Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts
The “hung” loans have led to bankers calling it the worst buyout since 2008.
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Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase
Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of. One project focused on expanding the functionality of NFTs beyond the digital…

US Treasury to Complete PoC of Blockchain-Based Grants Payment System
The United States Treasury Department has almost completed tests of a blockchain-based grants payment capability as part of the exploration of how the tech can improve such operations.As the Business of Federal Technology reported on Jan. 10, the Treasury Department launched a program designed to discover whether blockchain could provide more efficiencies into the operations…

Research: Ether Was the Cryptocurrency Most Correlated to Other Coins in 2019
Recent research shows that Ether (ETH) was the cryptocurrency most correlated to the rest of the crypto market in 2019.In a report published on Jan. 22, the research arm of major cryptocurrency exchange Binance suggests that throughout 2019, ETH had an average correlation coefficient of 0.69. The paper, which compared correlation data of 20 top…

Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin and altcoins are witnessing some profit taking today, but the overall uptrend remains intact.

Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
The collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the rehabilitation plan.

Pakistani blockchain marketplace completes record $30M raise
With total funding of $37.8 million to date, Bazaar Technologies is among Pakistan’s most capitalized startups. 382 Total views 414 Total shares Pakistani blockchain-powered business-to-business (B2B) marketplace, Bazaar Technologies, has secured $30 million in the country’s largest Series A round to date.Bazaar announced the closure of its latest raise on Aug. 24, revealing that th…

Solana Ventures, Lightspeed Venture Partners and FTX launch $100M gaming fund
The intersection between blockchain technology, cryptocurrency and gaming is creating a new reality for gamers. 1414 Total views 5 Total shares Some of blockchain’s biggest venture firms have spearheaded a new investment fund dedicated to Web 3 gaming, also known as GameFi, potentially opening the door to a highly lucrative industry that sees cryptocurrency and…

Ball’s in Their Court: Crypto Custodians Waiting on Regulators to Act
The business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on May 29 that it had expanded its cryptocurrency services through the introduction of crypto custody and trading. The private bank first announced its crypto initiatives…