Auradine Secures $80 Million in Series B Funding Ahead of Bitcoin Halving
Auradine, a leading blockchain technology company, has successfully closed an $80 million Series B funding round. The financing comes at a pivotal moment, just ahead of the anticipated Bitcoin halving event, underscoring investor confidence in the company’s vision and capabilities. The Series B funding round was led by prominent venture capital firms, with participation from […]
Is Mainstream Adoption of Cryptocurrencies Inevitable?
Inevitability is a bold concept. It suggests that something is bound to happen, regardless of any obstacles or challenges. When it comes to cryptocurrencies, this idea of inevitability has been a topic of discussion for years. Cryptocurrencies have come a long way since their inception in 2009 with Bitcoin. Initially considered a niche form of […]
Deribit to Establish Global Headquarters in Dubai Following VARA’s Conditional License Approval
Deribit, a leading cryptocurrency derivatives exchange, has announced plans to establish its global headquarters in Dubai, a strategic move propelled by the conditional license approval from the Dubai International Financial Centre’s (DIFC) regulatory authority, VARA. This decision marks a significant milestone for Deribit as it expands its footprint into the Middle East, positioning itself at […]
Bitcoin ETFs Witness Net Outflows amidst Price Drop below $67K Threshold
The landscape of spot Bitcoin exchange-traded funds (ETFs) is undergoing a tumultuous phase as net outflows persist, coinciding with a recent downturn in Bitcoin’s price, which has slipped below the critical $67,000 mark. Despite the widespread anticipation surrounding the launch of Bitcoin ETFs, recent data indicates a trend of net outflows in these investment vehicles. […]
Bitcoin’s New All-Time High (What This Means for Investors)
As of March of 2024, Bitcoin has reached a new all-time high of $73,835.57 per Bitcoin. With the halving fast approaching, many investors are wondering what this means for the future of Bitcoin and how they can take advantage of this unprecedented growth. Why Reaching A New All-Time High Matters When Bitcoin first came into […]
US Treasury Targets Russian Blockchain Firms Aiding Sanctions Evasion
The US Treasury Department is tightening its grip on Russia’s financial activities by targeting 13 companies and 2 individuals linked to the blockchain and virtual currency sectors. These entities are accused of aiding Russia in evading sanctions imposed following the invasion of Ukraine. The move, announced by the Office of Foreign Assets Control (OFAC), aims […]
South American Gold Miner Nilam Resources Set to Acquire 24,800 Bitcoin Amid Growing Crypto Adoption
South American gold miner Nilam Resources is diving headfirst into the world of cryptocurrency. The company announced plans to acquire a staggering 24,800 Bitcoin, valued at roughly $1.7 billion based on current market prices . This significant investment marks a major shift for Nilam, traditionally focused on gold mining in Peru. The company has signed […]
Will Bitcoin Become The Ultimate Form of Collateral?
What’s a common strategy that wealthy individuals deploy to remove the need to sell their assets for cash? Using these assets as collateral. Collateral is a valuable asset that is used to secure a loan or other financial transaction, providing lenders with security in case the borrower defaults. This practice has been around for centuries […]
Figure Raises $60M to Forge a ‘Unique’ Path in Crypto Exchange Development
Figure, a prominent player in the fintech and blockchain sector, has successfully secured a hefty $60 million in funding aimed at propelling its vision of creating a distinctive cryptocurrency exchange. The funding round, led by prominent investors, underscores a growing confidence in Figure’s ambitious plans to disrupt the traditional landscape of cryptocurrency exchanges. With this […]
Is Crypto The Answer To Financial Inclusion?
You’re probably familiar with cryptocurrency, such as Bitcoin and Ethereum, but have you ever considered its potential impact on financial inclusion? Although first-world countries have access to advanced financial systems, many developing countries still struggle with traditional banking and financial services. Crypto may hold the key to unlocking financial inclusion for millions of people worldwide. […]
