PrimeBlock didn’t give any reason for the termination of the merger. However, the crypto space as a whole has been under pressure amid falling prices, and that has caused pain in mining, squeezing profits among other things. Another miner, Gryphon Digital Mining, also recently terminated its own takeover deal with a SPAC, citing market conditions as one of the main reasons. Source
Ticketmaster previously partnered with Flow to mint 70,000 virtual commemorative ticket NFTs for Super Bowl LVI. Since then, Ticketmaster has minted more than five million NFTs on the Flow blockchain for its clients, including the Apollo Theater, Gavin DeGraw, The Black Crowes and Sebastian Maniscalco. Source
The New York-based firm has been hiring aggressively, even as the crypto market slides in what’s being called a crypto winter. Bitcoin, the largest cryptocurrency by market cap, has lost about 60% of its value this year and the total crypto market cap is around $980 billion, down from about $1.9 trillion at the start of the year. Source
Shah, the former head of asset management sales at JPMorgan and a 12-year veteran at the bank, joined Pantera at the start of July, CoinDesk reported. He said at the time he was “excited to partner with Dan Morehead, Joey Krug and the broader Pantera team to help take the organization to new heights!” Source
Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022’s tumultuous crypto market. Cleanspark’s Hashrate Surpasses 3 EH/S, Bitcoin Miner’s Executive Chairman Says Firm Was Prepared ‘for a Rough Market’ On Tuesday, the bitcoin mining operation Cleanspark (Nasdaq: CLSK) announced that the company’s hashrate has officially surpassed 3 EH/s. Cleanspark notes that the…
The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players. Singapore state-owned investment firm Temasek is joining a $100 million funding round for the blockchain and venture studio Animoca Brands, Bloomberg reported on Tuesday. According to the report, Temasek will lead Animoca’s financing round through convertible bonds. Both Animoca and Temasek are known for investing in major crypto firms. In March 2022, both companies participated in a $200 million funding round for the Australian…
Fireblocks connects to some 35 blockchain networks and works with an array of Web3 companies including Animoca, MoonPay, Xternity Games, Griffin Gaming, Wirex and Utopian Game Labs. The latest Solana integration uses WalletConnect V2, a protocol for bridging decentralized apps, upgraded to securely enable vault connections to non-EVM chain dApps, according to a press release. Source link
Kripto Maksima is one of 25 crypto exchanges registered with Indonesia’s Commodity Futures Trading Regulatory Agency, known as Bappebti. The regulator stopped issuing new registration certificates for crypto firms earlier this month, with the aim of making trading activities “transparent, efficient and effective,” Tech in Asia reported, referencing a Bappebti statement. Source
The Singapore-headquartered Lightnet said it will use the funds to boost Web3 and cross-border payments through the Velo protocol, and expand the protocol’s technology. The firm has the option increase the total commitment to up to $100 million over the next three years. Source
Ripple CEO Brad Garlinghouse took to Twitter to deny recent explosive claims made by Crypto Leaks, an online publication focusing on corruption and fraud-related news in the crypto ecosystem. Crypto Leaks published a report on Friday containing a series of short videos from an unknown source. The report claimed that Ava Labs formed a secret pact with the law firm to use the American legal system “gangster style” to “attack and harm crypto organizations.” The same report also alleged that Ripple CEO Brad Garlinghouse funded a law firm to target competitor…