Soccer Body UEFA Scores ‘Successful’ Blockchain Ticketing Trial
European soccer body UEFA says it has completed a “successful” trial of a mobile ticketing app built with blockchain.
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Collapsed Crypto Exchange Cryptopia Owes Creditors $2.7 Million: Liquidators
news The liquidators of failed New Zealand crypto exchange Cryptopia have released their first report on the firm’s financial situation, revealing that it owes over US$2.738 million to creditors. The appointed liquidator Grant Thornton New Zealand published its report Friday, saying that 69 unsecured creditors are owed at least $1.37 million and secured creditors over $912,000, with an…
Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed
Bitcoin’s uptrend continues with prices rising over 10% this month, extending October’s 40% gain and setting a new record high of over $68,000. However, institutions and large investors seem to be handing the baton over to retail investors ahead of the U.S. consumer price index data that could influence the Federal Reserve’s rate hike expectations.While…
Gemini, Genesis, DCG Sued by New York Attorney General for Allegedly Defrauding Investors
New York Attorney General Letitia James today filed a lawsuit against cryptocurrency companies the Gemini Trust Company (Gemini), trading firm Genesis Global Capital, and crypto conglomerate Digital Currency Group (DCG) for allegedly defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion.The lawsuit alleges that Gemini knew Genesis’ loans
A Major Regulatory Effort Is Brewing to Revive the US ICO Market
Some 80 representatives from the cryptocurrency and traditional finance industries trekked to Washington, D.C. on Tuesday with a singular message for U.S. lawmakers: we need regulatory clarity on cryptocurrencies and initial coin offerings (ICOs). That message was fully on display during the "Legislating Certainty for Cryptocurrencies" event held this week at the Library of Congress.…
Crypto Media Outlet Blockworks Raises $12M at $135M Valuation
Brandy covers crypto-related venture capital deals for CoinDesk. Crypto media outlet Blockworks has raised $12 million in a funding round led by private equity firm 10T Holdings at a $135 million post-money valuation. The capital will be used to help expand the outlet’s research and data analytics offering, Blockworks Research.“For the past year, we’ve been…
Web3 App Store Magic Square Unveils $66M Grant Program
Web3 app store Magic Square is dedicating $66 million worth of its native SQR token for grants to projects listed on its platform.The Ecosystem Grant Program consists of 120 million SQR, equivalent to 12% of the token's total supply, according to an emailed announcement shared with CoinDesk on Wednesday.The grants will help to finance the
Bitmain to Begin Selling New Bitcoin Miners Later This Week
Bitmain is launching two new Antminer models targeting the bitcoin mining industry. The crypto hardware manufacturing giant announced Tuesday that the new Antminer S15 and T15 machines will be powered by its recently revealed 7nm ASIC (application-specific integrated circuit) processor, and will go on sale on Nov. 8. The new miners "possess industry-leading hash rates…
Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
The market for stablecoins such as tether (USDT) and USD Coin (USDC) is expected to grow to trillions of dollars of supply and hundreds of trillions of dollars in transaction value in coming years as global audiences increasingly access the U.S. currency through these cryptocurrencies, alternative asset manager Brevan Howard Digital said in a report