Tag Archives: social

After becoming the hottest trend in fintech and crypto over the past few months, the NFT space transitioned to a cooldown phase. But this trend appears to be changing as well as the latest edition of the Dapp Industry Report by Dapp Radar suggested that the market is coming back to life. Moonbirds, Otherdeed NFT Collections, Smash Records According to the report shared with CryptoPotato, it was the launch of two of the most anticipated collections ever has revived the sector...

Popular Bitcoin miner Argo Blockchain has announced taking on additional debt under Argo’s equipment financing agreement from a subsidiary of New York Digital Investment Group (NYDIG). The move will help Argo fund the purchase of mining equipment for its Helios facility in Dickens County, Texas. Argo Seeks Additional Equipment Financing From NYDIG As part of the financing, Argo will borrow up to $70.6 million from NYDIG, the interest rates set at 12%, the official press...

Bitcoin-friendly politician – James David Vance – won the Ohio Republican Senate primary election and will face the member of the Democratic party – Tim Ryan – in November this year. The voting will determine the next senator of Ohio, and, interestingly, Ryan is also a supporter of the crypto sector. Crypto Backers on the Final Stretch The American politician, venture capitalist, and author – James David Vance – secured a victory in the Ohio Senate Republican primary. He won...

2TM Group, the holding company of Brazil’s first crypto brokerage Mercado Bitcoin, has ended its merger and acquisition talks with the leading US-based cryptocurrency exchange Coinbase, Bloomberg reported Wednesday, citing people familiar with the matter. Coinbase and 2TM End Buyout Talks According to the report, Coinbase intended to acquire a controlling interest or a minority share in 2TM. CryptoPotato reported in March that the buyout talks first started late last year and...

The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as a “viable form of currency,” which is a serious concern for the US government. Bitcoin Made the Government ‘Freak Out’ During his most recent podcast episode, Joe Rogan reiterated his support of bitcoin, asserting that the current status of the asset is much similar to the early Internet: “I think of bitcoin...

Two banks in Argentina will be allowing their clients to purchase cryptocurrencies via their official websites. The pair are Banco Galicia – the nation’s largest private bank in terms of market value, and Brubank – a fully digital bank. The two entities have partnered with the crypto wallet Lirium for the new service, which will reportedly be available to clients on Monday. For Banco Galicia, the feature will first be available to customers whose salaries are directly...

Cryptocurrency-backed mortgages are repleted with risks akin to those responsible for the 2009 recession, said the US-based rating company Weiss Ratings. Referring to Miami startup Milo, a digital bank that offers crypto-backed home loans, the firm noted that the plans “are fraught with warning signs.”  Milo Home Loans With Digital Assets as Collateral Milo helps customers buy US real estate by pledging digital assets as collateral. According to its website, the project has...

Ripple CEO Brad Garlinghouse recently revealed that the almost two-year lawsuit with the United States Securities and Exchange Commission (SEC) is drawing to its climax and could be resolved before the end of the year. The Long-Awaited Climax Is Near In an interview with Fox Business correspondent Charlie Gasparino, the Ripple boss acknowledged that the company’s ongoing legal battle with the SEC has gone “quite well.” He further noted that his company’s case will set a major...

Last year’s epic crypto bull run helped crypto companies thrive, many beyond expectations. However, the current landscape is entrenched in a sluggish territory, a trend that has translated into figures for the prominent digital asset management firm, CoinShares, which announced the interim results for the first quarter of 2022. According to the official press release, the firm’s total revenue during the first three months of 2022 has shrunk to £27.96 million ($35 million)...

Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter. Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different. Crypto Companies to Release Earnings Reports As required by the SEC, corporations with listed stocks publish earnings reports about the...