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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...

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