Monthly Archives: November 2021

SoftBank-Backed Brazilian Bitcoin Exchange Raises $50 Million In Extension Round

2TM, the owner of Mercado Bitcoin, had captured $200 million in July and is now valued at about $2.15 billion. 2TM, the owner of Brazil’s biggest bitcoin exchange, Mercado Bitcoin, has raised $50 million in an extension round. Now valued at $2.15 billion, the group had captured $200 million in July from SoftBank Group Corp. Mercado Bitcoin has over 3 million clients, while the country’s stock exchange has 3.8 million individual investor accounts as of the first semester of this year. 2TM, the owner of Mercado Bitcoin, […]

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Ethereum approaches a new ATH, but derivatives data reflects mixed emotions

Ethereum price appears en-route to a new all-time high, but data shows retail and pro investors are slightly skeptical about the current rally. Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets. Ether ETH/USD price at Bitstamp. Source: TradingView While it is possible to draw a descending channel that shows support […]

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TabTrader Token Is Launching on AcceleRaytor and Solanium

PRESS RELEASE. Amsterdam, the Netherlands, 29th of November, 2021: TabTrader is excited to announce the launch of our own token (TTT) on Solanium and AcceleRaytor on December 1 🚀, aspiring to be the ‘ultimate trading terminal’; we are now on the way to drastically expand. DeFi is the future and TabTrader 2.0 makes sure to be a part of it! Following a recent closing of an $5.8 million equity round, TabTrader is ready to launch TTT to incentivize trading and accrue value for token holders. By participating […]

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$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal

The company projects it can mine up to 25,000 BTC per year by 2024. In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms. After the deal consummates, Griid will list on the New York Stock Exchange under the ticker symbol GRDI. The deal […]

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UAE issues first NFT stamps in the Middle East

The United Arab Emirates has adopted a favorable approach towards crypto. Now, its postal operator is issuing NFTs to commemorate National Day. The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally.  Emirates Post Group, or EPG for short, announced this week that it has become the first postal organization in the Middle East and North Africa to issue digital-collectible stamps. The new stamps, which will be […]

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Bitcoin Mining Company Griid Plans for Public Listing on NYSE via SPAC Deal

After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE) after merging with the company Adit Edtech. Griid to Go Public in a Merger With Adit Edtech Acquisition Corp Griid Infrastructure currently operates three U.S.-based mining facilities and aims to have 734 megawatts (MW) operational by 2023. On Tuesday, the company announced […]

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Bitcoin Miner Griid Plans To Go Public In $3.3 Billion Merger

The Cincinnati-based miner is expected to list on the NYSE under the ticker symbol GRDI in a SPAC deal with Adit EdTech to close in Q1 2022. Bitcoin Miner Griid Infrastructure LLC announced today it had entered into a definitive merger agreement with Adit EdTech Acquisition Corp. to list on the New York Stock Exchange (NYSE). Adit EdTech will acquire Griid Holdco LLC, a newly formed holding company and parent of Griid, in a deal that values the combined company at about $3.3 billion. Upon completing the […]

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Bitcoin, stocks and commodities correct after Fed chair mentions policy change

BTC, stocks and commodities took a hit after the Federal Reserve acknowledged that inflation is more than just a “transitory” problem and hinted that tapering could occur sooner than expected. Global financial market took a hit on Nov. 30 after comments from U.S. Federal Reserve Chair Jerome Powell hinted that inflation and the Omicron COVID-19 variant are growing threats and that the bank’s easy money policies could end sooner than anticipated. Prior to Powell’s comments, Bitcoin (BTC) had been on the rise and the digital asset had […]

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ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project’s recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit […]

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Leapfrogging Legacy Banking To A Bitcoin Standard

How looking at the history of technological adoption can give us insights into where Bitcoin could be embraced the fastest. Intro Throughout time, technology has proven to change our lives by leveraging efficiencies in energy. New ways in how we hunt have saved time and energy for innovation and to live more intentionally. Currently, Bitcoin presents an immense opportunity to change the lives of those who are burdened by old forms of manipulated money and preserve their time and energy. It is the first self-sovereign, programmable money […]

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