Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank. DCG has sold $700 million worth of shares to companies like Googles parent company, Alphabet, to bring its valuation to more than $10 billion, the company officially announced Monday. Proud to welcome SoftBank, CapitalG,…
How do we define “education”? Is it something that can only be provided by a structured institution or certified individual (such as a teacher, or professor)? Do our parents and friends not teach us? Is it something an individual builds, or is it something one receives? Do we discover education, or do we mold it? Is it something that we…
Fast-food chain Burger King has partnered with Robinhood to give away free cryptocurrency to its customers offering a compelling sign that appetites for digital assets are growing. From Nov. 1 through Nov. 21, Burger King customers in the United States who spend $5 or more will be given free crypto, primarily in the form of Dogecoin (DOGE), the company announced…
Bitcoin (BTC) bulls are betting on a solid month for BTC price action as November traditionally sees strong U.S. stock gains. Data shows that November has been the best performing month for the S&P 500 since 1985. November 2021 has stiff competition With “Uptober” already the biggest in terms of gains for Bitcoin in 2021, the odds are on for…
Bitcoin (BTC) investment firm, New York Digital Investment Group (NYDIG), has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million. NYDIG had previously participated in the company’s $15.4 million seed funding round in February 2021, a raise which was led by British billionaire investor Alan Howard and saw the company…
Softbank and Google’s parent company Alphabet Inc. have taken part in a $700 million investment round in Grayscale owner Digital Currency Group, valuing the company at $10 billion, per the Wall Street Journal. SoftBank Group International CEO Marcelo Claure reportedly described DCG shares as basically the single-best asset that gives us the diversity of exposure to crypto, A-Z. DCG is…
As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products and solutions, almost everything comes with a catch, be it exceptional returns on investments or low…
Its getting even harder to mine Bitcoin as the networks difficulty has once again increased on Sunday, this time by as much as 7.85% since the last adjustment. According to data from BTC.com, this is the eighth consecutive increase since July, and the second biggest since late August, with the difficulty surpassing 21.66 trillion. Bitcoin mining is a process of…
Huobi Group, the company operating one of the worlds largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges. Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such as games, art, animation and…
Following a mind-blowing price surge, the Squid Game (SQUID) token plummeted over 99% shortly after Twitter flagged its official accounts on the social media platform as suspicious. According to data on CoinMarketCap (CMC), the SQUID token experienced its first downward move on Monday, erasing its entire gains from as much as $2,861 and dropping below $1 in a matter of…
