Business

Sfermion Raises $100M NFT Fund as Facebook Stokes Metaverse Mania

The NFT investment firm is led by podcaster Andrew Steinwold. The new fund includes commitments from Marc Andreessen and the Winklevoss twins.

Business  ·  1 November 2021

Digital Currency Group Achieves $10B Valuation in $700M Secondary Sale

Digital Currency Group, crypto venture capital company and CoinDesk parent firm, has raised $700 million in an investment round led by SoftBank.

Business  ·  1 November 2021

Binance Temporarily Disables All Crypto Withdrawals, Cites Backlog

Cryptocurrency exchange Binance has temporarily disabled all crypto withdrawals on its platforms due to a large backlog.

Business  ·  1 November 2021

Fortress Technologies Buys 4,500 Bitcoin Mining Machines From Bitmain

Bitcoin mining firm Fortress Technologies has purchased 4,500 Bitmain Antminer S19j Pro machines for delivery in monthly instalments from April to September 2022.

Business  ·  1 November 2021

Burger King to Give Crypto Rewards With Robinhood

Fast-food chain Burger King is partnering with brokerage platform Robinhood to give away crypto as prizes to its customers.

Business  ·  1 November 2021

Bitmain Appoints New Legal Representative and General Manager

The world's biggest crypto mining rig maker was engrossed in a feud between its co-founders in 2020.

Business  ·  1 November 2021

Amazon Web Services Looks to Drive Crypto Settlement and Custody to the Cloud

The right candidate will transform the way firms transact in crypto, stablecoins, CBDCs and NFTs, said an AWS job post.

Business  ·  30 October 2021

XRP Gets Wrapped by Tokensoft for Ethereum DeFi Debut

Tokensoft’s Wrapped is now taking a multi-custodial approach, having partnered with Hex Trust on wXRP.

Business  ·  29 October 2021

Why Cybersecurity Is an Important Consideration for Crypto Hedge Fund Launches

The looming threat of an exploit remains a hurdle as traditional asset managers spin up crypto funds.

Business  ·  29 October 2021

Hive Blockchain Outperforms Crypto Miners as Ether Reaches All-Time High

Shares of the diversified crypto miner outperformed peers as ether hit a new record.

Business  ·  29 October 2021

Richard Li, Winklevoss-Backed CMCC Global Targets $300M for Latest Crypto Fund

Venture capital firm CMCC Global is targeting $300 million worth of investments for its latest crypto fund with the backing of investors, such as billionaire Richard Li and Gemini co-founders, the Winklevoss twins.

Business  ·  29 October 2021

BSN Architect Red Date to Launch NFT Infrastructure in China

This is the only way to launch NFTs in China, said Red Date's the CEO.

Business  ·  29 October 2021

MicroStrategy Adds Almost 9,000 Bitcoins to Its Holdings in Third Quarter

The software firm said it owned a total of 114,042 bitcoins as of the end of September.

Business  ·  28 October 2021

How a 14-Year-Old Used Solana NFTs to Raise $100K for Beluga Whale Conservation

Following the success of her Solana NFT collection, 14 year old Abigail is donating $200k to beluga conservation and a children's hospital program.

Business  ·  28 October 2021