Top Dog: Shiba Inu takes on Dogecoin after it cracks top 10 October 28, 2021 Shiba Inu coin has blasted its way into the top ten crypto currencies with a market cap of $40bn, briefly surpassing rival meme-coin Dogecoin. Shiba Inu’s price has exploded this year, up by 83m per cent in the past 12 months and 147 per cent just this week to make it the world’s tenth largest [...]
The Economist sells NFT cover image for $420k October 28, 2021 Current affairs magazine The Economist has auctioned off one of its cover images as an NFT raising $420k (£305k) with the sale. The image first appeared on the front of a September edition of The Economist which focussed on the rapidly expanding, often mystifying world of Decentralized Finance. The successful bidder offered 99.9ETH for the [...]
El Salvador’s government picks up 420 Bitcoin amid price dip October 28, 2021 El Salvador’s government, the first in the world to make a cryptocurrency legal tender, picked up 420 more bitcoins as price dipped below $60k. Bitcoin has been on a major hotstreak over the past two weeks maintaining a price above $60k for 11 consecutive days before finally deflating yesterday to $58k. El Salvador’s government used [...]
Cream Finance hacked for $130m in latest DeFi attack October 28, 2021 Cream Finance, a lending protocol based on the Ethereum network, has lost $130m of assets in one of the biggest DeFi thefts to date. The team behind Cream Finance confirmed its lending markets had been targeted by a large flash loan transaction, a type of exploit which is frequently used by hackers to target vulnerabilities [...]
Autumn Budget LIVE: Chancellor to usher in ‘age of optimism’ October 27, 2021 Expectations are sky high after Chancellor of the Exchequer, Rishi Sunak, promised to usher in an ‘age of optimism’ with the Autumn budget. While the official announcement is not expected until 12:30 this afternoon the Chancellor has already briefed press on where key portions of the money are going to be allocated. In fact, Sunak [...]
Coinlist valued at $1.5bn on back of $100m funding round October 26, 2021 Coinlist, a token listing and crypto exchange platform, has raised $100m (£72m) in a Series A funding round bringing its valuation to $1.5bn. The round was co-led by Accomplice VC and Agman Partners with participation from Alphemy Capital, Continue Capital and CMT Digital among others. The bumper valuation comes after the company benefitted from surging [...]
Big spenders: Fortnite rakes in $5.1bn from gamer purchases October 26, 2021 Fortnite has been revealed as the most profitable mobile gaming app as its owners continue a bitter legal dispute with Apple. The world’s most popular online game raked in $5.1bn this year from some 300m users who spent an average of $17 each according to new research by KLOC digital solutions. Pokémon trailed in second [...]
Ladbrokes owner Entain’s shares tumble as Draftkings drops $22bn offer October 26, 2021 Draftkings has said it will not be making a final bid to purchase Entain causing the ladbrokes owner’s share price to shed 7 per cent. Draftkings had offered 2,800 pence a share in cash and stock for Entain back in September, a $22.4bn offer which represented a 43 per cent premium over the company’s stock [...]
Saxo Bank’s crypto products rake in $2.5bn October 26, 2021 Online trading and investment platform Saxo Bank has announced booming intake from its crypto products amid surging demand. The bank’s turnover from crypto products exceeded $2.5bn (£1.8bn) for the year, leading the Danish online broker to increase position limits and add new crypto products in response to “exceptional” interest. Demand for the platform’s digital assets [...]
Facebook to spend at least $10bn on metaverse division October 26, 2021 Facebook has announced plans to spend big on its metaverse division which it will separate out from the wider company. In its third quarter earnings announcement the tech giant revealed it is bullish about the metaverse, an online space where people can interact, explore and make purchases as digital avatars, calling it “the next generation [...]
