SPAC GSR II Meteora Acquisition Corp. merged with Bitcoin Depot. After the transaction is concluded, the SPAC will be replaced in the stock market. Bitcoin Depot, a supplier of cryptocurrency ATMs, has reportedly closed an $885 million SPAC (Special Purpose Acquisition Company) agreement to go public, as tweeted on its
The network’s overall cumulative activity amounts to almost $7.3 trillion. The statistic doesn’t cover exchanges between a user’s own wallets. Without a doubt, 2022 was a terrible year for Bitcoin (BTC), and Q2 was the worst for the king of crypto. The interest in cryptocurrencies, though, keeps rising. David Puell,
The action took effect on August 8, as indicated by the US Department of Treasury. The post stated that no OFAC-banned addresses have been requested to be frozen. Tether said it is seeking guidance from authorities before deciding whether or not to freeze Tornado cash addresses. The recent US government
Coinbase clarified that cbETH’s pricing is not intended to mirror Ethereum’s. Trading of the cbETH-USD pair will start in stages as per the exchange. Coinbase, a renowned cryptocurrency exchange, announced on Wednesday the debut of cbETH, its new wrapped and staked Ethereum ERC-20 token, just in time for the Ethereum
Uniswap is in discussions with 7 NFT lending firms, to establish NFT financialization. The platform has recently acquired the NFT marketplace aggregator, Genie. The major cryptocurrency exchange platform, Uniswap is currently showing an interest in the NFT financialization. As per the recent tweet from Uniswap’s head of NFT product, Scott
According to CMC, Uniswap has a $5 billion Market Cap. Solana has a $12 billion Market cap as per Coinmarket cap. Platforms for decentralized exchanges (DEXs) are among the essential components of the DeFi ecosystem and are gaining popularity among cryptocurrency users. Uniswap (UNI), Solana (SOL), HUH Network (HUH) are
Kenanga Investment Bank Berhad and China’s Ant Group have agreed to collaborate. This collaboration will allow Kenanga to use mPaaS, a mobile development network. Recent years have seen a meteoric rise in the use of cryptocurrencies. Malaysia is now in the process of developing a super app that incorporates cryptocurrency
Many different agencies were involved which Senator Mark Villar presided over. As an added bonus, the parties spoke about real solutions for safeguarding customers. Financial authorities in the Philippines are making concerted attempts to effectively regulate the local cryptocurrency business. The authorities are taking a close look at the crypto
Bakkt stores its clients’ cryptocurrency in a combination of hot and cold wallets. Founded in 1895, Sullivan Bank is among the nation’s oldest financial institutions. A press release from Bakkt Holdings Inc., a digital asset service provider, and Sullivan Bank announced their partnership to provide bitcoin and other cryptocurrencies to
Conflict in Europe and skyrocketing interest rates in the US have put cryptocurrencies in the midst of one of the worst market crashes in the technology’s history. Bitcoin and Ethereum dropped more than 70 percent since the peak of last year’s bull run, while several high-profile crypto companies shut their
