Polychain Capital leads $230m investment round in Avalanche – CityAM : CityAM September 16, 2021 Polychain and Three Arrows Capital have led a $230m investment round in the Avalanche network, buying up the company’s native crypto currency AVAX. R/Crypto Fund, Dragonfly and CMS Holdings were also among investors who bet big on Avalanche, an ultra fast, eco-friendly blockchain protocol which supports a growing ecosystem of DeFi projects. Proceeds from the sale [...]
Bitcoin edges closer to $50k as Ethereum’s Vitalik Buterin makes Time September 16, 2021 Bitcoin is back above $48k again this morning, as bulls eye another chance to creep over the psychologically-important $50k mark.
Bitcoin protests break out in El Salvador September 16, 2021 Protests in El Salvador turned violent as thousands of demonstrators expressed their anger about Bitcoin becoming legal tender. Yesterday, anti-government marchers took to the streets bearing signs which read “no to dictatorship” and “we were defrauded by Bitcoin”. Bitcoin ATMs, installed ahead of the crypto currency becoming legal tender earlier this month, were burned by [...]
Bitcoin protests break out in El Salvador – CityAM : CityAM September 16, 2021 Protests in El Salvador turned violent as thousands of demonstrators expressed their anger about Bitcoin becoming legal tender. Yesterday, anti-government marchers took to the streets bearing signs which read “no to dictatorship” and “we were defrauded by Bitcoin”. Bitcoin ATMs, installed ahead of the crypto currency becoming legal tender earlier this month, were burned by [...]
18.6m UK adults trust financial advice shared on social media, study finds September 16, 2021 Amid concerns about Kim Kardashian and so called FinTok influencers new research has found that 18.6m UK adults trust financial advice shared on social media platforms. A survey conducted by Skipton Building Society revealed that just two in five respondents would not trust social media stars when it comes to financial management. Young people were [...]
18.6m UK adults trust financial advice shared on social media, study finds : CityAM September 16, 2021 Amid concerns about Kim Kardashian and so called FinTok influencers new research has found that 18.6m UK adults trust financial advice shared on social media platforms. A survey conducted by Skipton Building Society revealed that just two in five respondents would not trust social media stars when it comes to financial management. Young people were [...]
NFT marketplace OpenSea finds executive guilty of insider trading September 15, 2021 OpenSea marketplace has confirmed a company executive is guilty of insider trading, using confidential information to profit big on NFTs. Yesterday, a Twitter storm broke out when the company’s Head of Product, Nate Chastain, was publicly accused of purchasing NFTs destined for the website’s front page before their public listing. The digital artworks would then [...]
Solana outage fixed as wider cryptocurrency market recovers September 15, 2021 Bitcoin continues its recovery after last week’s crash, currently sitting at more than $47,000 for the first time in five days.
Google inks deal with NFT company Dapper Labs September 14, 2021 Google has confirmed a partnership with Dapper Labs, the team behind popular NFT collectibles game NBA Topshot, to help the company scale. Dapper Labs has already developed an in-house blockchain, Flow, which helps its users to scale apps and games. Google will help to finesse the product by acting as a network operator, providing developers [...]
Are regulators starting to embrace digital assets? September 14, 2021 Writing for Crypto AM, Jonny Fry examines the regulation of cryptocurrencies and points to what a future under scrutiny could look like.