Bitget, a crypto trading business, has announced the launch of the EmpowerX Fund, a $100 million pot to invest in exchanges, data analytics firms and media organizations. The fund follows just months after Bitget set aside $100 million to target Web3 startups in Asian countries.The firm expects tightened regulations and growth of layer-2 blockchain networks […]
TOKEN2049, Asia’s premier Web3 and crypto conference, is set to welcome a full house of tech pioneers, investors, policymakers, and industry shakers from across the globe at the iconic Marina Bay Sands from 13-14 September 2023. With over 10,000 attendees, 300+ exhibitors and 400+ side events, it is the industry’s biggest international gathering of the […]
Ripple, a leading enterprise crypto company, has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, to expand its position in the cryptocurrency market and bolster its regulatory credentials. The acquisition follows Ripple’s purchase of crypto custody firm Metaco, solidifying its position in the cryptocurrency market. Fortress Trust’s Nevada Trust license expands Ripple’s regulatory credentials, […]
Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able […]
Robinhood, a cryptocurrency and stock trading platform, has completed the purchase of 55,273,469 shares from former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang. The shares, originally held by Emergent Fidelity Technologies, were seized by the U.S. Department of Justice in January. The purchase, which cost Robinhood roughly $606 million, was approved by the […]
US Bitcoin Corp (USBTC) has announced that it will host 8,500 Bitcoin miners with an estimated hashrate of 820 petahash belonging to bankrupt crypto lender Celsius at its Alpha Site. This is part of an arrangement that could see it manage up to 310,000 Bitcoin miners from Celsius and other clients. In May, USBTC, as […]
Trust Machines, a company building the largest ecosystem of Bitcoin applications, has announced the launch of its flagship wallet brand, Leather. Leather is a Bitcoin wallet with the mission of driving the global transition to a digital economy built on Bitcoin. Leather is a self-custodied, open-source and audited wallet, giving users the ability to securely […]
DEGA and Unique Network have announced a collaboration to empower builders within the Unique ecosystem. This partnership will allow builders to leverage DEGA’s Initial Stake Pool Offering (ISPO) platform for crowdfunding and community engagement on Polkadot. The Polkadot team has confirmed the collaboration and is looking forward to the upcoming Polkadot Developer Conference, sub0, which […]
Canaan, a Bitcoin (BTC) miner, reported a loss in its second-quarter financial report despite increasing mining revenue and computing power. The miner generated a total revenue of $73.9 million, while its “cost of revenues” were $143.9 million, resulting in a gross loss of $70.1 million. The firm had recorded a gross loss of $47.5 million […]
