Tag: Crypto

  • $82 million Series B investment for the cryptocurrency payments network Mesh is led by Paradigm.

    $82 million Series B investment for the cryptocurrency payments network Mesh is led by Paradigm.

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    V Sinclair

    Reported by The Block: Mesh develops a web3 payments system streamlining transactions between a user’s crypto assets and a merchant’s settlement requirements so that the user doesn’t have to swap assets in advance. The crypto payments network Mesh raised $82 million Series B funding led by the crypto venture firm Paradigm. Consensys, QuantumLight Capital, Yolo…

  • XRP Faces Potential Drop as Bulls Defend Key Support at $2.00

    XRP Faces Potential Drop as Bulls Defend Key Support at $2.00

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    Issac Lane

    XRP’s price recovery from its recent low of $1.94 has provided some relief to investors, but the cryptocurrency remains under pressure as it struggles to break key resistance levels. Despite its recent rally, XRP risks further declines unless bulls manage to hold the critical $2.00 support level. XRP’s Key Levels in Focus XRP has been…

  • Crypto Equities Drop as Bitcoin Dips Below $81K

    Crypto Equities Drop as Bitcoin Dips Below $81K

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    Oscar

    Bitcoin tumbled to a low of $80,226, triggering a widespread downturn across the crypto market. Leading altcoins also registered steep losses, deepening concerns among investors. The decline comes amid broader market fears, with potential tariffs from former U.S. President Donald Trump weighing on risk assets like crypto and equities. Crypto Stocks Take a Hit The…

  • Crypto Firms Spend $134M on 2024 US Elections, Raising Influence Concerns

    Crypto Firms Spend $134M on 2024 US Elections, Raising Influence Concerns

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    Issac Lane

    Cryptocurrency companies poured more than $134 million into the 2024 US elections, sparking concerns over their growing political influence and the potential risks this poses to regulatory stability, according to a report by the Center for Political Accountability (CPA). Growing Influence of Crypto in Politics The increasing involvement of crypto firms in US politics has…

  • China’s Bitcoin Reserves: Will Beijing Follow the US Playbook?

    China’s Bitcoin Reserves: Will Beijing Follow the US Playbook?

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    Issac Lane

    US Moves Towards Strategic Bitcoin Reserve On 7 March, US President Donald Trump signed an executive order to establish a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” This move signifies a major policy shift, with the US government now treating Bitcoin as a long-term store of value rather than simply seizing and liquidating digital…

  • New York Proposes Strict Bill to Combat Crypto Fraud

    New York Proposes Strict Bill to Combat Crypto Fraud

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    Oscar

    New York lawmakers are taking a bold step to curb crypto fraud with a newly introduced bill targeting rug pulls, private key theft, and lack of transparency in token ownership. Assembly Bill 6515, sponsored by Assembly member Clyde Vanel, seeks to establish strict penalties for deceptive practices in the digital asset space. Crackdown on Rug…

  • Bitwise Steps Into DeFi With Maple Finance Partnership

    Bitwise Steps Into DeFi With Maple Finance Partnership

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    Oscar

    Bitwise, a leading crypto asset manager and ETF provider, has made its first allocation into decentralized finance (DeFi) through a strategic partnership with Maple Finance, an on-chain credit specialist. This move highlights the growing integration of traditional finance with blockchain-based credit solutions. Bitcoin-Backed Lending: A Unique Opportunity Bitwise’s undisclosed allocation leverages Maple’s bitcoin-backed lending product,…

  • Solana Co-Founder Opposes US Crypto Reserve Amid Trump’s Strategic Plans

    Solana Co-Founder Opposes US Crypto Reserve Amid Trump’s Strategic Plans

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    Issac Lane

    Solana co-founder Anatoly Yakovenko has voiced his opposition to a US national crypto reserve, warning that government control could pose risks to decentralisation. His remarks come as former crypto exchange Mt. Gox moves 12,000 Bitcoin during a market downturn, and US President Donald Trump prepares to announce details of a strategic Bitcoin reserve. Yakovenko Criticises…

  • Animoca Brands Reports Growth as AI Cuts Costs by 12%

    Animoca Brands Reports Growth as AI Cuts Costs by 12%

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    Issac Lane

    Revenue Rises Amid AI and Optimisation Initiatives Animoca Brands has reported a 12% year-on-year increase in bookings for 2024, reaching $314 million. This growth has been attributed to the company’s ongoing innovation efforts and the strategic use of artificial intelligence (AI) to optimise costs. Bookings, a term commonly used in the gaming sector, represents the…

  • Ripple CTO Defends XRP Sales, Investors Concerned

    Ripple CTO Defends XRP Sales, Investors Concerned

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    Oscar

    Ripple’s CTO, David Schwartz, has defended the company’s right to sell XRP in its own interest, stirring fresh concerns among investors. His remarks follow criticism that Ripple’s ongoing XRP sales could negatively impact holders of the token. Ripple’s Stance on XRP Sales Schwartz, responding to Riot Platforms’ Pierre Rochard, reinforced that Ripple has no obligation…