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23.07 / 17:59

business Technology GPU Bitcoin NOT Not just Bitcoin price: Factors affecting BTC miner profitability

The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin.

23.07 / 16:25

business Blockchain Sport education Fans seek trust and better understanding of sports NFT market: Research

The heavy involvement of the sports ecosystem is what expedited nonfungible tokens’ (NFT) mainstream adoption as the teams and players leveraged the technology for fan engagement. However, sports fans revealed their interest in moving beyond the hype and making investments based on knowledge about NFTs and trust in the issuers.

23.07 / 01:17

business Digital Currency Banks Africa Board urges Bank of Central African States to introduce common digital currency: Report

The Bank of Central African States, or Banque des États de l'Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board.

23.07 / 01:17

business Digital Arrow Bankruptcy FTX proposes a way to give Voyager Digital clients some of their digital assets back early

FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced in a statement Friday. To accomplish this, Alameda Ventures said it would like to buy all Voyager digital assets and digital asset loans, with the exception of loans to Three Arrows Capital (3AC).

22.07 / 23:05

business Venture Capital Court saga Crypto Biz: The 3AC saga takes another bizarre twist

About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on social media, but he ran arguably the most revered hedge fund in crypto — Three Arrows Capital, also known as 3AC. Then, the bear market of 2022 exposed 3AC as a house of cards run by founders who believed their own hype — and made reckless business decisions along the way.

22.07 / 20:17

business Funding NFT sales will fund the restoration of physical monuments in Ukraine

The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world.

22.07 / 18:09

business Blockchain Investments businesses The opportunities and risks of Metaverse for small businesses

The Metaverse has been become one of the biggest buzzwords in the blockchain and crypto, as it promises to provide a more immersive, interactive and collaborative experience than what the internet has accomplished to date.

22.07 / 16:07

business Adoption Bitcoin Crypto to reach 1 billion users in 2030: BCG Report

In a joint report published by BCG, Bitget and Foresight Ventures, data shows that compared to traditional investment assets, crypto adoption is still very low. According to BCG, only 0.3% of individual wealth is invested in crypto.

22.07 / 14:03

business Adoption regulation regulatory approval regulatory Crypto.com scores regulatory approval from Cyprus SEC

Singapore-based cryptocurrency exchange Crypto.com continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus.

22.07 / 13:17

business regulation credit cards Buying crypto with credit card is now indirectly banned in Taiwan

Taiwan’s Financial Supervisory Commission (FSC), a chief financial regulator, issued a note to the banking industry, indicating that they should not grant the virtual assets providers (VASPs) the status of merchant in operations with credit card holders. That means a de-facto ban on buying crypto with a credit card on the island.

22.07 / 13:17

business Blockchain Cybersecurity interview Blockchain and cybersecurity awareness on the rise: PolySwarm CEO

As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEO Steve Bassi argued that there is a need to leverage blockchain for cybersecurity.

22.07 / 10:49

business Liquidity lending CeFi BlockFi had $1.8B in outstanding loans in Q2: Report

Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”

22.07 / 10:49

business Technology Adoption interview recovery Don't wait around for recovery, keep on building, says Web3 exec

There are many more things that can be built within the blockchain space, and the good news is that members of the community know what they are, said Tegan Kline, the co-founder at Edge & Node, the initial team behind The Graph (GRT).

22.07 / 09:37

business Blockchain Electricity Texas Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.

22.07 / 09:37

business Blockchain defi Investments Returns Mike Novogratz warns that 200X returns from crypto are ‘not normal’

Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital has warned that making more than 200X returns on crypto investments is simply “not normal.”

22.07 / 05:35

business Gaming virtual reality Minecraft epic Epic Games 'definitely won't' follow Minecraft NFT ban

Epic Games founder and CEO Tim Sweeney says his firm “definitely won’t” follow Minecraft's developers in banning non-fungible tokens (NFTs).

22.07 / 00:15

business Mercado Bitcoin plans to expand to Mexico

Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval.

22.07 / 00:15

business regulation Bitcoin SBF: Crypto winter winding down, FTX to turn a profit as it serves as lender of last resort

The economic crisis in crypto is waning, FTX co-founder and CEO Sam Bankman-Fried thinks. He noted in an interview on Axios Pro Thursday that he is not getting “a ton of calls” from distressed businesses, as he was in the first weeks of the so-called crypto winter. Given a positive economic macro-environment, recovery could be “remarkably fast,” he said.

21.07 / 22:37

business Blockchain Bitcoin Hardware wallet industry to outstrip crypto exchanges: Report

The crypto hardware wallet industry could be growing at a faster pace than cryptocurrency exchanges, data from several studies suggest.

21.07 / 20:23

business Investments Terra Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade

South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem.

21.07 / 16:43

business Technology Adoption Google Crypto.com rolls out Google Pay integration as Big Tech continues to embrace crypto

Global cryptocurrency wallet and exchange platform Crypto.com added Google Pay as a payment option for Android users to buy cryptocurrencies on July 21. Google Pay is estimated to have over 100 million users that could make use of the latest payment gateway to cryptocurrency markets.

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