In brief Hack VC has raised a $200 million early-stage crypto investment fund. The fund is backed by Andreessen Horowitz, Sequoia Capital, Fidelity, and others. Investment firm Hack VC is diving deeper into the blockchain and crypto world with the announcement of a new $200 million fund focused on early-stage investments in the space. The $200 million Crypto Seed Fund…
After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble. According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 hours. BTC’s market capitalization exceeds the money supply…
The CEO of Flexport says they have bitcoin on the balance sheet. Bitcoin White Paper listed on Flexport’s website. The company has a $8 billion valuation with $1.6 billion on the balance sheet. Ryan Peterson, CEO of Flexport, a global supply-chain logistics company that focuses on connecting the entire global trade ecosystem, tweeted to the world that bitcoin sits securely…
The Canadian outpost of the global accounting firm KPMG has purchased a World of Women (WoW) NFT and an Ethereum Name Service domain name just weeks after adding Bitcoin and Ethereum to its corporate treasury. NFTs are unique blockchain tokens that signify ownership over an asset, like an image or a domain name. KPMG Canada has purchased two NFTs so…
A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush to Withdraw Cash as Sanctions Intensify The Russian ruble nosedived…
Bitcoin and altcoins surprised investors with a sharp bullish breakout today, signaling a possible change in the short-term trend. Source: https://cointelegraph.com/news/price-analysis-2-28-btc-eth-bnb-xrp-ada-sol-avax-luna-doge-dot
On Monday, terra (LUNA) rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor (ANC), on the other hand, was lower after climbing by almost 50% in the same period. Biggest Gainer Terra (LUNA) has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased…
It’s been a wild ride for Neo (dubbed by some as “Ethereum of China”) investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations. But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and a bourgeoning decentralized finance, or DeFi, hub that came into prominence via…
The head of a leading South Korean cryptocurrency exchange has recently promised that its non-fungible tokens featuring the world-famous K-pop band BTS will be minted by “low carbon, eco-friendly” technology after receiving backlash from environmentally conscious young fans about the energy use of NFTs. Wait a minute, environmentally conscious people. NFTs and the metaverse are not environmentally unfriendly technologies. To…
As the strictest COVID-19 border lockdowns begin to ease, a glimmer of hope is appearing on the horizon for the return of worldwide travel and a renaissance of in-person events. People are certainly growing more comfortable with the idea of socializing in-person; a survey by Morning Consult has found that 58% of US adults are now happy to meet in real…
