Chain will work to develop Web3 experiences for visitors to Gillette Stadium and Patriot Place by “merging the physical with the digital.” Chain, a blockchain infrastructure firm that offers developers Web3 services to build and maintain blockchain-based applications, will sponsor the New England Patriots football team as well as other venues and sporting clubs...
CoinSmart reported $16.7 million in gross revenue in 2021 as retail trading volumes soared during the Bitcoin bull market. Canada’s crypto exchange landscape appears to be consolidating after Coinsquare, one of the largest digital asset trading platforms in the country, acquired CoinSmart for an undisclosed amount. On Thursday, Coinsquare announced that it had...
Luke Ryan of CoinJar says sporting partnerships “helps shift the image of crypto away from the idea that it’s only there as speculative mania.” The sponsorship of high-profile sports and teams may be key to legitimizing the crypto industry to the general masses, according to Luke Ryan, head of content at Australian crypto exchange CoinJar. In May 2021, the...
Critics have suggested Bitcoin could not operate as the same decentralized currency without a consensus mechanism like proof-of-work. Transitioning the Ethereum blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for Bitcoin to follow suit. In a Thursday notice following the...
Some of the biggest names in finance are joining together to create the EDXM exchange, citing a pent-up demand for crypto assets and the need for compliance and security. Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to...
The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country. Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval. Speaking to Cointelegraph on Thursday, Mercado Bitcoin CEO Reinaldo Rabelo said the company was awaiting regulatory...
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets. South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem. Uprise is making...
The Dutch central bank said that the Binance crypto exchange had a “very large number of customers in the Netherlands." Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country. The central bank of the Netherlands (DNB) has fined Binance Holdings 3.3 million euros...
Voyager said that it will continue to operate and fulfil their customers’ orders and withdrawals amid its current issues. Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement. In a market...
The main barrier to the wide adoption of DLT solutions by the energy system stakeholders is how energy markets are structured. Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when...
XRP's bearish outlook is driven by a mix of technical and fundamental factors that could see its price drop to $0.18 next. Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a "descending triangle" pattern, with its bias skewed toward the downside. Major XRP breakdown underway To recap, XRP started forming the technical...
One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining. The Russian government continues to establish links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and...
All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund. Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset...
The company added that the deal was “subject to regulatory approval and customary closing conditions,” but expected to close in the third quarter of 2022. Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canadian crypto platform Bitvo. In a Friday announcement, FTX Trading Limited said it planned to acquire Bitvo as part of the...
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand. Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood...
Signs pointing to Bitcoin’s steady maturity and growth in the crypto space and beyond are undeniable, making a case for the cryptocurrency being the ultimate digital reserve asset. There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but Bitcoin was...
Twitter has not revealed any plans to use DOGE for payments. But the prospect of it happening could put a price floor below the token in the coming weeks. Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price. In a Thursday blog post, Binance said it would be...
A class of 2021 Bitcoiner in Mozambique is using the Lightning Network to transact while using Bitcoin to protect his savings. Bitcoin (BTC) is for all. For you, for Michael Saylor in Miami, and for 38-year-old Jorge, a Mozambican family man who's using the largest cryptocurrency to make ends meet. Jorge, who goes by his first name for anonymity, lives in the...