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The objective of setting up special purpose acquisition companies (SPACs) is to raise money through an initial public offering to buy another company. In…
NEWS
In August, OpenSea became a crypto unicorn after raising $100 million in a funding round led by Andreessen Horowitz. As a result of the…
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Today, we got the chance to chat with Sky Guo, the Co-Founder and CEO at Cypherium. In this interview, we discussed Cypherium’s goals, what…
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In August, OpenSea became a crypto unicorn after raising $100 million in a funding round led by Andreessen Horowitz. As a result of the NFT boom, OpenSea trade volume has surged by 76,240 percent year-to-date. Amidst the surging interest, some users have reportedly lost $100,000 in NFTs as a…
In early September, El Salvador adopted Bitcoin as legal tender in a bit to strengthen the country’s remittances. Following this move, El Salvador’s largest bank has partnered with Flexa for Bitcoin payment. This move could see companies like MoneyGram and Western Union losing considerable market share in the country’s…
SEC chairman Gary Gensler lays out crypto market agenda in senate testimony He calls the crypto market a “Wild West” Gensler also clarified that, despite his criticism, he was not pessimistic about cryptocurrencies. The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has once again urged…
Bitfinex adds Security Offering to its long list of products The Bitfinex Security will operate under the Astana Finance Services Authority (AIFC) regulatory sandbox. This investment product will provide an avenue for the diversification of the financial portfolios. Bitfinex’s blockchain-based investment product provider has formally announced the debut of…
Demand for mining rigs has been witnessing growth since Bitcoin crossed $50,000. Best selling miners with AMD and NVIDIA GPUs are fetching anywhere between $3,500 and $4,000. The Vietnamese government remains skeptical about the use of cryptocurrencies. With Bitcoin is resuming its bull run and prices of the coin…
On August 30 (Friday), Coinbase erroneously sent an email to its users stating that their two-factor authentication (2FA) settings have been changed. The email triggered panic and confusion among users, as they thought their account might have been hacked. The incident also led to widespread public backlash. Coinbase took…
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