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Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
28.9.2022
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that...
Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent
26.9.2022
Hadean, a company using computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment behemoth Tencent. Hadean aims to keep developing...
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million
26.9.2022
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following...
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
21.9.2022
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of inflation,” Biden stressed during his “60...
Jump-Backed Wormhole, Pyth Launch on Aptos Blockchain
21.9.2022
Aptos co-founder Mo Shaikh says Jump Crypto has been “spending a lot of time” in the Aptos ecosystem
DeFi platform sees strong interest in halal-approved crypto products
20.9.2022
Navigating crypto is made more difficult for those with religious considerations and the founder of an Islamic law compliant DeFi platform has thousands of users seeking approved cryptocurrencies
Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants
11.9.2022
Rap star Jay-Z, otherwise known as Shawn Carter, and Block CEO Jack Dorsey, recently airdropped bitcoin to members of the Bitcoin Academy in Brooklyn. Jay-Z’s mother, Gloria Carter explained in a statement that a myriad of residents from Brooklyn’s Bedford-Stuyvesant participated,...
ETC Group Says It Will List an Exchange-Traded Product Based on Anticipated ETH Hard Fork
10.9.2022
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group’s ethereum ETP (ZETH) will be issued with “units of the new security...
Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions
8.9.2022
Coinbase says that the Treasury overstepped its authority in issuing the Tornado Cash sanctions
Sony Music files trademark application for NFT-authenticated music
8.9.2022
The new trademark application covers video recordings, text, artwork, and audio featuring live music authenticated by NFTs
China’s State-Backed Open Source Blockchain Onboards HK Conglomerates HSBC, Emperor Group
6.9.2022
China's state-backed Blockchain Service Network (BSN) has onboarded more than 10 conglomerates to its newly-launched Spartan Network, a blockchain infrastructure project
There’s a New Platform for Bitcoin-Backed Borrowing and It’s Courting Banks to Lend
3.9.2022
What is a gold-backed token and how does it work?
2.9.2022
Gold-backed tokens are getting increasingly popular as a more accessible alternative to investing in physical gold
Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder
2.9.2022
Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output...
Alchemy-Backed Blockchain Company Contribution Labs Raising $3M in Equity Sale
30.8.2022
The new startup developed Mint Kudus, which lets communities offer tokenized badges as participation rewards
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
26.8.2022
Algorithmic stablecoin USDN fell to $0.90 marking the fourth time that it failed to defend its dollar peg in 2022
A16z-backed CoinSwitch exchange raided over alleged forex law breaches
26.8.2022
The Andreessen Horowitz-backed crypto exchange is the latest on the Enforcement Directorate’s anti-money laundering hit list
PayPal Partners With Coinbase-Backed TRUST Network
23.8.2022
PayPal recently announced a strategic partnership with TRUST Network. Backed by Coinbase, Travel Rule Universal Technology is an industry-driven solution. The integration will help PayPal to increase compliance while maintaining optimal customer privacy and security. Seeing PayPal’s market stature...
United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'
19.8.2022
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
Cash-Backed HUSD Stablecoin Loses Peg, Drops to $0.92
18.8.2022
The token issued by Stable Universal has dropped to 8% below its $1 peg