Sphere 3D, a data management company that trades on the Nasdaq, and privately held Gryphon Digital Mining, which focuses on mining bitcoin through 100% renewable energy, announced in June they were going public through a reverse merger. Under terms of the deal, Sphere said it will issue 111 million shares to Gryphon shareholders, who will control 77% of the combined company. Sphere holders will own the remaining 23%. Source
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io This week we talked to David Lu who is a partner at 256 Capital Partners and Virgil Capital, which are both investment firms which specialise in cryptocurrency assets. David became partner at those firms just a few years after finishing his Bachelor of Law/Commerce degree at UNSW. At university he co-founded a venture capital firm called Textbook Ventures and also worked at a number of other VC’s such as Golden Gate Ventures in Singapore. We talked to David about his career journey,…
U.S.-based cryptocurrency brokerage firm Voyager Digital announced a $75 million investment from cryptocurrency quantitative trading firm and liquidity provider Alameda Research on Thursday. Founded in 2018, Voyager Digital offers more than 60 digital currencies for trade on its mobile app, which also includes services such as yield farming. According to the companyโs website, Alameda Research was founded in 2017 and now manages $1 billion in digital assets. In addition, the firm claims to trade anywhere between $1 billion to $10 billion worth of major cryptocurrencies, altcoins, and crypto-derivatives each day.…
Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE superstars and iconic moments. WWE Plans to Lay the Smackdown With NFT Collectibles On October 27, Fox Entertainment and Bento Box Entertainment revealed the companies have inked an exclusive agreement with the publicly-listed media and…
The Indian government is likely to regulate cryptocurrencies in its upcoming budget in February, moving away from its earlier approach of seeking to impose an outright ban, according to a Business Today report. A law covering cryptocurrencies will most likely be discussed in the countryโs next general budget, the report said, citing Indian Finance Ministry officials. The government is likely to opt for regulating cryptocurrencies as an asset class, similar to commodities, with appropriate taxation of transactions and gains. Indiaโs Finance Ministry and the Reserve Bank of India (RBI) officials…
The monetization push could dovetail with the companyโs Novi crypto wallet, which faced pushback from U.S. lawmakers after a pilot launch earlier this month. Diem, the projectโs namesake stablecoin, is not yet involved. On Thursday, David Marcus, Facebookโs head of payments and financial services, tweeted that with the rebrand, the company was consolidating all of its payments and financial services units and products, including Facebook Pay, under the Novi brand. Source
XDEFI Wallet, a browser-based service for DeFi and NFT assets, has officially integrated the layer-1 blockchain protocol Terra on its platform following a number of weeks of testing and development. With the addition of Terra, the platform now supports 9 blockchain networks including Bitcoin, Ethereum, and Polygon. It has also expressed intentions to incorporateย Solana, Avalanche, and Arbitrum in the future. Earlier this month, XDEFI launched their public cross-wallet extension onto Google Chromeโs web store, with the stated intention of enabling easy-accessibility for the browser’s users. In late September, XDEFI raised…
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A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows. The blockchain data analytics service revealed Thursday that the total amount of “hodled or lost coins” reachedย a nine-month high of over 7.21 million BTC. In simple terms, the Bitcoin metric reflected an increase in out-of-circulation tokens โ those that may have been stored in cold wallets by long-term holders or got lost due to human…
Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem. The initial allocation was approved by Serumโs decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serumโs native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serumโs on-chain order book. Liquidity mining is an effective tool for DeFi protocols as it incentivizes automated market makers to…