BlockFi Valued at $3 Billion After Raising $350 Million

The Future of Finance BlockFi, a New Jersey-based cryptocurrency lending platform, is worth over $3 billion after its latest funding round raise. The Series D funding, which totaled $350 million, came from many venture capitalists, including Bain Capital, Pomp Investments, and Tiger Global.

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Leading Cryptocurrency Trading Platform Phemex Introduces Trader’s Arena Challenge, $2M In Prizes

Phemex, the fastest cryptocurrency exchange, is calling global crypto traders for another contest – The Phemex Trader’s Arena.   Here’s how Phemex is combining eSports-like team tournaments with high-speed cryptocurrency trading for an exciting and unprecedented trading challenge with up to $2 million in prizes.

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4 Strategic Ways Crypto Marketers Can Influence the Crypto World

According to a recent study, the global cryptocurrency market in 2019 was approximately $792. 53 million and is expected to hit about $5,190 million by 2026. Statistically, it’s crystal clear that digital coins are gaining a lot of traction as they continue to grow in value.

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Bit.com global trading competition grand prize pool up to 1,000,000 USDT

Cryptocurrency derivatives exchange bit. com is holding a groundbreaking trading competition with a grand prize of up to a staggering 1 million USD. The fast-growing trading platform is already the secThe post Bit.

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Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion

U. S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round.

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Singapore’s Sovereign Wealth Fund Leads Digital Asset Bank Anchorage’s $80M Series C Round

Anchorage has raised $80 million in a Series C round led by Singapore’s sovereign wealth fund GIC with participation from a16z, Blockchain Capital, Lux, and Indico. “Largest sovereign wealth funds leading rounds in global crypto-asset custodians,” commented Su Zhu, chief executive officer, and chief investment officer at Three Arrows Capital.

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Dubai based crypto-fund calls Bitcoin “useless”, plans to trade $750 million worth of BTC for Polkadot and Cardano

For many investment firms, bitcoin is perhaps the only asset worth buying. Its popularity and value give the asset unique credibility that other altcoins are yet to attain. But for this Dubai-based global investment crypto fund, Bitcoin does not meet the requirements of a flagship digital asset.

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Global Crypto User Number Hits 100M Amid Growing Adoption

According to a report published by Crypto. com, global crypto adoption surged by 15. 7%.   Digital Currencies Continue to Perform There were over 106 million crypto users in January 2021 due to soaring demand for Bitcoin and massive growth in the DeFi sector.

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3 types of bitcoin investors that ‘should be concerning to central banks’

With 106 million global crypto users as of January 2021 and a crypto population that has now surpassed 100 million, a financial expert noted that central banks must now be wary of certain crypto invesThe post 3 types of bitcoin investors that ‘should be concerning to central banks’ appeared first on AMBCrypto.

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Cryptocurrency Adoption Passes Another Milestone Surpassing 100 Million Users

According to a new study conducted by Crypto. com, the total number of global cryptocurrency users has surpassed 100 million for the first time ever. The study, which measured the cryptocurrency marketplace’s size using onchain metrics, survey analysis, and internal data, recorded 106 million cryptocurrency users in January 2021.

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Global crypto population surpasses 100 million; Boomers and Gen X now 'keen on Bitcoin'

A survey from digital asset exchange Crypto. com estimated a 15. 7% increase in the global crypto population, in January alone. Overall, there are 106 million global crypto users as of January 2021.

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Clover Finance Raises $3M in Seed Funding; Bringing Ethereum DeFi Apps to Polkadot

Clover Finance, a cross-chain compatibility parachain on Polkadot, completed a $3 million seed funding round led by top firms including Polychain Capital, Hypersphere, Bithumb Global Divergence Ventures, a Medium blog post reads.

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This Radix-Inspired Alliance Wants to Bring DeFi to 100 Million New Users

Decentralized finance has shown the 1% that the masses do not have to remain subjugated to the wills of the financial ruling class. Global citizens do not have to yield to a financial system that benefits a privileged few; rather, they can utilize tools for financial freedom.

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TRON Plans to Expand Its Defi Economy With $10 Million Global Hackathon

In an effort to incentivize developer growth within the TRON ecosystem, the network is plotting its biggest hackathon yet. Branching out of its $120 million TRON DeFi Entrepreneurial Alliance Support Program, TRON is hosting a global defi hackathon with $10 million dedicated to rewarding participants.

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Bitcoin Mining Revenue Hits New All-Time-High of $354 Million 

The weekly mining revenue of global bitcoin miners hit a new all-time-high of $354. 4 million last week. Analysts say the new record is partly due to the surge in the price of the digital currency coupled with the skyrocketing network fees, according to reports on February 15, 2021.

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Celo Receives Additional $20 Million In Institutional Backing Amid Launch Of Global Payments Application And Exponential User Growth

Celo, an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone, today announced $20 million in...

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Siam Commercial Bank venture arm creates new $50M blockchain fund

CryptoNinjas » Siam Commercial Bank venture arm creates new $50M blockchain fund SCB 10X, the venture arm of Thailand’s Siam Commercial Bank, has announced it will create a new USD $50 million VC fund dedicated to investing in global early and growth stage blockchain, decentralized finance (DeFi), and digital asset startups.

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Amber’s $530 Million Exchange Plans Global Expansion  

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Guggenheim Trust Fund to buy $500 Million in Bitcoin via Grayscale after SEC’s Approval

The US Securities Exchange Commission today approved a filing by global investments and advisory firm Guggenheim to invest $500 million into Bitcoin via digital assets manager Grayscale. According to the US SEC filing, Guggenheim submitted an amendment proposal on November 27, 2020, to allow the firm’s $5 billion Macro Opportunities Fund to gain exposure by […]

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Gate.io Launches the Observation Zone Feature to Protect Ordinary Investors

Gate.io, a high volume and global cryptocurrency exchange with over 3.5 million users, is launching a new feature called the Observation Zone for emerging crypto coins. In a press release on Jan 27, the exchange said the goal is to encourage rational investments by reducing investor exposure to risky digital assets. Vigilance to Minimize RisksRead More

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No IPO for Coinbase; The 43 Million User-base Exchange is Taking the Direct Route

The biggest cryptocurrency exchange in the US, Coinbase, is planning to go public through a direct listing, said the company in a statement. It reads, “Coinbase Global, Inc. today announced its intent to become a publicly-traded company according to a proposed direct listing of its Class A common stock.

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Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’

The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency.

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Binance Staking Joins IOST, With 800M Staked IOST & A Big Staking Event

Top-ranked global exchange Binance officially joins the IOST blockchain as a partner node and will initially bring over 800 Million IOST for staking on the IOST network. This is according to an official IOST blog post on Jan.

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Crypto finance provider Amber surpasses $530 million AUM

Amber Group, a crypto finance service provider, announced today it has recently surpassed $530 million in assets under management (AUM), a 275% increase from $142M AUM reported in 2019. With an increasing number of new investors entering the scene, Amber’s surge in demand stems from the extension of their global strategic layout and the launch […] CryptoNinjas.

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FORSAGE xGold ETH

The launch of a new marketing program on the Ethereum blockchain yielded the members of the Global Decentralized FORSAGE Community over $8 million in a few days.

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bKash and Mobile Money Connect Through RippleNet To Power Wallet-To-Wallet Remittances

Today, we’re thrilled to announce our partnership with Mobile Money, a Malaysian mobile wallet company. Through RippleNet, Ripple’s global payments network, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS) which serves over 45 million users.

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Bitcoin Price Should Go Up, Says Scaramucci As Skybridge Capital Launches Bitcoin Fund

SkyBridge Capital, the global investment firm headed by Anthony Scaramucci, the former white house communications director is making rounds for the launch of its new Bitcoin fund, which has already reportedly raked in $310 million exposure to Bitcoin, as noted by the company in a press release.

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NexTech AR to Buy $2 Million in Bitcoin with Treasury Reserves

The firm joins several others deciding to hedge their reserves with BTC. Purchases by firms such as MicroStrategy appear to have also kickstarted the recent bullish price action. Another Company Chooses Bitcoin to Protect its Wealth The turbulent global economic picture this year has inspired yet another company to protect its wealth in bitcoin.

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US Firm Marathon Buys 70,000 Bitcoin Miners for $170 Million

Marathon already operates mining units in the United States. However, Monday’s deal will significantly increase the firm’s share of the global hash rate. Marathon Bitcoin Miner Order is Bitmain’s Largest to Date One of the biggest Bitcoin mining companies in the United States looks set to grow even larger in 2021.

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OKGroup leads $2M pre-IPO investment round in fiat-to-crypto service Banxa

Banxa, a full-service, internationally compliant digital banking infrastructure provider, announced today it has completed its USD $2 million Pre-IPO investment round. The round was led by OK Group, a global blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications.

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Here’s Why the PayPal News May Signal a Global Bitcoin “Hash War” is Looming

The crypto sphere was lit ablaze by news that PayPal and Venmo are both looking to roll out direct crypto trading capabilities to their users This comes as their competitor, CashApp, sees massive revenue inflows from its Bitcoin sales This is certainly a sign of growing retail adoption, and will place Bitcoin in front of the platform’s 325 million users scattered across the globe One prominent Bitcoin advocate is now noting that this marks the […]

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PayPal and Venmo Reportedly Moving Into the Bitcoin and Crypto Market

PayPal, the global payments network and industry leaders, is planning to start selling large-cap cryptocurrencies to its 325 million consumer base, as per reports on June 23. Turning to BTC CoinDesk quotes unnamed, “well-placed” industry members as the sources on the matter, with the latter stating PayPal will commence the “buys and sells of crypto”Read MoreRead More.

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Hunt For One Million Bitcoin Leads to $100 Million Seized

The global nature of bitcoin and money is in full display today following an announcement by New Zealand they have seized about $100 million that belonged to Alexander Vinnik, a... The post Hunt For One Million Bitcoin Leads to $100 Million Seized appeared first on Trustnodes.

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TradeConnect Selects BitGo for Custody & $100 Million Insurance Policy

London, UK. May 22, 2020 – TradeConnect, the multi-asset trading network that connects cryptocurrency traders with global financial markets including Forex, Stock Indices, Commodities (e. g.

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China-Based BTC Miner and Wallet, Bixin, Opens A $66M Crypto Investment ‘Fund Of Funds’

The announcement released on Friday states, Bixin will set aside 6,600 BTC (~66 million dollars) from its proprietary mining capital into the “fund of funds”. The funds will be invested in global quantitative trading funds with a special focus on arbitrage, BTC futures and general technical and trend analysis within the industry. As Bitcoin heads […]

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After Breaching $10k, The Probability of Bitcoin Hitting $1 Million Has ‘Risen Dramatically’: Raoul Pal

The founder and CEO of Global Macro Investor Raoul Pal asserted that he is super bullish on bitcoin after the virtual asset saw a key technical break as it tapped the $10k level. The move above $10k placed BTC in a “perfect wedge” structure which suggests that a bigger move is currently brewing. Pal, who […]

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Abra Cryptocurrency Wallet Gets $5M Investment from Stellar (XLM)

The Stellar Development Foundation (SDF), the non-profit organization focused on supporting the growth and development of the Stellar ecosystem, has invested $5 million in Abra, a global investment app and all-in-one cryptocurrency wallet.

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Bitcoin ATM operator Coinme raises $10 million Series A, led by Pantera Capital

Despite the global lockdown and reduced business activities, the cryptocurrency investment space continues to see larger deals. Today, Seattle-based Bitcoin exchange and ATM operator Coinme announced a $10 million Series A raise lead by Pantera Capital, as per a press release shared with CryptoSlate.

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Global Coronavirus Fiscal Stimulus of $8 Trillion with More Coming Up Fuels Crypto Boom

In quarter first of 2020, the US economy is contracting at a rate not seen since the Great Depression of the 1930s. Also, a total of 30 million Americans filed for unemployment claims in just six weeks.

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While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry

The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses.

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Cryptocurrency vs COVID-19: Bloomzed Project Founder Allocated $ 10 Million to Fight Against Coronavirus

Today, there is almost no place in the world left untouched by COVID-19. People suffer losses, businesses are counting their damage. The IMF assessed the economic impact of COVID-19 and considered the observed global downturn to be the worst since the Great Depression of the 1930s.

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How Realistic Is $1 Million Bitcoin?

Massive global quantitative easing has reignited price predictions for $1 million Bitcoin. Even in light of the coronavirus pandemic, are these prices realistic? Calls for $1 Million BTC by 2025...The post How Realistic Is $1 Million Bitcoin? appeared first on Crypto Briefing.

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Bitcoin Mining Manufacturer Ebang Eyes a $100 Million IPO

Bitcoin mining firms are expected to take a blow due to the global coronavirus crisis. In the case of Ebang, that may not necessarily be the case, as an IPO has been filed with the SEC. It is commendable to see Bitcoin mining firms look toward the future during these uncertain times.

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Countries in Europe Plan to Kickstart Economy as Global Coronavirus Cases Cross 3 Million

Coinspeaker Countries in Europe Plan to Kickstart Economy as Global Coronavirus Cases Cross 3 MillionWhile the total count of the infected COVID-19 cases continues to rise, countries mull the option of restarting economic activity on different fronts after a month of major lockdown.

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China Tries to Fill WHO’s Gaping Budget Hole With Peanuts After Trump Aid Withdrawal

The WHO has come under fire for its perceived bias towards China. Now the global health agency has received an additional $30 million from Beijing. The post China Tries to Fill WHO’s Gaping Budget Hole With Peanuts After Trump Aid Withdrawal appeared first on CCN.com

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The issues with traditional lotteries and how blockchain can resolve them

The lottery market is expanding - according to Marketing Insight Reports, in 2018 alone, the global lottery market size reached $302 million and it is expected to reach $380 million by the end of 2025The post The issues with traditional lotteries and how blockchain can resolve them appeared first on AMBCrypto.

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EzyStayz Partners with DexOne to Roll Out New Tokens on FobIgate Crypto Exchange

EzyStayz, a leading Australian global holiday rental website is set to launch its native cryptocurrency on Korean crypto exchange, FobIgate on April 20th, 2020, at an introductory price of $0.005. Notably, the EzyStayz platform boasts a massive 1 million listings in 205 countries around the world, over 80,000 destinations and more than 1,982 hotel chains […]

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Bitcoin Price Dives to $6,800, Leaving $40 Million in Longs Liquidated

After managing to retake $7,200 on the weekend, Bitcoin tumbled lower on Monday morning, falling in tandem with global markets as the coronavirus continues to ravage economies. As of the time of this article’s writing, BTC is trading at $6,840 — just under 7% below the weekend’s highs of $7,300 and nearly 9% below the...

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Wirex reaches “profitability” - aiming for 2020 US launch

UK based global digital payment platform Wirex says it now has 3 million registered customers in 130 countries and has reached profitability.

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