Silicon Valley tech VC Andreessen Horowitz (A16z) is reportedly eying an investment in Bored Ape Yacht Club creator Yuga Labs, with a reported valuation as high as $5 billion. Sources for the Financial Times revealed that Yuga Labs is seeking funding for a multi-million dollar piece of the company. If a deal is secured, it …
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It seems crypto winter is upon us and during times like these, projects that continue to forge ahead by focusing on development and expansion are often rewarded by traders who are looking to set up long positions where strong fundamentals trump the absence of short-term gains. One project that has weathered the storm in the …
Continue reading “3 reasons why Telos (TLOS) price hit a new all-time high”
An executive at Santiment crypto analytics firm is analyzing a handful of altcoins that surged in price earlier this week but have since corrected. In a new YouTube video, Santiment director of marketing Brian Quinlivan says that the 30-day market value to realized value (MVRV) metric is helpful when hunting for crypto bargains. The MVRV …
A Solana-based blockchain bridge has been hacked to the tune of $320,000,000 worth of leading altcoin Ethereum (ETH). Wormhole, a cross-chain platform that allows users to transfer crypto assets between different blockchains, took to Twitter to confirm the hack to its 41,000 subscribers. “The Wormhole Network was exploited for 120,000 Wrapped Ethereum (wETH). ETH will …
More than three months after its release, the ad from crypto exchange Crypto.com featuring Hollywood star Matt Damon was the subject of ridicule in the latest episode of the animated series South Park. In the first episode of its 25th season titled “Pajama Day”, the creators of South Park took on people in the United …
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The past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United States Federal Reserve hint at plans to raise interest rates in 2022 and thi is causing investors to seek protection in inflation-protected bonds. The monetary authority signaled its intention to substantially raise …
The media and entertainment industry, in particular Hollywood, has a grip-like monopoly on the intellectual property, or IP, produced for public consumption. Writers and artists rarely maintain true ownership over the characters they create and have little to no say in the merchandise or content that is ultimately presented. Similarly, viewers and fans rarely have …
As new and exciting use cases for NFTs emerged, so did their potential for abuse, revealed a recent report by Chainalysis. The blockchain research and analysis company investigated two forms of illicit activity in the NFT market–wash trading and money laundering–uncovering worrying stats. Wash traders collectively made $8.9 million in profit Wash trading implies fictitious …
Jack Dorsey, the CEO of Block Inc, formerly Square Inc, tells Mark Zuckerberg he should have focussed his efforts on Bitcoin instead. Dorsey was referring to Zuckerberg’s failed Diem project, which finally threw the towel in after U.S regulators refused approval. Diem’s assets were sold to Silvergate Bank earlier this week, marking the end of …
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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News …
Continue reading “Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit”
press release PRESS RELEASE. ESTONIA — 03 FEBRUARY 2022 — Yield App, a FinTech company and digital asset wealth management platform, has published its 2021 Q4 report, showing the firm continuing on a strong growth trajectory that saw its managed assets grow by 40% from Q3 to reach $475 million. In addition, the platform has …
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Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January. Mining Facilities in Kazakhstan Still Shut Down Data centers …
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The Coachella Valley Music and Arts Festival is stepping into non-fungible token (NFT) technology space, according to the festival’s official Twitter account. Coachella partnered with the crypto exchange FTX US, and the NFTs are minted on the Solana blockchain. Coachella Partners With FTX US to Mint Solana-Based Digital Collectibles Since 1999, the festival co-founded by …
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A popular analyst is making the case for why Bitcoin (BTC) might be on the cusp of breakout after two months of disappointing price action. The pseudonymous trader Credible Crypto tells his 304,800 Twitter what the general consensus is for Bitcoin after its late-January rally from the $33,500 level to a whisker below $39,000. “Many …
Smart contract platform Solana (SOL) is launching a new peer-to-peer payments feature that lets customers directly pay merchants. According to an announcement by Solana Labs, consumers can now deposit cryptocurrencies or fiat dollars directly into vendor accounts for less than the cost of a penny using Solana Pay, cutting out the need for expensive intermediaries …
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