According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb. The news was reported on March 18 by Aju News, with Bithumb reportedly in discussions with major Bithumb shareholder, Bident — who owns a roughly 10% stake
Blockchain
Ryan Watkins, a senior research analyst at crypto analysis firm Messari, has speculated that Ethereum could overtake Bitcoin as the largest crypto asset once its Eth2 and Proof-of-Stake overhaul is complete. Appearing on Youtube show ‘FinTech Today’ on March 18, Watkins noted that while he does not know “if or when” Ethereum will flip Bitcoin,
Sustainable crypto mining firm MintGreen has completed its seed investment round, with top digital asset manager CoinShares leading the round. A portion of the funds will likely be used to support two pilot projects intended to showcase how MintGreen’s proprietary technology can improve the energy efficiency of Bitcoin mining. MintGreen has two pilot projects slated
Ben Delo, one of the founders and co-owners of embattled crypto derivatives exchange, BitMEX, has surrendered to U.S authorities in New York. According to Bloomberg, Delo was arraigned remotely before U.S Magistrate Judge Sarah L. Cave during a proceeding on March 15. He pleaded not guilty to all charges and was released on a bail
Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he “stumbled” into buying an NFT from acclaimed digital artist “Beeple” that has since increased in value by 30,000% since he purchased it in December. Recounting the story in an article published by Business Insider on March 14, Fairchild noted that despite being
A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led major industry venture capital groups — as well as some unusual, upstart players. Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today $4.9 million raise led by
In previous bull markets, one of the most consistent price movers for cryptocurrency projects was being listed on Coinbase, a phenomenon that became known as the ‘Coinbase effect’. The recent announcement that Polygon (MATIC), SKALE (SKL) and SushiSwap (SUSHI) would be added to the exchange and begin trading on March 11 has proven that the
Women working in the blockchain sector are still few and far between. While exact statistics are unclear, technology has, in general, remained a male-dominated field. For instance, a recent report from Deloitte found that only 7% of fintech startup founders are women. The report also noted that startups founded and co-founded by women have struggled
Bain Capital Ventures, Pomp Investments, Tiger Global, and partners of DST Global have led investors in a $350 million series D funding round for the crypto lending firm BlockFi, according to an announcement on March 11. The company indicated that with the addition of these funds, as well as $100 million raised via three earlier funding
Six months after its first response to the European Commission’s crypto legislative proposal, the International Association for Trusted Blockchain Applications, or INATBA, has released a detailed report on key issues regarding the planned regulations. According to the recently published document, INATBA argued that the commission’s Markets in Crypto Assets regulations do not favor emerging cryptocurrency
Bankrupt cryptocurrency lending platform Cred Inc is believed to have unwittingly appointed a prison escapee as its Chief Financial Officer. A report filed by examiner Robert Stark of Brown Rudnick LLP on March 8 asserts that former Cred CFO James Alexander has been identified by U.K. authorities as a financial fugitive who had been sentenced
“Shark Tank” star and Dallas Mavericks owner Mark Cuban will appear on tonight’s episode of Blockchain & Booze. Cuban is expected to talk about his fascination with decentralized finance and nonfungible tokens, and his views on the most imminent and compelling use cases for blockchain technology. The billionaire investor recently joined a group of National
Bitcoin’s (BTC) price has been consolidating in the previous weeks as the sentiment and momentum have slowed to a crawl. That’s very natural as it’s also impossible to throw a six every time. Therefore, consolidation and correction are necessary for the market to recharge before resuming the uptrend. Several reasons were given for such a
The native token of leading decentralized exchange Uniswap has surged by nearly 50% this week, ranking UNI as the eighth-largest crypto asset with a $17.7 billion market cap as speculation builds for the exchange’s coming V3 overhaul. Messari currently ranks UNI as the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink
As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances. It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s
As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. Audius (AUDIO) is one project that is chasing the first-mover advantage
The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms accounting for $24.33 billion of the total value. Rising gas fees have been
Bitcoin (BTC) price sliced through the $50,000 resistance level during the early trading hours on March 3 as bulls found their momentum and the majority of altcoins joined in on the rally as the day progressed. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin was trading at $48,500 in the early
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