FTX, one of the largest cryptocurrency exchanges in the world, has raised $420 million in fresh funding, bringing its total valuation to $25 billion.The firm officially announced Oct. 21 that FTX’s operator FTX Trading has completed a new Series B-1 fundraise involving 69 investors including Ontario Teachers’ Pension Plan Board and Singapore’s state investment firm Temasek.Other investors included major venture…
Polygon, a scalability solution for Ethereum, has awarded a $2 million bounty to a white hat hacker after they identified a vulnerability that put about $850 million of capital at risk. According to the bug bounty and security services platform Immunefi, which hosts Polygons bounty program, this is the highest bounty ever paid in the world of decentralized finance (DeFi).…
China’s National Development and Reform Commission is seeking public opinion on the inclusion of crypto mining in its list of “phased-out” industries.The call for public comments by the country’s macroeconomic planning agency was contained in a release issued on Thursday.Back on Sept. 24, the agency added digital currency mining to its list of outdated industries following sweeping crackdowns by authorities in…
Crypto investment firm Digital Currency Group (DCG) has upped its authorization to purchase Grayscales Bitcoin Trusts (GBTC) shares from $750 million to $1 billion. The trust is run by digital asset manager Grayscale Investments, which is itself owned by DCG. In an announcement on Wednesday, DCG said that it plans to use cash on hand to fund the purchases and…
Margin trading has always been an advanced trading activity that allowed experienced traders to get more out of their money. It involves users borrowing funds from an exchange or other traders to make potentially bigger profits… or losses. If you’re new to the world of crypto trading, then we recommend you to either study the essentials (if you are a…
Nigeria’s company registration agency, the Corporate Affairs Commission (CAC), reportedly rejected an application for registration by a start-up on the basis that blockchain is yet to be recognized by the Nigerian government. Decision Disappoints Blockchain Community According to a report, the unnamed start-up, which is building an API connection for blockchain gaming rewards, was told the agency will only process…
In brief NFT studio Candy Digital has raised $100 million at a $1.5 billion valuation. Its majority owned by sports merchandise firm Fanatics and is the official NFT partner of Major League Baseball. Candy Digital launched in June as the official NFT partner of Major League Baseball, swinging for the fences with officially licensed MLB crypto collectibles. Now the Fanatics-owned…
You know the old saying, right? As goes Bitcoin, so goes Ethereum. Well, if the twin booms of decentralized finance (DeFi) and NFTs over the past year made you forget, it’s time to remember. Just a few hours after Bitcoin reached a new all-time high price of $67,276 thanks to a big trading day for the first-ever Bitcoin futures ETF,…
Russian oligarch Oleg Deripaska has once again called on the Russian government to stop ignoring Bitcoin (BTC) after the United States Federal Bureau of Investigation raided his homes in Washington and New York.In an Oct. 21 Telegram post, Deripaska argued that the Bank of Russia has been “infantile in ignoring the growing cryptocurrency market,” while the U.S. Department of the…
Tech billionaire Peter Thiel said that he’s “underinvested” in Bitcoin during an appearance in Miami, adding that the rise of cryptocurrencies “tells us that we are at a complete bankruptcy moment for the central banks.” With Bitcoin recently reaching an all-time high of over $67,000, Thiel pondered whether it would rise further. “Bitcoin at $66,000. Is it going to go…
