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South Korean Gov’t Has ‘Invested USD 44.5m in Crypto Firms Since 2017’


Opposition lawmakers have launched a stinging attack on the South Korean government, accusing it of hypocrisy after it emerged that publicly owned companies and government departments have invested a combined USD 44.5m in crypto-related projects in the past four years. The data was compiled by...

If History Rhymes, ETH Might Hit USD 19K; Downside Risk Stronger Than BTC's


Should ethereum (ETH) follow bitcoin (BTC)'s former path, its price might hit USD 19,000 this year, one analyst estimated, while another one argued that ETH is now being driven by demand, and BTC - by scarcity. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, wrote in his latest...

Galaxy Digital To Acquire BitGo In a USD 1.2B Deal


Mike Novogratz. Major financial services and investment management firm Galaxy Digital has agreed to acquire crypto services provider BitGo. "The acquisition will position Galaxy Digital as a leading global full-service platform for institutions seeking access to the crypto economy, offering...

OVR: The Eiffel Tower Non-Fungible Token Has Been Sold for 38 ETH


OVR.ai has sold the Eiffel Tower, putting it for sale as Non Fungible Token on OpenSea for about $106.9K USD. In fact, the auction ended a few days ago, reaching a value of 38.6159 ETH. The Eiffel Tower NFT was a package of 60 OVRLands and it was on sale on Opensea for only a […]

USD 100M Multicoin, S&P Crypto, BTC & ETH in the Air at Sotheby's + More News


A fragment of Love is in the Air by Banksy. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news Multicoin Capital said it has raised a new USD 100m venture fund to back entrepreneurs...

Crypto Exchange Raided on MLM Fraud Charges, USD 214M In Assets Frozen


V Global, a South Korean crypto exchange has been raided by police, with the firm’s CEO placed in custody, homes, and offices searched, and assets frozen – with the trading platform accused of masterminding a large-scale, illegal multi-level marketing operation. Police succeeded in obtaining court...

Ethereum Climbs To USD 3.2K, Bitcoin and Altcoins Gain Momentum


Bitcoin price settled above the USD 58,000 level. It is currently (12:00 UTC) trading above the USD 58,500 resistance level and it seems like the bulls are aiming a test of the USD 60,000 resistance zone in the near term. Most major altcoins are gaining bullish momentum, including ethereum,...

Ethereum Enters the USD 3,000 Era


The native token of the most popular smart contract platform, Ethereum (ETH), just surpassed the USD 3,000 level for the first time in its history. At 03:20 UTC, ETH trades at USD 3,038 and is up by 3% in a day and 32% in a week. The price is now up by 1,320% in a year. ETH is the second-best...

Police: Suicide Linked to USD 180,000 Crypto Losses


Source: iStock/D-Keine A South Korean man aged in his twenties has committed suicide – and police claim that a crypto investment gone wrong likely drove him to take his own life. Police in Gangneung, Gangwon Province, said the man was found dead in the area on the afternoon of April 24. No suicide...

Paxos Raises USD 300M at USD 2.4B Valuation


Charles Cascarilla. Source: A video screenshot, Youtube/CNBC Television Regulated blockchain infrastructure platform Paxos (PAX) has raised USD 300m at USD 2.4bn valuation. The Series D round of funding was led by the US-based venture growth-equity fund Oak HC/FT, with USD 3.3bn in assets under...

Someone Paid USD 1.7M In Litecoin For Tom Brady Football Card


Source: Twitter/@GoldinAuctions In what is called one of the largest "hard asset" transactions to be paid entirely in cryptocurrency, an unknown buyer purchased an autographed Tom Brady football card for about USD 1.68m worth of litecoin (LTC) at an auction hosted by Goldin Auctions. The...

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