On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP). Crusoe Energy Systems Secures $505 Million From …
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sponsored Bezoge Earth, the creators of The Legends of Bezogia are thrilled to release the full theatrical trailer for their upcoming crypto-based MMORPG game where players from all around the world can come together and experience the wild and wonderful world of Bezogia. [embedded content] The Biggest Play & Earn Game You’ve Never Heard of …
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Payments processing firm Stripe is testing out a new pilot program to allow users to make payments using crypto assets on Twitter. According to a new company blog post and accompanying tweet, Stripe is looking into broadening the reach of its global payments program by incorporating digital assets. “While the ‘store of value’ aspects of …
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Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on April 22 as investors trim risky assets in expectation of …
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Major crypto exchange Binance challenged the accuracy of a report, which stated one of its regional heads agreed to supply Russia’s financial intelligence unit with customer data potentially related to donations for anti-corruption and anti-Putin activist Alexei Navalny. Reuters reported on Friday that Binance’s head of Eastern Europe and Russia Gleb Kostarev met with officials …
Since the wake of the nonfungible token (NFT) boom, creators have been leaving their Web2 entities in droves and are carving their own lanes in the Web3 world. It’s not just technologists and artsy-creators who are pivoting toward Web3. For example, former American professional baseball player Micah Johnson pivoted to painting and focused his pieces …
Unlike Web 2.0 applications, offerings built on Web 3.0 are enabling users with true data ownership. Web 2.0 brought about a major change to how the world views the internet, introducing online platforms like TikTok, Twitter, Meta (former Facebook) and Instagram, among others. Although valuable in the number of opportunities made available, Web 2.0 has …
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Tim Roughgarden, a professor at Columbia University and a theoretical scientist, has been appointed as the head of the new crypto research unit at Andreessen Horowitz’s a16z. a16z is one of the active venture capital firms in the crypto sector. Columbia University professor heads to head a16z crypto research unit Roughgarden has been a professor …
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Justin Sun is following the steps of Terraform Labs in creating a stablecoin that will be backed by cryptocurrencies. Sun plans to release a decentralized algorithmic stablecoin dubbed USDD for the Tron network. Sun released an open letter in April 2011 saying that the USDD stablecoin will not be backed by any centralized asset; rather, …
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The National Bank of Ukraine (NBU) is still taking measures to ensure no capital outflows following the negative economic effects caused by the Russian invasion. The country is now restricting cryptocurrency purchases amid the implementation of martial law. Ukraine’s local currency has taken a plunge after Russia invaded the country. Cryptocurrency activities in the country …
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Ridley Scott, a renowned film director, is set to venture into the cryptocurrency sector by producing a movie about Ethereum. The film dubbed “The Infinite Machine” will focus on the second-largest blockchain network created by Vitalik Buterin. Ethereum goes to Hollywood The film to be directed by Scott will be based on “The Infinite Machine” …
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Yellow Network initiates a strategic partnership with 5ire to focus on building a sustainable future for the blockchain industry. Yellow, a blockchain product and infrastructure company, and 5ire, a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit economy, share the news about the strategic partnership they have established …
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A Silicon Valley-based investment firm is launching a new technological research lab to focus on innovation and problem solving as the world of crypto and blockchain expands and matures. In a new press release, venture capital titan Andreessen Horowitz announces the birth of a16z Crypto Research to “help bridge the worlds of academic theory with …
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Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether (ETH) and 25.5 million USD Coin (USDC), worth over $600 million …
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Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021 in which sales volumes surpassed $14 billion, avatar collectibles permeated the mainstream market to become cultural status symbols, and avant-garde utility sparked innovative Web3 opportunities for a panoply of industries. Despite a retracement in financial and emotional fortunes in the opening quarter of 2022, expectations within …
