Galaxy Digital had earlier terminated its merger agreement with BitGo citing the platform’s inability to show audited financial statements of 2021. BitGo responded to the Galaxy’s decision to terminate the acquisition by stating that it’s suing Galaxy for its actions,followed by seeking $100 million in damages The deal was earlier announced in may, which was …
Monthly archives: August 2022
Solana (SOL) Way Ahead of Ethereum (ETH) in One On-Chain Metric, Says Popular Crypto Analyst
A popular crypto analyst says Solana (SOL) is showing promise as it leads Ethereum (ETH) in one critical on-chain metric. In a new strategy session, the host of InvestAnswers tells his 443,000 YouTube subscribers that he’s got his eye on data from blockchain analytics firm Nansen showing Solana with exponentially more transactions per day than …
Oraichain Introduces Accelerator Program for DApps Building on Its AI Layer One Ecosystem
August 15, 2022 – Singapore, Singapore Oraichain, the world’s first AI layer one for data economy and oracle services, has announced the ‘Oraichain for DApps accelerator program’ and its mission to accelerate expansion within its avant-garde AI layer one infrastructure. The program aims to envision innovative projects looking to build decentralized applications on Oraichain mainnet …
Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ
According to a Sunday Twitter post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world’s largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn had a …
Binance obtains in-principle approval to operate in Kazakhstan
The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing major cryptocurrency exchange Binance to operate in the country. In a Monday announcement, AFSA said it had granted in-principle approval toward Binance operating as a digital asset trading facility and providing custody services in the Astana …
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Binance distances from WazirX as Indian regulators keep chasing crypto
The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August. WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; …
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Crypto-focused venture firm Dragonfly acquires hedge fund: Bloomberg
Cryptocurrency venture firm Dragonfly has acquired a digital asset-focused investment fund for an undisclosed amount — a move that managing partner Haseeb Qureshi said mirrors the broad consolidation trend underway in the industry. Bloomberg reported Monday that Dragonfly purchased MetaStable Capital, a hedge fund co-founded by Naval Ravkiant in 2014, for an undisclosed sum. In …
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Six of the Top Reasons to Invest in Cryptocurrencies
These days, crypto investment is all the rage. Whoever you talk to, they are investing, have invested, or are learning about it. So, those who have not entered the crypto-boat might ask, “what is it that makes crypto so interesting?” So, today, we have decided to cut through the hype and tell you the top reasons …
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5 Best Metaverse Crypto Coin Projects
The metaverse is an area that is amassing huge interest across different industries. New projects launching in the metaverse are attracting much interest, with investors anticipating that these projects will deliver notable returns. Some of the five best metaverse crypto coin projects to buy include the following: Tamadoge (TAMA) Tamadoge is the newest play-to-earn project …
5 Reasons Cardano Price Will Double And Tamadoge Price Might 10x
In contrast to prior trends, Cardano (ADA) just saw an increase in its price on the charts. One that contributed to it placing sixth in Coinmarketcap crypto-rankings by market capitalization. In reality, Cardano exceeded and surpassed XRP due to 15% and 5% increases over 7 days and 24 hours, respectively. On Monday, Cardano was trading …
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5 Upcoming ICO Cryptos to Invest in 2022
As the cryptocurrency market continues to grow, investors should start watching out for the best new projects they can invest in for notable returns. Those who participate in initial coin offerings (ICOs) have a chance to be part of the growth journey of a project, and they can also witness significant returns. Below are the …
Three Arrows Capital Co-Founders Eyed $50 Million “Much Wow” Yacht Before 3AC Pulled A Titanic
Summary: Three Arrows Capital’s Su Zhu and Kyle Davies wanted to buy a Yacht worth $50 million, per reports. The supposedly all-white luxury boat was to onboard the name “Much Wow”. a nod to popular meme cryptocurrency Dogecoin. 3AC filed for bankruptcy the same month Much Wow was set to arrive and lift anchor. The …
Celsius set to burn $137.2M in 3 months as bankruptcy proceedings continue
Embattled crypto lender Celsius, which filed for Chapter 11 bankruptcy in July, filed new documents in court on Aug. 14, detailing its budget for August through October. According to court documents, Celsius expects its net cash flow to turn negative to the tune of $137.21 million in the three months ending in October. Huge operating …
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What a complete yolk! Comparing Bitcoin to Eggs and why it matters
Let’s talk about eggs. Eggs are a staple food for many around the world and one that has changed little since 1980. Free-range, grass-fed, organic; these are all changes and improvements to the egg industry, but the underlying product is fundamentally the same. However, the price of eggs has been far but consistent, as the …
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New Brazil bill wants to tokenize mined gold on blockchain
Brazil’s Federal Deputy Joenia Wapichana has proposed a bill to tokenize gold mined in the country via blockchain technology. According to Wapichana, the country should be able to account for gold mining activities within its territory. The bill introduces new legislation targeting transactions involving precious metals and their transportation. The bill would also help to …
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