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Month: January 2023
Blockchain fintech GammaRey signs $320M merger agreement
According to an announcement on Jan.3, blockchain fintech firm GammaRey signed a merger agreement with financial e-commerce and consumer data analytics company GoLogiq. Both companies are based in the U.S., while GoLogiq focuses on customers in Southeast Asia. As stipulated by the terms, GoLogiq will issue $320 million in common stock to acquire 100% of GammaRey’s outstanding shares. The transaction is anticipated to be completed within the next few weeks, subject to conditions. As told by the two parties, the merger aims to “focus on the high-growth market of wealth management…
Bitcoin Mining: A Positive or Negative Indicator for the Future of Crypto?
Bitcoin Mining: A Positive or Negative Indicator for the Future of Crypto? Original
The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how
When it comes to the “crypto” part of cryptocurrencies, David Chaum’s work predates the crypto ecosystem. His efforts as a renowned cryptographer date back to 1989, long before Bitcoin (BTC) was a thing. Chaum developed the protocols that act as the basis of DigiCash — the world’s first digital currency secured by cryptography. As the CEO of privacy-focused network developer Elixxir, David Chaum is working with the Swiss central bank to develop a central bank digital currency (CBDC) that could also attract the crypto ecosystem due to its privacy features.…
Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks – Market Updates Bitcoin News
After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since their launch in September 2022, the two newly introduced Ethereum forks that use a proof-of-work (PoW) consensus algorithm have seen significant value loss. Ethereum itself made the transition from PoW to proof-of-stake (PoS) on Sept.…
Crypto Exchange Upbit Strikes Deal with Italian Football Club Napoli
Upbit, a South Korea-based cryptocurrency exchange, has signed a back-of-shirt partnership agreement with Italian football club SSC Napoli. The deal will remain active until the end of the 2023/24 season of the Series A and Coppa Italia football contests. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! Speaking on the deal, Tommaso Bianchini, Napoli’s Chief International Development Officer noted that the partnership is evidence of the club’s positive inclination towards the…
Previewing FTX Founder Sam Bankman-Fried’s Not Guilty Plea in Court
To recap: Sam Bankman-Fried was arrested last month in the Bahamas at the behest of U.S. authorities, who later revealed they had indicted the FTX founder and former CEO on eight different charges: conspiracy to commit wire fraud on customers, wire fraud on customers, conspiracy to commit wire fraud on lenders, wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering and conspiracy to defraud the U.S. and violate campaign finance laws. Source
The Next Web3 Community Building Innovation of 2023: BULLZ Challenges
Place/Date: Singapore – January 3rd, 2023 at 5:52 pm UTC · 3 min read Source: WOM Protocol Pte. Ltd. While airdrops have long been one of the most popular marketing methods for web3 projects to incentivize early adopters, WOM Protocol has announced a new airdropping tool, BULLZ Challenges to airdrop tokens as rewards for actual community participation. The BULLZ Challenge Launchpad states to “make airdrops fun”, by enabling web3 projects and creators to airdrop NFTs or tokens to their communities in return for any defined actions, called a “Challenge”. With…
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Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis
According to a recent report by Hash Rate Index, publicly-listed Bitcoin (BTC) miners took on more than $4 billion worth of debt during the run-up to the crypto bull market. Mesmerized by rising prices, industry rushed hand over fist to purchase Bitcoin application-specific integrated circuits miners on easy credit. However, in today’s context of Bitcoin price collapse, skyrocketing electricity prices, lower market prices for mining rigs, and record-level mining difficulty, 2022 became an extremely difficult year for sector players. That said, some are holding on better than others. Top 10…