Blockchain

United States-bases stablecoin operator Paxos has raised $142 million in fresh funding from investors including PayPal and Mithril Capital. The stablecoin issuer announced the news on Thursday. U.S. investment firm Declaration Partners, backed by billionaire David M. Rubenstein, led the funding round with other participants including RIT Capital Partners plc., Ken Moelis, Alua Capital, and

A hacker, who on Monday stole $8.3 million from the private wallet of Nexus Mutual CEO Hugh Karp, has sent a ransom demand for $2.66 million in Ether (ETH) embedded in the input data of an Ethereum transaction. In the poorly-worded Dec. 16 message, the attacker addresses Karp directly, and seems to suggest that they

Turkey’s crypto and blockchain ecosystem welcomed 2020 with big ambitions and a strong track record from 2019, which was its best year ever in terms of adoption. Following the release of Statista’s “Global Consumer Survey 2019,” which lists Turkey as a global leader by a wide margin in terms of crypto use, one major crypto

MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan. In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin adoption is now expanding from family offices and wealthy investors to bigger investors like insurance

December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase. Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at a rate of 0.75% due in 2025. The company now plans to invest the net proceeds

Darren Kleine, known to most by his handle DKleine, is an NFT artist with a decidedly specific niche — Zombies. We’re talking crypto zombies, political zombies, mustachioed Salvador Dali zombies. Zombies of all shapes, sizes, and orientations! If it’s green, dismembered, and loves the savory taste of a good brain, it’s ripe for tokenization (and

MicroStrategy (MSTR), a leading business intelligence firm, announced Friday that it has raised $650 million worth of convertible bonds to finance more Bitcoin (BTC) purchases, underscoring CEO Michael Saylor’s conviction in the flagship digital asset.  The company confirmed Friday that it had sold $650 million worth of convertible senior notes at a rate of 0.750%

Ethereum wallet MetaMask is seeking to attract institutional investors into the decentralized finance sector with the soon-to-be-launched institutional-grade version. The popular wallet, with more than 1 million monthly active users, introduced token swaps in October this year, and is now looking to expand even further. Developers ConsenSys identified that DeFi protocols are currently too inefficient

Amir Burno Elmaani, the founder of the now defunct cryptocurrency scheme Oyster Protocol, has been arrested and charged for what the Department of Justice describes as a “multimillion-dollar tax evasion scheme.” On Dec. 9, the DoJ announced it had unsealed an indictment charging Elmaani, who is also known as “Bruno Block,” with tax evasion. The

Enterprise blockchain applications are slowly but surely making their way to public networks, especially as new upgrades and features are being implemented into the Ethereum ecosystem. While Eth2 promises to bring scalability, security and capacity across the Ethereum network to advance enterprise use cases, other techniques are being developed to help enterprises properly leverage the

Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is far cheaper. In a Quartz report published yesterday, Springer said the San Francisco-based DocuSign’s 2018 integration of the Ethereum blockchain involved the use of smart contracts with

As mentioned by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price spent the weekend consolidating within a bull pennant and the breakout to $19,418 was quickly stamped out by overhead resistance. After retouching the pennant trendline, the price gave way, falling below the 20-MA on the 4-hour time frame and briefly losing the $19,000 mark. Crypto market

With just 44 days before Joe Biden’s inauguration as President of the United States, players in the crypto space are imploring Donald Trump to use his pardoning power for Silk Road founder Ross Ulbricht.  In a recent tweet from Jason Williams, the Morgan Creek Digital Assets co-founder pleaded for Trump to “do the right thing”

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price hits new all-time high as crypto market matures

Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system.  In an interview with CNBC’s Squawk Box on Friday, Brooks said: “We’re very focused on getting this right. We are very focused on

As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN.  VCOIN is only the third digital token to get such legal protection from the U.S. securities regulator, which makes it an exciting development. The SEC has been extremely active in punishing

CoinShares chair and former JP Morgan commodity trader Danny Masters told CNBC that the financial landscape has changed to the point where not having exposure to Bitcoin could be a riskier move for portfolio managers than investing in it.  Interviewed on Power Lunch, the head of the digital asset management firm referred to the fact

Canadian businessman Kevin O’Leary, who appears on the reality TV show Shark Tank, has seemingly softened his stance on Bitcoin after speaking with Anthony ‘Pomp’ Pompliano.  In an episode of the Pomp Podcast released today, Shark Tank’s Kevin O’Leary appeared to be moving past his statements last year when he declared that Bitcoin (BTC) was