Category Archive: Cryptocurrency, No picture
Chia Hits $500 Million Valuation, Planning IPO
Key Takeaways Chia has raised $61 million from leading venture capitalists in its latest funding round, putting its valuation at $500 million. Chia is being touted as an eco-friendly alternative to Proof-of-Work blockchains like Bitcoin. The firm is also said to be eyeing an IPO or SPAC merger in the future. Chia, a storage-based cryptocurrency […]
Formation Fi to Launch Cross-Chain AMM on Polygon
This news was brought to you by ANKR, our preferred DeFi Partner. More promising developments on the Polygon network, this time courtesy of Formation Fi. Formation Fi to Build on Polygon Formation Fi is developing an automated market maker on Polygon. The DeFi project is hoping to leverage Polygon’s scaling capacity to create a chain-agnostic […]
Ethereum Has “Much Higher Utility” Than Bitcoin: Guggenheim Co-Founder
Key Takeaways In a Bloomberg TV interview, Guggenheim co-founder Todd Morley said that Ethereum has “much higher utility” than Bitcoin. He added that any business without a plan to digitize faces going out of business in the future. His new venture Overline Network is building the highest skyscraper in New York and plans to host […]
OnePlus Founder’s Twitter Account Hacked in ICO Scam
This news was brought to you by Phemex, our preferred Derivatives Partner. Hackers breached the OnePlus co-founder Carl Pei’s Twitter account via the external app IFTTT then posted a tweet asking his followers to send ETH to participate in an Initial Coin Offering for Pei’s new company. There was no coin on sale, and the […]
Goldman Sachs Endorses Bitcoin as New Asset Class
Key Takeaways Goldman Sachs has published a report about Bitcoin’s potential. The report includes comments from several Goldman Sachs members, including Head of Digital Assets Matthew McDermott. Goldman Sachs launched a cryptocurrency trading desk for institutional investors earlier this month. Financial giant Goldman Sachs has acknowledged Bitcoin as a new asset class in comments made […]
Another Security Attack on Binance Smart Chain
Key Takeaways Bogged Finance reported that an unknown attacker successfully drained $3 million from its liquidity pools. The attack used a flash loan to exploit a code vulnerability. The rising number of attacks on Binance Smart Chain projects has created major security concerns for the blockchain. Bogged Finance, a project built on Binance Smart Chain […]
Ray Dalio Owns “Some Bitcoin” as an Inflationary Hedge
The chief economist and founder of Bridgewater Associates, Ray Dalio, says that he owns “some Bitcoin.” Ray Dalio Owns Bitcoin Ray Dalio, the billionaire investor who presides over the asset management firm Bridgewater Associates, says that he holds Bitcoin. Speaking to Michael J. Casey at Consensus, Dalio added that he’d rather own Bitcoin than a bond […]
Goldman Sachs Flashes Buy Signal for Coinbase Stock
Key Takeaways Goldman Sachs analysts have sent out a buy signal for Coinbase’s stock, targeting a price of $306. Crypto exchanges like Coinbase experienced record trading volumes during last week’s crypto crash. Huobi and OKex shares on the Hong Kong stock market dropped in tandem today as China’s crackdown continues. This Exchange News was brought […]
HSBC “Not Into Bitcoin,” Says CEO
Key Takeaways The CEO of HSBC says that the bank is “not into Bitcoin as an asset class,” according to a Reuters report. He explained that Bitcoin’s price volatility has prevented HSBC from promoting the asset class. The viewpoint held by HSBC contrasts the likes of Goldman Sachs and BNY Mellon, which have recently taken […]
Crypto Market Continues to Slide After Week of Chaos
Key Takeaways BTC, ETH, and most other leading crypto tokens plunged Sunday in another day of selloffs. The market faced a heavy correction this week amid fears over China’s regulatory stance on crypto. Although sentiment has turned low, it’s unclear whether the bear trend will last. The cryptocurrency bloodbath continues. Market Faces Heavy Correction Bitcoin […]
