Ledn secures industry-first $50M Bitcoin-backed syndicated loan

Ahmet Usta went from studying aircraft to founding thriving Web3 startups focusing on gaming and NFTs. 224 Total views 17 Total shares A popular adage says that the path to success is not a straight line. Sometimes, it leads to various detours along the way, like learning about developing aircraft, being a writer, keeping an…

The United States Securities and Exchange Commission has charged a former pastor and his wife for stealing $500,000 through a trio of fraudulent businesses, including a cryptocurrency offering purportedly backed by a bottled water business.According to a complaint filed on April 2, the pair also sold fake shares in their struggling water business, Teshuater, in…

A body representing FTX customers said it is “extremely disappointed” by the company’s reorganization plan. 117 Total views 2 Total shares FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for it to become operational as an offshore entity. However, a body…

Kraken said its staking business had grown by more than 950% since the beginning of the year to reach $16 billion in November. 42 Total views 5 Total shares Major cryptocurrency exchange Kraken has announced that it purchased blockchain infrastructure company and investment manager Staked for an undisclosed amount.In a Tuesday announcement, Kraken — the…

The bear market is affecting all segments of the crypto industry, including Bitcoin miners, which have seen their revenues decline sharply this year. 492 Total views 3 Total shares On Tuesday, Bitcoin (BTC) mining company Mawson Infrastructure Group said that it was suspending major capital expenditures until market conditions normalize. In addition, the firm is…

Amid news of its recent spat with the United States Securities and Exchange Commission, relatively few people have likely heard about Telegram’s Open Network competition that occurred some weeks ago. It was a milestone event that transformed the once-miniscule TON developer community writing in Fift (TON’s general-purpose programming language), which differs greatly from common languages…

Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities. 278 Total views 4 Total shares Own this piece of history Collect this article as an NFTCryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users.The Dubai-based…

The United States Federal Reserve chair Jerome Powell will give a speech on the Fed’s monetary policy in several hours. Contrary to expectations, it might not have any major impact on the price of Bitcoin (BTC).The daily price chart of Bitcoin. Source: TradingView.comThe markets are seemingly expecting the Fed to showcase significant changes to its…

The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Monday, Dec. 10.Sampayo explained that KFC had discussed a crypto-related test with Dash, but the contract has not yet been finalized. He also said that processing payments with…