Day: January 19, 2022

Spellfire Oversubscribed Twice, a Staggering $3.8M Raised

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Spellfire Re-Master the Magic, a modern take on classic collectible card games, has completed its private funding round, raising a staggering $3.8 million. Leading investors DAO Maker and Shima capital, are joined by Genblock, IBC group, Faculty group, IBA, Maven Capital, Autonomy Capital, Terranova ventures, x21 Digital and others who initially funded the project, and interest has since skyrocketed past all initial funding goals. The project is now close to being oversubscribed twice, marking a huge success for Spellfire’s development team, and leaving many of the industry’s top VC investors…

Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block

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A solo Ethereum miner has just gotten what could be described as the lucky break of a lifetime after mining a single ethereum block that netted them a reward that ran into the hundreds of thousands of dollars. While ethereum’s mining difficulty is not as high compared to bitcoin, it is still a difficult, energy and computationally intensive process that discourages the average person. However, a lot of solo miners remain in the ethereum ecosystem and continue to make a profit from their mining activities. Although not all of the…

Coinbase Wallet Tutorial – Die BESTE Krypto & NFT Wallet für Einsteiger?

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US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate – Economics Bitcoin News

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America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive coronavirus relief spending by Congress. Furthermore, a new decentralized method of measuring inflation has been introduced called Truflation, a tool that provides a “daily, unbiased, data-driven, real-market inflation rate.” Rand Paul’s Inflation Report Uncovers the…

Gemini Introduces Prime Brokerage Following Second Acquisition in a Week

Crypto exchange Gemini is introducing a prime brokerage following the acquisition of trading technology platform Omniex less than a week after it bought digital-asset management company Bitria as it looks to attract more institutional investors. Terms for the Omniex acquisition announced Wednesday were not disclosed. Omniex provides order, execution and portfolio management services for institutional crypto traders. The acquisition comes less than a week after the crypto exchange founded by Cameron and Tyler Winklevoss acquired digital asset management startup Bitria to expand its ability to manage clients’ portfolios from a…

Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst

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Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset.  While the Fed is planning to raise interest rates to fight inflation, risk-on assets like crypto may suffer, as people would likely prefer to invest in fixed-income assets like bonds. While this trend may represent a short-term hurdle, McGlone said he is confident that Bitcoin will still appreciate significantly in 2022: “Bitcoin is in a unique phase, I think, of transitioning from a risk-on…

FTX US Derivatives Names Former LedgerX Chairman Larry Thompson as Board Chair

CryptoX – Cryptocurrency Analysis and News Portal Additional board members named were FTX US Derivatives CEO Zach Dexter, who previously served as CEO for LedgerX; Managing Director and Head of Diverse Talent Management and Advancement at DTCC Keisha Bell; Avanti CTO Bryan Bishop; Trader at Grapefruit trading Joe Keefer; President of Baton Systems Jerome Kemp; VP and Deputy General Counsel at Robinhood Lucas Moskowiz; Global Head of Strategy for Digital Assets for the Susquehanna International Group of Companies; and Head of Policy and Regulatory Strategy at FTX US Mark Wetjen.…

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What Is KYC and Why Does It Matter for Crypto?

KYC means “know your customer.” It refers to a financial institution’s obligation to carry out certain identity and background checks on its clients before allowing them to use its product or platform. It is part of a broader set of measures that regulators around the world use to fight money laundering. In other words, it stops bad actors from hiding the illicit source of their money behind legitimate financial activity. KYC clashes with crypto exchanges KYC is one of the biggest regulatory hurdles that crypto firms have had to clear…