Category Archive: Cryptocurrency, No picture
Crypto is now integral to investors’ wealth strategy, says EY executive
Key Takeaways Over 70% of crypto investors view digital assets as key to wealth building. 64% of retail investors are in digital assets, with 69% planning to increase holdings. Share this article Over 70% of crypto investors consider this asset class as a key component of their wealth-building strategy, according to an EY-Parthenon survey. Prashant […]
Animoca Brands-backed Soulbound raises $4 million for Web3 social gaming
Share this article British Virgin Islands – August 19, 2024 – Soulbound, a web3 social gaming ecosystem, has raised $4 million to power its mission to empower the new creator economy. By creating a new avant-garde platform, Soulbound seamlessly marries GameFi and SocialFi into a next-generation digital experience.Soulbound’s latest round concluded in Q2 2024, with […]
Bitpanda and Coinmotion join forces to bring over 400 digital assets to Nordic users
Key Takeaways Bitpanda Technology Solutions expands Coinmotion’s crypto offerings to over 400 coins. The partnership aims to enhance user experience and safety in crypto trading. Share this article Bitpanda Technology Solutions has teamed up with Coinmotion, a Finland-based top crypto broker, to offer over 400 digital assets to Nordic users, Bitpanda shared in a Wednesday […]
Layer 1 blockchain Story secures $80M in Series B funding led by a16z
Key Takeaways Story’s Series B funding round led by a16z totals $80M. The firm aims to combat IP theft by giving creators control over their intellectual property. Share this article PIP Labs, the software company behind Story Protocol, a Layer 1 blockchain designed for intellectual property management, announced Wednesday it secured $80 million in a […]
IBIT and FBTC rank among top global ETFs by inflows
Key Takeaways BlackRock’s IBIT and Fidelity’s FBTC rank among top 15 global ETFs for inflows in 2024. US spot crypto ETFs represent 1.9% of total global flows, with Bitcoin ETFs outperforming Ethereum ETFs. Share this article Spot crypto exchange-traded funds (ETF) in the US represent nearly 1.9% of the total global flows year-to-date, with BlackRock’s […]
Bitcoin mining firm Bitfarms acquires Stronghold for $125 million in stock deal
Key Takeaways Bitfarms agrees to acquire Stronghold for $125 million in stock amid Riot’s takeover attempt. The acquisition aims to boost Bitfarms’ mining capacity through Stronghold’s power generation assets. Share this article Bitcoin (BTC) mining firm Bitfarms Ltd. has agreed to acquire Stronghold Digital Mining Inc. for approximately $125 million in stock, as reported by […]
5 things to expect from US jobs report data: numbers, warnings, and reactions
Key Takeaways Goldman Sachs warns the upcoming BLS job report might exaggerate economic downturns. The report’s revision could show a monthly job growth decrease, potentially misleading stakeholders. Share this article The upcoming US jobs data may present a somewhat misleading picture, analysts from several financial firms warn. Financial markets, including crypto, brace for potential volatility […]
Tether introduces UAE Dirham-pegged stablecoin
Key Takeaways Tether’s new stablecoin is fully backed by UAE-based liquid reserves. Tether aims to be a pioneer in the UAE’s crypto market by being among the early adopters of the new regulatory framework. Share this article Tether, the issuer of the largest stablecoin in the digital asset sector, announced Wednesday it is developing a […]
Mt. Gox transfers $700M in Bitcoin, barely budges crypto market
Key Takeaways Mt. Gox moved 13,265 BTC, with most going to new cold storage. Bitcoin price remains stable above $59,000 despite the transaction. Share this article Defunct cryptocurrency exchange Mt. Gox has transferred 13,265 Bitcoin worth $784 million, marking its first major on-chain activity since late July.An address associated with Mt. Gox moved 12,000 BTC […]
BlackRock Ethereum ETF surpasses $1B net inflows
Key Takeaways BlackRock’s Ethereum ETF is the first US Ethereum fund to hit $1 billion in inflows. ETHA’s performance is strong but trails behind BlackRock’s Bitcoin ETF achievements. Share this article BlackRock’s iShares Ethereum Trust, also known as ETHA, has become the first US spot Ethereum exchange-traded fund (ETF) to achieve $1 billion in net […]
