Crypto Biz: Bitfarms gets new board after months of power struggles
Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals.
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Bitcoin market cap overtakes Berkshire Hathaway, soars past $800B
Bitcoin (BTC), the original cryptocurrency, is gaining momentum versus global big-cap stocks as it overtakes the market value of American conglomerate holding company Berkshire Hathaway. BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet's company on Dec. 3.BTC market cap has risen above $800 billion on
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Game developers’ role in elevating Web3 gaming — Breaking the stigma
Since its inception in 2017, Web3 gaming (a.k.a. blockchain gaming) has faced significant hurdles, leaving the industry at a critical crossroads — adapt or perish (as some believe). But others, including myself, are confident that the world of Web3 games is merely undergoing a much-needed transformation, having only recently shed the hype-driven mentality that marked…
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Overstock’s Medici Ventures Invests in Decentralized Social Network
Overstock’s venture capital subsidiary Medici Ventures has invested in decentralized social network Minds, Inc. (Minds.com), according to a press release shared with Cointelegraph Oct. 22.Founded in 2011, Minds is a decentralized social networking platform that rewards users for their activity online via cryptocurrencies, revenue, and views of their content. Recently, Minds launched its native crypto…
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Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off almost a fifth of its staff. 117 Total views 2 Total shares The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned…
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Will Bitcoin hold $60K? Leverage shakeout ‘close to complete,’ data suggests
8% daily losses are painful for longs but no problem for still bullish analysts. 1851 Total views 5 Total shares Bitcoin (BTC) extended its slide on Nov. 16 as BTC price action returned to test $60,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin finally closes large CME gapData from Cointelegraph Markets Pro and TradingView showed BTC/USD coming…
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PAID Network exploiter nets $3 million in infinite mint attack
After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a "rugpull" or a security lapse. 3256 Total views 10 Total shares Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices…
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What The 5th Anti-Money Laundering Directive Means For Crypto Businesses
The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect today, January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money laundering and terrorist financing across Europe.For the first time, 5AMLD is broadening its regulatory scope by…
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Bitcoin price surged to $24.6K, but direction of next rally is unclear
The price of Bitcoin surpassed its all-time high on Christmas, reaching $24,681 on Binance. Following BTC’s strong rally, traders and analysts are exploring short-term bear and bull cases. The market sentiment around Bitcoin remains overwhelmingly positive, but there are some concerns put forth by analysts in the foreseeable future and as a result, the next move is…