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“# OpenSea exec used the platform’s influence to pump his own NFTs ” An OpenSea executive has been outed for hyping nonfungible tokens he purchased and then featuring them on the homepage of the popular NFT marketplace — a move that presumably allowed him to sell the art pieces for a quick profit. Nate Chastain,…
“# Amex Ventures backs $55M Abra raise ” Cryptocurrency trading platform Abra has raised $55 million in funding to bootstrap the next phase of its growth strategy, bringing several high-profile investors on board from both inside and outside the blockchain industry. Abra will use funds from the Series C investment to grow its product offerings…
“# Bitcoin miner maker Canaan records highest quarterly profit since 2019 IPO ” Despite the price decline for Bitcoin (BTC) in Q2 2021, mining hardware maker Canaan has recorded significant business gains during the period. According to Canaan’s unaudited Q2 financials published on Tuesday, the company recorded over $1 billion Chinese renminbi (about $167.5 million)…
“# Coinbase increases junk bond offering to $2B after investors swarm ” Leading U.S.-based cryptocurrency exchange Coinbase has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion. According to Economic Times, at least $7 billion worth of orders were…
“# Bitcoin billionaires back ‘moonshot’ scheme to resurrect woolly mammoths ” Bitcoin billionaires Tim Draper and the Winklevoss twins have backed a start-up dubbed “Colossal” that is aiming to resurrect woolly mammoths as part of the effort to fight climate change. The “de-extinction” focused bioscience firm closed a $15 million funding round on Sept.13, which…
“# Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs ” The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app. Lukas Schor —a product developer at Ethereum-based crypto wallet provider Gnosis Safe — revealed the firm ran…
“# US and Singapore companies collaborating: Okcoin partners with Hodlnaut ” Singapore-based crypto lending platform Hodlnaut will partner with United States crypto exchange Okcoin in an effort to drive adoption and crypto transactions among users. In a Wednesday announcement, Hodlnaut said the partnership would allow its users and those on Okcoin to purchase cryptocurrencies and…
“# Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis ” Digital analytics firm Chainalysis reported that the cryptocurrency market in Africa has grown significantly since last year in addition to the region having a larger share of overall retail transaction volume compared to the global average. In a report released on…
“# Google partners with NFT leader Dapper Labs to support Flow blockchain ” Search engine giant Google is joining forces with Canadian blockchain studio Dapper Labs to help support the development of new Web 3 products and services, including the wildly popular nonfungible token, or NFT, marketplace. As part of the deal, Google Cloud will…
“# Derivatives exchange dTrade raises $22.8M for market makers ” Decentralized exchange dTrade has raised $22.8 million for a market-making fund designed to provide the ecosystem with higher liquidity, potentially setting the stage for wider DeFi adoption on Polkadot once the DEX launches later this year. The funds will enable dTrade to launch with “deep…