Crypto news

The British authorities have reportedly urged Transport for London (TfL) to stop allowing cryptocurrency ads on its infrastructure. The move comes after Floki Inu – a meme coin named after Elon Musk’s puppy – was advertised on the city’s underground stations, buses, and trains for the last couple of weeks. Crypto Ads Are ‘Unethical’ “Missed Doge? Get Floki” – this was the slogan that appeared on some of London’s underground stations at the end of last month. Promising to...

Terrance J. Leonard owes his good fortune to cryptocurrency. In a recent interview, he said a discussion with a friend about cryptocurrency led him to make a relatively small investment that turned into something huge… So big, in fact, that it allowed him to purchase his dream home. Terrance J. Leonard Has Bought His Dream House with Crypto As a former Navy officer who now works as a software engineer, Leonard lives in Washington D.C. and admits to not knowing much about...

The crypto and blockchain space seems to be thriving. In fact, this vertical has fetched the largest valuation step-up this year. Naturally, VC firm Paradigm has also ramped up its game with its latest $2.5 billion venture fund. With the wave of new-fangled investor interest, eye-popping fundraises in crypto are not surprising anymore. One such high-profile investment firm is Paradigm that has managed to capture the crypto industry’s biggest venture fund ever after breaking...

Bitcoin – the world’s number one digital currency by market cap – has hit a new all-time high of roughly $68,000 per unit. Bitcoin Hits a New Peak While the currency is back down in the $67,000 range at the time of writing, we are clearly seeing a strong pattern. 2021 has been the year of all-time highs for bitcoin, as the currency first rose to about $64,000 per unit before stepping back and rescinding some of its gains. The bearish period that came soon after lasted...

The popular cryptocurrency lender – Nexo – has announced a buyback program for its native token worth $100 million. The company estimates that the entire process will be completed within the next six months. Nexo’s $100M Buyback Program The press release shared with CryptoPotato informed that the company’s Board of Directors had approved the program, authorizing it to “discretionally repurchase” the native token Nexo in the open market periodically. The procedure has already...

Ridiculous and bizarre trends in the crypto industry aren’t surprising. Little-known StarLink (STARL) is the latest to see a wild swing that has some connection with Elon Musk, but it’s not what you think. Coincidentally, StarLink happens to share the same name as that of the Elon Musk-backed satellite internet constellation Starlink. Amidst a busy week, SpaceX launched its second rocket that included a stack of 53 Starlink satellites into orbit on November 11th. This was...

[PRESS RELEASE – London, United Kingdom, 15th November 2021] Verasity, a protocol and product layer blockchain platform for esports and digital content, is partnering with the leading NFT-based online video game Axie Infinity for the FTX GalAxie Cup 2021. Verasity’s competitive esports and video streaming platform, VeraEsports will be the official and exclusive broadcast and esports platform partner of the online tournament. The online event will be exclusively streamed on...

The futures market experienced a moderate reset in the funding rate. The recent price volatility in the range between $58 and $69K has caused it to decline. However, similar to the price rally from the COVID crash in 2020, a rising macro trend in the funding rate becomes obvious. At the same time, the momentum of the open interest has also dropped through the last two weeks of volatile price movements. Chart by CryptoQuantThe market has the same structure that we saw in...

One of the largest Bitcoin mining companies in the States – Marathon Digital – plans to raise $500 million through the issuance of senior convertible notes. The firm wants to use the proceeds to buy bitcoin and BTC mining machines. Founded over a decade ago, Marathon Digital Holdings is among the largest publicly-traded BTC mining companies. The firm’s announcement from earlier on November 15th outlined its plans to “offer, subject to market and other conditions, $500,000,000...

Press Release: Velas and GPNFTS have partnered, using Velas’ lightning-quick cross-chain blockchain to bring Motorsports to new levels of collectability and engagement. 15th November 2021, Zug, Switzerland:  Various blockchains compete for traction in the NFT industry today, yet they fail to provide the necessary infrastructure required for the true scaling envisioned by project owners and the community alike. A notable example is Ethereum: it has a vibrant and expansive...