On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction. Acala raised a total of 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an initial coin offering (ICO) structured as a crowdloan. As the proceeds are classified as ‘crypto debt,’ Acala would eventually need to…
Many people don’t like using the D-word. But most would agree it’s better than bandying about the C-word. We’re talking, of course, about dips and crashes. Bitcoin has dipped another 4% over the last 24 hours. As the largest cryptocurrency, its downward movement has helped take down the market with it, as the global crypto market cap has declined 5%.…
Representatives Patrick McHenry (NC-10) and Tim Ryan (OH-13) have today introduced the Keep Innovation in America Act, a bipartisan bill seeking to fix the “digital asset” reporting requirements in the infrastructure bill turned into law this week. “We have to figure out how to balance consumer protections and reasonable oversight while simultaneously providing these technologies and companies with the necessary…
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets. Here’s what to expect in this week’s markets news breakdown: After the markets news update, special guest Michael Kong, CEO and chief information officer of Fantom Foundation, discusses the inner workings of the Fantom platform,…
As outlined in a prepared statement obtained by Cointelegraph, Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization, or DAO, with the goal of onboarding gamers worldwide to the blockchain ecosystem. Entities backing the proposal include BitDAO, Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana…
On Wednesday, the world’s largest collector car auction house by total sales, RM Sotheby’s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm’s upcoming Guikas Collection sale on November 19 will be RM Sotheby’s first auction to accept digital currency payments for collectible automobiles. RM Sotheby’s Announces Crypto Payment Support via Bitpay While cryptocurrencies have increased significantly…
Avalanche (AVAX) rose to a new price high on Nov. 18 and posted weekly gains after its developer, Ava Labs, entered a partnership with “Big Four” accountant firm Deloitte. The AVAX price reached a little over $110 after rising circa 16% week-to-date (WTD), with its circulated market cap hitting $23.76 billion, almost 0.93% of the total crypto market cap. In…
On Thursday, the Digital Currency Group (DCG) announced that it has raised $600 million in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity firm Eldridge. The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, “enhances DCG’s strategic,…
Mike Germano, publisher of Bitcoin Magazine, and Serhiy Tron at the partnership signing ceremony in Kyiv, Ukraine. Bitcoin Magazine has announced that it has partnered with Ukrainian technology and banking entrepreneur Serhiy Tron to launch an office in Kyiv, Ukraine and serve the CIS region with Bitcoin-focused content. As part of the partnership, Bitcoin Magazine will be translating its existing…
Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC. In a Thursday report, Bloomberg said Bitcoin (BTC) mining firm PrimeBlock is currently discussing going public in the U.S. through a merger with 10X Capital Venture Acquisition Corp II. Though the terms of the deal are…
