Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul. Did it help some users avoid the current crisis? Or do accredited investor laws go too far…
Crypto lender BlockFi has secured a $250 million revolving line of credit from crypto exchange FTX, CEO Zac Prince announced Tuesday morning on Twitter. “Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength,” he wrote in a Twitter thread.…
Professional services giant Deloitte is getting increasingly serious about Bitcoin (BTC) amid the ongoing market downturn, setting up a major initiative to promote BTC adoption. Deloitte has partnered with the Bitcoin-focused financial services firm, New York Digital Investment Group (NYDIG), to help companies of all sizes implement digital assets. According to a joint announcement on June 21, NYDIG and Deloitte…
BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength. — Zac Prince (@BlockFiZac) June 21, 2022 BlockFi has signed…
With more than 70 million registered users, and half a billion pieces of art uploaded every month, DeviantArt is the internet’s front door to artwork. “Literally every second on DeviantArt, there is more than one piece of art being submitted,” says Moti Levy, the site’s CEO. “For the last 20 years, we’ve been serving the creator community, and evolving together…
Bitcoin was trading higher for a second consecutive session on Tuesday, which is the first time it’s seen back-to-back gains in over two weeks. ETH also climbed in today’s session, as bulls continued to re-enter the market. Bitcoin BTC was trading higher for a second consecutive session on Tuesday, as markets continued to move away from recent lows. Prices hit…
The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library from the industry leader in tokenization. This report from Security Token Market and sister company Security Token Advisors covers the rapidly emerging asset-backed real estate tokenization industry. This report has information on the…
The price of CEL, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders. CEL price short squeeze CEL’s price rose from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto market’s 12.37% rise in the same period. Notably,…
In brief Magic Eden, the leading Solana-based NFT marketplace, has raised $130 million at a $1.6 billion valuation. The marketplace plans to expand beyond Solana to include other platforms, as well. Magic Eden, an NFT marketplace that currently commands the vast majority of the Solana market, is gearing up for expansion. Today, the startup announced that it has raised $130…
Get the full book now in Bitcoin Magazine’s store. This article is part of a series of adapted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is available for purchase on Bitcoin Magazine’s store now. You can find the other articles in the series here. “There is nothing new except what has been forgotten.” –Marie Antoinette…
