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...
Tag: Investor
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 ...
AMC CEO Adam Aron has done ‘a remarkable job’ with investor outreach: Analyst
AMC Entertainment CEO Adam Aron is doing a heck of a job selling the sizzle to exuberant retail investors, said one Wall Street analyst with a $2 price target on the stock. “He has done a remark...
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. ...
Blockchain Investor Charles Read Talks Crypto, NFTs and Giving Back
As the co-founder of web3 investment firm Rarestone Capital, Charles Read is intimately familiar with the crypto market’s topsy-turvy nature: the euphoric highs and crippling lows that regularly spawn...
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...
Institutional Investor Sentiment Remains Negative As Bitcoin Outflows Continue
Institutional investor sentiment has been on the rocks for some time now. This follows the market trend with bitcoin falling below $22,000 and the total crypto market cap finally making its way below ...
Celsius sues KeyFi, alleges Jason Stone stole over 1,000 ETH of investor funds for NFTs
Jason Stone of KeyFi filed a lawsuit against Celsius, claiming that Celsius owed KeyFi “millions of dollars,” and now Celsius returned fire by suing KeyFi and Jason Stone for the mismanagement and the...
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...
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...
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...
Bit Mining Reassures Investor due to NYSE Threaten to Delist
NYSE informs Bit Mining as its stocks are trading below $1 for more than 30 successive days. Against the notice, Bit Mining reassures the investors about the investment’s return in the medium to long ...
Investor Sentiment Falls As Crypto Market Sheds $100 Billion
The crypto market has now been put under another challenge. In the past day, bitcoin prices have dropped about $2,000, which has seen the crypto market lose a significant amount of value. As it now st...
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...
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...
Noft Games Unlock Multi-Cryptocurrency Minting Solution
Noft Games, a battling play-to-earn game powered by Binance Smart Chain, now offers users the ability to mint NFT in-game cards with BUSD, USDC, USDT, and DOGE coins, adding those to a prior existing ...
Aussie Gas Station On the Run Now Accepts Crypto Payments
The Australian convenience store and petrol station brand, On the Run (OTR), has partnered with leading crypto exchange CryptoCom and payment terminal provider DataMesh Group Pty Ltd to launch Austral...
Investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock falls 30%
Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures du...
Bed Bath & Beyond Falls Over 20% After Investor Ryan Cohen Sells His Entire Stake
Topline Shares of Bed Bath & Beyond, a favorite with the meme stock crowd, plunged after analysts warned that the retailer is losing a “key support leg” in the form of activist investor Ryan Cohen...