Category: Blockchain

Why Is Bitcoin Miner Argo Blockchain Suspending Trading On NASDAQ?

Argo Blockchain, a Bitcoin mining and technology company, has been making desperate attempts to parry the effects of high energy costs and falling BTC prices – both kryptonites to its business. In fact, during the early days of December, the company admitted it is crossing its fingers to avoid filing for Chapter 11 Bankruptcy by engaging in what it termed as advanced negotiations. On the other end of the negotiating table is an unnamed party Argo Blockchain hopes will support its business as it is dealing with insufficient funding to…

Argo Blockchain sells top mining facility to Galaxy Digital for $65M

Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market. Argo Blockchain CEO Peter Wall officially announced on Dec. 28 a deal with Mike Novogratz’s crypto investment firm Galaxy Digital to sell Helios facility for $65 million. Argo has already been cashing its mined Bitcoin (BTC) to reduce the loan to Galaxy. Additionally, Galaxy will also provide Argo with a new $35 million equipment finance loan to help the troubled miner reduce its debt. “We’ve…

Argo blockchain suspends trading on NASDAQ due to upcoming announcement

Bitcoin mining firm Argo blockchain has suspended trading of its American depositary shares (ADS) on NASDAQ, according to a Dec. 27 press release. The company says that it needed to suspend trading because of an announcement that will come on Wednesday morning and because the London Stock Exchange is closed on Tuesday. Argo says that it expects shares to resume NASDAQ trading on Wednesday. At our request, @Nasdaq temporarily suspended trading of Argo’s ADSs and unsecured notes for today – Tues Dec 27. We’ll be making an announcement tomorrow (Dec 28)…

Astar Network Named ‘Product of the Year’ At the JBA Annual Blockchain Award

Tokyo, Japan, 23rd December, 2022, Chainwire Astar Network, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association. Astar Network’s founder and CEO Sota Watanabe bagged the Person of the Year award for the second consecutive year at the same event. Both Astar Network and Sota Watanabe emerged as the favorites of the Japanese Web3 community in a survey conducted by the Japan Blockchain Association (JBA). The JBA is the largest blockchain association in Japan,…

The most eco-friendly blockchain networks in 2022

2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness among investors, and rising government concerns about energy consumption in the crypto sector. Among the most notable eco-friendly crypto developments in 2022 was the transition of the Ethereum blockchain from a proof-of-work (PoW) to proof-of-stake (PoS) consensus layer. The Merge, completed in September, joined the original execution layer of…

Deso Blockchain Crosses 2 Million Accounts Amid Elon Musk’s Twitter Revamp

Takeaways Elon Musk posted a poll asking if he should step down as CEO due to backlash from a recent policy change that stated that rival social networks could not post on Twitter People immediately began calling for decentralized alternatives as a solution to current centralized social media platforms The DeSo Blockchain, a custom-built layer-1 designed for the scalability of decentralized social applications for millions of users, recently crossed 2 million accounts and 130,000 MAUs This comes at a time when data points hint at Elon…

Can blockchain solve the ownership debacle over AI generated art?

Web3 and emerging technologies have been pushing the boundaries of art distribution, ownership and engagement with fans. However, not all of the recent developments are welcomed by the art community, especially when it comes to artificial intelligence (AI). Recently, AI-generated art has sparked a major debate around ownership after a smartphone app went viral which created AI-generated portraits. The debate around ownership of intellectual property (IP) rights is similar to those seen in the film and music industries. However, developers in the emerging tech space say blockchain technology can provide…

Waves Blockchain Founder Asks Exchanges to Delist WAVES Token Derivative Trading

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Blockchain VC funding surpasses 2021 total despite declining since May

It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain venture capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have…

Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…