Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese Communist Party’s crackdown on crypto […]
Read moreA new survey finds that 35% of Australians believe bitcoin will eventually be transacted more than fiat currency. Almost the same number of respondents believe that bitcoin “has a significant role to play in the future of currency.” Comparison platform Finder published Tuesday the results of a cryptocurrency survey, which it described as a “nationally representative survey of 1,012 Australians.” […]
Read moreChainSwap has experienced another exploit in what has turned out to be a terrifying month for the exchange. The platform which acts as a bridge for assets had succumbed to an exploit earlier this month, and now, only eight days later, ChainSwap has succumbed to another exploit. This time, the attacker made away with $8 million before it was shut […]
Read more
Is bitcoin about to stage a comeback? This is the sentiment of a few financial analysts out there, who claim that technical indicators suggest the currency may head north from here. Bitcoin May Be Heading Towards Greener Territory Financial and crypto reporter Omkar Godbole recently wrote about one specific tech indicator pertaining to bitcoin and its present market conditions. He […]
Read more
S&P Dow Jones Indices, the leading index provider of some of the world’s largest equity benchmarks, has launched a new cryptocurrency index that tracks the performance of the broader digital asset market. The S&P Cryptocurrency Broad Digital Market Index, labelled BDM, tracks more than 240 digital assets at launch and represents an expansion of the firm’s recently launched crypto benchmarks. […]
Read more
Fidelity Digital Assets has announced plans to hire close to 100 employees in efforts to support its expanding business in some of its locations including New York Boston, Durham, and Salt Lake. In a tweet posted on its official page on Monday, the institution that offers solutions for asset classes further called on interested candidates to submit their applications for […]
Read more
The bank of New York Mellon, America’s oldest bank, has signed an agreement with cryptocurrency asset manager Grayscale Investments to provide a set of services to its flagship Bitcoin (BTC) investment product. Grayscale officially announced Tuesday that it selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust (GBTC), a major digital currency investment product providing indirect exposure […]
Read more
Binance customers in the United Kingdom are once again left without a fiat currency withdrawal option on Binance. According to Financial News on Tuesday, the crypto exchange giant sent emails to affected customers informing them of the problem. However, the exchange reportedly has not given any details as to the reason for the latest suspension of pounds sterling withdrawal but […]
Read more
Dogecoin, which shocked many after attaining a market capitalization of over $50 billion equaling with Barclays Bank, is still maintaining its position as a pilot to many other meme coins which together have a market capitalization of over $31 billion according to CoinMarketCap data. With a market valuation of over $26 billion, DOGE holds a whopping 84% of the meme […]
Read more