Neon Machine bags $20M to boost development of blockchain-based ‘Shrapnel’
Web3 gaming developer, Neon Machine, has successfully raised $20 million in a Series A funding round to expedite the development of its upcoming game, ‘Shrapnel’. This funding round follows a seed round of $10.5 million completed in June 2021. The Series A round was led by Polychain Capital and included contributions from Griffin Gaming Partners, […]
Blockchain research firms dismiss claims of Hamas raising crypto funds
Claims that Hamas, a Palestinian organization, is securing substantial funding via cryptocurrency have been dismissed by top blockchain forensics firms, including Elliptic. An Oct. 25 report from Elliptic refutes recent assertions from Democratic senator Elizabeth Warren and the Wall Street Journal (WSJ) that Hamas is garnering significant crypto donations. WSJ previously claimed that Hamas had […]
Grayscale ETF ruling triggers Bitcoin’s 7.6% daily gains
The implementation of a recent ruling regarding Grayscale’s Bitcoin ETF proposal is coinciding with considerable gains in the cryptocurrency market, including a 7.6% surge in Bitcoin’s daily value. A court mandate regarding Grayscale’s spot Bitcoin ETF proposal was issued on Oct. 23, followed by significant market gains. Grayscale aims to transform its GBTC fund into […]
Blackrock settles SEC charges for $2.5M amid anticipation for Bitcoin ETF review
Global fund manager BlackRock has agreed to settle charges by the U.S. Securities and Exchange Commission (SEC) by paying a fine of $2.5 million. The SEC alleged that BlackRock failed to accurately describe its investments in the entertainment industry, specifically in film company Aviron Group, LLC. The settlement comes as BlackRock awaits the SEC’s review […]
Global Bitcoin funds sees $57 Million inflow amid rising ETF interest
Global publicly traded crypto funds have received over $61 million in new capital, with a significant portion directed towards Bitcoin funds. These funds accounted for over 10% of all net deposits into crypto funds since the start of the year. This influx took place as Bitcoin’s price surged to $35,000, with investors eagerly waiting for […]
Could Dogecoin be your next big crypto investment? Analyst predicts bullish trend
A renowned crypto trader is forecasting a bullish trend for the popular MemeCoin, Dogecoin (DOGE), as crypto markets show signs of rejuvenation. The crypto analyst, known as Ali Martinez, posted on social media platform X, enlightening his 31,500 followers about Dogecoin’s potential upswing. According to Martinez, the Tom DeMark (TD) Sequential indicator has just given […]
US Government missed out on $116 Million gains after selling Bitcoin in march
The US government is reckoning with a $116 million blow, following the sale of a significant Bitcoin portfolio back in March. This loss comes as a result of a rapid increase in the cryptocurrency’s value. The US government sold 9,861 Bitcoin (BTC) in March for approximately $216 million. As of today, seven months later, that […]
Shiba Inu burn rate skyrockets by 400% after robust price performance
The Shiba Inu cryptocurrency continues to make waves, with its burn rate spiking by 400% amid a positive price trajectory. The Shiba Inu burn rate has seen an impressive surge. The development team behind Shiba Inu, the second-largest meme coin in the crypto market, has been actively pushing initiatives such as the burn rate program, […]
$480M worth of liquidation amid Bitcoin sustain $34,000 resistance
A gigantic rally in Bitcoin (BTC) has resulted in more than $480 million worth of liquidations in the digital assets markets. The data from crypto aggregator Coinglass revealed these liquidations within the past 24 hours. Bitcoin, the leading cryptocurrency, surged 9.4% in the same period, trading at $33,913. This marks an overall increase of over […]
SEC ordered to reconsider Grayscale’s Bitcoin ETF application
The U.S. Court of Appeals has instructed the Securities and Exchange Commission (SEC) to reassess Grayscale’s Bitcoin ETF application. The court order follows a judgment made on August 29, 2023, against the SEC’s refusal to allow Grayscale’s Bitcoin Trust (GBTC) to convert into a Bitcoin ETF. Grayscale argued that the SEC’s decision was “arbitrary and […]