Private Blockchain Project Funding Accelerates as Companies Race to Address New Needs

Blockchain operations are increasingly embracing more traditional financing from big-name venture funds to leverage these strategic stakeholders’ benefits instead of crowdfunding avenues popularized during the last blockchain hype wave. Funding Roundup: Concordium, StakeWise, and Automata Reveal Private Capital from Leading Funds In a significant departure from the last crypto startup wave focused on raised public capital in the form of initial coin offerings (ICO), token sales, and exchange launches, today’s advancing blockchain initiatives are increasingly tapping private capital from venture funds. Though the sums awarded aren’t eclipsing the billions raised…

Read More

South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges

An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend. Figures Are Now Higher Than 2018 According to the report made by Dong-A, a major South Korean newspaper, domestic crypto investors transacted around $7 billion per day in the period ranging from January 1 to February 25, 2021. Kim Byeong-wook, a parliamentary member of the Democratic Party, compiled the numbers by extracting…

Read More

Publicly Listed Maker of Billion-User Chinese App Meitu Buys $40 Million of Bitcoin and Ether for Its Treasury

One of China’s top internet app makers, Meitu Inc., is adding up to $100 million worth of cryptocurrencies to its treasury, joining a growing list of companies worldwide to do so. The company has already purchased $40 million worth of bitcoin and ether for its balance sheet. Chinese Public Company Adds Bitcoin and Ethereum to Treasury Reserves Chinese public company Meitu Inc. announced Sunday: The group has purchased 15,000 units of ether and 379.1214267 units of bitcoin (BTC), both cryptocurrencies, in open market transactions at an aggregate consideration of approximately…

Read More

Biden’s $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy

On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the direct cash payments, Biden’s American Rescue Plan is also filled with pork-barrel items that have nothing to do with coronavirus relief. The So-Called ‘American Rescue Plan’ Americans are expecting a third stimulus check in the near future, after members of the…

Read More

PokerTON on Telegram: Game Community Reaches 85,000 in 2020 and Continues to Grow Rapidly

PRESS RELEASE. PokerTON – a Telegram-based platform for playing poker. PokerTON is one of the most successful projects of the Free TON blockchain affiliate program for companies that are implementing a TON Crystal in their business processes as payment methods. Since its release in May 2020, the PokerTON community has grown to 85,000 people worldwide and continues to grow rapidly. In May 2021 PokerTON had 120,000 players on the platform. Free TON blockchain platform successfully launched in May 2020. At the end of the year, the Free TON community included…

Read More

IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income

The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association presentation on combating fraud, Forbes reported. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS criminal investigation professionals to work on this operation.…

Read More

Paypal Acquiring Crypto Security Firm Curv to Expand Digital Asset Initiatives

Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto security infrastructure provider Curv. According to Paypal, this acquisition will help the company “expand its initiatives to support cryptocurrencies and digital assets.” The deal is reportedly worth less than $200 million. Paypal Holdings Inc. (NASDAQ: PYPL) announced Monday “that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets.” Founded in 2018 by CEO Itay Malinger and CTO Dan Yadlin, Curv is a leading provider of cloud-based infrastructure for digital…

Read More

Burned Banksy NFT Sale Captures Close to $400K, Critics Claim Buyers Are ‘Morons’

On March 3, a group of anonymous art enthusiasts decided to burn an original Banksy screenprint worth roughly £70,000 or around $95,000 USD, and then turned it into a non-fungible token (NFT) asset. The art now exists as an NFT and was auctioned for 228.69 ethereum or $394k using today’s ether exchange rates. However, not everyone was impressed by the NFT transformation, as the cofounder of myartbroker.com says the NFT sale raises the idea that “the only morons in this transaction are the buyers and stunt artists themselves. A Burned…

Read More

Indian Government Open to Exploring Cryptocurrencies — Finance Minister Offers New Clues About Crypto Regulation

The Indian finance minister has finally revealed clues about what is in the cryptocurrency bill that is due to be introduced in parliament. Mentioning no crypto ban, she said that the government will take “a very calibrated” approach to cryptocurrencies. Indian Finance Minister Provides Clues on Upcoming Crypto Regulation Indian Finance Minister Nirmala Sitharaman shed some light on the upcoming crypto regulation in her country during CNBC-TV18’s IBLA townhall Friday. This is the first time she talked about the content of the bill and the Indian government’s plans on regulating…

Read More

YIELD App Launches Ethereum Fund, Gives Users up to 20% APY

PRESS RELEASE. ESTONIA — MARCH 8, 2021 — YIELD App, the DeFi wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Ethereum fund, allowing users to earn high-interest returns on their Ether (ETH). Following a successful public launch and token listing (YLD), YIELD App can now offer its users up to 20% APY on their ETH and stablecoins. Ethereum deposits will be gradually open to YIELD App users over the next several days. The platform now accepts deposits of USDC, USDT, ETH, and…

Read More