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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…
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Disney enters metaverse by patenting its technology for theme parks The world’s largest media and theme park company was recently approved for a virtual…
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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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The most recent development in the US congress has revealed that Senator Cynthia Lummis owns roughly $100k in bitcoin. To some, this isn’t entirely surprising as the senator has been an ardent advocate of cryptocurrency in the house. Cynthia’s presence in the house could be pivoting some positive changes…
CDPQ invested in the crypto lender but has “absolutely” no plan to allocate directly in BTC or digital assets. Celsius manages $25 billion in assets, adding $15 billion in just seven months. The firm is facing several warnings from regulators of Texas, New Jersey, Kentucky, and Alabama for allegedly…
El Salvador has announced $0.20 of subsidy per gallon of petrol if residents pay in Bitcoin. The Central American country’s Bitcoin holdings are now worth more than $35 million. In less than a month, the government’s Chivo wallet recorded 3 million active users. To further boost the adoption of…
Elon Musk is a firm believer that ‘It’s not possible to destroy crypto but the government can slow its advancements’ Speaking at the Code conference last month he said ” governments are clamping down on cryptocurrencies because it denies them the power of financial centralization but rather gives decentralized…
The stablecoin will be pegged to Peru’s official fiat currency (Peruvian sol (PEN), this new stablecoin is expected to facilitate instant transactions across the Anclap network, it’s also operationally compatible with other fiat currencies as well as any other digital asset. There has been a lot of skepticism on…
Ethereum mining pool Sparkpool will shut down its operations due to China’s crypto ban. Sparkpool will send details about the shutdown through announcements, emails, and in-site messages. Crypto companies are feeling the effects of Chinese regulations. Days after China announced its most serious crackdown on the crypto market, its…
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