The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.” Gemini announced that it had closed a $400 million equity growth funding round at a valuation of $7.1 billion on Nov. 18, marking the first time the firm had sought outside financing. Morgan Creek Digital led the…
In brief ConstitutionDAO is a week old. It formed to purchase a rare version of the U.S. Constitution at auction. Correction: The initial article claimed that ConstitutionDAO had won the auction based on early reports. The DAO later issued a statement on Discord that it had lost the auction. This article has been updated. In just one week, a newly-formed…
Bitcoin.com Games dishes out a massive jackpot win for a lucky player who cashes out the big loot! Player Cashes out 2.25 Bitcoin After a Single Lucky Spin Turning up the heat on Bitcoin.com Games, our very own crypto casino is Wazdan’s smashing new slot game Sizzling Bells. The brand new game was just recently released back in October and…
The price of Bitcoin (BTC) dropped to fresh lows on Nov. 18, and the brief visit to the $56,000 level resulted in a sharp sell-off in Ether (ETH) and altcoins. Data from Cointelegraph Markets Pro and TradingView shows that support at $60,000 was breached early on in the United States trading session, and this allowed bears to briefly take control…
In brief ConstitutionDAO is a week old. It formed to purchase a rare version of the U.S. Constitution at auction. In just one week, a newly-formed decentralized autonomous organization known as ConstitutionDAO raised over $45 million and successfully purchased a privately-owned copy of the US Constitution for $41 million. A group of crypto users decided to form a DAO because…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. A key indicator to track on-chain spending behavior and current market sentiment is the Spent Output Profit Ratio (SOPR). SOPR is calculated by…
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more sustainable” protocols. Extensive Use of Renewable Energy for Mining Is Hard to Justify, Norway Minister…
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It’s been over half a year since the crackdowns began in China and pressure from the top-down government is still being enforced. Most projects operating from within China…
About the author Andrew Miller is CEO of ATM Holdings, and has invested in and advised some of the highest-value domain name transactions on record, including recent deals for Home.com, Candy.com, and Universal.com. He founded CreditCards.com and InsuranceQuotes.com, both successful exits. He started investing in NFTs in 2021, and acquired a Bored Ape in August. The views expressed here are…
On January 3, 2009, Satoshi Nakamoto launched the first Bitcoin node. From that moment, new nodes joined and Bitcoin began to behave as if it were a new form of life, a form of life that has not stopped evolving. Little by little, it has become the safest network in the world as a result of its unique design —…
