Major cryptocurrency exchange Kraken has announced that it purchased blockchain infrastructure company and investment manager Staked for an undisclosed amount. In a Tuesday announcement, Kraken — the crypto exchange aiming for a $10 billion valuation — said it had added Staked to its portfolio of yield products following the acquisition. The company described the Staked deal as “one of the…
Summary Between 4:00 pm and approximately 5:36 pm PT on Tuesday, November 23rd, we experienced an outage across most Coinbase production systems. During this outage, users were unable to access Coinbase using our websites and apps, and therefore were unable to use our products. This post is intended to describe what occurred and the causes, and to discuss how we…
The cryptocurrency exchange Crypto.com has announced the company has partnered with the Angel City Football Club (ACFC) as the ACFC’s official cryptocurrency and NFT partner. The deal follows a slew of sports-related partnerships Crypto.com has made this year, including acquiring the naming rights agreement to the former Staples Center home of the Los Angeles Lakers, and partnering with the largest…
Cryptocurrency exchange Crypto.com has inked another deal to expand its brand recognition in the United States with the professional women’s sports team Angel City Football Club. In a Tuesday announcement, Crypto.com said it had partnered with the Los Angeles soccer team in an effort to increase the awareness of and access to crypto, blockchain and Web 3.0 among Angelenos, soccer…
Kraken is thrilled to announce that we have acquired Staked, an infrastructure platform that allows for secure, cost-effective, and non-custodial crypto staking. One of the largest deals in the history of crypto, this acquisition perfectly complements our existing custodial staking offering, enabling all of our clients to earn rewards on their crypto while retaining complete control over their digital assets. “We are excited to add…
Blockchain gaming continues to grow and dominate the nonfungible token space with a share of roughly 22% of all NFT trading volume in the third quarter of 2021, according to a report released by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September. Metaverse-related activity was also highlighted…
ViraMiner is an Iranian company that sets up Bitcoin mining farms and maintains them. It has two offices in western Tehran, located in separate adjacent buildings. When Magazine visits, its old office is busy on a Monday afternoon. This place is now officially dedicated to its repairing services alone. Mining devices are stored upon each other in yellow, green and…
In the 1970s, nearly half a century before he’d grow powerful enough to strike fear into the entire U.S. cryptocurrency industry, Gary Gensler was the 112-pound coxswain of the University of Pennsylvania crew team. Unlike runners and cyclists, rowers (such as actual regulation-following Olympic rowers Cameron and Tyler Winklevoss) move backwards. The coxswain, who doesn’t touch the oars himself, faces…
In brief Render Network, a peer-to-peer service for providing 3D rendering power, has raised $30 million. Leading NFT artist Beeple is an advisor to Render Network, which other notable NFT creators use as well. Render Network’s blockchain-driven 3D rendering network has been used by an array of creators during this year’s NFT market boom, including famed artist and advisor to…
DFG Capital has led a $6.5 million investment in the interoperability start-up Interlay, which is building infrastructure for decentralized finance applications across major blockchains such as Ethereum, Cosmos and Polkadot. As per the announcement, the new funds will be used by Interlay to scale its operations and bring more developers on board with its open-source platform. In a statement, James…
