Having impressed the FTX brain trust, tokens for this Ethereum rival were concentrated in the wrong portfolio at the wrong time. But the technology that won over Bankman-Fried is impressing investors anew.
One of the biggest casualties of the collapse of the FTX crypto conglomerate a year ago was sol, the native token of the Solana
SOL
blockchain.
FTX absolutely adored the coin and invested heavily, accumulating a stash of approximatel...
PayPal’s branded stablecoin, which the payments company launched on Monday, is likely to be a trendsetter.
Multiple payments, e-commerce companies and banks, including large traditional financial institutions, have expressed interest in using or issuing digital dollars with Paxos, the issuer of PayPal’s
PYPL
PYUSD, according to a source familiar with the negotiations.
No names have been disclosed, but Walter Hessert, Paxos’ head of stra...
The Oman Ministry of Transport, Communications, and Information Technology has unveiled a cutting-edge data hosting and bitcoin mining center. With an investment of $370 million, equivalent to RO135 million, Oman is keen on expanding its foothold in the bitcoin mining sector ahead of the upcoming halving.
The country's systematic approach to evolving its infrastructure and regulations underscores its aspiration to become a central hub for ...
Despite bitcoin's recent price volatility, the digital currency's largest stakeholders, often dubbed the "whales" in financial markets, are displaying optimism. Their recent accumulation activities indicate they see hope amid market uncertainty.
According to recent insights from the analytics company IntoTheBlock, addresses that hold a minimum of 0.1% of all circulating bitcoin, equating to a valuation above $500 million, have amplified thei...
Institutions are coming to Bitcoin
BTC
and crypto. This phrase was common in 2018-2019, when the bitcoin price tanked more than 60% from its 2017's high, with all the crypto assets following its lead. It was a hard bear market in the crypto industry, and the promise of institutional interest in these products was a usual prayer. But 2023-2024 is when this supposed interest might come into reality.
It's not only about a bitcoin exchange...
“It is the longest-running event of its kind in the United States,” boasts Sinclair Skinner, Co-founder of Black Blockchain Summit. The sixth edition held at the iconic Howard University drew hundreds of attendees and featured renowned speakers from across the United States, Caribbean, and African continent.
“The summit is a movement to make sure technologies, like blockchain, are relevant and can positively impact our communities,” Skinner,...
The world’s governments are grappling with the explosive emergence of stablecoins. Since their introduction in early 2014, global stablecoin holdings have grown rapidly to $123 billion. Stablecoin daily trading volume is equivalent to the world’s 22nd largest sovereign currency. Soon, the U.S. House may vote on the Clarity of Payments Stablecoins Act.
Stablecoins are cryptocurrencies redeemable on demand for fiat currency held in custody by...
Neon Machine, a blockchain gaming company created by a former HBO executive, announced today the close of its $20 million Series A.
The round was led by Polychain Capital, with participation from Griffin Gaming Partners, Franklin Templeton, Brevan Howard Digital and others.
It’s been an increasingly tough market for early-stage crypto fundraising. Around $7 billion has been invested into crypto companies in the first nine months of the year...
Bitcoin
BTC
has rocketed higher in recent weeks as expectations surged the Federal Reserve could be about to stage a dramatic U-turn.
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The bitcoin price topped $35,000 per bitcoin late last month, up more than double from where it began 2023—a rally that caused...
Nvidia is likely to report Q1 results Wednesday that show investments in artificial intelligence and metaverse offerings are paying off and replacing much of the chipmaker’s loss of semiconductor sales related to ether mining.
The chipmaker is one of the best-positioned companies in the semiconductor sector this year, given its dominant position in generative AI and multiple new product cycles in its data-center and gaming divisions, accordi...
