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Arch Labs $7 Million to Develop Bitcoin-Native Application Platform


Arch Labs raises $7 million in a seed funding round led by Multicoin Capital, aiming to enhance the functionality of the Bitcoin blockchain through native applications. The post Arch Labs $7 Million to Develop Bitcoin-Native Application Platform appeared first on Cryptonews

Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030


Tech leader Jack Dorsey is betting big on Bitcoin, forecasting a price explosion to over $1 million by 2030. "I do think it hits that number and goes beyond," he said. The post Jack Dorsey Forecasts Bitcoin Will Surge to $1 Million By 2030 appeared first on Cryptonews

Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030


Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for price growth but also highlighted the unique...

Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto


Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these...

Agridex Raises $5 Million to Expand Agricultural Tokenization on Solana


In a recent funding initiative, the Solana-based Agridex project secured $5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops Limited and Oldenburg Vineyards. Agridex...

Binance Fined Over $4 Million in Canada for Money Laundering Violations


Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approximately $4.4 million, was levied after Binance...

Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC


Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. News of the fine comes just over a week after former...

Robinhood Met With SEC 16 Times Before Wells Notice, CEO Vlad Tenev Says


Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC. News of the meetings come as the crypto company's quarter 1 earning...

New meme sensation raised over $13 million – can it pump by x100?


After the bearish period that followed the Bitcoin halving event, meme tokens are back on the map again. We sawmajor meme coins like Book of Meme (BOME), Dogwifhat (WIF), and Pepe (PEPE) all pumping well above 20% in the last week alone. But all of these coins have a big market cap already...

Core Scientific Records $211 Million Net Income in Q1 2024


Core Scientific reports a turnaround with a net income of $211 million in the first quarter of 2024, marking a recovery from last year's financial losses with 2,825 self-mined Bitcoin. The post Core Scientific Records $211 Million Net Income in Q1 2024 appeared first on Cryptonews

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