In anticipation of AVA mainnet launch this summer, Emin Sirer’s AVA project raises $12 million from major industry investors. The Avalanche Foundation, the organization behind the Emin Gün Sirer-founded blockchain protocol Avalanche, has raised $12 million in a new private token sale. According to an announcement on June 25, the sale was led by major […]
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AMD and ConsenSys’ W3bcloud joint venture obtained $20 million through the sale of convertible notes. The joint blockchain cloud computing venture of computing giant AMD and Ethereum-focused development firm ConsenSys has received $20.5 million in funding. According to a June 25 announcement, AMD and ConsenSys’ W3bcloud joint venture obtained the funds through the sale of […]
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The New York Department of Financial Services is requesting comments on its amendment to the BitLicense that would help smaller companies be regulated. The New York State Department of Financial Services, or NY DFS, is proposing a “Conditional BitLicense” framework to reform its controversial BitLicense regulation introduced in 2015. In a request for comment released […]
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Norwegian seafood producers seek to prove high-quality and fully traceable fish products through blockchain despite the technology’s drawbacks. Imagine sitting down at your favorite restaurant and ordering a fresh filet of salmon, only to later discover that the “salmon” dish wasn’t actually salmon. As horrifying as it may sound, this scenario is actually quite common. […]
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Wirecard is now filing for insolvency as a sudden $2.1 billion hole in its balance sheet wipes out 32% of the supposed assets owned by the company. Troubled fintech company Wirecard, which powers many of the crypto debit cards on the market, has reportedly filed to open insolvency proceedings. As reported by Wall Street Journal […]
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Ripple co-founder Chris Larsen discussed U.S. regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China. In a recent interview with Wall Street Journal reporter Paul Vigna, Ripple’s co-founder and executive chairman Chris Larsen said that the United States has been “slow to the game” in terms of experimenting, implementing […]
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Surprise Binance listings have led to a sudden 25% spike in the price of Compound’s Governance Token. The price of the Compound Governance Token (COMP) has jumped by one-quarter on news of a surprise listing on leading cryptocurrency exchange Binance. COMP tokens began trading approximately one week ago, quickly making triple-figure gains and attracting millions […]
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Paragon Coin will face federal claims from a class-action lawsuit alleging that the firm’s $70 million ICO from 2017 violated securities laws. A Californian federal judge has certified an investor class in a lawsuit alleging that the cannabis crypto firm Paragon Coin Inc violated securities laws in its 2017 initial coin offering (ICO) that raised […]
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The price of Bitcoin dropped below $9,000 as several factors put pressure on BTC/USD, including correlation with global stock markets. The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX. Four factors are likely behind the […]
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DeFi project Balancer has hastily conducted a community vote to determine how to limit attempts to exploit the protocol’s token reward system. Following the meteoric launch of Balancer Labs’ governance token, the decentralized finance (DeFi) protocol has quickly implemented changes to limit large players from exploiting the platform to mine BAL tokens, rather than for […]
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