Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson said in a statement: Co-Founders…
Publicly traded cryptocurrency exchange Coinbase has been aggressively listing crypto assets of late. But that has extended beyond little-noticed coins and tokens such as Jasmy Coin and ARPA Chain to a more surprising asset: Crypto.com Coin (CRO). Coinbase announced yesterday that trading of Ethereum-based CRO would begin immediately. The listing has been a boon for CRO, which reached an all-time…
As reported by Reuters Thursday morning, Tierra Viva (“Alive Earth”), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a pair in Tokyo. The beetle…
Joseph OConnor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone…
High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, The Internet of Money should not cost $0.05 per transaction. It’s kind of absurd. Fast forward to November 2021 and the simple act of approving a token so that…
Payments company Square today announced today in its Q3 earnings statement that its Bitcoin revenue was $1.81 billion, an 11% increase from last year, from trading on its Cash App. The company said that its profits from its Bitcoin investment were therefore $42 millionapproximately 2% of Bitcoin revenue. While $1.81 billion in revenue from Bitcoin trading may seem impressive, it…
Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking App. ‘First Bank in the State…
The mayor of Miami will be taking his entire salary in bitcoin. “I feel very comfortable getting my entire salary in bitcoin,” he said in an interview. Government spending and “manipulated central bank currency systems” drove him to make the bold move. Miami Mayor Francis Suarez will be taking his entire salary in bitcoin, he said in an interview with…
sponsored Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online lending business and potentially earn big profits from it. The Trava smart contract…
The cryptocurrency market has matured from a fringe technology experiment to a global asset class valued at over $2.7 trillion. Its about time we start treating it as a business and reporting on it as such. Cointelegraphs Business Beat has been busy over the past year covering the biggest developments in the blockchain and cryptocurrency industry. Capital raises, high-profile partnerships,…
