Arkham has raised over $10 million from two rounds of equity financing with the latest equity round at $150 million, according to Binance’s research page. Whilst 5% of token supply is allocated to the token sale, 20% will go to core contributors, 17.5% will go to investors and 17.2% will be put towards the foundation treasury. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prime, the drinks brand co-founded by YouTube stars Logan Paul and KSI, is currently under fire in the US due to concerns surrounding the elevated levels of caffeine in its energy drink. US Senate majority leader Chuck Schumer has called upon the Food and Drug Administration (FDA) to launch an investigation into Prime Energy for allegedly targeting children with its marketing, despite containing nearly double the amount of caffeine found in a Red Bull. Although the…
Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently. Coinbase (COIN) stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm for allegedly offering unregistered securities. According to data from TradingView, Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly…
According to a survey by the Bank for International Settlements (BIS), 93% of central banks are already researching central bank digital currencies (CBDCs), and there could be up to 15 retail and nine wholesale CBDCs in circulation by 2030. Published on July 10, the survey of 86 central banks was conducted from October to December 2022. It asked central banks whether they were working on a retail, wholesale or both types of CBDC, how advanced the work was, and their motivations. There could be as many as 24 live CBDCs…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin mining activity is increasing globally as market participants pump fresh capital into their businesses. While the leading United States-based bitcoin (BTC) miners, such as Marathon Digital Holdings, recorded a significant decrease in their BTC output during June due to unfavorable weather conditions, that narrative changed for the better in July. Per data released by Hashrate Index, a resource for bitcoin mining data and more, bitcoin’s 7-day and 3-day hashrate reached new all-time highs over the…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin enthusiasts have a unique opportunity on Binance.US, where the popular cryptocurrency is sold at a substantial discount of nearly $3,000 compared to global spot prices. Known as a “depeg,” this unusual circumstance has captured the crypto community’s attention. Bitcoin’s price on Binance.US, in U.S. dollars, as of July 10 was $27,753. In comparison, bitcoin’s current spot price worldwide is $30,147, representing a difference of over 8.5%. Bitcoin price on Ethereum is trading $200 cheaper on…
In a stunning turn of events, former NFL quarterback Tom Brady faces financial turmoil after losing a staggering $30 million in the collapse of cryptocurrency giant FTX. The now-worthless shares were part of Brady’s arrangement with FTX in 2021 when he was still an “ambassador” for the firm. Gisele Bundchen, his ex-wife, lost $18 million on worthless stock investments. Since FTX declared bankruptcy in November last year, Brady has suffered significant financial losses and faces legal trouble due to the company’s demise. After divorcing in October, Brady and Bundchen are…
Ethereum co-founder Vitalik Buterin believes the Bitcoin network needs scalable solutions like the zero-knowledge (ZK) rollups to become more than another payment network. Buterin’s comments came during a Twitter space hosted by Bitcoin developer Udi Wertheimer with discussions revolving around Ethereum’s scaling experiments. A ZK-rollup chain is an off-chain protocol that operates on top of the Ethereum blockchain and is managed by on-chain Ethereum smart contracts. It offers a more scalable and faster way to verify transactions without sharing critical user information. The Ethereum co-founder shed light on how Ethereum…
The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel. Source
Switzerland has long been a haven for the wealthy due to its well-established banking secrecy laws, but its citizens have warmed quickly to the self-sovereign ideals behind Bitcoin (BTC). Giw Zanganeh, head of Lugano’s Plan ₿ initiative, highlighted the growing use of Bitcoin for everyday payments in the Swiss city in conversation with Cointelegraph journalist Joe Hall at the Plan ₿ Bitcoin Summer School. Giw Zanganeh, head of Lugano’s Plan ₿ initiative, chats to Cointelegraph’s Joe Hall at the Plan B Summer School in Lugano. Lugano has emerged as an…