Day: January 11, 2023

Abu Dhabi-based Venom Foundation creates $1B Web3 and blockchain fund.

Venom Foundation, which operates as a blockchain platform and is based in Abu Dhabi, and Iceberg Capital, which operates as an investment management firm and is based in New York, recently made the announcement that they would work together to provide Web3 and blockchain companies with funding in the amount of one billion dollars. The Venom Ventures Fund plans to make investments in protocols and decentralized applications (DApps) for the Web3 platform that focus on payment processing, asset management, decentralized finance (DeFi), and gaming finance (GameFi) products and services. Iceberg…

Digital Currency Group CEO Barry Silbert Responds to Accusations by Gemini’s Cameron Winklevoss With Shareholders Letter – Bitcoin News

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Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to step down as CEO. Silbert shared his letter on Twitter and said he had been reflecting deeply over the past year on the state of the cryptocurrency industry and its direction. Digital Currency Group CEO Barry Silbert Releases Shareholders Letter On Tuesday, Digital Currency Group CEO Barry Silbert wrote…

Nigerian innovator launches first active Bitcoin Lightning node in the country

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A Bitcoin Lightning Network node (BTC) has struck the earth in one of the most challenging operating environments. Lagos, the capital of Africa’s most populous country, Nigeria, welcomed a new Bitcoin Lightning node this week, a vital step to better connect the continent to the layer-2 payments network atop Bitcoin, the Lightning Network (LN).  The node runs on an old laptop powered by a diesel generator as Lagos regularly experiences energy and electricity blackouts. Megasley’s diesel generator and laptop running the node. Source: Megasley  In a discussion with Cointelegraph, Megasley,…

How IDO Launchpads Are Changing Crypto Landscape

IDOs will continue to shape the future of the crypto industry by offering a more inclusive and democratic alternative to traditional fundraising methods, providing a faster way to secure funding and get listed, and driving innovation and increased adoption. The use of launchpads in the crypto sphere has been on the rise as they act as a stepping stone for new projects to gain traction and secure funding. In this article, we will delve into the significance of IDO launchpads, the benefits they offer, as well as their potential long-term…

Crypto Market Will See A Bloodbath If Ripple Loses To SEC

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In recent days, a heated discussion has arisen between prominent journalist and Fox Business host Charles Gasparino and the Ripple / XRP community. Gasparino voiced that the US Securities and Exchange Commission (SEC) had legitimate reasons why they targeted and sued Ripple prior to FTX. Even Ripple’s legal counsel Stuart Alderoty took a stand and rejected the arguments, as Bitcoinist reported. Meanwhile, the Fox Business host did clarify that he has no idea who will win the lawsuit. He even admitted that the judge’s comments “initially indicated she would side…

FTX has recovered over $5B in cash and liquid crypto: Report

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According to an attorney familiar with the matter, troubled cryptocurrency exchange FTX has “recovered $5 billion in cash and liquid cryptocurrencies.” However, the exchange is still “working to rebuild transaction history,” and the total amount of customer shortfall is “still unclear.” Cointelegraph previously reported that FTX has $8.8 billion in total liabilities. At the time, sources said the exchange had very little in cash and liquid digital assets, amounting to an estimated $8 billion hole in its balance sheet.  Cast your vote now! Sam Bankman-Fried, the disgraced founder of FTX,…