On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account …
Author archives: Adam Owen
Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood …
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Grooming Products Firm Axe Releases Limited Edition ‘Crypto Scented’ Doge Body Spray
On Tuesday, the company that owns the brand of male grooming products, Axe, announced the launch of a dogecoin-themed and “crypto scented” body spray. The release was limited and currently, the body spray featuring the image of the cartoon Shiba Inu is no longer available to U.S. residents. ‘Much Disappointment’ — Doge-Themed Body Spray Is …
Binance Torches Over 1,000,000 BNB Tokens in Latest Quarterly Burn
The global cryptocurrency exchange Binance continues to torch its own utility token, Binance Coin (BNB), in an effort to maintain the asset’s value. This week, the exchange completed its 16th quarterly token burn of 1,296,728 BNB worth about $393.67 million, according to a press release. ADVERTISEMENT Binance performs coin-burning events every quarter until it …
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eToro Now Providing Staking Rewards for Ethereum (ETH)
As of today, eToro users can get monthly staking rewards on Ethereum (ETH), with the first wave of staking rewards to be distributed in June. eToro is one of the few globally regulated platforms to enable its 20 million registered users the ability to stake their ETH using the eToro wallet, ahead of the highly …
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Enjin plans to use NFTs to promote sustainability and equality as member of UN pact
The United Nations Global Compact, a non-binding pact aimed at encouraging businesses to adopt sustainable and socially responsible policies, has accepted nonfungible token and blockchain gaming and platform Enjin as a participant. Enjin announced today it would be exploring ways to use nonfungible tokens, or NFTs, to promote sustainability and equality as part of the …
FTX smashes crypto funding record with $900m raise to become exchange decacorn
FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays. The Series B investment round had over 60 participants, including Softbank, Sequoia Capital, Coinbase Ventures, Multicoin, VanEck and the …
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$13K Bitcoin price predictions emerge with BTC falling below historic trendline
Bitcoin (BTC) prices broke below a long-standing support wave that was instrumental in keeping its strong bullish bias intact after March 2020’s crypto market crash. Dubbed the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have paid for Bitcoin over the past 50 weeks. Over the years, and in …
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Is It Too Late or Just the Time to Get Into Bitcoin Investment?
Analyzing its short-term volatility and looking at the long run, we’re trying to find out whether ‘buying’ is a good choice right now. Should I Buy Bitcoin Now? Unsurprisingly, Bitcoin has been experiencing highly volatile action in 2021. The cryptocurrency has become associated with an increasingly higher number of institutional investors – Tesla, Microstrategy, etc. …
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Malaysian Authorities Destroy Millions of Dollars Worth of Bitcoin Mining Equipment
Over a thousand Bitcoin mining machines have been steamrolled in Malaysia amid allegations that the owners used stolen electricity to power their rigs. According to a report by local publication The Star, Malaysian authorities confiscated 1,069 Bitcoin mining rigs and used a steamroller to destroy the machines at a police station in the city of …
WiV Signs Agreement With Georgian Government To Develop Georgian Wine’s Global Presence and Quality Assurance
July 20, 2021 – London, United Kingdom WiV Technology, a blockchain-based trading platform for unique assets, has signed an agreement with the Georgian government to move some of the country’s wines and their provenance onto WiV’s blockchain empowered platform. The team at WiV will also be developing a quality assurance standard for the county’s wine to …
Concordium to Developers: Join Our Revolution
July 20, 2021 – Zug, Switzerland Concordium has today unveiled an ambitious, industry-leading partnership program for global developers as part of its ongoing commitment to build a credible, trusted and sustainable blockchain industry. The program offers developers a chance to work alongside some of the most respected names in the blockchain industry and help release the …
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Iagon To Conduct Its Anticipated Initial DEX Offering on Tosdis and OccamFi
July 20, 2021 – Oslo, Norway Iagon, the first decentralized big data platform designed to migrate to the Cardano ecosystem and powered by the IAG token, recently secured $3.4 million in its oversubscribed seed and private funding round. Now, it will take its next step by embarking on a multi-platform initial token sale, facilitated by …
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New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission has submitted a new proposal that would require crypto-asset service providers to collect additional Anti-Money Laundering information from those who utilize cryptocurrency for money transfers. The stated purpose of this proposal is to prevent the further propagation of money laundering activity within the European Union. Under this proposal, service providers conducting transfers …
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Social NFT platform DeFine raises $5M from Asian investors
DeFine, a socially oriented nonfungible token platform, has raised $5 million in strategic investments as part of a wider effort to onboard more companies to the NFT world. The raise was led by Huobi Ventures, eSports entertainment company Abyss and global game developer PearlAbyss, the company announced Tuesday. Several Asian blockchain funds also participated, including …
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