Month: June 2023

More institutions will soon embrace bitcoin, report says

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto industry has witnessed a massive bear storm over the past 18 months as high inflation threats finances. Despite the red market conditions, a recent report by CryptoQuant suggests that Bitcoin’s (BTC) institutional adoption is on the rise. For instance, top fintech companies have accumulated significant BTC amounts over the past three years. According to the report, Microstrategy’s bitcoin purchases are worth almost $4 billion, while the BTC price is still down by 55% from…

‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate

“It is time to end all of this,” the creditors’ filing said, adding that, unlike other cases of alleged crypto wrongdoing, such as Sam Bankman-Fried’s FTX, “BlockFi customers do not yet know their story, and this is facilitating case mischief … It is time for the Court to order an end to the burn and, thereby, end the extortion tactics.” Source

Sony Network invests in Japanese Web3 startup to spur mass adoption

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Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.  On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3. The partnership will push Startale’s development of Web3 services and products, including its mission to create all-in-one solutions for Web3 development and focus…

Sony Network Communications Invests $3.5M in Singapore Web3 Company Startale Labs to Explore Blockchain Technology Solutions

“I am excited to strengthen further our collaboration with Startale Labs, a company with advanced Web3 technologies and expertise. We have already been cooperating with Startale Labs by jointly hosting incubation programs, aiming to promote the development of Web3,” Jun Watanabe, President and Executive Officer of Sony Network Communications, said in a statement. Source link

Bitcoin cash gaining traction, DigiToads presale raises over $5.7 million

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The world of cryptocurrency is constantly evolving, with new trends emerging regularly. Bitcoin, a decentralized digital currency, has gained significant global investment. However, Bitcoin Cash has also made a name for itself as a convenient and affordable medium of exchange. Its supporters strive to make it user-friendly. Bitcoin Cash was created through a hard fork of Bitcoin, meaning they share a common code base and transaction history. With increasing adoption and better scalability, Bitcoin Cash is…

Israel has Seized Millions in Crypto From Iranian Military and Hezbollah: Report

“This is the first incident of this magnitude,” the report said, quoting Gallant. “We have effectively cut off the flow of terror funds via this channel.” He also alleged that Iran’s military and Hezbollah relied on virtual currency to finance their militant activities, according to the report. Source CryptoHezbollahIranianIsraelMilitaryMillionsReportSeized CryptoX Portal