THETA, the blockchain network’s native token, took a nosedive when the scheduled postponement was revealed. Theta, a blockchain network purpose-built for esports video streaming has announced it will be delaying its Mainnet 3.0 launch till June 2020. According to details shared in a blog post, the postponement of this highly anticipated launch was necessary to perfect all of the features that will accompany the upgraded platform. Theta highlighted that to make the Elite Edge Nodes, one of the primary features on track to be released in the Mainnet 3.0, operate…
Month: March 2021
Dfinity Launches Its Mainnet Beta Release Candidate 1 on March 30
Dfinity has launched its Internet Computer network to create an open internet system and drive a diversion from Big Tech and closed infrastructure. Blockchain tech startup Dfinity has launched an important part of its network, called the ‘Infinity Computer.’ In a publication written by President and Chief Scientist, Dominic Williams, the Internet Computer is the world’s first blockchain capable of web speed and capacity increase without bound. Describing the Dfinity mainnet further, Williams states that the Internet Computer can “host any volume of smart contract computations and store any quantity of data”. The…
Tidal to Launch Balancer LBP Following 500x Oversubscribed Polkastarter IDO
Place/Date: – March 25th, 2021 at 12:05 pm UTC · 3 min read Source: Tidal Finance Tidal Finance, a high-yield insurance platform, offers the ability to hedge against the failure of a DeFi protocol or asset. While reinventing the way decentralized insurance works, Tidal Finance plans to attract participation from the community through a Balancer liquidity bootstrapping pool on 25th March. The Tidal IDO on Polkastarter was oversubscribed by 500 times garnering massive support from the community. Backed by KR1, Hypersphere Ventures, Spartan Capital, Kenetic Capital, QCP Capital and AU21…
Bitcoin Rewards Company Lolli Raises $5M from Serena Williams, Others in pre-Series A Round
The newly-raised funds bring Lolli’s total funding to $10.25 million. Before now, the company raised $5.25 million in two rounds. Bitcoin rewards company Lolli recently generated $5 million in a pre-Series A round involving a number of prominent investors and American professional tennis player Serena Williams. Lolli announced details of the pre-Series A round on the 24th of March. Serena Williams Backs New Funding for Lolli According to the announcement, the funding round was backed by Serena Willams’ Serena Ventures and her husband Alexis Ohanian’s Seven Seven Six Ventures and…
US Stock Market Remains Upbeat as Fed Chairman Shows Optimism on Economic Recovery
The US Treasury Secretary Janet Yellen said that the banks are in a healthy condition and could pay dividends and repurchase stocks. The Biden administration is further mulling a $3 trillion stimulus for economic recovery. On Wednesday, March 24, the US stock market remained upbeat during the trading hours. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen shared and optimistic for the US economic recovery from the Coronavirus pandemic. Thus, the economy-linked industrial and financial stocks surged north. The Wall Street indexes have been on a topsy-turvy ride over…
China’s DiDi Targets Upcoming IPO at $100 Billion Valuation
To achieve the targeted $100 billion valuation, DiDi should secure $10 billion from selling 10% of its shares. Transport company DiDi Chuxing Technology Co is aiming for a $100 billion valuation after its upcoming initial public offering (IPO). Also, the company is considering New York over Hong Kong for the public offering. A reliable source also said that DiDi is eyeing a secondary listing in Hong Kong. DiDi Eyes $100 Billion Valuation after IPO in New York In a report, Reuters noted that the details on DiDi’s expected valuation and IPO…
Blockchain.com Raises $300M from Private Investors Bringing Company’s Valuation to $5.2B
Blockchain.com funding was led by DST Global, Lightspeed Venture Partners and VY Capital. Blockchain.com, a global cryptocurrency exchange with other crypto-focused services, has raised $300 million from private investors bringing its market valuation to $5.2 billion according to Wall Street Journal. Notably, WSJ also noted that the Blockchain.com funding was led by DST Global, Lightspeed Venture Partners, and VY Capital. Blockchain.com was founded back in 2011 and has over time been involved in several fundings. Back in 2014, the company closed a $30.5 million fundraising round led by Lightspeed Venture…
BitClout Receives Cease-and-Desist Letter after Firm Raised Undisclosed Amount from 11 Investors
A law firm slammed BitClout with a Cease-and-Desist letter for using Brandon Curtis’s identity without consent. Controversial social network BitClout has received a cease-and-desist letter after the company conducted its financial round and added new investors. The legal warning addresses the alleged head of the social network Nadar Al-Naji for using the likeness of Brandon Curtis, the product lead at decentralized token exchange Rader Relay. BitClout Receives Cease-and-Desist Letter The law firm representing Curtis, Anderson Kill P.C. issued the cease-and-desist letter. The law firm said that Al-Naji breached California’s Civil…
Bilibili Raises $2.6 Billion ahead of Its Public Debut in Hong Kong
Following the public listing moves, Bilibili will commence trading in Hong Kong on March 29 under the code “9626.” Chinese technology company and video game publisher Bilibili Inc (NASDAQ: BILI) has raised 20.2 billion Hong Kong dollars ($2.6 billion) ahead of its public listing in Hong Kong. As reported by CNBC, the firm noted it priced the 25 million shares it issued for the listing at 808 Hong Kong dollars each. The initial plans to pursue a secondary listing were first revealed earlier in January. It is not uncommon for…
Coinbase Pro Announces Support for Ankr (ANKR), Curve (CRV) and Storj (STORJ)
The cryptocurrency exchange will start trading these crypto after 9AM Pacific Time (PT) Thursday, March 25, if liquidity conditions are met. On Tuesday, March 23, cryptocurrency exchange Coinbase Pro announced support for three new tokens – Ankr (ANKR), Curve DAO Token (CRV) and Storj (STORJ). The announcement stated that users can start transferring these tokens to their accounts ahead of trading. Thus, these tokens will be available for trading in all Coinbase supported jurisdictions. However, there’s a small caveat that CRV won’t be available for New York-based Coinbase users. The…