Blockchain Coinvestors has more than $450 million in assets under management. Source
Early Wyre Backer Launches $200M Fund for ‘Mid-Growth’ Crypto
Month: May 2022
Luna Foundation Guard further bolsters stablecoin reserve by raising $1.5 billion in bitcoin
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images The Luna Foundation Guard has acquired $1.5 billion in bitcoin to bolster the reserves of its most popular stablecoin, known as U.S. Terra. Stablecoins are cryptocurrencies that aim to peg their market value to a more stable asset. This latest transaction by the Luna Foundation Guard brings it closer to its goal of accumulating $10 billion of bitcoin to back the U.S. Terra…
Cometh Raises $10M to Boost Blockchain Game Adoption
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…
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Crypto Mining Rig Maker Canaan Added to SEC List of Scrutinized Chinese Companies
The firm has until May 25 to dispute its inclusion on the list, which could eventually see it delist from the Nasdaq. Source
India’s Parliamentary Finance Body ‘Chides’ Crypto Industry in Meeting: Sources
“It’s the same old thing,” said the source. “That’s what we chided the industry for. We are sick and tired of hearing advocacy, advocacy. Because they have to address the challenges that the government is putting forth, right? Plans, mitigation measures or some kind of thing. I think that would go a long way.” Source BodyChidesCryptoFinanceIndiasindustryMeetingParliamentarySources CryptoX Portal
Paradigm, A16z Back $12M Round for Blockchain Game Platform LootRush
Popular play-to-earn game Axie Infinity is currently the only game available to play on LootRush. Users can create an account quickly with a username and password, select the playing program that best suits their needs and then pay a small entry fee and, if desired, the NFT rental fee using a payment card. The platform plans to roll out additional titles throughout the year, including CryptoKitties and NBA Top Shot. Source link
Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’
Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Nasdaq drops 4% on post-Fed open Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it returned to $38,130 on Bitstamp almost 24 hours after reaching weekly highs of $40,050. The move came courtesy of highly-correlated U.S. stock markets, which opened with volatility after posting their own short-lived gains after comments from the Federal Reserve on May 4. At the…
Crypto Industry Leader Bitcoin.com Secures $33.6 Million in VERSE Token Private Sale – Promoted Bitcoin News
On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This week, Bitcoin.com revealed that it has completed a private sale of its VERSE token and raised $33.6 million from participating investors. For over seven years, Bitcoin.com has been an industry leader when it comes to…
A Beginner’s Guide to Buying a Rad Rabbits NFT
As Rad Rabbits gears up to launch its second series of its NFT collection on OpenSea, one popular question looms: How do you buy an NFT? Here is a step by step guide on how you can go down the rabbit hole and purchase a Rad Rabbits NFT. Step 1 – Setting Up a MetaMask Digital Wallet – (where your NFTs are stored) Here is where you can create your MetaMask wallet https://metamask.io. First download the chrome extension if you want to create a wallet on a desktop or download…