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Day: August 25, 2022
Market Wrap: Bitcoin Price Barely Budges as Traders Await Powell Speech
Bitcoin traded sideways on Thursday as Fed officials speaking during the first day of the central bank’s Economic Symposium were circumspect about an interest rate hike in September. This article originally appeared in Market Wrap, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Source
FTX Ventures and Alameda Research Merge Crypto VC Business: Report
FTX Ventures raised $2 billion in funding in January and the absorption of Alameda began around the same time. The transition didn’t come with any financial payments to Alameda, which operates as a separate entity from the FTX exchange, the article said. Source AlamedaBusinessCryptoFTXMergeReportResearchVentures CryptoX Portal
Coinbase, whose CEO called most politics a ‘distraction’, launches voter registration tool
Coinbase, a crypto exchange whose CEO previously said it doesn’t “advocate for any particular causes or candidates internally that are unrelated to our mission,” has launched a voter registration portal as part of a crypto policy education initiative. In a Thursday blog post, Coinbase chief policy officer Faryar Shirzad said the crypto exchange will offer users the opportunity to register to vote in the United States through a Capitol Canary website. According to the policy head, the voter registration tool was part of an initiative aimed at giving the crypto…
FTX Ventures Denies Report That It’s Merging With Alameda Research’s Crypto VC Business
“The two entities, Alameda and FTX Ventures, did not merge,” Wu told CoinDesk via Telegram. “Sam decided to launch FTX Ventures as a new fund and investment strategy [at the] beginning of the year because we felt there was a great opportunity to support entrepreneurs in the space our own way.” Source
3 reasons why Binance Chain (BNB) rallied 66% since the crypto market crashed
BNB, the native token of Binance’s BNB Chain , has bounced 66% from its $183 low in mid-June. The move consolidates its position as the third-ranked cryptocurrency (when stablecoin market caps are removed) and reflects a $50 billion market capitalization. BNB has outperformed the broader altcoin market capitalization after a devastating 73% correction that began in November 2021. BNB token at FTX (blue) vs. Total market cap ex-BTC (orange). Source: TradingView The above chart displays how this smart contract blockchain network suffered during the recent market collapse and how similar…
World’s Largest Crypto ATM Company Bitcoin Depot to Go Public via SPAC Deal – Bitcoin News
The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq. Bitcoin Depot Reveals SPAC Deal With GSRM, Post-Transaction BTM Secures Equity Value of $885 Million On Thursday, the U.S.-based crypto ATM operator Bitcoin Depot announced that the company will soon be a publicly-listed firm after merging with the blank check company GSR II Meteora…
Bitcoin Mining with USB Bitcoin Miners for under $150 in 2022 – Can they still make money?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello, friends! Let’s talk about Bitcoin Mining with USB Bitcoin Miners for under $150 in 2022 – Can they still make money? Do bitcoin miners still make sense at all as bitcoin price is moving in early 2022? Can USB bitcoin miners still work? Let’s talk about why USB bitcoin miners aren’t the most profitable, but can have other considerations. #bitcoinmining #bitcoin #bitcoin2022 This video reflects my opinion only; numbers and data are approximate and may become inaccurate as time passes.This video…
Web3 Workplace Platform Coordinape Launches Decentralized Compensation Tool for DAOs
Now, Coordinape users, in addition to deciding compensation, can frictionlessly execute rewards for contributors on-chain automatically, which minimizes the time spent on administrative operations. CoVaults also coordinates compensation for digital organizations by including fixed payments for salaries, recurring grants and even universal basic income. Source
Binance, FTX Among Crypto Players in Hunt to Buy Bankrupt Voyager Digital’s Assets as Coinbase Backs Out: Sources
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