Singapore-Based Investment Firm Plans to Inject $100M Into Web3 Startups
Singapore-Based Investment Firm Plans to Inject $100M Into Web3 Startups As Bitcoin is moving towards nine-month highs, the Singapore-based investment firm BitRock Capital is set to raise $100 million to invest in Web3 startups. The firm, backed by logistic real estate operator GLP, plans to invest in finance and blockchain startups in China and Southeast […]
PBW 2023 explores the current state of the blockchain space
The Paris Blockchain Week 2023 conference attracted prominent tech companies’ professionals discussing the current state of the blockchain space during the “State of the Chain 2023” panel discussion. The panel discussion was moderated by Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr, with panelists Ryan Nitz, the head of solutions architecture at Coinbase; Matthew Savarese, the head of […]
Bitcoin $30K bets greet FOMC as analyst warns over long liquidations
Bitcoin (BTC) is currently being closely watched by traders and investors in the lead up to the United States Federal Reserve’s decision on interest rates. As BTC approaches $30,000, some predict that a drop to below $20,000 could be on the cards, although traders remain divided over the course of action for the digital currency. […]
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
On Monday, the Biden administration’s economic report was released and it focused on several topics, including cryptocurrency and decentralized finance (defi). The report states that crypto assets are “mostly speculative investment vehicles” that are not backed by anything and are traded without fundamental anchors. The report further argues that crypto assets do not deliver on […]
Hacker Ronin Attempts To Scam $200 Million From Hacker Euler Finance
Hacker Ronin Attempts To Scam $200 Million From Euler Finance: An Analysis The world of cryptocurrency remains a hotbed of criminal activity, with hackers constantly on the lookout for ways to exploit vulnerabilities and make a quick buck. The latest incident in the ongoing saga of cryptocurrency theft involves a hacker known as Ronin attempting […]
Sending Crypto Should Be as Simple as Sending a Text
Sending Crypto Should Be as Simple as Sending a Text: The Road to Simpler Crypto Wallets The world of cryptocurrency may be constantly evolving, but one thing that remains a challenge is how complicated it can be to send crypto. Even for the technically savvy, setting up a crypto wallet and sending digital assets can […]
SpankChain Shuts SpankPay, Blames Negative Banking Scenario
SpankChain Shuts SpankPay – Blames Negative Banking Scenario for Crypto Payment Processor’s Closure SpankPay, a crypto payment processor that has been operating under the umbrella of Ethereum-based adult entertainment platform SpankChain, has stopped operating. The closure was the result of the platform’s service provider Wyre terminating its agreement to provide payment services to SpankPay. In […]
Crypto Market Liquidity Improved Significantly as USDC Regains Dollar Peg
The cryptocurrency market has seen a significant improvement in liquidity recently, following USDC (USD Coin) regaining its dollar peg, which led to a rally in crypto prices over the past few days. The recovery came after the collapse of Silicon Valley Bank and several other US banks caused market panic, leading to a de-peg of […]
Florida Governor Calls for Ban on CBDC in the State
Florida Governor Ron DeSantis, a potential presidential candidate for the 2024 United States presidential election, recently made headlines when he called for a ban on digital dollars in the state. During a press conference on March 20th, DeSantis stood in front of a podium with the words: “Big Brother’s digital dollars” emblazoned across it and […]
OKX latest proof-of-reserves reveal $8.9B in assets
Global cryptocurrency exchange OKX has released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in November 2022, in an effort to increase transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This puts the reserve ratios of […]