Crypto Biz: Riot increases Bitfarms stake in takeover strategy
This week’s Crypto Biz examines Bitdeer’s earnings boost, Hamster Kombat’s rejection of venture capital offers, Grayscale’s new crypto fund and a Solana exchange-traded fund in Brazil.
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Blockchains Acquires Development Firm Behind ‘The DAO’ Project
United States-based blockchain incubator and investment firm Blockchains, LLC, has acquired the German Ethereum dev team slock.it, according to a press release on June 3.Slock.it’s team is reportedly around three dozen large, and is known for its creation of the now-defunct decentralized autonomous organization (DAO) project “The DAO.” Co-founders and brothers Christoph and Simon Jentzsch…
How Blockchain Can Improve Globalization
The birth of blockchain technology and its quick adaptation have left many people stunned, with famous CEOs, investors, entrepreneurs and financial experts often talking about how it will change the way we go about our daily financial activities.One of the most important aspects to consider in blockchain technology is how this relatively new technology can…
‘Bullish’ — Struggling Miners Done Selling Their Bitcoin, Says Analyst
Bitcoin’s Miner Outflow Multiple shows that buoyant miners are keeping their coins and weaker players have none left to sell, argues Tuur Demeester. 1634 Total views 28 Total shares Bitcoin (BTC) miners are setting up a bullish trend despite large sell-offs around the halving, a new data metric suggests. According to Glassnode’s Miner Outflow Multiple (MOM),…
Uber Health Partners With Blockchain Startup to Transport Patients
Blockchain healthcare startup Solve.Care has partnered with Uber Health to transport patients, Solve.Care announced in a press release shared with Cointelegraph on July 9.Per the release, Uber Health’s transportation services will be integrated into Solve.Care’s personal healthcare coordination and administration app Care.Wallet. Within the app, patients will reportedly be able to schedule an Uber Health…
Two US-Audited Stablecoins Debut, Experts See Massive Impact on Crypto Market
As Cointelegraph reported on Sept. 10, with the approval of the New York Department of Financial Services (NYDFS), Paxos and Gemini officially announced the introduction of two stablecoins called the “Gemini dollar (GUSD)” and the “Paxos Standard (PAX).” Both stablecoins are backed by the U.S. dollar on a 1:1 basis, with every unit of GUST…
Cathie Wood’s ARK Invest dumps $36M of Robinhood stock
ARK’s $36 million Robinhood sale came with the stock price surging more than 100% year-to-date and posting multiyear highs.
Ethereum price rallies above $400 resistance on bullish ETH options data
Ether (ETH) options open interest grew by 230% to reach $393 million in the past three months. Although this is an impressive figure, it doesn’t fully reflect how the derivative instruments being used.Ether options open interest, USD. Source: SkewStrike levels appear bullishThe first thing one should take note of is the most used price levels…
Are celebrity tokens good or bad for Web3? Execs weigh in
Cointelegraph approached professionals across Web3 to get their thoughts on the emergence of celebrity-backed meme tokens in crypto.