Cryptocurrency exchange FTX continues to make a wave in the Esports industry. The exchange reveals a seven-year sponsorship deal with the “League of Legends” Championship Series (LCS).
The massive $1 trillion U.S. infrastructure bill put severe roadblocks for crypto companies operating in America. The bill involves a crypto provision with additional taxes for payments done in cryptocurrencies.
Closely followed crypto analyst Nicholas Merten says Ethereum is gearing up to explode into a new bull market phase.
In a new strategy session, Merten takes a look at Ethereum’s market dominance, which shows ETH’s market share relative to all other crypto assets. He notes that Ethereum’s market dominance is poised for a breakout as it threatens to take out a crucial resistance area.
The profits that you make when trading cryptocurrencies largely depend on how fast you can react to the ongoing changes in the market. When you are manually analyzing the market, it might be a little hard to react quickly to the changes.
Popsicle Finance ($ICE), a multichain yield optimization platform for liquidity providers has become the latest Defi protocol to face a major exploit on its network. The hackers managed to drain a whopping $25 million by exploiting a bug in the reward debt mechanism.
Bitcoin SV (BSV) was hit by a 51% attack last night, leading to over three malicious chains getting created and several blocks getting ‘reorganized,’ data from multiple sources showed.
Morgan Creek Digital co-founder and Bitcoin proponent Anthony Pompliano thinks Square’s value could increase to $1 trillion following the firm’s acquisition of Afterpay.
South Asian nation Cambodia is looking to replace the use of the US dollar, starting with its “Bakong”, central bank digital currency. The bet on CBDCs in Cambodia was made in lieu to later adopt the use of its own currency, the Riel in the country, and gradually shift away from the use of the U.S. dollar.
Matrixport, Asia’s fast-growing digital assets financial services platform closed its Series C funding round with a valuation of over US$1 billion — just two years after its establishment. This round was led by partners of DST Global, C Ventures, and K3 Ventures with other participants including Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures, and A&T Capital, along with earlier investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital. The Singapore-based start-up has raised $129 million to date.
Crypto exchanges and wallet service providers can now start advertising their products and services on Google as long as they meet certain guidelines. Google’s new policy on financial products and services, which was first published in June, came into effect on August 3, reversing the ban on crypto-related ads on its platform. Google first announced that it would allow such ads if the entities in question had registered with FinCEN.