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On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball team’s “official bitcoin payroll platform.” NYDIG Inks a Multi-Year Partnership Deal With … Read more
The blockchain company Polygon has been chosen to join Disney’s Accelerator program, according to a Walt Disney Company blog post published on Wednesday. The company’s 2022 Disney Accelerator initiative is a business development program that aims to “accelerate the growth of innovative companies from around the world.” Disney’s 2022 Accelerator Is Focused on Artificial Intelligence, … Read more
Cryptocurrency markets are trading sideways today after Bitcoin and Ethereum prices struggled to hold support yesterday, dipping below the $20k and $1.1k levels. The release of CPI data showed rising inflation, and tech stocks tumbled yesterday, causing further market uncertainty. The good news is that stocks remained relatively steady yesterday, with the NASDAQ and S&P … Read more
The verdict is out. The U.S. Bureau of Labor Statistics released this month’s CPI numbers for Jun 2022, and the data suggests the continuing rise of inflation with an overall increase of 9.1% before seasonal adjustment. While the stock market hasn’t opened yet, experts suggest that the market will continue to slide amid the latest … Read more
The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capital injection of $75 million brings Animoca’s overall pre-money valuation to $5.9 billion. Animoca Brands Secures $75 Million to Bolster Digital Property Rights The Hong Kong-based … Read more
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have … Read more
Bitcoin price dipped below $20k, while Ethereum’s price struggled to hold above the $1k level as the global cryptocurrency market fell by over 3% losing $50 billion in valuation on Monday. Ethereum Price Down 6.94% This week, the cryptocurrency market continues to struggle as significant digital assets like Ethereum are down almost 7%. The reason … Read more
Cryptocurrency markets are off to a relatively slow start this week, with Bitcoin down 3.44% and Ethereum price down 3% in the past 24 hours. BTC remains above the $20k support level, while ETH holds the $1.1k support level. The global cryptocurrency market is down 2.82% but remains above $915 trillion, signaling that the market … Read more
Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and … Read more
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken … Read more