Browsing: Companies

Regulators in the United States closed Silicon Valley Financial Institution (SVB) due to the reckless fundraising by SVB and the abrupt closure of Silvergate Capital Corp. The sudden fall led to the destruction of startup company shares in the USA. This comes after Silvergate’s failure. The parent company of Silvergate Financial institution announced plans to shut down operations and liquidate the firm. The claim was made after the bank disclosed $1 billion in losses during the fourth quarter of 2022 as a result of the bankruptcy of FTX, one of Silvergate’s key clients. The entire cryptocurrency ecosystem is in…

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Due to environmental protection, the Wikimedia Foundation (WMF) has declared that it will no longer accept crypto donations. After a three-month debate, Wikimedia’s parents made their decision at the end of last month. We began accepting cryptocurrencies directly in 2014 in response to requests from our volunteer and donor groups. Wikimedia stated, “We are making this choice based on recent feedback from those same groups.” Around 70% of 400 users agreed with the plan to refuse crypto donations. The WMF has accepted cryptocurrency donations in bitcoin, Bitcoin Cash, and Ethereum for the past eight years. All of these now employ…

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During the first half of this year, The Samsung Group’s investment arm is expected to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange. The ETF will be structured similarly to BLOK, another Amplify Holdings ETF. Amplify Holdings is Owned by Samsung Asset Management The parent business Samsung Group has announced that Samsung Asset Management Company (SAMC) will list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange in the first half of 2022. The debut of an exchange-traded fund (ETF) that follows cryptocurrencies and blockchain technology firms. The ETF listing is likely to take place in…

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BlackRock has introduced a new exchange-traded fund (ETF) that focuses on blockchain and technology. Blockchain has the ability to “enable financial inclusion for billions of unbanked customers. BlackRock has Unveiled a Blockchain and Technology Exchange-Traded Fund (ETF) BlackRock, the world’s largest asset manager with around $10 trillion in assets under management, is a blockchain believer. The American company has announced the introduction of a new exchange-traded fund (ETF) dubbed the iShares exchange-traded fund, which will focus on blockchain technology, cryptocurrency, and technology companies. As a result, BlackRock customers, including many high-net-worth institutional investors, will be able to gain exposure to…

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Coinbase, the world’s largest crypto exchange based in the United States, plans to pay about $3.2 billion to acquire BtcTurk, Turkey’s oldest and most well-known crypto exchange. BtcTurk is a Turk-based crypto exchange that was founded on July 1, 2013, and has a portfolio of 4.5 million customers. Its headquarters are in Istanbul, Turkey. Globalization of Coinbase in International Business In a short period of time, Coinbase might complete the purchase of BtcTurk for a cash value of over $3.0 billion. According to rumors, BtcTurk is on Coinbase’s radar, and Coinbase might become a major crypto investor in Turkey. Coinbase…

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It has been a few days since Russia made the decision to invade Ukraine and declare war. Ever since then, the United States has been sending economic sanctions to Russia. According to the best website crypto news, if these western sanctions keep on piling up, there might be some consequences for sure. The crypto market will also be affected due to these sanctions. With the increase of these sanctions, CEXs or Centralized Exchanges might actually be forced to make sure that all Russian users are banned from using the services that they are providing. This is not the first time…

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Flutterwave, a fintech firm, recently revealed that it has raised $250 million in a Series D fundraising round. The startup’s worth increased to almost $3 billion as a result of the investment round, which attracted worldwide investors. Flutterwave’s Expansion Plans Have Raised Capital Flutterwave, a Nigerian financial firm, recently announced a $250 million Series D fundraising round. The fintech firm’s valuation increased to over $3 billion following the latest capital raising spearheaded by B Capital Group. Flutterwave plans to utilize the funds generated to fund its “ambitious expansion plan to accelerate client acquisition in existing areas and growth through M&A,”…

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The Yat is an emoji that costs $425000.According to the designers, your Yat will not only be a global digital identify in Web3, but it will also be a URL, wallet address, and an NFT minted on the Ethereum blockchain. Yat, a Nashville-based tech firm, feels that, and with 160,000 units sold for a total of $20 million, it appears that many regular people believe. “Yat allows you to utilize emoticons as your internet username and identity,” the startup posted on its Discord server. https://twitter.com/AshleyDCan/status/1490900319936856066 A Yat is a string of one to five emojis that may be used as…

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Cross-platform wallets have dominated the crypto world for quite some time, and Phantom is recently added to the list. For those of you who don’t know, Phantom is the cross-platform Solana wallet created for NFTs and DeFi users. This wallet from Solana has recently received the status of a mythical unicorn after attaining the value of about $102 billion. Also, the cross-platform wallet of Solana and the browser extension named Phantom have managed to raise about $109 million in the B Series. It continues to expand beyond the Solana capabilities and the cross-platform abilities for sure. 1,000,000 active users just…

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On Jan. 27, a group of eight U.S. lawmakers, led by Senator Elizabeth Warren, sent letters to the world’s six largest Bitcoin mining companies, demanding to reveal the detailed data on their electricity consumptionThese moves highlight the increasing regulatory pressure on crypto mining businesses in the United StatesBut, as last week’s Congress hearing showed, the growing scrutiny might turn out to be an opportunity to align the mining sector’s development with the broader political push for clean energy. Here are some of the key themes around crypto mining that have captured lawmakers’ attention and will likely inform the intensifying policy…

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[responsivevoice_button] Rario, an officially licensed cricket non-fungible token startup built on the Polygon blockchain, has announced its integration with Polygon’s NFT platform, Polygon Studios. Polygon Studios, an NFT-focused gaming and metaverse hub, was launched last month by Indian Ethereum scaling platform Polygon to facilitate Web 3.0 gaming and fuel mainstream adoption of NFTs. It’s backed by a US$100 million fund and already works with top projects together with Decentraland, Opensea, Sandbox, Somnium Space and Decentral Games. Polygon Studios claims to have more than 300 gaming and NFT decentralized functions. Indian startup Rario permits cricket followers to gather and trade formally licensed cricket…

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Brian Brooks introduced on Twitter Friday afternoon that he’s resigned as Binance.US CEO after simply 4 months on the job. Brooks confirmed in an e-mail to CoinDesk that his account was not hacked. Within the tweet, Brooks cited “variations over the strategic path” between him and his colleagues. Earlier than becoming a member of the U.S. arm of the Binance world crypto alternate, Brooks helmed the Workplace of the Comptroller of the Forex (OCC), the regulator for nationwide banks, below U.S. President Donald Trump. Brooks’ hiring appeared to have been a part of a method by Binance.US and its dad or…

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Amazon denied reviews it would settle for BTC funds quickly, however seemingly, it’s solely a matter of time earlier than the tech giants embrace the token financial system. Perhaps Amazon actually isn’t making ready to just accept Bitcoin (BTC) as cost for its items and companies earlier than yr’s finish, and maybe Apple isn’t in reality including $2.5 billion of Bitcoin to its stability sheet — though each occasion has been reported lately, they’re nonetheless unconfirmed. The query nonetheless stays: If and when the tech giants do commit, what impression will they’ve on the cryptocurrency and blockchain trade? Wouldn’t it…

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American cryptocurrency buying and selling platform Voyager Digital introduced Monday, August 2, the acquisition of Coinify a safe online platform that provides a straightforward approach to purchase and promote digital currencies. The acquisition can be carried out within the type of a share buy. Voyager Digital will subject 5.1 million Voyager shares and $15 million in money for Coinify traders. This time, it goals to combine Coinify’s world service system within the cost subject to pay instantly from their digital asset accounts rapidly, enter the business-to-business cost subject, and speed up Voyager’s worldwide enlargement. Underneath the inventory code “VYGVF”, Voyager Digital…

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Non secular leaders carrying South African flags stroll close to a looted shopping center because the nation deploys military to quell unrest linked to the jailing of former South African President Jacob Zuma, in Vosloorus, South Africa, July 14, 2021. The South African economic system’s buoyant begin to the yr is more likely to be ruined by a mix of renewed Covid-19 containment measures and up to date civil unrest, specialists have warned. A 3rd wave of infections led the federal government to implement strict lockdowns towards the tip of June. President Cyril Ramaphosa introduced final week that the alert…

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President Donald Trump arrives for a photograph alternative with sheriffs from throughout the nation on the South Garden of the White Home in Washington. WASHINGTON – A federal choose is giving former President Donald Trump time to problem a Division of Justice order that mentioned the IRS should give up his earnings tax returns to Congress. U.S. District Courtroom Choose for the District of Columbia Trevor McFadden mentioned that Trump and his legal professionals have till Wednesday to challenge a response. Neither Trump nor his legal professionals have mentioned if they are going to problem Friday’s order. On Friday, the Division of Justice…

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