In brief Warner Music Group will open a metaverse concert venue and amusement park within The Sandbox. The label includes imprints like Atlantic and Elektra, and hosts artists such as Ed Sheeran and Lizzo. Warner Music Group (WMG) is planning a future of virtual concerts within the metaverse, announcing today that it has partnered with upcoming Ethereum game The Sandbox…
Russian President Vladimir Putin reportedly backs a government proposal to encourage bitcoin mining in the country through clear taxation and regulatory measures, instead of following the central bank’s recommendations of banning the activity altogether. According to a report by Bloomberg, the Russian government is mostly against radical measures and instead seeks to promote a healthy bitcoin mining industry by presenting…
Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution, leaving some big names like Binance off of the list. Sunacrip Tightens Compliance Requirements For Exchanges In Venezuela…
Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility. The investment round was co-led by venture firms D1 Capital Partners and Spark Capital, with participation from Parafi Growth Fund, Canapi Ventures, Altimeter, General Atlantic, Index…
In brief CoinTracker is crypto tax software. The company has a $1.3 billion valuation. It’s using its $100 million in funding to “scale up the product and company.” With the IRS filing period just around the corner, one crypto tax company is ready to put its name on a lot of returns. CoinTracker, a startup that makes crypto investment tracking…
Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue. In a tweet on Jan. 16, on-chain analytics firm Glassnode noted that holder behavior currently mimics how Bitcoin behaves during the least extreme part of its price cycles. Reserve Risk: Bitcoin price ‘depressed,’…
Reddit, the popular online discussion platform valued at $10 billion, is testing a feature that would allow its users to connect any non-fungible token (NFT) they own to their profile picture. While Reddit already has its own Ethereum-based NFT collection called CryptoSnoos, the new feature will reportedly enable users to add any NFT they own to their profiles. App researcher…
Monero has the third-largest community, just with Ethereum and Bitcoin being ahead. If you have not yet been acquainted with Monero’s features, you might wonder why it is so popular. The answer is simple: Monero is one of the most private cryptocurrencies ever created. In this article, we will cover the technology- and mining-related questions. Also, we will try to…
In a new twist of the Russian crypto regulation saga, the country’s Ministry of Finance has come forward with an initiative that stands in stark contrast with the central bank’s hardline position. The Central Bank of Russia recently called for a ban on crypto trading and mining activities throughout the country. Citing volatility, environmental impact and use in illegal activities,…
In brief The funding round values Fireblocks at $8 billion. Fireblocks is now eyeing potential customers outside of the world of finance. Crypto infrastructure giant Fireblocks announced on Thursday it has raised $550 million in a Series E investment round that values the company at $8 billion. That valuation is the same as the trading platform FTX US, and it…
