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PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines
The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.
Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes
Once branded a “Bitcoin casino," BitMEX has plunged into a series of crises over the last few years. The crypto exchange found itself trending on Twitter in the US recently because of the recent shutdown. BitMEX announced that its trading engine went offline for over an hour because of an incident, which the exchange identified as a “major outage."After some investigation, the exchange later announced that that platform restored its online operations. Such outage of BitMEX’s trading engine is the latest in a series of negative circumstances facing the exchange. Currently, as Bitcoin price hits $10,000, the major outage has prompted warnings that the exchange is becoming increasingly unreliable. The outage left customers unable to access their funds.
Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation
The Australian Border Force (ABF), the Western Australian Police Force announced that the team has arrested a 27-year-old man and a 25-year-old woman over drug probe, seizing and frozen an incredible amount of 1.5 million worth of cryptocurrency found in the electronic device held by the culprits.
Litecoin (LTC) Price Analysis – March 18, 2021
The price of Litecoin (LTC) successfully rebounded above $200, but it seems that it is currently suffering from strong selling pressure.
Are Blockchain and Tokenization the Holy Grail in Eradicating Wealth Inequality?
Blockchain and tokenization could prove to be ideal in fighting the wealth inequality challenge as they can break the vicious cycle of wealth inequality by prompting ownership of high-performing asset classes. This will enable any person to invest and partially own lucrative assets, such as commercial real estate.
Blockchain Favored by Andrew Yang, America’s 2020 Presidential Hopeful
Andrew Yang, one of the US Presidential election's hopeful, has asserted that blockchain should be embraced in the voting system.
Bitcoin Price Could Drop in the Short Term As BTC Consolidates at $46K
The Bitcoin price traded to a new all-time high at $48,308 before correcting lower and now appears to have hit a short-term downward trend. Where to next for the BTC price?
Uniswap (UNI) Price Analysis-March 19,2021
UNI is trading at $30.55, but it appears to be caught on a bearish trend. Currently, the bears are retesting the support level of $29.27.
With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest
BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.
McAfee Labs Threat Report Shows Concern for Cryptojacking and Blockchain Security Issues
In August 2019, McAfee Lab released a threat report with conclusive statistics stating cryptojacking being an area of concern.
Could Ripple's Upward Momentum Continue ? XRP Surges while Bitcoin and Ether Retrace
Ripple(XRP) is currently the seventh-leading cryptocurrency with a market cap of around $21,391,909,521. It is trading at $0.475 at the time of writing.
Weakening of CoinShares Capital Inflows Causes the Price of Bitcoin to Fall
Traders tried multiple attempts to push BTC to $60,000 but were rejected and failed to stabilize this level and fell sharply yesterday, reaching a minimum of $53,715.