Day: January 5, 2022

Leading NFT Marketplace Opensea Raises $300 Million, Firm’s Post-Money Valuation Taps $13.3 Billion – Finance Bitcoin News

boss

Leading non-fungible token (NFT) marketplace Opensea announced the firm has raised $300 million in a Series C funding round led by Paradigm and Coatue. Opensea’s latest capital raise has propelled the company to a $13.3 billion post-money valuation. Opensea Raises $300 Million, Commands Post-Money Valuation of $13.3 Billion In mid-November, a report authored by theinformation.com’s Kate Clark and Berber Jin explained that Opensea was fielding new investments after investors were allegedly chomping at the bit to fund the project. At the time, Opensea’s estimated valuation was $10 billion and two…

How it started vs. how it’s going with the Bitcoin Law in 2021

Before June 2021, news regarding Nayib Bukele was likely not even a blip on many crypto users’ radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party’s congressional majority sacked five members of the country’s Supreme Court and its attorney general. During the Bitcoin 2021 conference in Miami, however, Bukele stunned many participants and garnered international attention by announcing he planned to have El Salvador adopt Bitcoin (BTC) as legal tender. Within a week, a supermajority of the Salvadoran Legislative Assembly —…

How it started vs. how it went with the Bitcoin Law in 2021

boss

Before June 2021, news regarding Nayib Bukele was likely not even a blip on many crypto users’ radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party’s congressional majority sacked five members of the country’s Supreme Court and its attorney general. During the Bitcoin 2021 conference in Miami, however, Bukele stunned many participants and garnered international attention by announcing he planned to have El Salvador adopt Bitcoin (BTC) as legal tender. Within a week, a supermajority of the Salvadoran Legislative Assembly —…

Top Bitcoin mining country Kazakhstan turns off internet amid protests

boss

Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests. Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile internet disruptions and partial restrictions.” According to the data, the normalized network connectivity in Kazakhstan fell to 2% on Wednesday. “The incident is likely to severely limit coverage of escalating anti-government protests,” NetBlocks noted. Source: NetBlocks Kazakhtelecom, the largest telecom company in Kazakhstan, has shut down the…

Panther DAO Votes to Launch Private DeFi Protocol End of January – Press release Bitcoin News

boss

press release PRESS RELEASE. Blockchain history was made earlier this week. Thanks to more than 2,560 DAO votes in a Snapshot proposal, the Panther Protocol was voted to be launched in a private, decentralized manner. This constitutes the very first event of its kind, a feature that sets Panther a step towards its mission to infuse the DeFi ecosystem with native privacy. It is also the very first Private Governance System ever deployed in the crypto industry. Panther’s decentralized, private launch To achieve a fully decentralized, private launch, Panther Protocol’s…

Correction risk rises after ICP price gains nearly 60% in 5 days

boss

Internet Computer (ICP) has entered 2022 with a bang. The ICP price rose by over 56% in the first five days of the new year, reaching a 30-day high of $38 on Jan. 5. Its massive upside move accompanied a spike in trading volumes, underscoring a strong and healthy bullish sentiment for now. ICP/USD daily price chart. Source: TradingView At the center of ICP’s recent price rally was a flurry of optimistic news. That includes Binance’s decision on Jan. 4 to list a financial instrument that would enable traders to…

Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash?

Violent protests have poured into the capital of Kazakhstan in an outraged response to sharp fuel rate hikes. For citizens of the central Asian country, the government has resigned and a state of emergency has been declared in the nation’s capital. But for the rest of the world, the turmoil has taken a chunk out of Bitcoin’s hash rate, prompting fears of another “hash crash.” Kazakhstan Internet Blackout Has Big Impact On Hash Rate Back some six months ago, China began banning Bitcoin mining in the region once known to…

Bitcoin ETF decision delayed, SEC commissioner wonders why

boss

The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16. In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue an order approving or disapproving” the ETF. Upon the news, BTC’s price didn’t flinch, remaining in its tightly coiled range under $47,000. In a promising turn of events, an SEC bigwig has been vocal in support of a spot ETF. While crypto enthusiasts are used to…

Kevin O’Leary on why he thinks NFTs will become bigger than bitcoin

boss

“Shark Tank” investor Kevin O’Leary is a big believer in non-fungible tokens — he even thinks they have a shot at becoming bigger than bitcoin. O’Leary, the chairman of O’Shares Investment Advisers, said his belief in NFTs stems from the idea that can they prove ownership of real-world items, such as designer watches or flash cars, digitally rather than with paper records. NFTs are one-of-a-kind crypto tokens that serve to track the provenance and authenticity of rare virtual collectible items such as virtual art and sports memorabilia. There have also…

Drone Racing League Zooms Into Metaverse, Bringing ‘Play to Earn’ to Algorand

Competitive drone racing is joining the play-to-earn party. Drone Racing League (DRL) and Web 3 game developer Playground Games have tapped Algorand’s blockchain to create the first play-to-earn drone game in the metaverse, announced by the league on Wednesday. The details for the game itself have yet to be determined – a representative from DRL told CoinDesk it will look to its community to determine what style of gaming they’d most enjoy. Play-to-earn, or GameFi, refers to an emerging subsector of the crypto world where gamers are rewarded with digital…