Latest Market News
Bitcoin is regarded as the most popular cryptocurrency and has largely driven the frenzy behind the crypto industry in the past few years. The unique digital currency created by the anonymous Satoshi Nakamoto is revolutionary and kickstarted the era of decentralized financial systems.
Aurora Labs announced the $AURORA IDO on Boca Chica. 1,000,000 $AURORA tokens are available in the sale on BocaChica (NEAR).
Enjin has announced a $100 million fund to back projects building on Efinity and the broader Enjin platform. Dubbed the Efinity Metaverse Fund, this newly-launched fund will invest in teams that are integrating their products with Efinity, the Enjin Wallet and other Enjin products, NFT projects on Efinity and Polkadot, teams building decentralized infrastructure for blockchain interoperability, and other areas.
Major crypto-backed credit platform Nexo has added support for Avalanche’s AVAX token, according to a new announcement from the project. With the new addition, Nexo’s customers can now use AVAX tokens as collateral to take out loans, or lend AVAX tokens to earn interest. Of course, the platform can also be used to simply buy and sell AVAX.
Lately, despite an unclear stance of the regulators against cryptocurrencies, we have seen a huge surge in the installation of crypto ATMs around the world. Bitcoin Latinum (LTNM), a first asset-backed and insured cryptocurrency, has recently partnered with a US-based ATM company to help them install 100,000 LTNM ATMs across the country. Don Basile, the founder of Bitcoin Latinum, joined us to tell more about their plans with the partnership, as well as, explains how it will affect the entire crypto ecosystem.
The annual “Bitcoin & Beyond” global event is going live in one week. Industry leaders such as Sam Bankman-Fried, Raoul Pal, and the Tapscotts, will be delivering their speeches and participating in panel discussions.
Cryptocurrency industry giant Digital Currency Group (DCG) is being valued at over $10 billion, according to reports. CNBC writes that the likes of SoftBank, Ribbit Capital and CapitalG are among the new investors in DCG. The deal is reportedly worth $700 million, and it involved early investors in Grayscale selling some of their shares to the new backers. DCG CEO Barry Silbert, who has a stake of around 40% in the company, did not sell any of his shares.
The Sandbox, a game where users create and explore a “metaverse” containing NFT assets, has raised $93 million in a Series B round led by SoftBank.
GamBan is a highly recognized self-exclusion tool used by gamblers across the globe to overcome their addiction to gambling. GamBan works towards responsible gambling that usually blocks all the gambling sites and other sites related to gambling for a chosen period. There are multiple reasons for GamBan to add Crypto Platforms to their Database. Most importantly their customer base demanded such updates for a long time.
As we move through Q4, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
