Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Crypto quant firm Gauntlet valued at $1B following Series B
The company has found a strong niche in the DeFi sector, with projects like Aave and Compound among its biggest clients. 313 Total views 5 Total shares Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds.The investment round was led…
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Why traditional marketers fail in Web3: Avoiding these failures
“You can fork code, but you can’t fork a community.” I wish I had come up with this gem of a saying. I use it extensively. I also wish I knew who to credit it to. Heard it on a podcast several years back, and it hit me like a ton of bricks. 2023 marks
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Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B
The company’s valuation grew from just $410 million in 2021, reflecting the rapid expansion of the NFT economy. 118 Total views 3 Total shares Australian NFT trading platform Immutable announced a $200 million Series C funding round led primarily by Singaporean state-owned investment firm Temasek and with participation from Animoca Brands and Tencent. Additional investment from ParaFi…
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Why isn’t the Federal Reserve requiring banks to hold depositors’ cash?
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. Since that time, banks in the United States have not been required to actually hold any depositor money in the bank, making a flawed system — fractional reserve banking — worse. With Silvergate Bank, Silicon Valley Bank and Signature Bank now shuttered, many…
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SEC charges siblings over $60M Ponzi touting crypto trading bot
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
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Bitcoin bull cycle gaining steam: Whale cluster at $13K is now a support zone
Data from Whalemap shows $13,000 is turning into a BTC whale support as the price of Bitcoin hovers above $13,600. 1446 Total views 19 Total shares According to on-chain data from the analysts at Whalemap, $13,000 has become a support level for the price of Bitcoin (BTC). Whale clusters indicate that whales — or large…
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Gaming Giant Atari to Use its ‘Atari’ Token for Betting, Gaming and Shopping
Gaming behemoth Atari announced that holders of its blockchain token will be able to spend it on betting, gaming and shopping. 1226 Total views 30 Total shares Gaming behemoth Atari announced that holders of its Atari token will be able to spend it on betting, gaming and shopping.According to an announcement on June 12, the…
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Do Kwon faces fraud charges from US prosecutors hours after arrest
The Terraform Labs CEO is now facing fraud charges in South Korea, the Securities and Exchange Commission and federal prosecutors in New York. 179 Total views 6 Total shares Own this piece of history Collect this article as an NFTTerraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New…