CryptoSlate recently had the opportunity to chat with Theta’s Head of Strategy, Wes Levitt. Theta is creating a more efficient, decentralized network for delivering video and other data between connected devices. Wes Levitt is Head of Strategy for Theta Labs, where he works on corporate strategy, marketing and press relations, and analytics. He has been …
Category archives: Bitcoin News
Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021
Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Positive impacts were partially offset by growth in operating …
Fireblocks Custody Company Raises $310 Million, Reaches $2 Billion Valuation
Fireblocks, a blockchain infrastructure firm, raised $310 million in its most recent funding round, reaching a valuation of $2 billion. The company, which specializes in the custody of digital assets, is interested in bringing traditional assets to the blockchain realm. Fireblocks expects this trend of digitalization to keep growing in the recent future. Fireblocks Raises …
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The NBA’s Cleveland Cavaliers to Collaborate With Blockchain Firm Socios.com
Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset platform. Socios Partners With the Cavs On July 26, Socios.com and the NBA team, the Cleveland Cavaliers, …
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Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol
According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal. Trust-less Native Bitcoin Swap Executed With an NFT Called ‘Boombox’ On July 23, a …
Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizens
Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency. Saying the crypto movement is too strong to be crushed, even by the Federal Reserve. In recent times, authorities have ramped up talk of introducing central bank digital currencies (CBDCs). With that, fears over the loss of sovereignty have …
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Goldman Sachs Files Defi ETF Application
Goldman Sachs, one of the biggest banking institutions in the world, has filed an application to offer an Exchange Traded Fund (ETF) linked to the performance of decentralized finance (defi) companies. The instrument, if approved, would help institutions and retail investors gain exposure to defi assets with the help of a regulated bank like Goldman …
Brazilian Burger King Customers Can Now Purchase Meat-Flavored Dog Biscuits With Dogecoin
According to regional reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for canines called the “Dogeppr.” The new product is a dog biscuit that canine owners can purchase for their pets and the company is accepting dogecoin crypto payments for Dogeppr purchases. Burger King Brazil Introduces the …
Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks
Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest slide in Bitcoin’s …
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Kirobo’s P2P Swap Button Enables Crypto Market’s First Slippage-Free, Direct Token Swaps
press release PRESS RELEASE. Tel Aviv – July 27, 2021 – Kirobo, a blockchain technology company, has launched its ‘P2P Swap Button‘, a decentralized tool allowing cryptocurrency users to execute token swaps without having to use an exchange or custodial third party. By taking the swap off-exchange, the tool allows users to decide their own …
Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted …
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Goldman Sachs just launched a ‘DeFi’ fund…with zero DeFi coins
Expect Goldman to say one thing and do the other. A case in point is the influential US bank’s new ‘Innovate DeFi and Blockchain Equity ETF’ fund, which, despite its name, contains no exposure to any actual decentralized finance (DeFi) tokens. “The Index is designed to deliver exposure to companies that are aligned with two …
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This key resistance level can hinder Bitcoin from reaching ATHs
This key resistance level can hinder Bitcoin from reaching ATHs Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Analysis Bitcoin jumped up by almost 15% on the back of Amazon integration reports yesterday. It has since tumbled back down. Rohan …
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Currency.com U.S. CEO talks user experience, regulatory promise, and more
CryptoSlate recently sat down with Steve Gregory of Currency.com and formerly CEX, to talk about what’s happening in this exciting space and what types of changes everyone can prepare for moving forward. In terms of exchange experience, you’ve had the advantage of serving as CCO (Chief Compliance Officer) at CEX – are there particular rules …
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Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges
The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million …