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2022-08-23 20:00:52 CryptoCom Announces “Nine-Figure Investment” To Overhaul its Stadium

CryptoCom is betting on sports to grow its business model. Today, it announced a major investment to remodel the Crypto.com Arena. As the crypto winter threatens to drive multiple cryptocurrency companies into bankruptcy, CryptoCom is still betting on expanding its brand despite recently laying off an important part of its workforce. On August 22, AEG Sports and Crypto.com announced a nine-figure investment plan to comprehensively renovate the Crypto.com Arena and Xbox Plaza facilities at LA LIVE.

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2022-08-22 21:05:11 Official Says Nearly 10,000 Cryptocurrency Mining Devices Seized In Iran

Iranian authorities have announced the seizure of 9,404 illegal cryptocurrency mining devices in Tehran since the end of March. Kambiz Nazerian, head of Tehran Electricity Distribution Company, said on August 22 that the mining devices were discovered by inspectors in different districts of the Iranian capital. In recent years, Iranian authorities have regularly announced the discovery of illegal cryptocurrency mining devices in different parts of the country. Bitcoin and other cryptocurrencies are created through a process known as mining, where powerful computers compete to solve complex mathematical formulas or puzzles.

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2022-08-21 21:40:06 Celsius CFO Says Company’s Cash Flow Will See It Through 2022

Celsius’ Chief Financial Officer has said that the embattled lender has sufficient cash to make it to the end of the year. Celsius paused customer withdrawals in early June as it ran into liquidity problems from a market downturn that also took down crypto hedge fund Three Arrows Capital and prompted others to request creditor moratoria from courts. Speaking for CEO Alex Mashinsky on a call with creditors, CFO Chris Ferraro said Celsius would receive $61 million in loans from Tether-owned Bitfinex and save $20 million on taxes and sales of mining rigs.

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2022-08-20 17:50:06 The case against BlackRock’s foray into Bitcoin

Bitcoin (BTC) received a much-needed boost when BlackRock, the world’s largest asset manager, announced its partnership with Coinbase to offer institutional clients access to BTC. In a blog post, Coinbase said the tie-in offers users of BlackRock’s Aladdin investment management platform direct access to crypto, starting with Bitcoin. Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock. On the whole, the news was well received by Bitcoin advocates. For example, the founder of 10T Holdings, Dan Tapiero, called this a significant “macro opportunity” for adoption.

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2022-08-19 18:10:07 Acala recovers 2.97 billion of aUSD stablecoin minted during exploit

Acala, a parachain project on Polkadot, says it has recovered about 2.97 billion from 16 addresses that minted 3 billion Acala USD (aUSD) in a security incident last Sunday. The error allowed some Acala liquidity providers to mint its native stablecoin and illegitimately move them into their control. Per the team, 99% of these “error mints” remained within addresses on the Acala network. This team halted the Acala chain and was able to freeze addresses that held the minted stablecoin.

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2022-08-18 18:30:17 Ripple, SBI Remit Join Hands to Enable Real-Time Payments Between Japan and Thailand

Talking about its growing footprints in Asia-Pacific, Ripple said it’s possible due to progressive crypto regulations and business innovations. Japan’s SBI Remit will use RippleNet Technology to enable instant money transfers between Japan and Thailand. The new partnership also brings Thailand’s Siam Commercial Bank (SCB) on board, Ripple said in a PR on Tuesday. As part of the arrangement, both SBI Remit and SCB will use Ripple’s enterprise blockchain solution RippleNet to process real-time remittance services. Right now, Thai recipients use local agents to retrieve cash sent by their relatives in Japan.

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2022-08-17 21:20:07 Crypto Lender BlockFi Named Fastest-Growing US Firm

Inc. magazine has recognized crypto firms as among the fastest-growing privately-owned companies in the U.S., with BlockFi taking the top slot on its list.This comes as a huge validation for the industry, which has been fighting for legitimacy since its inception.Other top crypto-related firms featured are Polygon, CoinFlip, and Distributed Ledger. The Inc. 5000 list ranks the crypto lender at number one in 2022, having experienced 245,616% growth, leading its nearest rival by 99,000%.

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2022-08-16 22:01:52 Crypto Lender Hodlnaut Files for 'Breathing Space' Creditor Protection

More than a week ago, the troubled crypto lender Hodlnaut froze user assets on the platform. Now, the Singapore-based firm has applied for judicial management. Hodlnaut is a crypto lender that let users deposit cryptocurrencies like Bitcoin and Ethereum and earn interest. It is one of many crypto lenders to be struck down during the latest downturn in crypto market. First and foremost, the application, which was officially filed on August 13, will prevent the firm from having to sell its assets to make up for any shortfall on its books.

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2022-08-16 13:28:33 Win $100K with Tamadoge, the P2E Dogecoin

Tamadoge beta sale sold out, raising $2M in 14 days! Presale is now live:
tinyurl.com/8mf5mkph

Join the 100K giveaway: tinyurl.com/yc8ud5u7

$TAMA is the token of the Tamaverse - where you'll be able to mint, breed and battle your own Tamadoge pet in the metaverse

PRE-SALE INFO:
Current Pre Sale Price-0.0125 USDT (No vesting period)
Minimum purchase: $10
Maximum purchase: None
Maximum Supply of 1 Billion
Tamadoge is an ERC20 Token, buy TAMA with ETH, USDT, or fiat currency.
Connect your wallet at tinyurl.com/8mf5mkph
Get In Early On The Tamadoge Limited Pre Sale
Price will increase to 0.03 at the end of the presale (Don’t Miss Out!)
Presale investors will receive 50% of the maximum supply
LBANK & Uniswap listing confirmed (with more CEX Listings on the way)
The Next Meme Coin To Explode
Tamadoge contract address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Rug-pull protected - KYC’d on coinsniper.net/coin/3709 Open / Comment

2022-07-24 17:10:07 Traders Withdraw $3.6 Billion in Ethereum From Crypto Exchanges in 17 Days

The pencilled-in preliminary date for The Merge, revealed by the Ethereum developer Superphiz, is less than two months away and the announcement seemingly caused a number of developments to happen. First off, the network’s native token ether saw a significant spike in value and secondly, Ethereum’s hashrate has dropped 18.21% since June 30. On July 9, 2022, Bitcoin.com News reported on the delayed difficulty bomb and the fact that The Merge would be pushed back at least until September. The Merge is basically the upgrade that finally transitions the Ethereum (ETH) network from proof-of-work (PoW) to proof-of-stake (PoS).

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