Tag Archives: social

Leading cryptocurrency exchange Kraken announced on Thursday the results of a proof-of-reserve audit, showing that it holds over $19 billion worth of Ether (ETH) and Bitcoin (BTC). Almost $20 billion Stored on Kraken As per a blog post, the audit was conducted by Armanino LLP, a consulting and technology firm in the US. The results didn’t include other assets – just BTC and ETH, including the $3.5 billion worth of ETH held in Kraken’s staking service, which is an ETH 2.0...

By partnering with the bitcoin-centered company New York Digital Investment Group (NYDIG), UNIFY will become the first credit union to offer BTC services to its members. The collaboration was also joined by pro football player Safety John Johnson III. The announcement from earlier this week informed that UNIFY customers will now be able to buy, sell, and hodl bitcoin alongside their traditional accounts within the online banking platforms. The organization has more than...

After more than two weeks of trading below $40,000, bitcoin finally made a decisive move to reclaim that coveted level. The entire crypto market followed suit with massive daily price increases from Ethereum, Binance Coin, Cardano, Sollana, Polkadot, and many others. Bitcoin Surged $4K It was on January 20th and 21st when the primary cryptocurrency slumped below $40,000 for the first time in months. In the following few weeks, the asset failed to recover most of the losses...

Benedetto Vigna – Chief Executive Officer of Ferrari – opined that the blockchain and NFT industry are niches that “deserve some attention.” As such, the exec hinted that the luxury sports car manufacturer might continue with its cryptocurrency endeavors in the future. ‘Blockchain and NFT Can Be Interesting for Us’ While outlining the Q4 2021 results during the recent earnings call, Ferrari CEO Benedetto Vigna asserted that the firm will focus on the Web3 universe in the...

Fortescue Metals Group Chairman Andrew Forrest has filed a criminal case against Facebook in Australia for its failure to stop scam ads featuring his image. According to the Australian mining billionaire, this is the first time that Facebook is facing a criminal charge anywhere in the world. “I’m doing this on behalf of innocent Australians who don’t have the resources to take on companies like Facebook,” Forrest said in his lawsuit. Following Forrest’s criminal suit, the...

The meme cryptocurrency project – Baby Doge Coin – disclosed a promotional partnership with the Bundesliga soccer team TSG Hoffenheim. The club will release non-fungible tokens (NFTs) for its fans as part of the agreement. Baby Doge’s Dive in Soccer In a recent announcement, the professional soccer team revealed it is “happy” to collaborate with Baby Doge, describing the latter as an “innovative and leading brand” in the crypto industry. Apart from offering an NFT collection,...

The total cryptocurrency market has managed to recover a considerable chunk of its capitalization, with Bitcoin currently pushing above $40K. However, excluding today, we saw a serious correlation between Wall Street and crypto, but may this be coming to a halt? Bitcoin’s price recovered over 8% in the past seven days, but let’s break it down. This time last week, things were looking quite depressing, and BTC was failing to break out and dipped on Monday. It spiked towards...

Bitcoin’s price shot up in the past couple of hours in two massive consecutive green candles, leaving bears underwater and attempting to reclaim the coveted $40K level. Over the past two hours, bulls took complete control of the market momentum and managed to push BTC’s price to almost $40K (on Binance). This comes following a couple of green days after BTC dropped to $33K yesterday, charting a recovery of almost 20% in the interim. Source: TradingView In the meantime, data...

The number of unique wallets on the Cardano blockchain holding ADA has hit a new all-time high, surpassing the previous record from December 2021. ADA Wallets Hits 3 Million In a tweet today, the Proof-of-Stake blockchain announced that it had hit 3 million ADA wallets less than two months after it recorded a total number of 2.5 million addresses. 🎉3 MILLION #ada WALLETS!🚀#Cardano #CardanoCommunity pic.twitter.com/5iEjq89X8b — Cardano Community (@Cardano) February 3, 2022...

Trust Machines, a new venture co-founded by Stacks inventor Muneeb Ali and Princeton University Computer Science professor, JP Singh, has recently raised $150 million to expand the Bitcoin ecosystem as a Web3 platform. Bitcoin to Become a Web 3 Platform In a press release shared with CryptoPotato, the company noted that its goal is to create the largest ecosystem of BTC-based applications that “unlock Bitcoin’s potential as a final settlement layer for computing platforms and...