Category: "startups"

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Titanium Blockchain CEO Sentenced for Multi-Million Dollar Fraud Scheme

The CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS), Michael Alan Stollery, was sentenced to four years and three months in prison for orchestrating a $21 million cryptocurrency fraud scheme involving an unregistered ICO. [mini-contact-form] Stollery lured investors by falsifying white papers and planting fake testimonials on Titanium Blockchain’s website, creating an illusion of legitimacy. […]

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Web3 Game Development: CCP Games Obtains $40M in Financing

Web3 game is at the heart of a groundbreaking announcement from CCP Games, the distinguished developer behind the massively multiplayer online (MMO) game EVE Online. The renowned studio has successfully obtained $40 million in funding from external partners. This investment enables the full-scale development of a new AAA title utilizing blockchain technology, with the game […]

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Silvergate Bank Starts Voluntary Liquidation Process

Silvergate Bank, a US-based bank with a significant presence in the blockchain industry, recently announced that it has begun the voluntary process of liquidation. The news comes just a day after reports surfaced that the bank was discussing ways to avoid a shutdown with US federal officials. The bank’s shares plummeted after several crypto clients […]

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Deribit Launches DVOL-Based Bitcoin Volatility Futures

The crypto options exchange, Deribit, with the most substantial trading volumes, is preparing to release bitcoin (BTC) volatility futures. This innovative addition is predicted to offer digital asset investors a more uncomplicated approach to protect their assets against market instability in contrast to the present options. [mini-contact-form] Hedge Against Bitcoin Volatility with Deribit’s DVOL-Based Futures […]

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Hong Kong’s Bold Move: Injecting $6.37M to Accelerate Web3 Growth

During his annual budget speech, Financial Secretary Paul Chan announced that Hong Kong plans to invest HK$50 million (US$6.37 million) to further bolster the development of its Web3 sector. This move signals the special administrative region’s intention to remain at the forefront of innovation, particularly in the fast-evolving realm of blockchain technology. With the new […]

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CleanSpark Expands Bitcoin Mining Capacity by 37%

CleanSpark, a Bitcoin mining company that prioritizes sustainability, revealed on Thursday that it had acquired 20,000 new ASIC machines following the digital asset’s surge to nearly $25,000 the day before. With the addition of these new rigs, CleanSpark’s current computational power of 6.6 EH/s will increase by 2.44 EH/s. An exahash is equivalent to one quintillion […]

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Bitcoin Price Surpasses $24,000, Prompting Speculation about the Start of a New Bull Market

The value of Bitcoin has surged above $24,000, prompting investors to speculate about the possibility of a new bull market. Following the all-time high of Bitcoin in December 2017, the cryptocurrency has been trying to recover its previous position after a major decline. However, recent developments such as corporate investments and institutional adoption have led […]

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Epic Games Acquires Indie Music Company Bandcamp

The makers of Fortnite, Epic Games, have recently acquired Bandcamp, an online indie-focused music startup. This unorthodox move follows the gaming giant’s acquisition of Harmonix, a music gaming developer most well known for the Guitar Hero and Rock Band franchises. Why Epic is collecting these music-based companies is still unclear, but one potential purpose is […]

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Meet the Jetson One, the $92,000 One-person eVTOL

While large EV companies vie for market share, trying to revolutionize mass transportation, the Swedish company Jetson has different goals in mind. “We just want to have fun” -Peter Ternström, President and Founder of Jetson Jetson’s “Jetson One” is a one-seated eVTOL, a new and growing sector of the EV sector. The Jetson One weighs […]

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GitHub rival GitLab files to go public

GitLab, the competitor to Microsoft’s GitHub, has recently announced its plans to go public on the Nasdaq under the ticker GLTB. Following its valuation of $6 billion in a secondary share sale late last year, Gitlab has been frictionlessly growing throughout the pandemic. The cloud-based software giant is known for its pioneering of remote work […]