Tag: News

MATIC Rallies, Hitting Fresh 10-Month High – Market Updates Bitcoin News

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Polygon has extended recent gains, with prices climbing to a fresh ten-month high during Friday’s session. The token has now risen for a fourth consecutive session, and is up 13% from the same time last week. Polkadot also rallied on Friday, colliding with a key resistance level in the process. Polygon (MATIC) Polygon (MATIC) rose for a fourth consecutive session on Friday, pushing prices to a fresh ten-month high. Following a low of $1.36 on Thursday, MATIC/USD rallied to an intraday high of $1.48 earlier in today’s session. The move…

Unstoppable Domains and Crypto Browser Opera Widen Scope to Offer Accessible Web3 Identity System – Blockchain Bitcoin News

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Opera, the Web3 browser, and Unstoppable Domains, the non-fungible token (NFT) domain provider, have announced that users can now access all domain endings, including .x, .crypto, and .nft, across Opera’s browsers. Additionally, Opera and Unstoppable are offering a free .nft domain that matches an Opera user’s Twitter handle after account verification. Opera Expands Web3 Capabilities With Access to Polygon Domains Unstoppable Domains, the crypto domain provider, and Web3 browser Opera announced the firms are expanding their partnership to support all Unstoppable top-level domains, including .nft, .crypto, .wallet, and .x. The…

BTC Falls Below $25,000 Following Recent Surge – Market Updates Bitcoin News

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Bitcoin fell below the $25,000 mark on Friday, as markets moved into consolidation, following recent gains. Prices fell by almost $1,700 in the last 24 hours, with the global cryptocurrency market cap down 1.89% as of writing. Ethereum also dropped, after breaking into the $1,700 level on Thursday. Bitcoin Bitcoin (BTC) fell sharply below a high above $25,000 on Friday, as crypto markets moved into consolidation. BTC/USD dropped to an intraday low of $23,460.76 during today’s session, which comes a day after hitting a high of $25,134.12. The sell-off seems…

Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs – Mining Bitcoin News

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Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm’s fleet. Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency Cleanspark, the publicly listed bitcoin mining firm (Nasdaq: CLSK), has announced that it acquired 20,000 Antminer S19j Pro+ units for $43.6 million. The company stated that it used coupons that saved it 25%, bringing the total price down to…

GloryFinance and Korean Technology Venture Capital Sign a $3.5m Seed Round Investment Agreement – Press release Bitcoin News

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press release PRESS RELEASE. Early Jan 2023, in GloryFinance’s Development office, the Project’s Core team and representatives from one of the top Korean Technology Venture Capital has signed in a seed round funding investment agreement with a value confirmed to be USD 3.5M. The funding will be under the form of Equity acquisition while further details of the deal are not mentioned due to confidentiality. GloryFinance (token: GLR) is a newly launched DeFi project whose mission is to make DeFi adoption accessible for everyone and accelerate Blockchain’s applications sustainably across…

Square Enix to Use Polygon’s Network in Symbiogenesis, Its Upcoming Web3 Experience – Blockchain Bitcoin News

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Japanese gaming company Square Enix has announced that it will be using Polygon, an Ethereum sidechain, as a base for Symbiogenesis, its upcoming Web3 experience. Naoyuki Tamate, producer of the game, cited the high transaction speeds and low transaction gas costs as the reasons for making this change in the game’s design. Square Enix to Harness Polygon for Symbiogenesis’ Blockchain Operations Square Enix, a Japanese game-developing company, has given an update regarding the development of Symbiogenesis, its upcoming Web3-based experience announced in November. The company revealed it would use Polygon,…

FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners – Africa Bitcoin News

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The collapsed crypto exchange FTX reportedly used the lure of high earnings to convince African university students to become its ambassadors. In addition to encouraging new FTX investors to use the platform, student ambassadors were also required to teach them about crypto and the blockchain. Some of the students insisted they will not quit crypto despite losing funds following FTX’s collapse. Recruited Users Told of Benefits of Using FTX The collapsed crypto exchange FTX reportedly used the promise of significant rewards to encourage African students to recruit new investors to…

Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas – Bitcoin News

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PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies and corporate funds.” FTX Joint Provisional Liquidators Continue Investigations Into Bahamian Subsidiary In mid-November 2022, following the Chapter 11 bankruptcy filing by the exchange FTX and its large number of subsidiaries, The Bahamas’ regulator appointed…

Central Bank of Brazil President States Digital Real Pilot Is Imminent – News Bitcoin News

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The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances in the future. Pilot Tests for Digital Real Imminent Brazil is making strides in developing its central bank digital currency (CBDC), and the design of its architecture. Roberto Campos Neto, president of the Central Bank of Brazil, recently detailed the…

Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea – Featured Bitcoin News

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Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. North Korea-Linked Crypto Frozen by Binance and Huobi Blockchain analytics firm Elliptic said Tuesday that it has collaborated with cryptocurrency exchanges Binance and Huobi “to freeze Lazarus Group hack proceeds.” Elliptic wrote: Crypto exchanges Binance and Huobi today froze accounts containing approximately $1.4 million in cryptoassets…