Crypto news

[PRESS RELEASE – Singapore, Singapore, 9th December 2021] izumi, the innovative protocol that provides programmable liquidity mining on Uniswap V3, has successfully closed its Series A fundraising round of $3.5 million. Including this last investment round, izumi has raised a total of $5.6 million. The recently acquired funds are going to facilitate izumi’s native token (iZi) launch, which will happen on December 20 and will be immediately followed by the launch of the izumi...

Step aside, Brave, Opera Browser wants to become the king of Web 3 browsers. In an official blog post on Friday, December 10, Opera announced a partnership with Solana Labs to add native support for the popular blockchain, allowing it to run a native Solana wallet along with all the dApps in the ecosystem. Solana Goes To The Opera The Opera team said on Twitter that the integration was expected to be ready by Q1 2022. By then, users should be able to enjoy all the benefits of...

The member of the Republican party and Florida Governor – Ron DeSantis – proposed that the government should allow businesses to pay state fees with digital assets like bitcoin. He added that the authorities plan to launch pilot programs to explore the use of blockchain technology to monitor motor vehicle records as well as validate Medicaid settlements. Towards a Crypto-Friendly State Ron DeSantis included his idea as part of the 2022-2023 budget proposal during an...

2021 saw many Americans jumping into the crypto space. In fact, according to a new report from Grayscale Investments, more than half of Americans owning crypto began trading just this year. Grayscale Issues New Report Detailing Crypto Ownership It can be said for many reasons that 2021 was the era of crypto. One of the main reasons is because assets like bitcoin and Ethereum hit all-time highs, with the former reaching $68,000 per unit in November and the latter spiking...

Ethereum layer 2 scaling solution Polygon has announced the acquisition of zero-knowledge (ZK) technology developer Mir for $400 million. As per reports, the platform conducted the purchase with 250 million MATIC tokens for $1.60. The acquisition was announced at the backdrop of Polygon’s “zk day” virtual event. Since the transaction, MATIC’s price has risen by more than 50%. The New Acquisition According to the official blog post, Mir’s team will be joining Polygon to...

Institutional-grade lending protocol for decentralized finance (DeFi), Parallel Finance, has won the fourth Polkadot parachain auction. Over $300 Million Contributed The press release shared with CryptoPotato informed that the protocol saw support from over 30,000 contributors who provided a total of 10.75 million DOT, worth a whopping $306 million, during the auction. According to the team, the figure makes Parallel Finance the third project on the Polkadot parachain auction...

Google has filed a lawsuit against two individuals living in Russia over a botnet they used to infect several computer networks for the purpose of mining cryptocurrency. Google Goes After Glupteba The botnet not only stole crypto assets but the personal information of unsuspecting victims. Google has worked with several internet infrastructure companies to remove servers that the hackers were using to control the networks they infected. The botnet has been deemed null...

Poker fans in the US are now able to access the global poker market after a 15-year streak from the Department of Justice (DOJ). This happens as Virtue Gaming introduces the first P2E (Play-to-earn) offering in the country. Reviving the Poker Field in the US With Blockchain The Play-To-Earn business model relies on blockchain technology. Some of the most successful titles have amounted to record-breaking valuations of over $2 billion, like the famous Pokemon-inspired,...

Craig Wright has won his bitcoin-related civil suit, casting doubt on all those who said the London-based Australian computer scientist wasn’t Satoshi Nakamoto. Craig Wright Is Victorious in Court The suit centered around an alleged stash of cryptocurrency and bitcoin units worth approximately $54 billion at the time of writing. A jury in Florida has dismissed approximately six of seven charges brought forth by the family of David Kleiman, who allegedly worked with...

Options Market Analysis Bitcoin price is now sub $49,000, about 27% below the ATH ($69k). Options traders set different hedging strategies during the previous weeks to protect against the market downside. Next Friday, December 17th, about $630 million worth of bitcoin options contracts will expire in Deribit. The max pain scenario for this expiry is if the price is at $50K. Calls at 60k strike price have the highest open interest with 1005 contracts. Options traders have sold...