Matrixport, the digital currency financial services company co-founded by the former Bitmain CEO Jihan Wu, has revealed the company has raised $100 million in a Series C financing round. The funding has propelled Matrixport’s valuation to unicorn status as the firm now has a valuation of over $1 billion. Matrixport Now Valued at $1 Billion, …
Monthly archives: August 2021
Mastercard Outlines Plans for Cryptocurrencies, Stablecoins, Central Bank Digital Currencies
Mastercard’s CEO has outlined the company’s plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). “We want to be playing a role across all of them … It’s obviously a vibrant space around digital currencies,” said the CEO. Mastercard Wants a Role in All 3 Crypto Areas Payments giant …
Top Analyst Says Bearish Bitcoin Pattern Will Be Invalidated if BTC Convincingly Breaks This Level
A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes says he might rethink a bearish call on BTC if it convincingly breaks a certain price level. The pseudonymous analyst, known as Dave the Wave, tells his 70,100 followers that no significant rallies will happen for Bitcoin until it crosses a …
Active Bitcoin addresses surged 30% in late July, data shows
Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses in the past week of July, with …
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Marathon buys 30,000 more Bitcoin miners, targets 13.3 EH/s hashing power
Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million. The news marks a continued increase of Marathon’s Bitcoin mining inventory, …
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BTC price sees 6% correction in contrast to booming Bitcoin on-chain data
Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend …
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NFTs are next for enterprise Ethereum, says ConsenSys founder Joe Lubin
Nonfungible tokens, or NFTs, are known by the mainstream as digital assets that represent real-world objects such as art, music and fashion, among others. Yet, while most of the world may be enamored by the high selling prices of NFTs launched by celebrities, athletes and other famous individuals, nonfungible tokens are starting to pique the …
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Number of Global Crypto Users Erupts to 221,000,000 in First Half of This Year, According to New Research
Digital asset exchange and payment platform Crypto.com says that the number of global crypto users has massively surged in the first half of 2021. In a new study, Crypto.com claims that the growth of the global crypto market has rapidly accelerated from 106 million users in January to 221 million users in June. Source: Crypto.com …
Saudi Aramco dismisses ‘false and inaccurate’ rumors on Bitcoin mining
The Saudi Arabian Oil Company (Saudi Aramco) stirred interest among crypto enthusiasts last year after investing $5 million in blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin (BTC) mining activities. However, Saudi Arabia’s state oil company released an official statement to …
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Brand executive posts discounted Utah home listing for Dogecoin
Crypto as a payment option for real estate continues to gain traction as the adoption of digital currencies for commercial transactions continues to take shape. Scott Paul, founder of Utah-based marketing agency Wooly, put up his Saratoga Springs home for sale, with Dogecoin (DOGE) as an acceptable payment method, according to a report by Fox …
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There’s no reason not to hold Bitcoin for 100 years, Michael Saylor says
Michael Saylor, CEO of business intelligence firm MicroStrategy, has staunchly defended the company’s bullish, long-term Bitcoin (BTC) position based on its unique potential to evolve into “the future of the property.” In an interview with Bloomberg TV, Saylor argued that MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain, …
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South Korean regulator to reportedly shut down 11 crypto exchanges
South Korea’s top financial regulator, the Financial Services Commission, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid fraud allegations. The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities and fraudulent collective accounts, local news agency The Korea Herald reported Sunday. …
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Is Amazon Planning to Accept Crypto?: Here’s What We Know So Far
Rumors are circulating that Amazon could adopt crypto. Amazon, however, has denied those rumors. Last month, rumors emerged suggesting that Amazon will accept crypto payments. Meanwhile, Amazon itself has denied most speculation. Here’s what we know so far. In late July, Amazon published a new job posting that indicates the company plans to hire a …
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Why Thailand’s oldest bank is bullish on DeFi [EXCLUSIVE]
Mukaya “Tai” Panich, Chief Venture and Investment Officer of Siam Commercial Bank’s venture arm SCB 10X, imagines a world in which decentralized finance (DeFi) powers the back-end of traditional finance companies. CryptoSlate talked to Panich about why Thailand’s oldest bank is bullish on DeFi and how its digital technology investment arm, which picks DeFi projects …
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Dogecoin (DOGE), Bitcoin (BTC) recover after brief Sunday sell off
Bitcoin and Dogecoin lost over 5% each Sunday night after a brief sell-off in the crypto markets. They regained most of the losses at press time, but futures traders were left nursing millions of dollars in losses. Bitcoin, Dogecoin fall. Ethereum remains stable BTC fell nearly $2,000 in a few hours—from $41,500 to under $39,200—briefly …
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