Day: March 21, 2022

Data provider The TIE valued at $100M following Series A

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Digital asset analytics provider The TIE has closed a strategic investment round backed by some of blockchain’s most prominent investors, underscoring heightened demand for crypto data and software services.  The TIE raised $9 million in Series A funding at a valuation of $100 million, making it one of the largest crypto analytics services in the market. The funding round was led by Blizzard, an Avalanche-focused investment fund, with additional participation from executives at Golden Tree Asset Management, Nexo, Gemini, Frontier Fund, Republic Capital, Hudson River Trading and New York Digital…

Goldman Sachs completes first OTC crypto options trade with Galaxy

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American investment bank Goldman Sachs continues to expand its cryptocurrency trading expertise by executing its first-ever over-the-counter (OTC) crypto options trade. Goldman Sachs executed its first OTC crypto transaction in collaboration with the trading unit of Michael Novogratz’s cryptocurrency investment management firm Galaxy Digital. According to a joint announcement on Monday, the OTC transaction was in the form of a Bitcoin (BTC) non-deliverable option, representing one of the first OTC crypto transactions by a major bank in the United States. “We are pleased to have executed our first cash-settled cryptocurrency options…

Poloniex To Partner with Fantom Foundation

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Poloniex, a global cryptocurrency exchange, has announced its collaboration with the Fantom Foundation to facilitate the general advancement of its ecosystem. The cryptocurrency exchange aims to support the blockchain by availing more resources to develop more decentralized projects and applications on the Fantom platform. Also, the exchange will back the foundation through the provision of listing, technical knowledge publications, and anchoring exclusive campaigns. According to Poloniex General Manager Shaun Scovil, Poloniex strives to contribute to building the industry. It’s committed to assisting developers and protocols in unleashing their potential. In…

Indian crypto tax policy to treat each digital asset investment independently

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Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new parliamentary note answering queries about the new tax policies on virtual digital assets suggests that traders can’t offset their losses from one digital asset against profit on another. As the new tax policy waits for April 1 to come into effect, many experts claim the latest clarification from the government is a death knell for traders. The crypto tax policy of the government expects traders to treat…

What does it mean for the industry?

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Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP).  A last-minute amendment presented by an ad hoc coalition of social democrats and Greens would have established a de facto ban on proof-of-work mining — the type of consensus mechanisms used by native cryptocurrencies like Bitcoin (BTC) and Ether (ETH) — has been decisively rejected. The crypto community can breathe easily, but some still worry that the industry’s…

How To Mine Green Bitcoin And Make Money Off Clean Crypto | Forbes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Growing up in rural western Pennsylvania in the early 1970s, Bill Spence played with his pals on piles of coal waste, oblivious to the toxic heavy metals right under his feet. After working as an oil industry engineer out west, he returned home in the 1990s and found the piles—known as “gob,” for “garbage of bituminous”—still pockmarking the landscape. The present worry is that these unlined pits are leaching deadly carcinogens into the groundwater—or, worse, that they will catch fire and start…

Better Graphics And More Intense Gameplay Promise To Revolutionize Play-To-Earn Gaming

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Play-to-earn games like Axie Infinity exploded in popularity during the COVID-19 pandemic, giving thousands of video games enthusiasts in low-income countries like the Philippines a chance to earn a living. The rise of P2E was a godsend for many, because in the Philippines its gross domestic product declined 9.6% in 2020, its biggest drop in more than 70 years, according to a study by IHS Markit. With so many Filipinos finding themselves out of work, thousands flocked to P2E games. Axie Infinity’s team reported in March 2020 that more than…

Despite Rocky Beginnings with Hoskinson, Cardano Is Shaping Up to Have an Interesting Year

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The Cardano blockchain ecosystem is one of the most exciting projects to currently follow, with new projects, advancements, and innovations being announced every single day. Yet, not everything that’s connected to this product is falling into a favorable light in the media. In fact, it has recently become apparent that those in-charge of Cardano might not be as honest as the public once thought. Charles Hoskinson, the creator and CEO of Cardano, has repeatedly tweeted about how he was enrolled in a Ph.D. program in Number Theory, but never finished…