Sovryn, a bitcoin-based decentralized finance (DeFi) protocol for trading and lending, has raised $10 million in a token sale.
Sovryn said its "governance token" SOV was on sale, each for 9,736 satoshis, i.e., 0.00009736 bitcoin, or around $5.
That means Sovryn collected 200 bitcoin through the sale...
BlockTower Capital, a crypto industry investment firm, has received investments from billionaire hedge funder Marc Lasry and J. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission.
The investments were reported by Bloomberg. With the investments, the amount of whic...
Crypto exchange giant Binance announced Tuesday an investment in Multicoin Capital.
Multicoin is a hedge fund that invests in crypto startups. With the deal, Binance has now become a partner of the hedge fund.
"This is the first investment we have made of this nature. As a result, we will continue w...
Amazon Web Services (AWS), the cloud computing platform providing subsidiary out of the multinational technology company Amazon, announced today that Ethereum is now available on its Amazon Managed Blockchain service.
AWS users can now set up Ethereum nodes and join the public Ethereum main network ...
News
02 Mar 2021
Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more
Utah-based crypto tax and accounting startup TaxBit has raised more than $100 million in a Series A round.
First reported by Forbes, the round was led by investment companies Paradigm and Tiger Global, with participants including PayPal Ventures, Coinbase Ventures and Winklevoss Capital. The startup...
Asset manager VanEck's proposed bitcoin ETF is still before the U.S. Securities and Exchange Commission. On Tuesday, State Street announced that it had been appointed to a crucial role should the ETF move forward.
State Street would serve as fund administrator and transfer agent, according to a pres...
News
02 Mar 2021
Chinese state-owned capital is now indirectly backing a major bitcoin mining business
Quick Take
500.com’s recently acquired major bitcoin mining pool BTC.com.
The firm's pivot to mining appears to have started as early as March 2019, as it struggled to cope with China’s 2015 crackdown on online lotteries.
The new mining business is also indirectly backed by a Chinese s...
Gary Gensler, the former CFTC chairman nominated to lead President Joe Biden's Securities and Exchange Commission (SEC), said Tuesday that cryptocurrencies “have been a catalyst for change.”
His remarks followed a question about what Congress and the SEC can do to create “a more forward-thinking” bu...
Evolve Funds, which won approval from regulators in Canada for its bitcoin exchange-traded fund (ETF) last month, filed on Monday for a product based on ether (ETH).
The proposed ETF shares similarities with its bitcoin product, including how Cidel Trust Company and Gemini will serve as custodian an...
Publicly-traded bitcoin mining firm Bitfarms has ordered 48,000 new machines to expand its hashrate.
The Toronto Stock Exchange-listed company announced the news on Tuesday, saying that the new MicroBT machines will help expand its hashrate by over 5 exahash (EH)/ second from the current over 1 EH/s...
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