Month: June 2023

Arkon Energy Enters U.S. With Ohio Data Center Site Purchase, $26M in Fresh Funding

The company, which uses renewable electricity to mine bitcoin (BTC), also raised $26 million in fresh capital from Sandton Capital Partners, which it intends to use to fund an “aggressive expansion” into North America, according to an announcement shared with CoinDesk on Tuesday. That’s on top of the $28 million it raised in November, when it bought Hydrokraft AS, a renewable energy-based data center in Norway. Source

Latest Cardano Node Upgrade Goes Live on Mainnet

Epochs refer to the time periods on the Cardano blockchain. Each epoch lasts 432,000 slots, and each slot lasts 1 second – meaning a single epoch lasts roughly five days. ADA tokens are staked during these epochs during which new blocks on the Cardano network are produced. Source

Bitcoin enters the unknown zone, high volatility is expected

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) has been moving between $24,800 and $27,300 over the past two weeks when the US Securities and Exchange Commission (SEC) sued Binance and Coinbase. BTC, the largest cryptocurrency, took two major plunges on June 5 and June 15 but gained traction over the past week. It registered a 2.7% rise in the last seven days. Bitcoin is up by 1.3% in the past 24 hours and trading at $26,790 at the time of writing.…

Ninja Warriors Meta launching second presale round

Ninja Warriors has announced the launch of its second presale rounds for Ninja Warriors Meta.  Ninja Warriors’ presale The Ninja Warriors Meta presale phase offers early investors and gamers an opportunity to venture beyond the confines of conventional gaming and embark on an extraordinary journey into the future of blockchain gaming. Ninja Warriors meta introduces an unprecedented player-versus-player (PvP) combat game that integrates gameplay, play-to-earn mechanics, and non-fungible tokens (NFTs). With a departure from repetitive turn-based gameplay, the game strives to establish a benchmark for immersive blockchain gaming experiences. The game also provides…

Tokyo-based Mitsui Announces Strategic Partnership with Web3-focused Animoca Brands

The strategic partnership with Animoca Brands will help solidify Mitsui’s entrance into the Web3 industry that is slated to change global financial markets. Amid the growing blockchain need in Japan, Mitsui & Co Ltd (Japan: 8031), a Tokyo-based trading conglomerate with more than $114 billion in total assets, signed a memorandum of understanding for a strategic partnership with Hong Kong-based Animoca Brands to steer forward Web3 adoption in the country. According to the announcement, the two entities aim to create a new business through a strategic investment to focus on…

FTX Incurred More than $121M in Legal and Advisory Fees between February 1 and April 30

SBF is expected to return for a court hearing later this year, when all the investigations will be tabled for the judge to rule on the matter. The bankrupt cryptocurrency exchange FTX and its sister investment firm Alameda Research are nowhere near making the creditors whole again. With more than $8 billion missing from FTX and Alameda Research’s balance sheet according to John J. Ray III – the acting CEO – the court will not have a ride in the park dividing the remaining assets among hundreds of institutional investors…

INX and Republic Partner to Develop Blockchain Infrastructure for Improving Crypto Access and Expanding Tokenization

INX and Republic will integrate TradFi and DeFi into both their ecosystems to create increased tokenization access and global market trading. Financial services firm Republic has partnered with broker-dealer INX to develop a blockchain service for primary and secondary markets. The collaboration between both companies is part of an investment deal that sees Republic pump $5.25 million into INX. The transaction gives Republic 9.5% of INX’s outstanding shares. The investment was calculated at a $50 million pre-money valuation. The two companies have also agreed to a non-binding term sheet that…

IMF Is Working on Global CBDC Platform

The IMF project on the global CBDC platform is aimed at enhancing the efficacy of payment systems. The International Monetary Fund (IMF) has started working on a global CBDC platform as different countries race to create their central bank digital currencies. IMF Managing Director Kristalina Georgieva revealed the matter, noting the purpose of the project. She said that the aim of the global CBDC platform is to facilitate transactions between countries. It is no news that many countries, including Japan and China, are working on their central bank digital currencies.…

FTX incurs over $120m in advisor fees as bankruptcy costs mount

FTX, the bankrupt crypto exchange, faces significant legal and advisory costs, with filings revealing that fees and expenses between February 1 and April 30 amounted to $121.8 million. The data, compiled by The Block Research, shows that FTX’s lawyers at Sullivan & Cromwell billed the exchange $37.6 million during that period, representing 30.9% of the total fees and expenses. Restructuring consultants at Alvarez and Marsel charged $37 million, while investment banking firm Jefferies billed the lowest amount at 0.6% of the total fees and expenses. The expenses include various items…