In a pivotal strategic maneuver, Robinhood Markets, Inc. has announced its intent to acquire X1 Inc., a distinguished platform offering a no-fee credit card replete with rewards on each purchase. The acquisition, valued at an estimated $95 million in cash, is scheduled to be concluded in the third quarter of 2023, Aligning with Robinhood’s Vision […]
Binance, the world’s largest crypto exchange, has made Belgium its enemy. Belgium’s Top Regulator Takes Action Belgium’s Financial Services and Markets Authority (FSMA) has issued an order to Binance, the prominent cryptocurrency exchange, to immediately stop providing services to Belgian customers. The FSMA accuses Binance of violating the law by offering exchange and custody wallet […]
In an electrifying display of resilience, Bitcoin BTC, the world’s leading cryptocurrency, roared to a 52-week high on June 23, 2023. The digital asset’s price ascended to an impressive $31,400, revisiting a plateau not witnessed since June 2022. Catalysts for the Comeback However, this accomplishment did not occur in a vacuum. Its root causes lay […]
It’s often said that there are no winners in gambling except bookmakers. However, an exciting new blockchain-based betting platform, Chancer, is looking to revolutionize the world of online gambling by removing the need for a centralized body with its pioneering new peer-to-peer (P2P) social betting model. With P2P platforms like Uniswap already proving popular in […]
Georgetown, Cayman Islands, June 23rd, 2023, Chainwire Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. Tether USDt comes to […]
FTX, the prominent cryptocurrency exchange, has instigated an intricate legal battle against several investment firms and key individuals it previously associated with. The lawsuit, filed in the United States Bankruptcy Court for the District of Delaware, comes in the aftermath of FTX’s collapse and seeks a staggering sum exceeding $700 million from the defendants. The […]
In a significant turn of events, the International Monetary Fund (IMF) has adopted a nuanced stance on the global cryptocurrency discourse. The financial behemoth has asserted that an outright prohibition of cryptocurrencies may be unfeasible in the long run, marking a notable departure from previous approaches. This evolved outlook is an acknowledgment of the ineluctable […]
Two major Bitcoin miners, Hut 8 Mining and U.S. Bitcoin Corp, are joining forces to create a powerful crypto mining company in North America. The Power of Hashrate The merger will result in a new company called Hut 8 Corp., which will be based in the United States. It is expected to have a market […]
Atriv and Flare are partnering to fully open the NFT ecosystem to the less tech-savvy users. Partnership to Expand NFT Ecosystem Atriv, an AI-powered platform for digital art, has partnered with Flare, a data-focused Layer 1 blockchain. This collaboration aims to enhance the NFT ecosystem by bringing Atriv’s AI-driven NFT platform to the Flare network. […]
In an unprecedented move, Ripple, the renowned blockchain-based payments firm, has triumphantly secured an in-principle regulatory approval from the Monetary Authority of Singapore (MAS). This landmark achievement paves the way for the firm to offer its cutting-edge digital asset payments and token products within the thriving city-state. Harnessing On-Demand Liquidity The pivotal approval bestows upon […]
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