Stronghold Digital Mining is raising $10 million in private equity funding to buy Bitcoin mining hardware. The Bitcoin mining firm is investing millions in mining hardware upgrades and expansion. In order to finance the acquisition of Bitcoin miners, Strong Digital Mining entered into a Securities Purchase Agreement with institutional investors
April 21, 2023 1 min read
Bluesky, backed by Twitter’s former CEO Jack Dorsey, is a decentralized Twitter rival that has just released an Android app. The Android release of the platform follows the March app released for iOS. For the time being, access to Bluesky is limited to those who have been invited by an
April 21, 2023 1 min read
Claims that a vulnerability in the MetaMask crypto wallet was responsible for a “massive wallet draining operation” that stole more than 5,000 Ether have been refuted by the wallet’s developer. Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, published a series of updates on April 17 detailing how an
April 19, 2023 1 min read
Staking Ethereum (ETH) withdrawals and BETH redemption have been enabled by Binance, the biggest cryptocurrency exchange in the world. Earlier, the cryptocurrency exchange announced that one week following the Ethereum Shanghai (Shapella) update, customers may withdraw their staked ETH. #Binance has enabled the withdrawal function for ETH 2.0 staking. For
April 19, 2023 2 mins read
There seems to be a huge legal fight on the horizon between Coinbase Global, the largest cryptocurrency exchange in the United States, and the U.S. Securities and Exchange Commission (SEC) over the definition of digital cryptocurrencies. However, Coinbase CEO Brian Armstrong has warned that the company may relocate offshore if
April 18, 2023 2 mins read
Gala Games, a Web3 gaming project, has announced in a blog post that on May 15th, all GALA token holders will get a free upgrade to GALA v2 tokens via airdrop. There will be a one-to-one exchange rate for all users, and the GALA v1 token will be abandoned immediately.
April 18, 2023 2 mins read
Web3 esports tournament platform Community Gaming stated on Friday that it had laid off 17 staff. The Esports Advocate was the first to break the story. The sum equaled little more than 17 percent of the company’s total workforce. Community Gaming CEO Chris Gonsalves said that the decision was made
April 16, 2023 1 min read
A court document suggests that defunct cryptocurrency lender Celsius Network sought to sue crypto blogger and Celsius creditor Tiffany Fong for disclosing confidential business information. According to a snapshot posted by Fong, she has around $119,000 worth of crypto assets locked on Celsius after the company halted withdrawals in the
April 16, 2023 1 min read
As part of its strategy to shift its emphasis from retail to institutional clients, Bloomberg reports that Singapore’s Amber Group is contemplating selling its Japanese operation. Annabelle Huang, the managing partner at Amber, said the company is exploring alternatives, including a sale, for its Japan division. A “very high quality
April 16, 2023 1 min read
As a result of a number of developments on the Cardano network, the price of Cardano (ADA) is making a big upward surge and breaking over important levels. The ADA price increased by 6% in a single day after the alpha release of Aiken, Cardano’s programming language and tools for
April 16, 2023 1 min read
