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Tag Archives: Cryptocurrency News

Canaan Secures $50M in Preferred Shares Sale to Bolster Expansion Efforts

CoinspeakerCanaan Secures $50M in Preferred Shares Sale to Bolster Expansion Efforts Canaan disclosed in the SEC's Form 6-K filing that the new funding round would enhance its research and development capabilities, support innovation in its crypto mining rigs, and expand its production scale. Canaan Secures $50M in Preferred Shares Sale to Bolster Expansion Efforts

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US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road

CoinspeakerUS Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road The US government confiscated Bitcoin holdings associated with the Silk Road marketplace in two instances, first in Memphis, Tennessee, on February 10, 2021, and then in Arlington, Virginia, on May 11, 2021. US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road

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MeWe and Amplica Labs Achieve Historic 500K User Migration to Web3

The 500,000 migrated MeWe users now have personal control over their identities, data, assets, and online experiences. MeWe, a social media platform, has partnered with Amplica Labs to move 500,000 active users to Web3 technologies. This transition uses Amplica’s Frequency blockchain, which gives users more control and independence over their social networking experiences through blockchain features. MeWe is an alternative to ad-driven networks that focus on people and communities. By...

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Morgan Stanley: Bitcoin and CBDCs Threaten US Dollar’s Dominance as Global Currency

The report states that an increase in the adoption and use cases of Bitcoin and CBDCs could weaken the strength of the US dollar. Andrew Peel, the Head of Digital Assets at financial services giant Morgan Stanley (NYSE: MS), has warned that the use of cryptocurrencies like Bitcoin could negatively impact the US dollar. Peel said a potential paradigm shift in the way people view and interact with digital assets, including CBDCs (Central Bank Digital Currencies), could weaken the US dollar’s...

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Pro-Crypto Republican Vivek Ramaswamy Ends Presidential Bid in US

Ramaswamy’s departure from the presidential race leaves a void in terms of a candidate explicitly championing pro-crypto policies. Pro-crypto Republican candidate Vivek Ramaswamy has officially withdrawn from the United States presidential race, marking the end of his nearly year-long campaign. Ramaswamy, who gained attention for his outspoken stance on cryptocurrency and blockchain technology, announced at a press conference in Des Moines, Iowa. Despite his efforts to bring a pro-crypto...

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