Crypto news

Yuga Labs – the owners of the two most popular NFT collections – has announced the completion of a $450 million fundraise to develop its NFT metaverse project. This brings the company’s valuation up to $4 billion. News of the raise emerged in a company press release on Tuesday, which revealed a16z as the leader of the funding round. Andreesen Horowitz has become deeply involved with investing in all things web 3 and appears to have followed through on Bored Ape Yacht Club...

The Advertising Standard Authority (ASA) intensified its negative stance against crypto-related companies. It warned such entities not to encourage individuals to purchase digital assets with credit cards or swap their pensions for coins like bitcoin. The ASA’s Latest Warning The British authorities and financial regulators are known for their harsh stance against the cryptocurrency sector. Bank of England’s Governor Andrew Bailey, for example, argued that digital assets...

Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc. The Merger According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237 million from the cash held in the special-purpose acquisition company’s (SPAC) trust, assuming there are no...

Oxio – an internet provider in Canada – has become the country’s first internet service company to accept bitcoin and cryptocurrencies as methods of payment. Oxio Says “Yes” to Crypto Oxio has partnered with Coinbase Commerce, a platform tied to the popular crypto exchange that allows merchants to accept digital currencies for goods and services. Marc-Andre Campagna – CEO and co-founder of Oxio – explained in a statement: As the first independent digital ISP in Canada,...

Bridgewater Associates is the latest hedge fund giant eyeing to tap into the digital asset space with a crypto fund, according to a recent report. While Bridgewater does not plan on allocating funds in cryptocurrencies directly, it plans to invest in an external vehicle, said CoinDesk in an exclusive report. Founded by Ray Dalio in 1975, Bridgewater’s AUM stands at $150 billion. According to sources familiar with the matter, the size of the hedge fund’s investment is small...

Bitcoin isn’t doing super well as of late. The world’s number one digital currency by market cap has ultimately failed to push beyond the $40K mark despite a lot of pressure to do so, and it looks like it’s having a very hard time moving past $39,000, which is about $29,000 less than where it was just in November. However, that isn’t stopping Bill Gross – the king of bonds – from getting involved. Bill Gross Is Getting into Bitcoin In a recent interview, Gross says he...

Scammers are launching phishing sites impersonating the prominent NFT marketplace – Bored Ape Yach Club (BAYC) after the ApeCoin token launch. A user ended up losing 3 NFTs on a new BAYC animation phishing site. Since its launch last year, BAYC has become one of the biggest names in the NFT space. Multi-million dollar sales and a rapidly growing list of celebrity owners have managed to bring in lucrative opportunities for scammers. Rampant Phishing Attacks ZachXBT, the...

INTERNET CITY, DUBAI, Mar. 22, 2022 – LBank Exchange, a global digital asset trading platform, has listed KOACOMBAT on March 22, 2022. For all users of LBank Exchange, the KOACOMBAT/USDT trading pair is now officially available for trading. With an ultimate goal of helping the future generation, the KOA COMBAT Project is here to fight for change. It utilizes the power of blockchain technology and cryptocurrency to build a revolutionary, KOA COMBAT betting platform,...

Grayscale – a popular cryptocurrency asset manager – has now launched the Grayscale Smart Contract Platform Ex-Ethereum Fund. The fund includes exposure to a variety of cryptocurrencies that power major smart contract networks besides Ethereum. Investing in Smart Contracts As announced by Grayscale in a press release on Tuesday, the fund marks the firm’s 18th investment product, and third diversified fund offering. It adjusts its exposure to various cryptocurrencies using...

It looks like bitcoin and crypto fans in countries that are part of the European Union (EU) can breathe a sigh of relief today as the continental organization has voted against banning bitcoin mining and proof of work (PoW) modules. The EU Says “Yes” to BTC Mining Not long ago, Live Bitcoin News reported that the EU was looking to potentially end all crypto mining projects within its borders, citing environmental concerns. Finnish Parliament member Eero Heinaluoma was...