San Francisco-based blockchain company, ThirdWeb, has raised $24 million from leading industry investors such as Haun Ventures and Coinbase. The Series A funding brings the firm’s valuation to $160 mi...
Tag: Altcoin
Little-Known Ethereum Staking Altcoin Defies the Market and Surges Nearly 60% This Week Ahead of ETH 2.0 Merge
An under-the-radar altcoin focused on Ethereum (ETH) staking applications is surging ahead of the ETH 2.0 upgrade. The SSV Network (SSV) is a decentralized, open-source staking network that bills itse...
Siam Bank Terminates Stake Acquisition Deal With Crypto Exchange Bitkub
Thailand’s oldest bank, Siam Commercial Bank (SCBX), will no longer follow through with its plans to acquire a 51% stake (over $500 million) in local crypto exchange Bitkub. Coinfomania reported last ...
Polygon Says Ethereum Merge Is “Good News” Amid Community Fear
With the highly-anticipated Ethereum Merge fast approaching, the team behind layer 2 scaling solution Polygon has asserted that Ethereum’s upcoming transition to a Proof-of-Stake (PoS) consensus mecha...
Tether Says It Will Not Freeze USDT in Sanctioned Tornado Cash Addresses
Stablecoin issuer Tether has revealed that it will not freeze USDT tokens in U.S.-sanctioned Tornado Cash addresses. The Hong Kong-based company noted that the USDT would only be frozen if the appropr...
Crypto ATM Operator Bitcoin Depot to Go Public via $885M SPAC Deal
United States-based Bitcoin ATM operator Bitcoin Depot has disclosed its plans to go public by merging with a Special Purpose Acquisition Company (SPAC) in a deal that values the firm at around $885 ...
Sullivan Bank Partners With Bakkt to Deliver Crypto Services
American-based financial services company Sullivan Banks has entered the world of cryptocurrencies through a partnership with Bakkt Holdings, Inc, to leverage the exchange’s Crypto Connect, designed t...
Cybercriminals Stole NFTs Worth Over $100M, With 52% Processed Through Tornado Cash
According to a recent study from the blockchain security and analytics firm Elliptic, cybercriminals stole more than $100 million worth of non-fungible tokens (NFTs) between July 2021 and July 2022. ...
Here’s What’s Next for Bitcoin, Dogecoin and One Altcoin That’s Up Over 130% in a Month: Top Crypto Analyst
A popular analyst and trader is offering his outlook on three crypto assets amid volatility in the markets. Starting with the flagship crypto asset, pseudonymous analyst Altcoin Sherpa tells his 181,6...
Crypto Analyst Says Polygon (MATIC) and One More Large-Cap Altcoin Are the Ones To Watch Right Now
Popular crypto strategist Michaël van de Poppe is naming two altcoins that he believes should be part of a trader’s watchlist. The widely followed analyst tells his 623,200 Twitter followers that whil...
Weekly Altcoin Review: Chiliz (CHZ), Elrond (EGLD), and Chronoly.io (CRNO)
As the crypto market stages a recovery, everyone’s searching for the coins that will bring them the greatest returns in the next bull market. With so many out there, however, it’s difficult to find go...
Not Bitcoin, But This Altcoin Shows Greater Correlation to S&P 500
Over the last week, Bitcoin (BTC) and the broader crypto market have come under selling pressure. This happens as the global macro conditions continue to remain jittery with an expected rate hike by t...
U.S. DOJ Arrests Three Miami Men Over $4 Million Crypto Scam
The United States Department of Justice (DOJ) has arrested three Miami men who were allegedly involved in a scheme to steal millions of dollars in cryptocurrencies from an undisclosed crypto exchange ...
What Are Play-to-Earn Games (P2E)?
The gaming industry is experiencing rapid growth, drawing more and more revenues every year. Between software, hardware, and intellectual property, the industry quickly gained an edge on TV, film, and...
Top 5 Altcoin Projects Expected to Make Headlines in the 2nd Half of 2022? – crypto.news
It has been a rough ride in the crypto markets for the better half of 2022. January marked the top of the bull run and the onset of the bear market for bitcoin and other digital assets. A lot of panic...
MakerDAO Collaborates With U.S.-Based Bank, Lends Out 100M DAI
MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank. The ...
What Bear Market? Pudgy Penguins NFT Sells for 400 ETH
Someone recently sold Pudgy Penguin #6873 NFT for more than half a million dollars. The NFT is one of 8,888 digital artworks in the Pudgy Penguin NFT collection created by freelance artist Cole There...
Crypto Analyst Names Polygon (MATIC) As His Top Altcoin Pick – Here’s His ‘Killer Entry’ Price
The anonymous host of InvestAnswers says blockchain scaling solution Polygon (MATIC) is his top altcoin pick. In a new YouTube video, the host tells his 444,000 subscribers that MATIC may not have the...
Ripple Rebounds above $0.32 as the Altcoin Resumes Sideways Move
Aug 23, 2022 at 10:18 // Price Ripple (XRP) is falling back to its previous low after a failed upward correction. On August 19, XRP fell to the low of $0.32, but the bulls bought the dips. The u...
Nike Hits $185M in NFT Revenue, Tops Dolce & Gabbana
Popular sports brand Nike Inc. has generated $185.3 million in revenue from non-fungible token (NFT) collections. The milestone brings the company to a leading position among other traditional brands ...
Bitcoin Community Raises 52.6 BTC to Protect “Hodlonaut” from Faketoshi Claims
The Bitcoin community has contributed approximately 52.6 BTC worth around $1.1 million and $30,000 cash to support an anonymous Twitter user with the pseudonym hodlonaut in his ongoing case against se...
South Korea to Apply Gift Tax to Crypto Airdrops
South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
Dogecoin Recovers as Buyers Drive Altcoin To High of $0.09
Aug 21, 2022 at 09:44 // Price Dogecoin (DOGE) price has resumed its downward correction as the price falls below the moving average line. The cryptocurrency has fallen to the low of $0.067 after fail...
U.S. FDIC Issues Cease and Desist Order to FTX US Over False Insurance Claims
The United States Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letter to FTX US over “false claims and misleading statements” concerning its insurance coverage. The regulat...
Google’s Alphabet Invested $1.5 Billion in Crypto
According to recent research by blockchain analytics firm Blockdata, Alphabet, the parent company of Google, invested a whooping sum of $1.5 billion into crypto and blockchain startups, topping the ch...
SBI Holdings to Shut Down Crypto Mining Operations in Russia
Japanese financial services giant SBI Holdings is planning to shut its crypto-mining operations in Siberia, Russia, Bloomberg reported on Friday. SBI chief financial officer (CFO) Hideyuki Katsuchi sa...
BTC Retraced to $21k as Correction Bites Harder
Bitcoin failed to record any increase over the last five days. A closer look at the charts revealed that although there were several push to the top, all failed to yield results. For example, on Monda...
Ripple Plunges as Altcoin Regains $0.30 Low
Aug 19, 2022 at 10:19 // Price The price of Ripple (XRP) is in a downtrend as the price is falling below the moving average lines. Ripple price long-term forecast: bearish The bears have undercu...
South Korea to Investigate KuCoin Alongside 15 Crypto Exchanges for Unreported Operations
The South Korean Financial Services Commission (FSC) has put some cryptocurrency exchanges up for investigation under the claim that the concerned exchange companies are operating unlawfully in the co...