Crypto firm backed by real-world assets plans to go public this year

The latest Bitcoin Mining Council report showed that the mining industry is rapidly adopting sustainable energy sources to secure the largest crypto blockchain. 634 Total views 7 Total shares Bitcoin (BTC) mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year.The…

Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin's sell-off Terra's UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk loving traders look to scoop up assets trading at yearly lows.Daily cryptocurrency market performance. Source: Coin360Despite the significant correction that occurred over the past…

A new lobbying group will seek to educate legislators and create pilot programs to convince them of the utility of Web3. 485 Total views 21 Total shares Lobbying by the cryptocurrency industry and crypto proponents is booming in the U.S. Congress. According to a report released Tuesday by Public Citizen, the number of lobbyists for…

The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.

"Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector," said Stefan Berger. 904 Total views 8 Total shares The parliament of the European Union has scheduled a vote on a framework aimed at regulating cryptocurrencies after addressing concerns over proof-of-work mining.In a Monday Twitter thread,…

Dissolving support at $50,000 opens up a path to levels not seen in months, warns Delta Exchange CEO Pankaj Balani. 2665 Total views 19 Total shares Bitcoin (BTC) could see a price drop to as low as $40,000 if higher support levels fail to hold, an industry CEO says.Speaking to Bloomberg on May 11, Pankaj Balani,…

Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies — the Japanese yen (JPY) and the Canadian dollar (CAD).Following the addition, users at some of Simplex’s partner exchanges such as Binance will be able to buy crypto via credit cards using JPY and CAD, industry publication The Block reports Dec. 9.Not all…

In 2020, the Ethereum Foundation sold 100,000 ETH, and the price surged over 500% in the months that followed — there’s no telling what will happen this time. 

Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. 468 Total views 5 Total shares Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders. By…