Category: Blockchain

Following a record 2021 where Venture Capital (VC) firms went on an investment spree, splashing massive capital on crypto, DeFi, and NFT-focused startups, the momentum is picking up again in the new year. The latest funding announcement came from Binance Labs, the VC arm of Binance cryptocurrency exchange, which said it backed Woo Network with

OpenSea, one of the top blockchain start-ups, has raised $300 million in new venture capital, bringing the total valuation to a staggering $13.3 billion in just four years after it was founded, according to The New York Times. The new round of funding was led by the investment firms Paradigm and Coatue Management. According to the

The 13 year anniversary of Bitcoin, created by Satoshi Nakamoto, and its strides on all fronts have positioned it as one of the most valuable assets in the world nowadays. When Bitcoin’s price was trading at its All-Time High (ATH) above $68,700 as of November last year, the cryptocurrency was ranked by Companiesmarketcap as the 6th

The People’s Bank of China (PBoC) has extended its pilot tests for the country’s Central Bank Digital Currency (CBDC) or digital Yuan to launch a new mobile wallet.  As reported by Reuters Tuesday, the new wallet is available to a select few as it is still in the experimental or research and development phase. The new mobile

Ethereum (ETH) scaled the heights in 2021 by generating revenue to the tune of $9.9 billion, thanks to a couple of use cases on its network. The second-largest cryptocurrency also closed 2021 on a high with an annual return rate of 399.2%, according to crypto insight provider CoinGecko.  On the other hand, Ethereum’s on-chain volume

Stepping into 2022, Bitcoin (BTC) underwent below the psychological price of $50,000 as a retail investment in the market became sluggish. Market analyst under the pseudonym CryptoHamster believes that the top cryptocurrency should hold the $45,000 to $47,000 area for an upward momentum to be reignited. He noted: “Bitcoin showed several cases of the

Analysts state that serval factors will potentially determine whether Bitcoin follows its 60% gain in 2021 with another banner year, one question that arises among others is to what extent will Jerome Powell’s Federal Reserve tighten policy to stem inflation? After a hawkish turn, the Federal Reserve took some steam out of cryptocurrencies at the

Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers, but it has not made the possession of encrypted currency illegal. The Estonian government today approved the proposed rules of the December 23, 2021, draft. It must now pass the parliament before it can be

The decentralized information markets platform Polymarket was imposed a civil fine of $1.4 million Monday by the United States Commodity Futures Trading Commission (CTFC) due to a failure to obtain a designated contract market (DCM) designation or registration as a swap execution facility(SEF) by providing binary options contracts based on over-the-counter events. Polymarket is a platform that

Dogecoin whales have already started the new year with a massive transfer of assets. In the past 24 hours, whales have transferred up to 90.3 million Dogecoin, which is over $15.5 million to an anonymous wallet, data from the Dogecoin Whale Alert’s Twitter showed. The transfer of the total amount was made in 14 transactions,