Author Archives: creative

Norwegian investment firm allocates $58M to Bitcoin and crypto ventures

Aker ASA has created a new subsidiary firm to hold Bitcoin on its balance sheet and invest in other companies in the crypto space. Aker ASA, a $6 billion Oslo Børs-listed holding company is set to begin investing in Bitcoin. According to a press release issued on Monday, Aker has created a new company called Seetee AS whose mission is to invest in Bitcoin (BTC). The newly formed Seetee will also delve into the Bitcoin mining arena while looking to forge useful partnerships with major players in […]

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Sands of change: UAE enables private sector to adopt blockchain tech

The UAE has been proactive in integrating blockchain into the existing governance ecosystem, and the private sector benefits from the spillover effect. It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector imaginable, from energy to shipping to media. To help the country with its adoption efforts, the UAE government has launched two extensive, well-crafted […]

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Bridging the Bitcoin gender gap: Crypto lets everyone access wealth

Bitcoin allows minorities to circumvent institutional banking processes that have long carried out discriminatory practices. There’s a rumbling in the crypto world. Long perceived — not unjustly — as a boys’ club, 2020 has seen more women entering Bitcoin (BTC) and other cryptocurrencies than ever before. If the trend continues, we’ll see a welcome influx of women in the space. A recent survey by Gemini reports that women’s investment in cryptocurrency has surged 20% over the past year among a nationally representative sampling of United Kingdom investors. […]

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ICON (ICX) unaffected by South Korean tax investigation into ICONLOOP, says chairman

The South Korean tax authority is trying to track the movement of ICO funds raised in foreign countries into its domestic markets. The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In a statement published on Monday, the chairman of the ICON Foundation, Min Kim, said that the ICON Foundation would not be affected by the investigation, noting that ICONLOOP is operated as a separate entity. The ICON […]

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US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail

Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of Justice (DOJ) similarly announced the jailing of Robert Joseph Farkas, another mastermind of Centra Tech. Both Sharma and Farkas are accused of using fabricated business relationships with legitimate institutions to dupe investors. […]

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Bitcoin closes its second-best week ever: 5 things to watch in BTC this week

$50,000 support remains elusive but data suggests that the Bitcoin bull run is still “sustainable” with few sellers lined up. Bitcoin (BTC) starts a new week on a firmly bullish note as stocks tumble and BTC managed to close the week above $50,000.  After a mixed performance last week that saw multiple tests of $46,000, buyer support is entering and BTC/USD is within 15% of all-time highs. Cointelegraph takes a look at what might lie in store for traders in the coming days with five factors likely […]

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McAfee claims DOGE price prediction to blame for latest US charges

Detained antivirus software entrepreneur John McAfee points a 1,000% spike of DOGE since he called it the “coin of the week” years ago. Troubled antivirus software entrepreneur John McAfee has claimed that Dogecoin (DOGE) was part of new charges brought against him by the United States Department of Justice. In a Sunday tweet, McAfee pinpointed that DOGE was one of several cryptocurrencies that he endorsed as part of his “coin of the day” tweets about four years ago. “For a few days in 2017 I chose coins […]

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The number of BTC held on exchanges crashed 20% in 12 months

Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges. Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months. The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch. #Bitcoin Balance on Exchanges taking another dive pic.twitter.com/F20tohfXsu — William Clemente III (@WClementeIII) March 7, 2021 On March 6, Glassnode also shared data revealing that coins purchased […]

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UFC announces regional partnerships with top crypto-only sportsbook

The world’s top mixed martial arts promotion has announced a partnership with Latin American crypto-only casino, Stake.com. Ultimate Fighting Championship, the world’s leading mixed martial arts, or MMA, organization, has announced an exclusive partnership with Stake.com — a leading crypto-powered online casinos and sportsbook. The partnership announced on March 7, will see Stake become UFC’s “First Official Betting Partner” in Asia and Latin America. However, the deal will exclude UFC’s key market in Brazil. The two firms began working together on March 3  — with Stake’s customers receiving […]

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UNI surges 50% in one week, becomes first DeFi DApp token in crypto’s top 10

Uniswap’s governance token has become the first DeFi token to rank among the ten-largest crypto assets by capitalization. The native token of leading decentralized exchange Uniswap has surged by nearly 50% this week, ranking UNI as the eighth-largest crypto asset with a $17.7 billion market cap as speculation builds for the exchange’s coming V3 overhaul. Messari currently ranks UNI as the -second-largest Ethereum-based asset by market cap behind Tether, beating out the Chainlink by nearly 50% of its capitalization. UNI broke into the top 10 on March […]

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