Finance and Business News

Oasis Foundation, a developer group, believing in integrity and longevity, announced its launch of a $160 million ecosystem fund to help founders and project developers on the Oasis network and ecosystem. Oasis network is a privacy-enabled blockchain that focuses on DeFi and the data economy. Wednesday’s announcement says that the fund is dedicated to attracting new developers […]

Despite the $2.6 trillion industry that the digital currencies ecosystem represents, the United States Treasury Deputy Secretary, Wally Adeyemo believes the nascent asset class will not impact the dominance of the US Dollar in global financial transactions. Adeyemo acknowledges the fact that cryptocurrencies present a number of opportunities for the economy, however, the risks they […]

On Wednesday, KuCoin Labs, the firm that runs one of the largest cryptocurrency exchanges by trading volume with a listing of over 500 cryptocurrencies, announced that it is going to launch a $100 million fund to strengthen early-stage Metaverse projects.  The company further clarified that this money will also be available for those who are […]

Crypto has been getting crazy attention these days, and a survey from October is a live example of the same. More than a quarter of crypto investors in Australia plan to use their crypto for Christmas presents this holiday season. The crypto wallet and service provider Crypto.com conducted a survey polling 2,020 citizens aged between 18 and […]

The famous browser Brave, known for its privacy excellence, continues to intensify its goal of crypto adoption as it has now decided to replace its extension-based cryptocurrency wallet with a browser-native wallet. The company on Tuesday announced that it is gearing up for the official launch of its Brave wallet, which would be a self-custody […]

Nasdaq-listed North American cryptocurrency mining firm, Marathon Digital has announced it will raise the sum of $500 million in debt as convertible senior notes from interested institutional investors. According to the company, the initial purchasers of the convertible senior notes an option to purchase up to an additional $75 million principal amount of notes after […]

The richest man in the world, Elon Musk, is not yet ready to move on with the meme coin or numbers. He continues his actions of convincing his fans on Twitter to abide by the same principles. The latest tweet by Musk grabbed the attention of the crypto investors where he stressed the craze of meme numbers […]

A new Decentralized Autonomous Organization DAO is planning to pull resources together in a bid to be able to purchase a first-edition printed copy of the historic U.S. Constitution at Sotheby’s auction. Sotheby’s Auction Slated For Thursday, November 18 The new ConstitutionDAO is dedicated to preserving the U.S. Constitution and has set out on a […]

Everyone’s favorite, Shark Tank star Kevin O’Leary, during a live recording with Reddit on November 11, said that cryptocurrencies now comprise 10% of his investment portfolio.  He explained to the Reddit audience that he had only 3% of space for crypto during the start of 2021, and he was targeting to make it 7%. As […]

The social messaging platform Discord was all set for its imminent integration with Wallet Connect and Metamask as the company’s CEO and founder tweeted a photo suggesting the same. But the negative reactions to the tweet made the CEO reanalyze the situation. And now, just after three days of the signal, there are speculations that the company […]

Many long term crypto HODLers unknowingly forgo the opportunity to earn additional yield on their crypto, resulting in significant compounding returns over time. The Invictus Yield Vault was established to provide long-term crypto holders the opportunity to earn market-leading fixed interest rates on a range of their crypto assets. By utilizing the Yield Vault, qualifying […]

As per the recent financial filings, Tesla founder and Chief Executive Officer (CEO) Elon Musk dumped around $1.1 billion worth of Tesla shares (TSLA). The filings received by the Securities and Exchange Commission on November 11 confirm the selling of more than 934,000 TSLA worth $1.1 billion. After gaining more than 180% from these shares […]

WOO Network, a Decentralized Finance (DeFi) startup in the Cayman Islands has raised $30 million in equity funding from investors including Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, and Crypto.com Capital. As announced by the firm, the funding round also enjoined participation from AscendEX, AntAlpha, MEXC Global, LBank, Fenbushi Capital, BitMart, 3Commas […]

A recent survey on American crypto investors showed that nearly 4% of these Americans had quit their jobs. This means that some of these investors earned such a humongous amount of cash that they no longer need to work on their jobs. This research was conducted by a well-known research company, Civic Science.  Interestingly, this […]

As part of efforts to expand its userbase and meet up with public demands, Bitfinex Pay has finally integrated with MetaMask, the renowned browser and wallet extension. This move will see the crypto payment gateway opening its door to users in their tens of millions. Bitfinex Pay Gives In to The Demands of Crypto Community […]

The Commonwealth Bank of Australia (CBA) has concluded plans to commence crypto trading on its digital app. The service will be available for the 6.5 million users who use the CommBank app. The decision will make CBA the first bank in Australia to provide support for crypto. To launch its crypto service, the bank has […]

African cross-border payments company, Chipper Cash, has completed its Series C extension funding round. The round saw the company raise $150 million and attain a market valuation of over $2 billion. This comes on the heels of its initial Series C funding where the company raised $100 million in a funding round led by SVB. […]

$98 Million Investment The MXC Foundation has taken the IoT world by the horns with a lucrative investment, ensuring their data network becomes the largest free LPWAN data network on the planet. The MXProtocol, which is the critical mechanism aiming to ease the complexities of IoT devices to be connected to the network in order […]