General category for all types of news related to the cryptocurrency world.
MARA (@MarathonDH), rebranded from Marathon Digital, invested $100M in Bitcoin, raising holdings to over 20,000 BTC. This aligns with Bitcoin’s fourth halving. Despite favorable conditions, $MARA stock fell 2% pre-market. CEO Fred Thiel urges Bitcoin adoption as a reserve asset. #Update
Galaxy Digital, led by Mike Novogratz, raises $113M for a crypto VC fund targeting $150M. The fund plans to invest $3-5M in 30 crypto startups like Monad and Ethena, reflecting increased institutional interest in digital assets. #CryptoNews
Galaxy Asset Management secures $113M for a new venture fund targeting 30 early-stage crypto startups. Led by Will Nuelle and Mike Giampapa, the fund focuses on digital asset innovation and aims to reach $150M by next year. #Update #Crypto
RBI and SEBI are collaborating on a comprehensive crypto policy, with a discussion paper due by Q3 2024. This initiative follows India’s G20 presidency and aligns with IMF and FSB guidelines, indicating a potential shift from RBI’s restrictive stance on cryptocurrencies. #CryptoPolicy #Update
India to release a crypto policy discussion paper by Sept 2024. @AjaySeth, Secretary of Economic Affairs, says it will clarify government stance and solicit stakeholder input. Key players: RBI, SEBI, IMF-FSB. #CryptoPolicy #Update
Thailand to roll out $14B digital currency giveaway in Q4. Adults 16+ can sign up via “Tang Rath” app from Aug 1 to Sept 15. Aims to boost economy, tackle debt. Expected participation: 50M people. #Economy #CryptoUpdate
Chainbase partners with @AlibabaCloud to cut decentralized data distribution costs by 50%. The collaboration boosts storage and GPU power, aiming for 100% uptime. Chainbase’s $15M Series A funding was co-led by Tencent and Matrix Partners. #Update
Investors are flocking to Rollblock’s ($RBLK) presale, raising $1.3M. With blockchain tech ensuring fair play, Rollblock’s iGaming platform is set to outshine $SHIB and $PEPE in the $300B market. #Update #iGaming
Ontario Capital Markets Tribunal ends Bitfarms’ first poison pill against @RiotPlatforms’ takeover. Riot’s CEO calls it a win for shareholders. Bitfarms introduces new plan to counter creeping bids, ensuring fair treatment. #CryptoNews
Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
Kraken users have transferred over 5000 BTC (~$330M) in Mt. Gox refunds to cold wallets within 24 hours, signaling a shift towards holding and enhanced security. This trend reflects confidence in Bitcoin’s future value and aligns with broader market behavior. #Update #Bitcoin
Mt. Gox starts repaying over 17,000 creditors in Bitcoin ($BTC) and Bitcoin Cash ($BCH) through designated exchanges as of July 24, 2024. Despite concerns, market remains stable, demonstrating resilience. This marks a step toward resolving long-standing financial disputes and restoring trust in crypto. #CryptoNews
Riot Platforms, Inc. acquires Block Mining, Inc. for $92.5M to boost hash rate. The deal includes 60 MW capacity, aiming to hit 100 EH/s by 2025. Analysts raise 2024 revenue estimates to $344.2M. #CryptoNews #Update
Network3 secures $5.5M in pre-seed and seed funding from investors like Borderless Capital and EV3 to expand its team and develop new mining hardware. The firm operates 240,000 nodes globally with its decentralized AI infrastructure, Edge AI. #Crypto #Update
