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Silvergate Bank Reportedly Aims to Buy Diem's Intellectual Property for USD 200M
27.1.2022
American chartered bank Silvergate reportedly aims to purchase Diem's intellectual property for USD 200m, The Wall Street Journal reported, citing people familiar with the matter.
The Diem Association (previously known as Libra Association) is a Meta-led project that initially aimed to create...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
FTX US Gets USD 400M Boost to Compete With Coinbase, Binance, Kraken & Co in US
26.1.2022
The crypto exchange heavyweight FTX’s subsidiary FTX US raised USD 400m in a Series A investment round that it says values the firm at USD 8bn and adds fresh capital to compete with other American exchange rivals such as Coinbase, Binance US, and Kraken....
Read More: FTX US Gets USD 400M Boost...
‘Romantically Involved’ USD 3.8m XRP Thieves Sent to Prison for 7 Years
26.1.2022
A couple who stole over some USD 3.76m worth of XRP tokens from a crypto investor in 2017 have been handed seven-year jail sentences after an appeals court in South Korea ruled that the duo should spend the best part of a decade behind bars....
Read More: ‘Romantically Involved’ USD 3.8m...
Bank of America says stablecoin adoption and CBDC is ‘inevitable’
25.1.2022
A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank
Buterin's Mother-Led USD 100M Genesi DAC Picks Crypto Gaming Platform as Its First Investment
24.1.2022
Genesi DAC, a group of venture capital investors led by Vitalik Buterin’s mother Natalia Ameline, picked the crypto gaming platform Tristan Metaverse as its first investment, with more projects expected to be announced soon.
The investment, which was for an undisclosed amount, will go towards...
Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Month Low
24.1.2022
The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing....
Binance Leads $5.5M Seed Round for Heroes of Mavia
24.1.2022
Binance recently assisted Heroes of Mavia by leading a 5.5 million dollars seed round. The gaming venture will use the funds to enhance its game development, attract fresh talent, and promote the community. Heroes of Mavia aims to revolutionize the NFT gaming landscape with its gameplay, mechanics...
The Graph Raises $50M in Funding Round
24.1.2022
The Graph enables the indexing of data on the blockchain. It is a subgraph-based technology that makes the data accessible for developers. Its open-source API, short for Application Programming Interface, allows different applications to communicate with each other in an ecosystem. The Graph...
Ethereum, Altcoins Extend Losses Against Bitcoin as BTC Tests USD 35K Zone
22.1.2022
On Saturday, the crypto market dropped further, with bitcoin (BTC) reaching price levels last seen in July 2021, while ethereum (ETH) extended its losses against BTC....
Read More: Ethereum, Altcoins Extend Losses Against Bitcoin as BTC Tests USD 35K Zone
Bitcoin Dips Below $40,000 During Sell-Off; Is It Final Decline Before Reversing?
21.1.2022
Bitcoin has been down more than 5% in the last 24 hours. One of the possible reasons for this downfall might be the US Security and Exchange Commission rejected the filing of a Bitcoin Exchange-traded fund by SkyBridge and First Trust Advisors. It was founded by Anthony Scaramucci. This Bitcoin...
Bitcoin Dives Below USD 39K, Ethereum Breaks 2.9K, Altcoins in Red
21.1.2022
Bitcoin price tried to clear the USD 43,500 resistance zone. However, BTC struggled to gain pace and started a decline below USD 41,200. There was a break below USD 40,000 and the price is currently (04:18 UTC) consolidating losses near USD 38,700.
Similarly, most major altcoins declined...
Prada & Adidas Launch NFTs on Polygon, USD 140B Man Group Mulls Crypto Fund + More News
20.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Prada & Adidas Launch NFTs on Polygon, USD 140B Man Group Mulls Crypto Fund + More News
Andreessen Horowitz Eyes USD 4.5B For New Crypto Funds
20.1.2022
As another sign of venture capital money increasingly fueling the cryptosphere’s disruption of legacy finance, US venture capital firm Andreessen Horowitz (a16z) has unveiled plans to raise up to USD 4.5bn to launch new crypto-focused funds -- potentially more than doubling the amount it raised...
New Investors and $400 Million Funding in Secret Network
20.1.2022
Shockwave was recently revealed by Secret Network. It is a growth-oriented initiative that is aimed to strengthen the grounds of Secret Network as a pillar and data privacy hub for Web3. Secret Network has now made three announcements under the initiative. The first announcement reveals a list...
Multichain Losses Reportedly Exceed USD 3M As Critical Vulnerability Remains Unsolved
20.1.2022
Losses of the cross-chain router protocol (CRP) Multichain have reportedly exceeded USD 3m as the protocol is still prone to additional hacks and exploitation.
Tal Be’ery, co-founder of the crypto wallet app ZenGo, claimed that the "hack is far from being over." He added that hackers have...
CRO Jumps as Crypto.com Releases USD 34M Hack Report
20.1.2022
CRO, the native token of major crypto exchange Crypto.com, is moving up today, as the company published a report detailing the recent attack and the loss of almost USD 34m -- adding that it has reimbursed the affected users.
"The incident affected 483 Crypto.com users. Unauthorized withdrawals...
PlotX Closes a $5 Million Pre-Series A Funding Grant from Polygon and Hashed; Announcing a New Staking Program
19.1.2022
PlotX, one of the fastest-growing GameFi dApp on the Polygon ecosystem, has concluded a $5 million pre-Series, a funding round and grant. As per a press release on January 17, PlotX received funds from Polygon Studios and Hashed with participation from high-profile crypto venture funds, including...
Why Is Litecoin Sinking? Will LTC Retest $120 Mark?
19.1.2022
Litecoin was among the top five cryptocurrencies a few years ago. After the founder of LTC, Charlie Lee, declared that he sold all his LTC to focus more on the development of blockchain technology, then the price of the coin declined significantly. It is designed on a Bitcoin protocol to enable...
Another Solo Miner Wins 'Life-Changing' Sum, Rakes In USD 536K in Ethereum Block Reward
18.1.2022
Solo miners are off to a strong start this year. On Monday, a solo Ethereum (ETH) miner with an average hashrate capacity of 2.19 Giga hashes per second (GH/s) won a block race on the Ethereum blockchain and raked in a reward of ETH 168, currently worth just below USD 536,000. ...
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