miami Mayor Francis Suarez to Take Part of his 401K Retirement Funds in Bitcoin
Miami Mayor, Francis Suarez has doubled down again on his love for Bitcoin, promising that he plans to take a part of his 401k retirement savings fund in the digital currency.
Crypto ETP provider 21Shares' Parent Firm Raises $25m
21.co, the parent company of European ETF issuer 21Shares, has completed a $25 million financing led by Marshall Wace at a valuation of $2 billion.
Facebook Sues Bangkok 'LeadCloak' Software Developer Over Alleged Crypto Scams and Bogus COVID-19 Data
Facebook has sued a Bangkok software engineer whose firm offered software designed to bypass ad review systems and push deceptive ads to run on the media platform.
Ransomware Attack Directed Towards University of California Generated 118 Bitcoin
The University of California, San Francisco’s plans to further COVID-19 vaccine research were disrupted by a ransomware attack on the school’s servers.
British University Reveals Blockchain-Enabled Digital Certificate to Water Down COVID-19 Dangers Across Supply Chains
Birmingham City University (BCU) in the United Kingdom is testing the waters with a blockchain-based digital safety certificate to safeguard consumers and suppliers from risks triggered by coronavirus (COVID-19). The digital certificate dubbed the Coronavirus Clearance Certificate (CCC), will be instrumental in reassuring stakeholders across supply chains that goods offered are risk-free.
Voltage Park's $1 Billion Cloud Infrastructure Targets ML Compute Shortage
Voltage Park, launching on October 29, 2023, introduced a $1 billion cloud infrastructure housing around 24,000 NVIDIA H100 GPUs, aimed at redressing the ML compute resource crunch. A subsidiary of the Navigation Fund, Voltage Park aspires to democratize ML compute access, thereby catalyzing AI innovation across the spectrum.
Austrian Telecom Provider Adds Cryptocurrencies to its Payments Network
With A1 Telekom’s move to accept Bitcoin and other digital currencies as a means of payment, Austrians now have more options in digital transaction payments
Cashing Out Vitalik Buterin’s Crypto Donation Proves Difficult for India’s Covid Relief Fund
Ethereum co-founder Vitalik Buterin donated $1 billion worth of cryptocurrency to a crypto Covid relief fund in India.
What Pfizer's COVID-19 Vaccine Means for the Bitcoin Price Outlook
Bitcoin saw a negative correlation with the traditional stock market, as hopes of the old normal economy were to be revived again.
Bitdeer Launches Innovative 4nm SEAL01 Bitcoin Mining Chip
Bitdeer introduces the SEAL01, a 4nm Bitcoin mining chip, promising high efficiency and sustainability in the face of the 2024 Bitcoin halving challenges.
‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”
In a talk radio segment, New York Bestseller Robert Kiyosaki and crypto investor Anthony Pompliano discussed the growth of Bitcoin (BTC) and the major role the cryptocurrency will play in the future.
World Economic Forum Views Blockchain as the Vaccine for Future Interferences in the Seafood Sector
The World Economic Forum (WEF) touts blockchain technology as the vaccine and game-changer needed to ensure things run smoothly in the global seafood supply chain irrespective of future disruptions. This is based on the fact that the coronavirus (COVID-19) pandemic has laid the bare knuckles of the inefficiencies and challenges faced by the seafood industry.
VeChain Announces Launch of Blockchain-Based Digital Platform at Cyprus Hospital
In light of COVID-19, VeChain announced the launch of a blockchain-based medical platform at the Mediterranean Hospital of Cyprus.
Sui Foundation Reallocates 117M SUI to Bolster Network Growth
Sui Foundation announces the reallocation of 117 million SUI tokens from external market makers to support the growth of its Layer 1 blockchain network, Sui. The move aims to bolster the network's DeFi ecosystem, which recently recorded its highest-ever total value locked (TVL) at approximately $37 million. The reallocation will not impact the circulating supply of SUI tokens.
Bitcoin's Popularity Sees Surge in Marijuana and Video Game Transactions During Coronavirus Lockdown
The coronavirus-induced lockdown has influenced an increased use case of Bitcoin. Sales of video games and cannabis using Bitcoin have seen a significant rise during the lockdown. The pandemic has revealed consumers’ priorities, as online sales of general digital products saw a decline, while video gamers and marijuana users have increasingly turned to Bitcoin during the virus outbreak.
IOTA's Bullish Momentum Continues as Chrysalis Phase 2.0 to be Launched Soon
The decentralized ledger platform IOTA is preparing to launch Chrysalis Phase 2.0, also known as the final phase of IOTA 1.5, and this will be a major milestone.
DOJ Appeals Against Approval of Voyager-Binance.US Asset Sale
The DOJ has filed an appeal against the approval of Voyager Digital's Chapter 11 bankruptcy plan, which would have allowed the company to sell assets to Binance.US. While U.S. bankruptcy judge Michael Wiles approved the plan, the SEC and other regulators have been critical, citing concerns over securities law. If regulators block the deal, Voyager may have to liquidate.
Crypto Investment Firm M31 Capital Launches $100m Web3 Opportunity Fund
Crypto investment firm M31 Capital Management, LLC announced the launch of a new Web3 fund, aiming at investing in early-stage blockchain technology projects and protocols in the Web3 ecosystem.
SEC Rejects Application for Physical Bitcoin ETF from Ark 21Shares
So far, the SEC has not approved an application for a spot Bitcoin ETF. The latest rejection involves a Bitcoin ETF filed by Ark 21Shares.
FINRA Identifies Widespread Violations in Crypto Communications
A recent FINRA review reveals over 70% of crypto-related retail communications from member firms contain potential violations of regulatory guidelines, including false or misleading claims.
Xiao Yi: Mastermind Behind 2021's Biggest Bitcoin Crash Receives Life Sentence
Former Jiangxi Provincial Political Consultative Conference member Xiao Yi sentenced to life imprisonment for bribery and abuse of power, linked to Fuzhou Chuangshi Company's Bitcoin mining.
IOTA Foundation Announces Release Date of IOTA 1.5 Network Upgrade Chrysalis
The IOTA Foundation, a non-profit organization focused on blockchain and open-source development announced today that the first phase of its Chrysalis upgrade will be live on August 19.
Binance Now Ranked as the Second Largest Voting Power in Uniswap DAO
Binance is now ranked as the second-largest voter in the Uniswap DAO after a16z
Ethereum To Become a Deflationary Asset and See Its Supply Reduced with Proposed EIP 1559 Upgrade
Ethereum has a planned upgrade for July through which its cryptocurrency supply will be reduced. This is bullish for the price of ETH.
1inch Investment Fund Dumped 11,000 ETHs (WETHs) for Fusion Test
Ethereum address starting with 0x225d, identified as 1inch: Investment Fund, has reportedly made a substantial swap of Wrapped Ethereum (WETH) for stablecoins USDT and DAI, according to data from DeBank.
UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies
Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.
London Hard Fork Saved Ethereum Users $844m in Transaction Fees via Base Fee Refunds
Since going live on August 5, the London Hard Fork or EIP 1559 upgrade sought to make the Ethereum network deflationary by injecting a scarcity parameter.
US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens
As markets across the globe continue to feel the crunch of economic disruption caused by the coronavirus pandemic, debate has raged over a massive stimulus package being proposed in the US which could see the IRS send up to $2000 a month to all US citizens until the recession takes a turn for the better.
Three Altcoins To Watch This Week: 1INCH, ADA, and CAKE
As the market prepares for a new week with unpredictable twists, 1INCH, Cardano and PancakeSwap are worth watching.
Irreverent Labs Raises $40m in Funding, Led by a16z
Seattle startup Irreverent Labs has once again raised $40 million in funding led by Silicon Valley heavyweight investment firm a16z.
ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains
ENS Domains introduces the EVM Gateway, an open-source platform enhancing interoperability between L1 and L2 chains, promoting a more connected and efficient blockchain ecosystem.
First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies
Tus Data Asset, a blockchain firm based in Beijing, has been banned by the Chinese government from exporting medical supplies to other countries during the coronavirus pandemic.
SEC Postpones Ethereum ETF Decision Amid Regulatory Scrutiny
The SEC has delayed its verdict on Hashdex and Ark 21Shares' spot Ethereum ETF applications until May 2024, signaling a cautious approach to crypto ETFs.
“Bitcoin Better Investment than Gold," Winklevoss Says to Dave Portnoy Over Talks on Elon Musk’s Plans to Mine Gold in Space
In their interview with Dave Portnoy, Tyler and Cameron Winklevoss advised the "Davey Day Trader" to invest in Bitcoin rather than gold.
FinTech Giants PayPal, Intuit and Square Capital Approved to Digitally Distribute US Govt COVID-19 Small Business Stimulus
PayPal, Square and Intuit have received the government’s approval to take part in the US Small Business Administration’s (SBA) Paycheck Protection Program which was established in response to the COVID-19 pandemic triggered global financial crisis.
Bittrex Global to End Trading on Dec 4, 2023
Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.
Bybit Secures Multi-Year Partnership Deal with Red Bull
Following a 3-year deal, Singapore-based crypto assets trading platform Bybit has now become the Principal Team Partner for Oracle Red Bull Racing.
Polygon 2.0 Takes Major Step with POL Contracts on Goerli Testnet
Polygon is closing in on the launch of its 2.0 version with the deployment of POL contracts on the Goerli testnet. This significant development is a result of community consultations and the introduction of two new Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25. These PIPs aim to modify the EIP-1559 burn system and adjust the POL token supply.
SEC Extends Review Period for ARK 21Shares Bitcoin ETF
The SEC has postponed its decision on the ARK 21Shares Bitcoin ETF till January 10, 2024, marking another delay in the approval process. Amid broader calls for swifter approvals, the SEC's meticulous review approach underscores the regulatory cautiousness enveloping cryptocurrency-based financial offerings.
BlackRock and ARK Invest Conform to SEC's Cash Redemption Model for Bitcoin ETF
Major ETF issuers BlackRock and ARK Invest comply with SEC's cash redemption model for their spot Bitcoin ETFs, potentially paving the way for regulatory approval.
a16z Leads Blackbird's $24M Series A Funding to Elevate Dining Experiences Through Web3
a16z leads Blackbird’s $24M Series A funding round to foster a web3-enabled platform aimed at revolutionizing dining experiences and financial prospects for restaurants. Announced on October 4, 2023, this investment marks a significant stride towards intertwining blockchain technology with the gastronomic sector, heralding an enriched era of dining engagements.
21Shares Debuts The Sandbox-Focused ETP Product
A Switzerland-based digital currency asset manager, 21Sahres, has launched a metaverse product with a focus on The Sandbox.
Andreessen Horowitz Backed Story Protocol Secures $54M in Funding
Story Protocol, a San Francisco-based startup, raised $54 million in a funding round led by Andreessen Horowitz's a16z crypto. The company aims to redefine the IP landscape with an open infrastructure layer optimized for the internet era.
California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets
California’s Senate Banking and Financial Institutions Committee has unanimously passed Assembly Bill 2150 which will help define digital assets as well as to measure its potential impact on the state and consumers
ETH Price Sees Revival as Ethereum 2.0 Deposits Surpass $9 Billion
Ethereum 2.0 deposits just went above $9 billion as ETH is seeing impressive price corrections from last week's dip.
Bitcoin Miner Core Scientific Apparently Declares Chapter 11 Bankruptcy
Due to dropping income and BTC prices, Core Scientific filed for Chapter 11 bankruptcy in Texas. In July 2021, the company was valued at $4.3 billion. Due to a lengthy bear market, Core Scientific sold 9,618 BTC in April to continue functioning. Microsoft has banned cloud customers from mining cryptocurrency to improve service reliability.
Formula1 Announces Pairing with Crypto.com as its Global Partner
Hong Kong-based cryptocurrency exchange Crypto.com is now pairing with racing car brand Formula 1 as a global partner.
Quora's Poe Secures $75M for AI Chatbot Expansion
Quora has secured $75 million from Andreessen Horowitz to expand Poe, its AI chat platform, focusing on creator monetization and integrating leading AI models like ChatGPT and DALL-E 3.
US Labor Department Urges Caution over Crypto Investment in 401k Retirement Plans
Cryptocurrency is approaching ERISA plans, but the U.S. labour department is taking notice and expressing concern.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
BNB Chain Dominates Q1 2023 Rug Pull Scams
According to a report by blockchain security firm Immunefi, BNB Chain saw 73.3% of all rug pull scams in the crypto ecosystem during Q1 2023. The report also revealed that BNB Chain and Ethereum were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined.
Here's How the Stock Market and the Bitcoin Price Responded as US President Donald Trump Has COVID
United States President Donald J Trump, and First Lady Melania Trump have both tested positive for COVID-19 stirring different reactions in the stock market.
World Economic Forum Launches New Blockchain Toolkit for Supply Chains to Support the World Through Post-COVID Economic Recovery
The World Economic Forum (WEF) has just released its Blockchain Deployment Toolkit, aiming to enable companies of any size to be able to maximize the benefits of integrating blockchain technology in the supply chain sector. The toolkit allows companies to be able to get a better idea of how to handle deploying blockchain technology in regards to supply chain uses.
LD Capital: Institutions Are Buying on the Dip
Global markets face declines amid concerns over bond yields, inflation, and China's economy. Despite a 5% drop in the S&P 500 since July, the stock market rose 20% this year, with institutions capitalizing on the dip.
Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence
Upbit Singapore has received an in-principle approval for a Major Payment Institution licence from the Monetary Authority of Singapore, a significant step towards establishing a stronger digital asset business in Singapore. This provisional approval will enable Upbit Singapore to continue offering regulated Digital Payment Token services as per the Payment Services Act 2019 while awaiting the full license.
Crypto.com to bring Crypto to Formula 1 through Partnership with Aston Martin
Crypto.com is the first cryptocurrency platform to announce a partnership with an F1 team. The crypto exchange has secured a multi-year sponsorship deal with Aston Martin.
Ethereum Foundation's 1.7K ETH Sale Signals Potential Price Downturn
The Ethereum Foundation's sale of 1,700 ETH, coupled with pessimistic views from a crypto trading KOL and Mike Alfred, has fueled concerns about Ethereum's financial outlook. These developments may signal a potential downturn in ETH prices.
Celsius Network to File Disclosure Statement for Restructuring Plan
Crypto lender Celsius Network will file a disclosure statement on April 12 regarding its Chapter 11 restructuring plan. The statement is aimed at providing adequate information for claim holders to vote on the proposed plan, which would create a public platform fully owned by Earn creditors called NewCo. The committee of unsecured creditors will appoint the majority of the firm’s board members, with no Celsius founder involvement or relationship.
CreatorDAO Community Raises $20M in Seed Fund
CreatorDAO, a decentralized autonomous organization, announced that it raised $20 million in a seed round led by Andreessen Horowitz and Initialized Capital.
Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction
Rabbit Inc's r1, an AI-powered mobile device featuring the innovative Large Action Model OS, was showcased at CES 2024, offering a novel approach to mobile interaction and user convenience.
China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank
China’s central bank has further galvanised its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday by the People’s Bank of China (PBoC) vice governor Yifei Fan.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.
Everything You Need to Know about 1inch
1inch is a Decentralized Exchange (DEX) aggregator built on Ethereum. It is a type of liquidity protocol specialized in providing customers with the most favourable and most convenient transaction route by automatically aggregating offers from other decentralized exchanges.
Mixin Network Urges Hacker to Return Funds, Offers $20M Bug Bounty
Mixin Network, compromised in a $200 million hack, has directly communicated with the hacker, offering a $20M bug bounty for the return of stolen assets. The transaction was confirmed on Ethereum block 18225451. Investigations by cybersecurity firms are ongoing, and the incident has led to debates about security measures in the crypto ecosystem.
a16z: Top 50 Generative AI Revealed; ChatGPT, CharacterAI, Bard, Poe, QuillBot Rank Top 5
ChatGPT, the fastest consumer application to achieve 100 million active users, is dominating the GenAI space. 80% of the top 50 GenAI web products didn't exist a year ago, with ChatGPT accounting for 60% of monthly traffic. General LLM chatbots dominate, but AI companions like CharacterAI and content generation tools are gaining traction. The GenAI space is rapidly evolving, with ChatGPT leading the charge.
Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus
A blockchain-powered QR health code system has been instrumental in enabling at least 17 million people to travel between the Chinese mainland and Macau since May.
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
Is Bitcoin’s True Power Being Revealed as COVID-19 Market Crisis Sends Oil Futures Price Below Zero?
As WTI crude oil futures plummeted into negative territory, the pioneer cryptocurrency Bitcoin hardly seemed to notice, recording only a minor correction and dipping under 7k.
CUHK Pairs with ConsenSys To Launch Blockchain-based Covid Digital Health Passport
The Chinese University of Hong Kong and an Ethereum technology company-ConsenSys have launched a blockchain solution-based digital health passport for trial to record all Covid-19 related activities.
Cerus Markets Launches its Mobile Trading App $10,000 Giveaway
Cerus Markets is excited to launch its Mobile Trading App Giveaway!
Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT
Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.
Bitclub Crypto Ponzi Scheme Suspects Petition Court For Release Citing Coronavirus Fears
Two men accused of operating a crypto Ponzi scheme, the BitClub Network, which defrauded thousands of investors out of $722 million, have requested a New Jersey federal court to grant them a temporary release. The two prisoners have petitioned a New Jersey federal judge as they fear they could contract the coronavirus if they are not freed from the enclosed county jail environment.
Microsoft D3D12 Work Graphs Elevate GPU Autonomy in Gaming and Rendering
Microsoft's official release of D3D12 Work Graphs marks a significant advance in GPU-driven rendering, optimizing resource management and enabling more efficient algorithms.
Over Half of Fortune 100 Companies Embrace Crypto, Blockchain, and Web3, Reveals Coinbase Report
According to a recent report released by Coinbase, more than half of the Fortune 100 companies in the US have been actively pursuing crypto, blockchain, or web3 initiatives since the beginning of 2020.
Lightspeed Venture Partners Secures $7.1B to Launch 4 New Crypto Funds
Venture capital firm Lightspeed Ventures has announced it has secured the cumulative sum of $7.1 billion to bankroll 4 new crypto funds.
FTX Ventures Leads $300m Series B Funding for Mysten Labs
Mysten Labs, the startup behind the highly hyped Sui blockchain protocol, has raised $300 million from top investors in the Web3.0 ecosystem.
Trump Pushes Federal Reserve For Negative Interest Rates, Bitcoin's Anti-Inflation Mechanism Shines
The potential for negative interest rates on the US dollar highlights the strength of cryptocurrencies like Bitcoin, which have anti-inflationary mechanisms built-in.
Drosey's Web5 to Merge Web3 and Web 2.0, Built on Bitcoin Blockchain
Web5 is a combination of Web3 and Web 2.0 built on the Bitcoin blockchain, former Twitter CEO Jack Dorsey announced through Twitter.
Metacade raises over $14.7M as presale set to close in 72 hours
Metacade, one of the most exciting GameFi ventures of 2023, has now raised over $14.7m as the presale goes into its final hours. With over 90% sold, the project expects to sell out ahead of their scheduled closing time, set for Friday 31st March at 23:59 Pacific Time.
Deloitte Partners With Chronicled to Fight Counterfeit Medication Using Blockchain Technology
Leading audit firm Deloitte has partnered with Chronicled, a San Francisco tech company, to address medication fraud and counterfeit drugs through blockchain technology. Chronicled will provide its blockchain-enabled network dubbed MediLedger that has been instrumental in the healthcare and life sciences sector.
Mantle (MNT) Network Launches Mainnet v2 Tectonic
Mantle Network has completed its Mainnet v2 Tectonic upgrade, delivering low gas fees and enhanced EVM interoperability.
WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments
With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to track everyone who bought fever medicine in the province.
Non-US FTX Customers Want Bankruptcy Files Suppressed
A group of non-U.S. FTX customers wants court records to redact their identities and sensitive information. FTX.com's $1.9 billion frozen assets are represented by the Ad Hoc Committee. On December 12, the U.S. Trustee objected to the initial motion.
UAE Leverages Blockchain, Robotics and 3D Printing to Flatten Coronavirus Curve
The United Arab Emirates (UAE), through in5, a startup incubator for nurturing businesses and ideas, is deploying blockchain, robotics, and 3D printing technologies to instigate the wellbeing and safety of its citizens amid the coronavirus (COVID-19) pandemic.
Ethereum and Formula 1 Racing Team Up for Blockchain-Based Gaming
In-game purchasing and item collection has seen growing popularity in the gaming industry. Gamers are investing time and money into attaining the best items money can buy.
OpenAI in Advanced Funding Discussions Targeting Over $100 Billion Valuation
OpenAI is in talks to raise over $100 billion in funding, potentially making it the second most valuable U.S. startup, with discussions also involving a chip venture with G42.
Coinbase User Sues IRS for Illegal Seizure of Crypto Records
James Harper, a Bitcoin researcher, is suing the IRS, its commissioner, and nearly a dozen of its agents for violating his Fourth and Fifth Amendment rights—his right to privacy and right to due process—with their infamous Letter 6137 in July last year.
Konvoy Ventures Launches $150M Gaming Fund
Konvoy Ventures, a venture capital startup, has announced the launch of its Konvoy Ventures Fund III as it looks to deepen its feet in the Web3.0 gaming ecosystem.
Ripple Releases 1 Billion XRP from Escrow
Ripple has once again released 1 billion XRP from its escrow account.
Bitcoin Addresses with more than $1 Million Go Parabolic
Onchain data provider Glassnode has revealed that BTC addresses holding more than $1 million increased by 150% to 66,540.
Bitcoin Inches Closer to a Market Value of $1 Trillion
Bitcoin is making notable strides because its current bull run has resulted in its market value being a stone’s throw away from the $1 trillion mark.
MicroStrategy Scoops Up another $1 Billion Worth of Bitcoin
MicroStrategy has announced that it has just invested another $1 billion in Bitcoin, purchasing the digital asset as it was trading around $52,765.
Will SushiSwap's Sushi Token Suffer a Second Price Drop Below $1?
The SUSHI token may suffer a second drop, which could plummet below $1. Here's why.
Number of Bitcoin Addresses in Loss Is Currently at a 1-Month Low
Bitcoin number of addresses in a low is at a 1-month low of 330,817.774
$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History
On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.
Ripple Unlocks 1 Billion XRP From Escrow, XRP Trades Heavy As US Dollar Loses Value
Ripple has unlocked 1 billion XRP tokens and is being heavily traded as the US dollar continues to lose value.
Ethereum to See $1 Trillion in Real Value Transfers This Year, Eclipsing PayPal as Institutional Interest Rises
Ethereum will process more than $1 trillion in real value transfers this year, surpassing PayPal.
18,000 Bitcoin Whales Circle the Crypto Market, Each Holding At Least $1 Million in Bitcoin
Glassnode’s recent report shows that the number of Bitcoin addresses holding at least $1 million worth of Bitcoin has increased by 38%. Currently, there are 18,000 Bitcoin whales.
China-Based Crypto Ponzi Scheme Generates $1 Billion Before Being Flagged
A cryptocurrency Ponzi scheme was reported by Chinese law officials, but not before fraudsters reaped more than $1 billion profit from it.