Dragonfly Capital eyes $500M for fourth crypto fund
Dragonfly’s new crypto fund will target early-stage projects in the crypto space. Over 100 digital-asset startups are part of the firm’s portfolio.
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Hodlnaut now placed under creditor protection after freezing withdrawals
Hodlnaut froze withdrawals and all other services on its platform on Aug. 8, citing a liquidity crisis and turbulent market conditions. 239 Total views 5 Total shares Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Aug. 29.The court orders came three…
Here are 3 altcoins that could surge once Bitcoin flips $35K to support
Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs. Total altcoin index capitalizationWhat is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but…
Web3 game Gods Unchained releases ‘Sealed Mode’ to mimic paper card games
Immutable’s Gods Unchained game launched a new tournament mode that allows players to build a deck with random cards. 402 Total views 53 Total shares Web3 game Gods Unchained released a new gameplay format that allows players to compete with semi-random cards they receive at the start of a tournament. Called “Sealed Mode,” the format
Crypto surges in Eastern Europe: DeFi drives 33% of transactions
Eastern Europe has become the fourth-largest cryptocurrency market in the world, accounting for over 11% of the total cryptocurrency value received worldwide.
Thailand’s Largest Commercial Bank Retracts Tweet Indicating Plans to Use Ripple’s XRP
Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7.The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had…
Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’
The “original” yet ironically "wrong" Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun.Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week. ETC hits $180: Bull market or "casino market"?In the latest…
Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token
Brazilian coffee farming cooperative Minasul plans to issue a coffee-backed token, Bloomberg reported on July 11.According to Bloomberg, Minasul’s president Jose Marcos Magalhaes declared at the Global Coffee Forum in Campinas that Minasul intends to launch the token this month. Farmers will reportedly be able to use the coin to buy fertilizer, machinery and other…
Beeple NFT auction closes at record-setting $69.3M
The auction for “Everydays: The First 5000 Days” closed at a realized price of $69,346,250. 1250 Total views 10 Total shares Digital artist Mike Winkelmann, also known as Beeple, has once again made NFT history after his latest piece, “Everydays: The First 5000 Days,” raised over $69 million on Christie’s auction house. “Everydays” was minted on Feb.…