The United States-based subsidiary of cryptocurrency exchange FTX will acquire Embed Financial Technologies as part of a deal aimed at “enhancing” the company’s stock offering. In a Tuesday announcement, FTX US said it will purchase Embed Financial Technologies and its subsidiary, clearing firm Embed Clearing, for an undisclosed amount “pending satisfaction of customary closing conditions and regulatory approval.” The deal…
One reason why miners often pay close attention to bitcoin’s price is because mining machines have a strong positive correlation to its fluctuations. And as bitcoin’s dollar-denominated value has dropped precipitously this month, mining hardware prices followed. At its recent lows, bitcoin was trading near $17,000, a drop of over 60% year to date. Over the same period, prices for…
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging…
Blockchain games were the subject of the latest DappRadar x BGA Games Report #5, published on June 21. The report looked at healthy ecosystems and investments coming into the GameFi and Metaverse markets. Several projects were covered in detail in the report, which outlined their continued success and growth. Splinterlands, Illuvium, Galaverse, and STEPN have continued to bring new players…
On Tuesday, Magic Eden, a popular nonfungible tokens, or NFTs, platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm, and Sequoia Capital and valued the firm…
Shiba Inu and Dogecoin, the crypto market’s two biggest “meme coins,” are skyrocketing today. At the time of writing, Shiba Inu, or SHIB, was up 28.2% in the past 24 hours while Dogecoin jumped by 13%. The move follows comments by Tesla SpaceX CEO Elon Musk today at Qatar Economic Forum in Doha in which he reiterated his support for…
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield, the Atlantic Council’s Geoeconomics Center…
Canadian crypto mining firm Bitfarms has sold roughly $62 million worth of Bitcoin in June, using the proceeds from the sale to reduce its debt. In a Tuesday announcement, Bitfarms said it had sold 3,000 Bitcoin (BTC) in the last seven days, roughly 47% of the crypto mining firm’s roughly 6,349 BTC holdings. According to the company, it will use…
Any sound money satisfies three important conditions: Preserves and stores value over time Serves as a widely accepted unit of account in a given market Functions as a practical medium of exchange for transfers of any size Bitcoin’s predictable, disinflationary supply growth rate continues to drive its utility as a store of value. As Bitcoin’s adoption grows around the world,…
Fountain now allows its users to earn bitcoin while listening to their favorite podcasts.Users of the platform can also be paid to support their favorite creators as well as for listening to ads.Fountain users have access to a unique set of features not typically found on platforms designed for content consumption. Fountain, a podcast streaming app with unique features to…
