Day: October 29, 2021

Crypto Pioneer Backed By a16z, Alchemy Raises Value to $3.5B

Alchemy, the pioneer of crypto infrastructure, raised its value to $3.5 billion with a $250 million Series C round of funding led by Andreessen Horowitz (a16z). Alchemy is the leading platform for blockchain and Web3 developers. Currently, they intend to reinvest in the ecosystem’s expansion. Alchemy has seen exponential growth in the past six months with revenues rising over 15 times. They pin their success to their main goal: “make building on the blockchain and Web3 so easy, anyone can do it.”; which turned out to have bigger demand than…

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NFT Software Firm Nameless Raises $15M to Expand Its Team

CryptoX – Cryptocurrency Analysis and News Portal “NFTs are revolutionizing digital ownership on a global scale. Whether it’s a single NFT drop or the creation of an entire marketplace, our technology makes things easy, cost effective, and secure,” said Jim McNelis, founder and CEO of Nameless and Nft42, in a press release. Source The post NFT Software Firm Nameless Raises $15M to Expand Its Team appeared first on CryptoX. CryptoX Portal

SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants – Blockchain Bitcoin News

On Thursday, South by Southwest (SXSW) Conference and Festivals announced the company will be minting the first SXSW NFT, and at the 2022 festival in Austin, Texas, participants will be able to tokenize their work using NFT technology. SXSW’s 2022 festival will be held on March 11-20 and will feature a major on-site NFT workshop for artists, filmmakers, and brand participants. SXSW Plans to Drop It’s First NFT at This Year’s 10-Day Festival — Blockchain Creative Labs to Issue NFTs According to an announcement stemming from SXSW, the annual conglomeration…

Ethereum Rally Gathers Pace, Why Uptrend Isn’t Over Yet

Ethereum started a fresh rally above the $4,200 resistance against the US Dollar. ETH broke the $4,350 level and it could continue to rise in the near term. Ethereum started a fresh increase above the $4,200 and $4,300 resistance levels. The price is now trading above $4,300 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $4,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,250 support…

Major Indonesian Islamic organization declares crypto ‘haram’ — or forbidden

The East Java branch of one of Indonesia’s largest Islamic organisations Nahdlatul Ulama (NU) has issued a Fatwa deeming the use of cryptocurrency ‘haram’, or forbidden, under Islamic law. A Fatwa is a nonbinding legal opinion on Islamic law, which is reached through a discussion called a bahtsul masail. Representatives from the Nahdlatul Ulama (PCNU) Branch Management and several Islamic boarding schools throughout East Java attended the bahtsul masail. Interest in cryptocurrency has surged in Indonesia over the past year. Earlier this month, a report by Coinformant reported that Indonesia…

Major Indonesian Islamic organization declares crypto ‘haram’ — or forbidden

The East Java branch of one of Indonesia’s largest Islamic organisations Nahdlatul Ulama (NU) has issued a Fatwa deeming the use of cryptocurrency ‘haram’, or forbidden, under Islamic law. A Fatwa is a nonbinding legal opinion on Islamic law, which is reached through a discussion called a bahtsul masail. Representatives from the Nahdlatul Ulama (PCNU) Branch Management and several Islamic boarding schools throughout East Java attended the bahtsul masail. Interest in cryptocurrency has surged in Indonesia over the past year. Earlier this month, a report by Coinformant reported that Indonesia…

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Stoush over Greenidge miner’s legal threats to activists over ‘false’ claims

Greenidge Generation LLC, an upstate New York-based Bitcoin (BTC) mining firm has reportedly threatened legal action over repeated “demonstrably false” claims from local activists. Greenidge mines BTC at its gas-fired power plant near the Seneca Lake in Dresden, and the firm has been locked in a long-running battle with activists who allege that the firm’s practices are damaging to the local environment. Activists Yvonne Taylor and Abi Buddington claim that the Greenidge CEO Dale Irwin sent them “threatening” letters in response to their public pushback against the firm. The letters…