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TeraWulf – an American bitcoin mining company – raised around $200 million in debt and equity financing from a group of individual and institutional investors. As a result, the firm expects to achieve a mining capacity of 6 exahash per second or 200 megawatts by the second part of 2022. Furthermore, TeraWulf eyes public listing on Nasdaq through a business merger with the tech company IKONICS Corporation. TeraWulf Aims High As part of the $200 million financing, TeraWulf...

Blockchain.com outlined plans to launch a marketplace exclusively focussed on NFTs to cater to the rising demand and fortunes that have attracted the attention of well-known individuals from different fields. With this move, the Luxembourg-based company is the latest one to dip its toes into the NFT market. It joins the list of crypto giants such as Binance, Coinbase, and FTX.US, which have announced the launch of new NFT-focussed wings. Blockchain.com’s NFT Marketplace is...

The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and...

There have been many reports questioning if Spotify pays musicians fairly. While the popular music streaming service is yet to disclose exactly how much it pays, industry experts have suggested that its payout rate for recordings at nearly $4,000 per million streams, or less than half a cent per stream. However, NFT is here to rescue, at least, according to Saxo Bank. NFTs vs. Traditional Streaming Platforms Saxo believes that the outlook is bright for NFT technology despite...

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins. Yet, Charlie Munger – Warren Buffett’s right-hand man – reiterated his skepticism once again recently by indicating that the hype around them is “crazier...

AMC Theatres – the largest movie theatre chain in the US – recently offered 86,000 non-fungible tokens to early buyers of the latest Spider-Man film. The enthusiasm among fans was quite high as it led to the second-highest one-day ticket sales in AMC’s entire history. AMC’s NFT Offer At the start of this week, the movie theatre chain partnered with Sony Pictures to provide 86,000 NFTs to reward members and retail investors who pre-order tickets for the December 16 premiere of...

2TM Participacoes, the parent company of Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has recently raised $50 million from investors to further its expansion project. Crypto Service Expansion in LatAm According to a Tuesday report by Bloomberg, the company will use the funds to increase its product offering and expand its services to other Latin American markets, including Chile, Argentina, Mexico, and Colombia. 2TM’s funding round received support from several...

Following a related partnership with Coinbase, Adidas has joined various NFT influencers as part of their adaptation to the metaverse. These include Punks Comic, GMoney, and Bored Ape Yacht Club (BAYC). Leaping Into The Metaverse Adidas originals – an Adidas subdivision dedicated to lifestyle and fashion – tweeted about their new partnership earlier today. Few details exist about what plans their “Metaverse” entry will entail, but they have confirmed partnerships with Punks...

At the stage of the 2021 Global ETP Conference, Sohn Byung-doo stated that the digital asset industry is not very different from capital markets. The exec emphasized the need for investor protection and transaction stability support. The KRX Chief Wants To Study Crypto So far, Bitcoin and cryptocurrencies remain outside the domestic regulatory scope that covers the traditional financial sector. On that note, Byung-doo highlighted the growing number of crypto investors in...

One of the leading cryptocurrency mining companies in the US – Riot Blockchain – acquired the electrical equipment provider – Ferrie Franzmann Industries (known as ESS Metron) for $50 million. As a result, the latter will provide a steady infrastructure supply for Riot’s new mining machines. Riot’s Expansion The news was announced in a recent press release by the US Securities and Exchange Commission (SEC). The total amount of the transaction equals $50 million as the bitcoin...