In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms. After the …
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The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally. Emirates Post Group, or EPG for short, announced this week that it has become the first postal organization in the Middle East and North Africa …
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Global financial market took a hit on Nov. 30 after comments from U.S. Federal Reserve Chair Jerome Powell hinted that inflation and the Omicron COVID-19 variant are growing threats and that the bank’s easy money policies could end sooner than anticipated. Prior to Powell’s comments, Bitcoin (BTC) had been on the rise and the digital …
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Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community. Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and …
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November 30, 2021 – The Republic of Singapore, Singapore Solv Protocol is pleased to announce the completion of the Series A round led by preeminent venture investors Blockchain Capital, Sfermion and gumi Cryptos Capital. Solv Protocol recently announced $4 million raised in Series A round from leading venture investors including Blockchain Capital, Sfermion, and gumi …
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Bitcoin (BTC) is moving into the hands of long-term holders amid its weak price action, according to an on-chain analyst at the crypto analytics firm Glassnode. The pseudonymous analyst TXMC tells his 29,200 Twitter followers that BTC’s illiquid supply, the Bitcoin held by “strong-handed HODLers,” is rising even as the largest crypto asset by market …
November 30, 2021 – Singapore, Singapore BlockchainSpace, a guild hub for play-to-earn (P2E) communities, announced a $2.4 million strategic funding round today. Coming hot on the heels of last month’s seed round, the funds will be used to onboard the next 20,000 guilds worldwide and accelerate growth in the rapidly expanding NFT gaming industry. Morningstar Ventures …
November 30, 2021 – Paris, France Colony, a community-driven accelerator evolving into a decentralized autonomous organization that’s aiming to generate rapid growth in the Avalanche ecosystem, announced it has raised $18.5 million in seed funding. The round was led by the Avalanche Foundation and saw participation from Shima Capital, Hashkey, GBV Capital and Bixin Ventures. …
Solana (SOL) held onto its intraday gains on Nov. 30 as Grayscale Investments, the largest cryptocurrency fund in the world, announced that it would add SOL to its product line. The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $SOL, the native token of the @Solana network, …
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Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move that will also have the U.S. company launch a research facility in Israel. In a Tuesday blog post, Coinbase said it would be purchasing Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. The …
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On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism at the “Russian Calling” investment forum in Moscow. According to local news outlet lenta.ru, the president made the following remarks, as translated by Cointelegraph: “It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also …
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Crypto billionaire Vitalik Buterin has suggested a new short-term solution to curb soaring gas prices on the Ethereum network. The solution involves a new network upgrade that reduces the transaction calldata cost as well as limits the total transaction call data in a single block. Surging gas fee prices on Ethereum have constantly plagued the …
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Wintermute, a leading digital asset market maker, announced today that it has launched a $20 million fund to bootstrap dApp development on Polygon. In a press release shared with CryptoSlate, the company said that the fund is part of Wintermute’s newly established strategic partnership with Polygon. Wintermute to pour millions into Polygon, starting with Router …
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According to the British daily broadsheet The Times, the English Premier League has plans to investigate the growing ties between crypto firms and football clubs in the League. Crypto partnerships thrive with Premier League Clubs The economic impact of covid-19, and the restriction of mass gatherings, was a significant blow to football clubs worldwide. During …
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors …
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