Tag Archives: social

South Korea-headquartered LG Electronics has added blockchain and cryptocurrency to its business portfolio. LG’s Blockchain and Crypto Game Plans At the Annual General Meeting on March 24, LG Electronics’ shareholders approved “blockchain-based software” development and “sale and brokerage of cryptocurrency” as two new business areas. Although LG has included the sale and brokerage of cryptocurrency in its business charter, it doesn’t seem to be opening a digital exchange...

The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified. Purpose Bitcoin ETF Sees Huge Infusion Of Capital Citing data from the blockchain intelligence platform, Glassnode, market analyst Jan Wüstenfeld revealed that Purpose Bitcoin ETF currently holds more than 36k BTC, meaning a 23% increase in holdings YTD. The exchange-traded fund concluded with an AUM of 34.07k BTC last week, adding more than 2k BTC...

It’s been an interesting week in the cryptocurrency space, and finally, we saw some green. The market recovered the coveted $2 trillion total capitalization mark as the majority of the cryptocurrencies charted considerable gains. All in all, the total market cap is up by some $200 billion in the past seven days. Bitcoin surged by 8.4% over the same period and tested the important technical resistance at $45,000. This is the third time the cryptocurrency is coming against this...

Interest in Web3 continues to increase as more companies race to invest in the next big thing. Nexo – a well-known crypto participant – is the latest to jump on the bandwagon. Nexo – a regulated and amongst the leading digital asset service providers – revealed today that they are launching a new fund aimed at investing in Web3-focused projects. The initiative is called Nexo Ventures and launches with an initial goal of investing $150 million. The key areas that the new arm...

Web 3 and blockchain infrastructure provider Coinbase Cloud has announced the launch of a suite of blockchain solutions and services for the growing Avalanche ecosystem. Coinbase Cloud revealed running a public validator on Avalanche that enables delegators to stake their AVAX tokens. They contribute to the growth and security of the network by verifying transactions, participating in consensus, and adding blocks. Delegators, on the other hand, can contribute to validators by...

Retail and institutional investors will have to wait further for the $1 billion Bitcoin Bonds as El Salvador has postponed its planned offering. Amidst geopolitical turmoil, the country’s Finance Minister Alejandro Zelaya said they would wait for favorable conditions in the financial market, and the hold-up be could be as late as September. Unfavorable Market Conditions The El Salvadorean central bank was previously scheduled to launch the long-awaited Bitcoin Bonds between...

One of the perks of blockchain-based technologies and public ledgers is that… well, they are public. This means anyone can tap into the data and receive valuable insights. Large holders have long been touted as entities with sufficient market knowledge and experience and are oftentimes being looked up to. In this article, we take a closer look at the 100 largest Ethereum-based addresses and their holdings. Let’s find out what the whales hold. Top Ethereum Whale Holdings The...

The Advertising Standard Authority (ASA) intensified its negative stance against crypto-related companies. It warned such entities not to encourage individuals to purchase digital assets with credit cards or swap their pensions for coins like bitcoin. The ASA’s Latest Warning The British authorities and financial regulators are known for their harsh stance against the cryptocurrency sector. Bank of England’s Governor Andrew Bailey, for example, argued that digital assets...

FTX Ventures has invested $100 million in the public-traded banking app – Dave – which also announced forging a “strategic partnership” with West Realm Shires Services, the operator of FTX US. As part of the deal, the US crypto trading arm of billionaire Sam Bankman-Fried’s exchange FTX will serve as Dave’s exclusive partner for cryptocurrencies and explore ways to introduce such payments into the banking app’s platform. The Investment According to the official press release,...

Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc. The Merger According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237 million from the cash held in the special-purpose acquisition company’s (SPAC) trust, assuming there are no...