Tag Archives: Cryptocurrency News

Bitkraft is focused on taking up equity positions in the startups it is backing while also not discounting the likely benefits of holding the beneficiary outfit’s token. Bitkraft, a Venture Capital firm for gaming platforms, eSports, and immersive technology has announced it has raised the sum of $220.6 million to launch its second token fund. According to the SEC filing, the fund was designated as the BITKRAFT Ventures Token Fund II and though it contains not much information about the...

Sources familiar with the matter said that the architects of the retail CBDC are working to incorporate offline transactions and eyeing half a million users by July. India is one of those top global economies that has been pilot-testing its central bank digital currency (CBDC) aka the Digital Rupee. As per the latest reports, the architects of India’s retail central bank digital currency (CBDC-R) are aiming to scale the user base of the Digital Rupee to a million users. Sources familiar...

Its new proposals represent a major deviation from the path that Arbitrum was initially towing. The Arbitrum Foundation has responded to last week’s protests of its community of ARB token holders by proposing two new motions. This follows after the huge backlash that erupted over the earlier plans of the foundation to move 750 million ARB tokens to one of its own wallets, albeit in a quiet manner. Arbitrum Foundation Floats Two New Proposals According to a Wednesday proposal, which was...

According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September. Popular public listed exchange Coinbase is supporting the new class that seeks a reversal of the Tornado Cash ban. With this, the US Treasury is faced with a renewed legal case targeted at its move to sanction the crypto mixer. The motion to remove the Tornado Cash ban was...

Justin Sun has denied the rumors of a proposal to crypto exchange Binance for acquiring his part of the stake in Huobi Global. Sources familiar with the matter said that the world’s largest crypto exchange Binance recently turned down an offer to acquire Justin Sun’s ownership in crypto exchange Huobi. The sources further added that Binance didn’t show interest due to the rumors that crypto exchange Huobi has ties with mainland China. Last month in March, Justin Sun showed interest in...

In its bid to ensure all consumers are adequately protected from any form of market disadvantage, ASIC has consistently warned residents of the dangers associated with dealing in highly speculative assets like crypto. The Australian Securities and Investments Commission (ASIC) has revoked the license granted to crypto outfit Binance Exchange through its local subsidiary Oztures Trading Pty Ltd to operate as a derivatives broker. According to a press release from the regulator, the...

In a podcast, the Coinbase Institutional team delved into bullish and bearish scenarios for Ethereum and Bitcoin as ‘Shapella’ approaches.  Ahead of the Ethereum Shapella Upgrade, Coinbase Institutional weighed in on the mainnet upgrade’s potential impact on Ether and Bitcoin (BTC). In a YouTube podcast, the team provided insight into whether April 12th’s much-anticipated upgrade would further spur the ongoing crypto rally. The Coinbase Institutional team also discussed the bear market...

At the core of the Metacade ecosystem is the MCADE utility token, which serves as the primary medium of exchange and powers the rewards system. The meteoric rise of Web3 and decentralized technologies has opened up new horizons for investors seeking the next big opportunity in the ever-evolving world of cryptocurrency. The $200 billion gaming industry is one target as it experiences a paradigm shift towards GameFi, with Metacade’s MCADE token standing out as a potential game-changer and...

The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps.  Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch is the “first major ecosystem initiative in Mintlayer’s long-term development” and is reserved for projects that will directly benefit the...

Launching an on and off-ramp service with MoonPay and Ramp Network is just another direct avenue to push the millions of users that rely on Binance for these services to become largely independent. Decentralized crypto wallet infrastructure and service provider Trust Wallet has inked a new partnership with MoonPay and Ramp Network as it seeks to introduce additional utility for the benefit of its users. According to a CoinDesk report, the partnerships with the two payment services will...