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Lava Network Raises $15 Million in Seed Funding, Introducing Magma


Lava Network has successfully secured $15 million in a seed funding round, introducing the next phase of the mainnet. According to a recent blog post by Lava Network, the seed funding round was co-led by Tribe Capital, Jump Capital, and Hashkey Capital. Alliance DAO, Node Capital, North Island...

Peter Thiel’s VC Firm Founders Fund Made $200M Crypto Bet Last Year


San Francisco-based venture capital firm Founders Fund has once again jumped on the crypto bandwagon. Reuters reported on Monday that Peter Thiel’s VC allocated $200m toward crypto from late summer to early fall of 2023. Half of this investment was directed towards Bitcoin, with the other...

78% of Institutional Traders Have No Interest In Crypto: JP Morgan


New data shows that most global institutional traders have no interest in exposing holdings to digital assets although the number of pro-crypto firms has recorded a slight growth. A recent JP Morgan 2024 survey from over 4000 financial market participants shows creeping acceptance of Bitcoin...

Analysts predict a price boom for Bitcoin and other cryptos


Analysts predict a price surge in Bitcoin and other cryptocurrencies, including, but not limited to, ETH and XRP. This comes despite the government declaring a crypto emergency. With that said, BTC is expected to be the biggest gainer on the list, with the price estimated to surpass its ATH in...

Cheap Energy Cost Fuels Chinese Bitcoin Miners Migration to Ethiopia


Ethiopia has become a lucrative destination for Bitcoin miners with lower energy costs and friendly government policies driving the move. According to Bloomberg, Bitcoin miners from China and other countries are setting up shop in the East African country followed by energy deals with electricity...

Ethereum NFT Trading Surges to Highest Weekly Volume Since February 2023


Ethereum’s non-fungible token (NFT) market is experiencing a surge in trading activity, with the weekly volume hitting its highest level since February 2023. According to data from CryptoSlam, NFT sales on the Ethereum (ETH) network has surged by around 100% over the past week, reaching...

CoinList to Acquire FTX’s Digital Custody Subsidiary in Cut-Price Deal


The FTX Debtors estate, under the leadership of CEO John Ray III, has initiated the process of selling Digital Custody Inc. (DCI) to CoinList. FTX had previously acquired the subsidiary in two separate transactions, one in December 2021 and the other in August 2022, for a total of $10 million....

Suicide Squad Easter Egg Hints At The Return Of A Beloved Character


Since even before Suicide Squad: Kill the Justice League launched, there’s been a lot of drama surrounding a pivotal scene featuring Batman. Rocksteady’s loot shooter is the continuation of the Batman: Arkham storyline, so fans were naturally interested in how the game uses the caped crusader....

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