On Jan 10th, the first stage of PulseX’s “sacrifice” ended, bringing total investment into the project to $1 billion and making it one of the largest funding rounds (albeit unofficial) in crypto history. This comes just 4 months after the half-billion-dollar sacrifice to Pulsechain, a future Ethereum fork on which PulseX is expected to be …
Continue reading “What is PulseX and Why Did People Give It a Billion Dollars?”
As the crypto crowd ponders on what the coming year has in store for digital assets, one thing is for sure: Regulation is still on the agenda, very much so. But no amount of regulation can prevent a newbie investor from a dramatic nosedive on emotion-driven and uninformed moves. And such moves are easy to …
Continue reading “Op-ed: No amount of regulation can make up for crypto illiteracy”
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials. Millions of Dollars …
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages,” the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From China’s Central Bank Digital Currency …
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet …
As the crypto crowd ponders on what the coming year has in store for digital assets, one thing is for sure: Regulation is still on the agenda, very much so. But no amount of regulation can prevent a newbie investor from a dramatic nosedive on emotion-driven and uninformed moves. And such moves are easy to …
Continue reading “No amount of regulation can make up for crypto illiteracy”
The adoption of stablecoins, digital assets whose values are pegged most commonly to the U.S. dollar, is spreading by the day as more and more private users and institutions appreciate the benefits of these tokens. As reported in a blog post by researchers Kyle Waters and Nate Maddrey at Coin Metrics, analyzing recent on-chain trends …
Continue reading “Stablecoins total market cap just surpassed $150 billion”
Accounting and advisory giant KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets. The investment “reflects the firm’s commitment to emerging technologies and asset classes and the investment illustrates the firm’s outlook on emerging technologies underpinned by blockchain.” According to a KPMG …
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A report submitted to the U.N. Security Council shows that North Korean cyber actors have stolen millions of dollars from crypto exchanges. The report stated that funds gotten from these cyberattacks form an important revenue source that the country uses to finance its nuclear and ballistic missile programs. North Korea’s cyberattacks used to finance nuclear …
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Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2 Billion in Bitcoin Tesla …
sponsored Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land plots launches today. Launching today …
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The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications. Sequoia Capital India and …
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated …
Shiba inu (SHIB) is up over 50% as of writing, with cryptocurrency markets continuing to gain momentum to start the week. The so-called ‘meme coin’ rally has seen SHIB recapture a $16 billion market capitalization. Biggest gainers On Monday, bitcoin (BTC) and ethereum (ETH) both reached multi-week highs, with DOGE and XRP also trading over …
According to a financial disclosure filed on February 4, US senator Ted Cruz bought the last Bitcoin dip. The filing shows that the Texas Republican bought between $15.001 to $50.000 worth of Bitcoin on January 25, and used the brokerage River to make the transaction. Cruz joins the US Senate Bitcoin boosters Until recently, Wyoming’s …
Continue reading “Texas senator Ted Cruz bought the last Bitcoin dip”
