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New York-Based Investment Firm CoinFund Looking to Invest $250,000,000 in Crypto Startups
2.11.2022
U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC). ...
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Price predictions: Avalanche, Ethereum, and Orbeon Protocol
2.11.2022
Legendary American baseball player Lawrence ‘Yogi’ Berra was famous for making quips and pithy observations and being a great baseball player. Asked by a sports journalist about his predictions for a big game, he replied, “predicting is hard, particularly about the future.” He is right about that....
Leading Global Payments Network MoneyGram to Offer Cryptocurrency Services
2.11.2022
Global payments company MoneyGram has announced that US users can now use its platform to buy, sell, and hold some major cryptocurrencies.
In a November one press release, the payments giant said that it will offer crypto purchase services via its app to customers in nearly all U.S. states...
Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou
2.11.2022
China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province....
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Huobi Global reportedly plans relocation to the Caribbean
2.11.2022
The company may relocate up to 200 employees from Seychelles to one of the Caribbean jurisdictions
BNB Chain DeFi ecosystem recovers almost one-third in three months
2.11.2022
On the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery
Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation
2.11.2022
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said...
Deribit crypto exchange halts withdrawals amid $28M hot wallet hack
2.11.2022
Crypto exchange Deribit halted withdrawals following a hot wallet hack where hackers got away with $28 million in stolen funds
Judge orders probe to investigate whether Celsius was a Ponzi
2.11.2022
The Federal judge overseeing the Celsius case has asked for an investigation to look into whether the firm acted like a Ponzi scheme and has asked for additional details before approving a $3 million bonus scheme
GameFi.org forms a partnership with Firebird chain
2.11.2022
GameFi.org is extremely pleased to officially announce having joined hands with Firebird for a mutually beneficial partnership. The entity Firebird is an upgradeable and frictionless chain utilized for engaging with games on the Web3 and the metaverse. Previously, Firebird was known by the name...
Bitcoin Price and Ethereum Prediction – Big Day, Eyes on the US FOMC & Fed Rate Decision
2.11.2022
On November 02, the Bitcoin price is choppy, maintaining a narrow trading range of $20,300 to $20,800 ahead of the US FOMC and Fed Rate decision. Similarly, Ethereum has increased by less than 0.50% to $1,590, indicating investor indecision ahead of major news.
The worldwide crypto market...
XLS-20 is now functional on the XRP Ledger Mainnet
2.11.2022
The XLS-20, which happens to be the standard for XRPL NFTs, is finally active and functional on the XRP Ledger mainnet. However, the process and planning for this ambitious vision began as early as last year. The entire idea was to connect the NFTs to the XRP Ledger effectively. Ever since, all...
Braavos raises $10M at Pantera Capital’s investment round
2.11.2022
Motty Lavie, the Braavos CEO, announced that a self-custodial crypto wallet Braavos had raised $10M in a funding round intending to offer self-custody in a more user-friendly way. A self-custodial crypto wallet Braavos raises $10M with the backing of Pantera Capital, a crypto-focused investment...
Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process
2.11.2022
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
2.11.2022
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers
Nifty News: NFT marketplace says no to opt-in royalties, Visa jumps on World Cup NFTs and more
2.11.2022
A new NFT marketplace is giving a hard pass to optional royalties, bucking the trend, and NFTs are getting a new home on Ripple’s XRPL
Record hash rates may see Big Oil become a major BTC mining player
2.11.2022
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies
MicroStrategy CEO reiterates 'long term' Bitcoin play in Q3 earnings
2.11.2022
The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
2.11.2022
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated”...
Singapore bank DBS uses DeFi to trade FX and state securities
2.11.2022
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore