Crypto wallet Braavos has raised a $10 million in a funding round led by crypto-focused investment giant Pantera Capital. Other investors included Road Capital, BH Digital, DCVC, Crypto.com, Matrixport, and StarkNet creator Starkware, which itself was valued at $8 billion during a $100 million funding round in May. Source
The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have struggled, while others had to close shop. The crypto community felt the impact, mainly through many crypto firms, including Celsius Network, Three Arrows Capital, Voyager Digital, etc. The blockchain and artificial intelligence company, Core Scientific, is among the affected companies. While for some other firms, there were needs to reduce staff count and suspend withdrawals, Core Scientific is presently considering bankruptcy. Details On The Case The chances of…
Four days ago, the crypto rewards platform Freeway.io, formally called Aubit, halted withdrawals on October 23 after citing it was protecting the firm’s portfolio from “market fluctuations and volatility.” Two days later, the team updated the community and explained on Tuesday that “one of Freeway’s trading strategies appears to have failed and caused a substantial loss.” Crypto Rewards Company Freeway Updates Crypto Community After Halting Supercharger Buy-Backs The crypto rewards company Freeway.io was a platform that claimed to offer up to 40% annual percentage yield (APY) on “Supercharger” accounts. However,…
PGI Global UK has been shut down after allegedly scamming would-be investors of around $709,000 between July 2020 and February 2021. Source
A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well. According to its press release from Oct. 27, Q9 will establish a regional hub in Dubai and start providing services to qualified investors and financial service providers once it receives a full operating license. The provisional approval from VARA gives the crypto platform the legal possibility to set up offices and provide digital…
Asset management firm Stone Ridge, the parent company of Bitcoin company NYDIG, has launched the first startup accelerator that focuses on the Bitcoin Lightning Network and the Taro protocol, called In Wolf’s Clothing (Wolf). The accelerator consists of 8-week programs in which the best founders and startup teams from around the world will be brought to New York City, with accommodation and travel costs covered. The teams which apply and are accepted into the program will receive a guaranteed investment of $250,000. One team will be chosen by a panel…
Bitcoin and crypto payment services provider Bitpay has announced that the company now supports the Polygon (MATIC) network. According to the firm, Bitpay app users will be able to store, trade, and spend MATIC later this week, and the collectibles company Panini America will be Bitpay’s first merchant to accept MATIC payments. Bitpay Reveals Polygon MATIC Support Bitpay announced on Wednesday that the crypto payments processing company now supports the Polygon (MATIC) protocol. Polygon is a proof-of-stake (PoS) layer two (L2) Ethereum scaling network that launched in October 2017. In…
According to Apple’s latest guidelines for developers seeking to have their apps included in the App Store, crypto exchange applications should only facilitate the transfer of crypto funds to approved exchanges. Where payments are needed to unlock features or functionality, Apple says apps may only “use in-app purchase currencies.” Only In-App Purchase Currencies May Be Used In its updated guidelines for apps in the Apple App Store unveiled on October 24, Apple Inc. said crypto exchange apps “may facilitate transactions or transmissions of cryptocurrency on an approved exchange.” In addition,…
Soluna said it plans to use the proceeds for acquiring, developing and increasing data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software, real property and business, including but not limited to its development site in Texas. Source
Block continues to show heightened interest in the mining sector, despite a rising mining difficulty. Payments firm Block has put out job vacancies to bolster its mining team and wallet hardware business. According to the job announcements it recently posted on the networking platform LinkedIn, the firm is looking to fill in for the lead positions at its Bitcoin mining policy, communications, and partnerships departments. Payments Firm Block Keen on Expanding Its Mining Team According to a recent job advertisement by the firm which was posted on LinkedIn on Saturday,…