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Web3 Infrastructure Platform Caldera Raises $15M in Early-Stage Funding
25.7.2024
Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally...
Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth
25.7.2024
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets...
Majority of Americans Believe US in Recession, Survey Shows
25.7.2024
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%)...
Ferrari Launching Crypto Payment System for European Market
25.7.2024
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better...
Nigeria to Train 1,000 Residents Annually in AI and Blockchain Technologies
24.7.2024
The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims...
Wyoming Senator to Propose Bill for US Central Bank to Hold Bitcoin, Report Says
24.7.2024
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced...
Crypto-Friendly Revolut Targets $45 Billion Valuation in Upcoming Share Sale
24.7.2024
Revolut, the crypto-friendly digital bank, is reportedly planning to sell $500 million of employee shares, targeting a staggering valuation of $45 billion. This move is seen as a significant step towards a potential Initial Public Offering (IPO). Revolut’s progressive approach to cryptocurrencies...
Unbound Fund Offers a New Path to EU Citizenship With Bitcoin Investment
24.7.2024
Unbound Fund has announced a new opportunity for individuals to acquire Portuguese/EU citizenship by indirectly holding bitcoin worth about $542,000 (€500,000). The fund is said to be the first of its kind to be eligible for the Golden Visa, providing exposure to bitcoin. Unbound Fund’s features...
US Vice President Kamala Harris Reportedly Mulling Bitcoin 2024 Conference Appearance
24.7.2024
Kamala Harris, Vice President of the U.S. and favorite to be nominated as a Democratic candidate for the presidency, is mulling making an appearance at the upcoming Bitcoin 2024 Conference where former President Donald Trump will also appear. David Bailey, CEO of BTC Inc., the institution behind...
EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets
24.7.2024
The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs...
Marathon Digital Ordered to Pay $138M for Contract Breach
24.7.2024
A federal court jury in Los Angeles has awarded Michael Ho $138 million after finding crypto mining firm Marathon Digital Holdings Inc. guilty of breaching a Non-Disclosure/Non-Circumvention Agreement. Ho had shared proprietary information about a large-scale energy supplier with Marathon, which...
Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase
24.7.2024
Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final...
NPC Labs Secures $18 Million in Seed Round to Bring Gamefi to Non-Crypto Native Users
23.7.2024
NPC Labs, an onchain product distribution platform founded by former members of Base, has successfully raised $18 million in a Seed Round led by Pantera Capital. The funding round saw participation from prominent investors such as Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures...
Gate.io Suspends New Account Registrations in Japan Amid Regulatory Pressures
23.7.2024
In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures....
Telegram Reaches 950 Million Monthly Active Users
23.7.2024
Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring tap-to-earn mechanics, such as Notcoin and the recently...
South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection
23.7.2024
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance...
SEC Extends Review Period for Bitcoin Trust Options Trading Proposals
22.7.2024
The U.S. Securities and Exchange Commission (SEC) has announced an extension for its decision on proposed rule changes from various self-regulatory organizations regarding the listing and trading of options on trusts holding bitcoin. The organizations involved include Box Exchange LLC, Cboe...
Vitalik Buterin Applauds Polymarket’s Predictive Power and Influence
22.7.2024
Ethereum co-founder, Vitalik Buterin, has publicly praised the prediction market Polymarket for their impressive performance. He commended the platform not only for accurately predicting outcomes well in advance but also for actively contributing to collective decision-making through the visibility...
Hong Kong’s Boyaa Interactive Announces Strategic Bitcoin Ecosystem Cooperation, Plans to Purchase $100 Million in BTC
22.7.2024
Boyaa Interactive, a public gaming company based in Hong Kong, has announced a strategic investment in the UTXO Bitcoin Ecosystem Fund. The company plans to allocate $1,000,000 to this initiative, aimed at promoting the Group’s business development and expansion in the Web3 industry. Boyaa aims...
Elon Musk Laser Eyes Profile Picture Sparks Speculation
22.7.2024
The recent addition of laser eyes, a feature popular among bitcoin enthusiasts, to Elon Musk’s profile picture has spurred speculation around his potential involvement in the upcoming Bitcoin 2024 Conference to be held in Nashville, Tennessee. According to Eleanor Terrett, a Fox Business...