Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal

The stock price of Tesla (TSLA) surpassed $1,200 in pre-market, achieving a market capitalization of over $220 billion. Now, the most valuable car company in the world is worth 30% more than the entire market cap of Bitcoin (BTC), the biggest and most popular cryptocurrency in the world. Tesla overtook Toyota to become the highest-valued car…

Two Venezuelan companies have partnered to release a cryptocurrency debit card and point-of-sale (PoS) system.“Crypto transfer device” supports four currenciesAccording to a social media release by state-sanctioned exchange CriptoLAGO on Oct. 1, the joint offering with so-called “investment cryptobank” Glufco is already taking orders. Translated part of the announcement states: “What we were waiting for, our…

Bitcoin (BTC) received a substantial boost this week as United States inflation levels for February were in line with market expectations. On March 14, the BTC/USD pair surged to a 2023 peak at $26,550 after the news.But, while the macroeconomic conditions may currently favor risk-on buyers, certain on-chain and market indicators hint at a potential correction in…

South Korean police have raided the office of a local firm whose alleged crypto scam promised investors the spoils of a sunken Russian warship, The Korea Herald reported August 7. The Seoul Metropolitan Police Agency reportedly sent 27 investigators from its white collar unit to to collect evidence from the premises of Shinil Group in…

According to the Treasury Department, members of the sanctioned group fought alongside Russia’s military, including near territory Ukrainian forces reclaimed on Monday. 144 Total views 2 Total shares The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned…

Polkadot is releasing a testnet specifically designed for its sharding implementation. The Polkadot (DOT) project launched a testnet to evaluate its planned sharding implementation based on parachains.The key component that separates shards from being just many independent blockchains is communication. Shards need to be able to communicate with their peers to enable cross-shard token transfers…

“We see very little in terms of investor demand” for crypto, BlackRock CEO said. 591 Total views 5 Total shares BlackRock, an institutional asset manager that has indirect exposure to Bitcoin (BTC), has recorded a major decline in investor demand for cryptocurrency.The company’s CEO Larry Fink declared Wednesday on CNBC’s Squawk Box that BlackRock has…

The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse. 263 Total views 36 Total shares In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for…