Cryptocurrency

Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’

Billionaire Barry Sternlicht Owns Bitcoin Because Governments Are ‘Printing Money Now to the End of Time’

The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount of something and it can be traded …

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NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens

NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens

press release PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse. Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, is announcing the launch of the first-ever decentralized exchange (DEX) purpose-built for gaming tokens, VulcanDEX. The DEX will allow users of …

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Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.” Seba Earn Lets Clients Generate Rewards From Crypto Investments Seba …

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Exclusive: Blockchain-Based Music Platform Corite to Open New Investment Round

Exclusive: Blockchain-Based Music Platform Corite to Open New Investment Round

Corite, a Stockholm-based fan-powered music platform, has announced that it opened a new private funding round for its blockchain platform, Corite CO. According to a press release shared exclusively with Finance Magnates, the new funding round comes after the platform successfully raised $2.2 million earlier this year with the support of firms like ChromaWay, Hitco …

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NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity

NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity

sponsored HIVE Blockchain is set to expand its data center campus in New Brunswick, Canada with 40 megawatts capacity. It is the first publicly-traded cryptocurrency miner, listing in Toronto on the Venture Exchange back in 2017 and added to NASDAQ in 2021. It mines both Bitcoin and Ethereum using 100% green energy in facilities across …

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US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year from now. In addition to the …

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Unregulated Crypto-Related Foreign Currency Transfers in Korea Are Rising

Unregulated Crypto-Related Foreign Currency Transfers in Korea Are Rising

South Korea is one of the biggest crypto markets in Asia. The country is home to some of the leading global digital exchanges. But with growing adoption, the country is facing the issue of illegal crypto-mediated foreign currency transfers. According to a report published by Korea Herald, Song Jae-ho of the Democratic Party of Korea …

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FTX US Launches NFT Market — Users Can Trade and Mint Solana NFTs, ETH Support on the Way

FTX US Launches NFT Market — Users Can Trade and Mint Solana NFTs, ETH Support on the Way

On Monday, FTX US announced the launch of its marketplace for non-fungible token (NFT) assets. FTX explained that the marketplace will feature Solana-based NFTs but support for Ethereum-based NFTs is coming in the near future. FTX US Reveals New Solana NFT Market, Plans to Support Ethereum in the Near Future West Realm Shires Services Inc., …

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OneCoin Investors Entirely Dismiss Class Actions Lawsuit

OneCoin Investors Entirely Dismiss Class Actions Lawsuit

The investors of the billion-dollar crypto scam, OneCoin, have dismissed all charges against the remaining individuals accused in the class-action lawsuit, a court document filed on Thursday revealed. The lead plaintiff, Donald Berdeaux and plaintiff, Christine Grablis, have already dismissed all their claims against Mark Scott, David Pike, Nicole Huesmann and The Bank of New …

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BTC’s Price Rise Gives 5-Year-Old Mining Rigs New Life — Bitcoin Hashrate Jumps Close to 20% Since Last Week

BTC’s Price Rise Gives 5-Year-Old Mining Rigs New Life — Bitcoin Hashrate Jumps Close to 20% Since Last Week

As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more profitable. Older generation mining rigs like Bitmain’s Antminer S9 …

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Refinable Authenticates Fine Jewelry Sale on Sotheby’s

Refinable Authenticates Fine Jewelry Sale on Sotheby’s

press release PRESS RELEASE. HONG KONG – 10th October 2021 – Refinable, a leading decentralized NFT marketplace, is taking a step forward in realizing advanced use cases for NFT applications. In a keystone partnership with high-end jewelry maker NALAS, and the support of Sotheby’s, Refinable will be the first marketplace to provide item authentication with …

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Number of Bitcoin Addresses in Profit Reached the Highest Level in 4 Weeks

Number of Bitcoin Addresses in Profit Reached the Highest Level in 4 Weeks

Bitcoin, the world’s most valuable cryptocurrency asset, is currently enjoying a major bullish rally that resulted in a price jump of nearly 25% in the last seven days. Due to the recent activity, the total number of Bitcoin addresses in profit has attained its highest level in approximately 1 month. The recent data published by …

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