Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss”, he said he would give the Floor model one more month. In its latest “Week…
In brief The estate of Dave Kleiman sued Craig Wright in 2018. A lawsuit alleges that Kleiman and Wright were partners who invented Bitcoin together. Wright claims he is the sole inventor of Bitcoin. When presented with two impossible options, sometimes it’s best to just shrug your shoulders and say, “I don’t know.” That’s what a federal jury in the…
Major cryptocurrency wallet and data service Blockchain.com is expanding in Latin America by acquiring SeSocio, a major crypto company based in Argentina. One of the biggest investment platforms in Latin America, SeSocio will now merge with Blockchain.com to help them scale operations across the region, the firm announced officially on Nov. 30. As part of the acquisition, 100 SeSocio employees will…
Maxine Waters, the chair of the House Committee on Financial Services, has announced several chief executive officers at major crypto firms in the United States will speak at a hearing to discuss digital assets and the future of finance. According to a Wednesday announcement, Waters said Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, Bitfury CEO Brian Brooks, Paxos CEO…
Ben McKenzie, the actor known for his roles on TV shows including Gotham and The OC, is speaking out against public figures endorsing projects in the crypto space without seemingly disparaging the technology itself. Working with The New Republic staff writer Jacob Silverman, McKenzie made waves in early October after penning a Slate piece with his partner titled “Celebrity Crypto…
Bitcoin (BTC) started the new month in strength and Dec. 1’s run up to $59,053 suggests that bulls are beginning to shake off the fears stirred up by the Federal Reserve’s taper talks and the emergence of a new strain of COVID-19. Altcoins also saw their prices lift off and early hopes of a potential “Santa Claus rally” are making the…
1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the last year, decentralized finance (defi)…
Social media and metaverse marketplace Meta has expanded eligibility requirements for running cryptocurrency advertisements on Facebook, giving companies more leeway to market digital asset product offerings. Meta announced Wednesday that, effective immediately, it will recognize 27 regulatory licenses from advertisers, up from just three previously. This means many more applications for running cryptocurrency ads will be accepted. The changes are…
Global blockchain security firm CertiK has concluded an $80 million investment round backed by some of crypto’s biggest venture funds, putting the company on track to reach the lofty $1 billion valuation mark in the foreseeable future. The Series B2 investment round was led by Sequoia, a California-based venture fund, with additional participation from Tiger Global, Coatue Management and GL…
Croatia’s largest food retailer has enabled bitcoin payments in its online shop.Konzum said it plans on deploying the payment option in its physical stores soon.“We are proud to be leaders in another area that is rapidly developing and dictating the future,” Konzum board member Uroš Kalinić said. Croatia’s largest food retailer has enabled bitcoin as a payment option in its…
