Gate Ventures, Movement Labs, Boon Ventures to launch $20M crypto fund

As of Nov. 20, companies hold around 842,229 BTC or 4.54% of today’s Bitcoin (BTC) supply, according to the Clark Moody dashboard and data from Bitcointreasuries.org. This is equivalent to a staggering $15.3 billion at the current price of $18,200.Public companies and institutional investors are continuously accumulating Bitcoin. The spark that began with MicroStrategy’s ambitious $425…

Decentralized autonomous organizations (DAOs) started out as a simple concept envisioned as organizations, created by an idea and fueled by developers, that automate business functions and processes by leveraging smart contracts and all the fundamental tenets of blockchain. The core idea was to flatten the complex business process that various organizations are mired in and…

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…

Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes. 372 Total views 22 Total shares Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme.The pair reportedly persuaded their thousands of…

Sierra Leone’s president Julius Maada Bio announced a new initiative to create a national, blockchain-based credit bureau. The announcement took place at the 73rd Session of the U.N. General Assembly (UNGA) Thursday, September 27.The president presented the project as being poised to “radically transform” the country’s financial inclusion landscape.  The initiative is reportedly the result…

Bitcoin price drops more than 2% in an hour, leading to $127 million in long liquidations.

The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States.

South Korea’s Financial Services Commission has moved to ban cross trading on crypto exchanges in the country.The move is part of a raft of amendments to the country’s Act on the Reporting and Use of Certain Financial Transaction Information. Cross trading, an illegal practice in many jurisdictions, involves offsetting buy and sell orders for the…

When making a cryptocurrency purchase, users must decide between a broker, a digital asset exchange or a direct exchange with a seller. Although there are several different methods to purchase cryptocurrencies, the most common question investors will ask is if they should use a broker or an exchange. Perhaps, the most common between the two…