Australian Senator for New South Wales Andrew Bragg has asserted that robust regulations would bring credibility and validity to the countrys emerging digital asset sector. Speaking to local publication Finder on November 2, the chairperson of the Senate Committee on Australia as a Technology and Financial Centre, commented that the countrys crypto sector has shown a willingness to embrace greater…
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency…
The AFRs list contains 87 of Australias richest entrepreneurs aged 40 and under, with each boasting a net worth greater than AUD 36 million ($26.9 million). The list is topped by Melanie Perkins and Cliff Obrecht, the co-founder and chief operating officer (COO) of popular graphic design software providers Canva. The married couple has an estimated net worth of AUD…
The Avalanche Foundation has unveiled Blizzard a fund offering more than $200 million in incentives to developers who build on the Avalanche network. The fund will provide liquidity to those early-stage projects that innovate decentralized finance (DeFi) applications, nonfungible tokens (NFTs), and other products on Avalanche. Avalanche is a Proof-of-Stake network that launched in September 2020. The network boasts Ethereum…
Cryptocurrency mining firm Argo Blockchain has just released its Q3 financial report detailing record setting revenues for the period. The London headquartered company reported that it had mined 597 BTC and BTC equivalents during the third quarter of 2021. At current prices, Argos Bitcoin haul would be worth roughly $36.5 million. As of Sept. 30, the firm had amassed holdings…
The Ethereum network has seen its first consecutive week of negative supply issuance as bubbling markets drive persistently high transaction fees. With the highly anticipated London upgrade introducing a burn mechanism into Ethereum’s fee market in early August, a small quantity of Ether has since been destroyed with every transaction executed on the network. With gas prices sustaining at high…
A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge…
Coinbase to acquire Agara to enhance our customer experience with powerful machine learning technology and expertise TLDR: Acquisition reinforces Coinbase’s commitment to delivering world class support for customers; brings deep expertise in machine learning and natural language processing to Coinbase; and reconfirms Coinbase’s strategy to expand our tech hub in India. By Manish Gupta, EVP, Engineering Today, Coinbase is announcing that…
The issuer of a controversial cryptocurrency that can only be sold in batches of $125 daily on a single exchange is facing pushback from an Australian law firm. Queensland-based law firm Salerno Law plans to file a lawsuit accusing BPS Financial Limited the company behind the QOIN token of engaging in misleading and deceptive conduct, pyramid selling of financial products,…
Major U.S.-based Bitcoin (BTC) mining firm Genesis Digital Assets is building a new data center in West Texas. According to the firms Nov.1 announcement, the new industrial-scale BTC mining data center will have a capacity of 300 megawatts and will operate using unspecified sustainable infrastructure. Its energy will be sourced from the Electric Reliability Council of Texas (ERCOT). As part…
