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Metaverse Firm Improbable Offloads Gaming Subsidiary to Keywords for $96.8 Million
18.12.2023
Source: Pixabay Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million. The SoftBank-backed metaverse company said in its annual statement published today that it had completed the sale of its games services subsidiary...
Digital Asset Executives Raise $78 Million to Support Pro-Crypto and Responsible Regulations in 2024
18.12.2023
Source: AdobeStock Fairshakes has raised $78 million to fund pro-crypto legislators and support leaders who support blockchain innovation in the United States. A Dec 18 press release states the firm’s commitment to drive developments and positive policies around the industry after...
Solana Saga Phone Fetches $5,000 on eBay Amid BONK Meme Coin Frenzy
18.12.2023
Source: Adobe In the midst of the BONK meme coin frenzy, Solana Saga phones, initially overshadowed by lackluster sales, have become unexpected stars on the resale market, with one device reportedly fetching a staggering $5,000 on eBay. According to completed listings, the Solana Saga phones, which...
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...
Bitcoin Miner Hut 8 to Build Out Mining Facility in Partnership with Celsius
18.12.2023
Source: Pixabay Digital asset mining firm Hut 8 signed an interim agreement to build out and install crypto-mining facilities in collaboration with Celsius Network. In a Dec 18 press release, the Bitcoin miner signed the agreement linked to Celsius bankruptcy proceedings which will see the firm...
Ethereum Smart Contract Framework Updated to Combat Security Concerns
18.12.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting...
Advisors May Drive Bitcoin ETF Flows in USA + More News
18.12.2023
Source: AdobeStock / Backcountry Media Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Advisors May Drive Bitcoin ETF Flows, Says Needham US OFAC Fines Crypto Exchange $1.2M for Russia...
Binance Crackdown Unleashes Unprecedented Scrutiny on Crypto Transactions
18.12.2023
Source: Adobe / natali_mis The recent crackdown on Binance by the US Department of Justice (DOJ) has triggered a seismic shift in how the crypto industry operates, with Binance now set to undergo what experts call an “unprecedented” level of scrutiny. The government scrutiny, which...
Pepe Price Prediction as PEPE Tumbles 12% – Time to Buy the Dip?
18.12.2023
Source: Dall•E 3 The Pepe price has fallen by 12% in the past 24 hours, with the meme token slipping to $0.00000124 as the wider market nurses a 2% loss today. PEPE is now down by 14% in the last week and by 11% in the past fortnight, yet the coin has actually gained by […]
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FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned
18.12.2023
Source: Adobe Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses. Court filings show that over $118 million were billed on the exchange between August and October for professional legal fees...
Bitcoin Development Platform Tap Protocol Secures $4.2 Million in Funding
18.12.2023
Source: trac.network Bitcoin Ordinals-based development platform Tap Protocol has raised over $4 million in an oversubscribed round, promising more “big” news to come. “We are happy to announce our successful fund raise of $4.2m which was oversubscribed by $13m+,”...
Digital Asset Investment Products Experience $16 Million Outflows, Breaking 11-Week Inflow Streak
18.12.2023
Source: Adobe / Andy Nowack Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows. According to the latest report by CoinShares, Bitcoin-based funds bore the brunt of the outflows, with a total of $32.8 million...
Solana Price Prediction as Daily Trading Volume Surges to $1.8 Billion – Can SOL Overtake XRP?
18.12.2023
Source: Dall•E 3 The Solana price has dropped by 6% in the past 24 hours, falling to $68.30 on a day when the cryptocurrency market as a whole has declined by 2%. Despite this loss, SOL remains up by 6% in the past fortnight and by 20.5% in the last 30 days, with the altcoin […]
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Blockstream CEO Adam Back: Bitcoin ETFs Could Propel Price to $100,000
18.12.2023
Image Source: LinkedIn Blockstream CEO Adam Back believes 2024 could mark a period of resurgence for Bitcoin (BTC), propelling the leading cryptocurrency towards $100,000. In a recent interview, the renowned cryptographer and the pioneer of the proof-of-work algorithm used in Bitcoin’s...
VanEck CEO Expects Bitcoin Price to See All-Time High in Next 12 Months
18.12.2023
Source: DALL·E Jan van Eck, CEO of the global investment managing firm VanEck, expected Bitcoin price to reach all-time high in 2024 in an interview with CNBC. During the interview, van Eck laid out his 2024 outlook for Bitcoin and cryptocurrency, making a prediction of Bitcoin to set a...
Blockchain-Based Private Credit Surges 55% as Companies Seek Financing Amid Rising Interest Rates
18.12.2023
Image Source: Pixabay More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. According to RWA.xyz, a platform that tracks debt, active private loans through digital ledgers have risen...
FTX Presents Revised Plan to Distribute Billions to Customers and Creditors, Initiating Final Phase of Bankruptcy Resolution
18.12.2023
Source: Adobe / Александр Поташев Now-defunct crypto exchange FTX has revealed its latest proposal aimed at returning billions of dollars to customers and creditors, marking the start of the final stage in resolving its bankruptcy case. While the proposal addresses several critical aspects, there...
South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes
18.12.2023
Source: Koshiro/Adobe A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms. The newspaper Daehan Kyungjae reported that Upbit’s market share has dropped sharply in recent months, falling from 93%...
Bitcoin Core Dev Discusses ‘Firing’ All Miners With PoW Algo Change: Feisty Exchanges Mark Growing Divide
18.12.2023
Over the last ten years, Luke Dashjr has emerged as a key player in the realm of Bitcoin development and the network’s open-source software. His opposition to specific trends within the Bitcoin ecosystem has gained more attention lately. He has labeled Ordinal inscriptions and non-fungible...
Ex-Central Bank Chief Says China ‘Must Lead World’ in CBDC Adoption
18.12.2023
Source: Eagle/Adobe The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues. Per a Weibo post from the media outlet Finance iFeng, former People’s Bank of China (PBoC) chief Dai said...