The term loan from Silvergate Bank can also be used for general corporate purposes. Source
Day: March 29, 2022
Coinbase Set to Close Deal to Acquire 2TM, Parent Company of Latam’s Biggest Exchange, Mercado Bitcoin – Bitcoin News
Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America (Latam). The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase expand its operations to Brazil. Coinbase Targets Expansion With 2TM Acquisition Coinbase, one of the first cryptocurrency exchanges traded on traditional stock markets, is aiming to expand its operations to Latam through purchases.…
Build OpenSea Blockchain Web 3.0 App with Next.js | Sanity.io | thirdweb
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this tutorial, you’re gonna be building the Opensea Blockchain Web 3.0 App using Next JS, Sanity.io, thirdweb, Tailwind CSS, and Vercel 🔥 Get early access to thirdweb 👉 Get the free boosted plan with Sanity 👉 🗄️ Link to the assets: @Coder Coder How to Make a Background Image Transparent in CSS 👉 🔗 GitHub Repo: You’ll be learning about: 👉 Building a Web 3.0 Application with Next JS 👉 Styling your app using Styled Components 👉 Create and mint your…
Bitcoin Helps Market Hover Past $2 Trillion As BTC Nears $48,000
Bitcoin and other cryptocurrencies appear to be gaining traction, as the first quarter winds down. Crypto has reached the $2 trillion threshold and is proving surprisingly resilient in the face of global uncertainty. As of Tuesday, Bitcoin has totally recovered from its early-year losses. BTC fell from $47,733.40 to $35,070.10 in the first 30 days of the year and has since failed to regain ground. At Monday’s all-time high of $47,765, market leader bitcoin broke free from the confined $34,000-$44,000 bracket it had been trading in for the majority of…
Crypto donation startup launches IRS form as US tax season loom
Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations. The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday. According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar, while donors must file Form 8283 with their tax return for the donation of…
Ether’s Net Issuance Points to Supply Squeeze Ahead; Waves Hits Record High
WAVES, the native cryptocurrency of Waves blockchain, which enables users to create and launch custom digital tokens, surged over 50% to a new record high of $52. The surprise launch of Waves Labs, a U.S-based venture to support, develop and incubate commercial opportunities for the Waves blockchain, likely lifted the token higher. Source
Tokens take the runway at Metaverse Fashion Week
The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more than 70 brands, artists and designers including big names like Tommy Hilfiger, Estée Lauder, Philipp Plein, Selfridges and Dolce & Gabbana. Gigi Graziosi Casimiro, head of Decentraland’s Metaverse Fashion Week, told Cointelegraph that MVFW is…
Hedera, Newly EVM-Compatible, Woos DeFi With $155M HBAR Fund
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Binance Upgrades Blockchain Bridge to Connect DeFi and CeFi
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…
Blockware Solutions Builds 20MW Bitcoin Mining Data Center in Kentucky
“It is my hope that a region known for mining coal will now benefit from this different type of mining,” Kentucky State Representative Angie Hatton said in the statement. “It means a lot to see Blockware Solutions invest here and create these jobs, and I also hope that its significant electricity needs will help stabilize our steep residential rates,” Hatton added. Original