Binance.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures. Binance.US has raised more than $200 million in a seed round to reach a pre-money valuation of $4.5 billion, the firm announced to Cointelegraph on Wednesday. Circle’s venture arm Circle…
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Blockchain.com, a cryptocurrency exchange and financial services firm, has reportedly launched an asset-management service for its wealthy customers. According to Bloomberg, the service is known as BCAM and will serve institutions, family offices and high-net-worth individuals. BCAM was founded in collaboration with Altis Partners, a futures portfolio manager that also manages investment portfolios using blockchain…
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The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market’s growth in 2021 was driven by utility. The BTCM Investor Study Report 2021 is an in-depth analysis of data from the BTCM exchange…
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It’s a great time to move Bitcoin (BTC) between wallets and exchanges. Bitcoin transaction fees have hit all-time lows in BTC, according to research by Galaxy Digital. #bitcoin fees are at all-time lows. the craziest thing? fall 2021 was the first bull run not accompanied by a major spike in fees. how is that possible?…
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Terra, the Blockchain outfit using Bitcoin (BTC) to back its new US dollar stablecoin, has bought over 5,000 BTC. Wallet data confirms that on April 6, Terra added another 5,040 BTC to its balance, which now totals 35,768 BTC. Terra buys the dip… again The move comes after a multi-day lull in buying activity by…
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Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics. Scaramucci is a former Director of Communications at the White House and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund. He spoke candidly at the Australian Financial Review…
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Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions. The $70 million Series B funding round was led by Valor Equity Partners, with participation from Baillie Gifford, Goldcrest Capital, and several other angel investors. Lightning Labs builds additional…
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Bitcoin miner Marathon Digital Holdings plans on taking a big step toward carbon neutrality with plans to transition its Montana mining facility to use sustainable power sources elsewhere. The Nevada-based company intends on relocating its coal-powered Hardin, Montana facility to a location that uses sustainable, non-carbon emitting energy sources. The move is aimed at helping…
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It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” The comments…
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The European Commission is calling for financial services specialists to weigh in on the potential rollout of a digital euro. In a Tuesday notice, the European Commission’s Directorate‑General for Financial Stability, Financial Services and Capital Markets Union said it would be preparing an assessment of the central bank digital currency based on the expected impact…
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