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News and Articles by Diana



Jimizz

Final stretch for the Jimizz ICO!

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On March 6, 2022, the Jacquie & Michel group will close the ICO intended to raise funds for the financing of its cryptocurrency: the Jimizz (JMZ). This leaves one week for the last investors to come forward. Despite a bear-market and a political context not very favorable to crypto-currencies,...

South Korea

South Korean crypto market rises to $45.9 billion

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A study by the Financial Services Commission of South Korea states that in 2021, the country's cryptocurrency market has increased to 55 trillion won ($45.9B). According to the regulator, in the coming years, investment in digital assets will only grow. Moreover, the activity of investors will...

Bitcoin funds

Bitcoin Funds for five weeks were able to attract $239M

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Crypto funds have been raising institutional capital for five consecutive weeks. In another study by the CoinShares team, it is noted that at the end of the past week, the number of funds invested in such products amounted to $36 million. If the American institutions sent $95 million to them, the...

CME

CME to Launch Options on Microfutures Based on BTC and ETH

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The Chicago Mercantile Exchange (CME) will launch option contracts, the underlying assets of which will be microfutures on Bitcoin and Ethereum. Trading in instruments will start on March 28, 2022, after approval by regulators. “Option contracts will allow traders to effectively hedge market...

Bitcoin

The number of addresses holding at least 1000 BTC rose to a 10-month high

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Whale wallets have been aggressively buying bitcoin over the past few weeks. According to the Glassnode platform, the largest addresses controlling at least 1,000 coins took advantage of the winter sales and market decline. They have significantly increased their reserves in BTC. Now the number of...

Bitcoin

Number of employees receiving a salary in BTC increased by 10% in 2021

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A study by recruitment company Deel says there has been a significant increase in the number of people who are paid wholly or partly in cryptocurrencies. The share of such employees increased last year by about 10%. Moreover, the researchers note that not only actors, athletes, and politicians...

VALR

South African Bitcoin exchange VALR raises $50M at $240M valuation

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South African-based cryptocurrency exchange VALR closed a $50 million Series B funding round led by Pantera Capital. Funding was also provided by Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon Ventures, Bittrex, and 4Di Capital. The...

Wyoming

Wyoming plans to launch its own stablecoin

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Representatives of the US state of Wyoming proposed for consideration a bill describing the procedure for issuing their digital currency. Based on the information provided in the document, lawmakers are proposing to issue a stablecoin that will be pegged to the US dollar. According to local media,...

Russia

Crypto exchanges are starting to leave the Russian market

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The American crypto company Coinbase, which owns the bitcoin exchange of the same name, announced the end of servicing Russian investors. Another marketplace, Kraken, said it was ready to follow the same path. However, it needs an order from the relevant supervisory authorities, said its CEO, Jesse...

Pantera Capital

Analysts at Pantera Capital announced a new bitcoin spurt

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Bitcoin, as a decentralized asset, benefits from any economic or political aggravation in the world. That is exactly the situation we are seeing now. The influence of the tax policy of the authorities also affects. For now, Bitcoin is stable, but a new rally awaits us very soon, analysts at Pantera...

ETH

Ethereum network fees have fallen by over 80% since the start of January

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Since the start of January 2022, fees on the Ethereum network have fallen by more than 80%. The average transaction processing fee is now $10.2, up from $52 at the beginning of the year. The decrease in commissions has been observed over the past seven days. On February 27, average network fees...

ArDrive

ArDrive storage app developers raise $17.2 million

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The team behind decentralized storage app ArDrive closed a $17.2 million investment round led by Arweave Team, Blockchain Capital, and Sino Global Capital. The corporate-focused ArDrive solution runs on the Arweave protocol. The latter is positioned as an eternal "collective hard drive"...

Ryan Reynolds

Ryan Reynolds shared his opinion on the future of cryptocurrencies

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Popular Canadian-American actor and film producer Ryan Reynolds has joined the list of celebrities who support the crypto industry. The other day, he gave an interview to the popular business publication, in which he expressed his point of view regarding digital assets. So, the man said that over...

Block

Block received $1.96 billion from the sale of bitcoin in the quarter

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In the fourth quarter of 2021, Block (formerly Square) generated $1.96B in bitcoin sales through the Cash App, developing a gross profit of $46M for the firm. The company's total revenue for the period reached $4.08 billion, up 29% year on year. In 2021, Block's revenue increased by 86% to $17.66...

Rakuten

Rakuten launches NFT marketplace

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Rakuten announced the launch of the Rakuten NFT NFT marketplace. The Japanese e-commerce giant attributed the move to the increasing adoption of cryptocurrencies in the country. The platform will provide users with the opportunity (from 2023, including peer-to-peer) to buy and sell tokens in...

China

China has tightened the responsibility for fundraising in crypto

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The Supreme People's Court of the People's Republic of China amended the legal norms on the illegal attraction of funds, toughening criminal liability. For raising funds in cryptocurrencies, the authorities have established a punishment in the form of imprisonment for a term of three years or more....

Ethereum

Ethereum volume on crypto exchanges fell to a three-month low

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The largest altcoin, Ether (ETH), has fallen over 12% in the last 24 hours. Cryptocurrency capitalization for the week decreased by almost 20% to $284.169 billion. Amid a market crash triggered by tensions in Europe, exchanges liquidated more than $400 million worth of positions on February 24. The...

Sam Cassat

The startup of the ex-manager ConsenSys raised $34 million

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Founded by former ConsenSys chief strategy officer Sam Cassatt, Aligned has raised $34 million in funding. The firm is building a Web 3.0 infrastructure. Aligned was backed by GSR, Altium Capital, Cavalry Fund, and Ninja4, as well as several business angels. There was no lead investor in the round....

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