Category: Blockchain

Digital asset lending firm, Genesis Capital has raised $125 million in equity financing to expand its Bitcoin mining business, mainly in North America and Northern Europe. Reportedly, the lead investor in this round of equity financing is the well-known British private equity fund Kingsway Capital with assets under management (AUM) exceeding $2 billion. At the

Long-term Bitcoin holders are still confident in the leading cryptocurrency because they accumulated heavily in the recent dip, as Michael van de Poppe disclosed. The market analyst explained: “Long-term holders have been accumulating heavily in the recent dip/correction. Why? Because it’s a gigantic buying opportunity.”   On-chain analyst Will Clemente recently echoed these

Ethereum recently jumped above the $2,400 level, triggering crowd sentiment on Twitter to hit a two-month high, as acknowledged by Santiment. The on-chain metrics provider explained: “Ethereum is showing its most positive sentiment right now since mid-May.” The crypto market experienced a significant upward momentum after Amazon Inc hinted that it would allow

U.S. Democrat Senator Elizabeth Warren and a member of the Senate Banking Committee has sent a letter to Treasury Secretary Janet Yellen on the subject of stemming risks associated with cryptocurrencies. The letter, sighted by CNBC, was addressed to Yellen per her role as the chair of the Financial Stability Oversight Council (FSOC). The nudging seeks to

Zero-commission financial trading platform Robinhood is exploring a new feature designed to protect investors from price fluctuations during investing in cryptocurrency trading. According to a Bloomberg report, Robinhood is studying price fluctuation protection mechanisms to protect the interests of investors against the unpredictable high volatility of cryptocurrency prices based on the code of the iPhone

Coca-Cola has partnered with Tafi, a leading designer of avatars and digital wearables, for the company’s first-ever non-fungible token (NFT) to celebrate International Friendship Day to be held on July 30.  Boosting NFT adoption The leading global beverage company noted that this collaboration was a significant step forward towards NFT adoption. Per the announcement:

The pursuit of a Central Bank Digital Currency (CBDC) has seen more countries joining the exploration of the new financial technology in 2021 than in the previous year. According to the testimony to Congress by Julia Friedlander, the Senior Fellow of the C.Boyden Gray Center, a body tasked with conducting researches centred on economic advancements,

Binance, the world’s largest crypto exchange by trading volume, is looking for a senior person with a solid regulatory background to become its new CEO. Speaking at a virtual press conference, Changpeng Zhao, CEO of Binance Exchange, has stated that he is willing to step down from his role. At the same time, the firm

The Kazakh Association of Blockchain and Data Center Industry has announced that cryptocurrency exchanges registered on the Astana International Financial Center (AIFC) will soon begin working with local banks to allow their customers to have the opportunity to transact cryptocurrencies officially. The development is set to become possible after successfully completing a pilot project launched

Payment giant Mastercard announced Tuesday to kick off a new program for start-up companies to support cryptocurrency and blockchain industries. This new Start Path global engagement program aims to support fast-growing digital assets, blockchain and cryptocurrency companies. According to the statement from the company, at least seven digital assets and blockchain start-up companies have joined the