Month: May 2023

Crypto VCs made $2.6B worth of deals in the first quarter of 2023

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While the crypto space still suffers a bear market, venture capital (VC) firms have still managed to make a number of deals at the start of 2023, proving that the space is very much alive even in what many would call a “crypto winter.” According to PitchBook’s Crypto Report for the first quarter of 2023, crypto companies were able to raise $2.6 billion across 353 investment rounds. While this proves that the space is still moving, it’s obvious that it’s not as strong as it used to be. The report…

French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin – Regulation Bitcoin News

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A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing a Ferrari using bitcoin. Clausi’s arrest and subsequent jailing came after a woman, who sold him a Ferrari for $440,000 in April 2021, filed a complaint against the crypto trader when the price of the crypto asset had dropped to just over $30,000. Crypto Trader Ordered to Pay Fine of $3.7 Million A 21-year-old Frenchman and crypto trader, Thomas Clausi, is currently serving a jail term in Morocco for allegedly…

Lufthansa, Eurowings, other travel industry players push forward with Web3

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After the recent launch of the Camino Network travel-focused blockchain, legacy travel companies are looking toward a Web3 future.  Cointelegraph spoke with executives at Europe-based airlines Lufthansa and Eurowings — two of the first companies to use the Camino Network — to understand how Web3 integrations bring this industry to its next generation. Johannes Walter, the head of channel partners at Lufthansa Group, said he believes “decentralization and tokenization” will create opportunities for new business models and relationships, “from building more direct, strategic partnerships and improving transparency to creating new revenue…

Gbitcoins – Providing Top-Notch Cloud Mining Services – Sponsored Bitcoin News

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sponsored Cloud mining is one of the newest, most innovative developments in the cryptocurrency space in recent years. It provides an affordable and more accessible entry point into the world of crypto mining. Various cloud mining sites have become popular as the demand for cryptocurrency mining grows. However, among the cloud mining sites that provides convenience, affordability, efficiency and flexibility, one name stands out – Gbitcoins Sustainable and Affordable Cloud Mining Services from Gbitcoins Founded back in 2016, Gbitcoins is a cloud-mining platform that has been gaining a reputation for…

Jack Dorsey-Backed Bluesky Goes Head-to-Head with Musk’s Twitter

While it remains unclear how the emerging decentralized social projects will generate profit, they keep getting more attention. Jack Dorsey-backed decentralized communications app Bluesky has positioned itself as a major rival to the popular social networking service Twitter. Bluesky, which has the support of the former Twitter co-founder, was founded in 2021 and hired its first employees in the same year. How is an established app with seasoned past and existing leadership and a massive user base facing new competition with Bluesky, which came to light about two years ago?…

ADA Scaling Node Hydra Goes Live on the Blockchain

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Venom To Launch A Blockchain Hub With Kenyan Government

Abu Dhabi, UAE, May 10th, 2023, Chainwire Venom Foundation has announced a strategic partnership with the Government of Kenya to establish a “blockchain hub” in Africa, focusing on the development of Web3 and blockchain technology applications. This collaboration aims to drive innovation in key sectors such as financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade, benefiting Kenya and the entire African continent. More than 84% of the Kenyan population have access to financial services through banks and fintech. However, with the implementation of blockchain infrastructure as a long term…

Alphabet (GOOGL) Shares Aim to Revisit ATH as Wall Street Remains Bullish on Google’s AI Venture

From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD. Alphabet Inc (NASDAQ: GOOGL) shares have strongly rebounded from 2022 lows YTD. As a well-diversified tech company that has invested billions of dollars in different economic sectors, its stock market is well-poised to revisit its ATH and beyond. However, it is the artificial intelligence (AI) venture through one of its subsidiaries Google LLC that has convinced its shareholders to remain bullish. During this year’s Google annual I/O Developers conference held on…