VC firms are slowing down crypto investments for a ‘nuanced reason’ — Venture Capitalist
Adam Cochran highlighted that crypto funding has slowed as venture capitalists prefer to focus on “breakout trends” rather than “moonshots.” Go to Source
Month: August 2024
Milei’s Government Creates ‘Minority Report’ AI Unit to Predict Crimes in Argentina
The government of President Javier Milei has created a security-focused artificial intelligence (AI) unit that will use learning algorithms and other technologies to supervise the internet and predict crimes before they happen in Argentina. The unit, created last week, has caught attention in social media due to its similarities with how police act in the … Read more
Pip World Buys Roblox Stock Simulator Game for Undisclosed Price
Stockrise, Roblox’s highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assessment and trading skills. The deal sees Stockrise join Pip’s social games ecosystem, which includes the immersive trading strategy simulator game Pip Trader. Boosting … Read more
BDAG’s Forthcoming Soccer Deal vs ADA & KASPA Market Moves
BlockDAG Takes the Field! Gears Up for Game-Changing EU Soccer Club Partnerships As KASPA Climbs and ADA Falters This article delivers pivotal updates from three major players in the cryptocurrency market. BlockDAG is setting the stage for a monumental partnership with three top European soccer teams. This move has sparked intense excitement and speculation. This … Read more
Robinhood Reports 161% Surge in Q2 Crypto Revenue
Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the rising value of both equities and cryptocurrencies. Robinhood Reports Record Q2 2024 Revenues Driven by Cryptocurrency Trading Robinhood Markets, Inc. … Read more
Bitcoin bull-bear cycle indicator flips bullish as price holds $60K
The Bitcoin bull-bear market indicator has turned green once more after Bitcoin’s drop below $50,000 triggered its first bearish signal since January 2023. Go to Source
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit … Read more
Tether to Increase Its Workforce to 200 by Mid-2025, Says CEO Paolo Ardoino
The CEO of stablecoin issuer Tether Holdings Ltd. has announced plans to increase the company’s employee headcount to 200 by mid-2025. The firm stated that a majority of the new employees will be assigned to the compliance team, while others will join the finance team. A Finance Behemoth With a Lean Structure Stablecoin issuer Tether … Read more
BlockDAG $2M Giveaway End Soon! PEPE Falters & Solana Ascends
Clock is Ticking: Investors Rush to Participate in BlockDAG’s $2M Giveaway As It Ends Soon! PEPE & Solana News Inside BlockDAG is nearing the grand finale of its $2 million giveaway in August, drawing a crowd of over 100,000 enthusiasts, and making it a pivotal moment in the crypto arena. The fervor is palpable as … Read more
Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash
Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by its over 7% drop in just three minutes on Aug. 4. Jump Crypto’s rumored offloading of more than 17,500 ether coins, as well as … Read more