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HP-Branded Servers Hijacked to Mine $110,000 Worth of Cryptocurrency
28.12.2021
Hackers recently took control of a group of HP-branded servers and used them to remotely mine a cryptocurrency called raptoreum, according to reports. This resulted in the compromised cluster of HP machines becoming the biggest contributor to the total mining pool of the cryptocurrency, allowing...
Pensioners of the National Oil Company Will Receive 2 Petros as a Gift in Venezuela
27.12.2021
The pensioners of the state-owned oil company of Venezuela, PDVSA, have started receiving a Christmas bonus in petros (PTR), the first national cryptocurrency launched back in 2018. The petro, which is backed by Venezuelan oil and other resources, can be traded in local exchanges for these...
Justin Sun Will Go to Space on Blue Origin Mission Taking 5 People With Him
24.12.2021
Justin Sun, the founder of Tron, a smart contract-enabled cryptocurrency platform, announced yesterday he would fly to space next year to fulfill one of his childhood dreams. The space trip will be done in a Blue Origin spaceship, the company owned by Jeff Bezos, founder of Amazon, which also made...
Microstrategy CEO Foresees Bitcoin’s Price Reaching $6 Million
24.12.2021
The CEO of Microstrategy expects the price of bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold. The executive personally owns 17,732 bitcoins while his company is hodling 122,478 bitcoins. Microstrategy’s CEO Expects Bitcoin to Hit $6 Million...
Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round
23.12.2021
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio...
Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked
23.12.2021
The digital asset company Kraken announced it has acquired the non-custodial staking platform Staked for an undisclosed sum. While the sum of the purchase was not disclosed, the company claims that it was “one of the largest crypto industry acquisitions to date.” Kraken Acquires...
Stratos Jet Charters Reveals Crypto Payment Acceptance for Flights via FTX Pay
22.12.2021
The Orlando, Florida-based Stratos Jet Charters Inc. has announced the company has partnered with FTX US and the collaboration will make it so Stratos Jet customers can pay for services with crypto payments via FTX Pay. The CEO of Stratos Jet says the company has been in search of a crypto partner...
Mutual Bank in New Jersey to Give Customers the Ability to Buy, Sell and Hold Cryptocurrency
21.12.2021
Manasquan Bank, a mutual community bank in New Jersey serving residents since 1874, has announced it is partnering with the company Bakkt to give its retail clients the ability to buy, sell and hold cryptocurrency through the bank’s mobile banking application. Manasquan Bank to Give...
Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop
21.12.2021
The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins...
Crypto.com Signs Multi-Year Deal With LA’s Angel City Football Club
21.12.2021
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...
Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO
21.12.2021
According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram...
Radioshack Goes Defi in Its Latest Iteration
20.12.2021
Radioshack, the electronics-associated brand, has announced it will now pivot to a cryptocurrency-centric model. The company informed that its focus will be to “bridge the gap” to bring cryptocurrency into mainstream use. This is the latest iteration in the story of the brand, which...
Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan
19.12.2021
SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink,...
Consensys Launches Rollups Scaling Solution With Mastercard’s Support
18.12.2021
Consensys, an Ethereum software company, announced yesterday the launch of a new scaling solution for Ethereum, called “Consensys Rollups.” The company enlisted Mastercard programmers to design the solution, which aims to allow the network to reach a throughput of 10,000...
Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund
18.12.2021
The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement,...
Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets
17.12.2021
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation...
Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs
17.12.2021
On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that...
Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes
17.12.2021
On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney, and the comic series Punks Comics....
Lending Platform Ledn Launching Bitcoin-Backed Mortgage Product, Raises $70 Million
17.12.2021
Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company has also raised $70 million, which brings its valuation to $540 million....
Solana Ventures, Forte, and Griffin Gaming Launch $150 Million Web3 Fund
16.12.2021
Solana Ventures, the investment arm of Solana Labs, has announced a new investment fund to bring more Web3 products to its network. In partnership with Forte, a company that provides tools for blockchain integration on games, and Griffin Gaming, a VC company invested in the global gaming market...