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Showing posts from July, 2021

Big Investors Are Pushing up Valuations of Crypto Firms

http://motleybloggers.com/wp-content/uploads/2021/08/big-investors-are-pushing-up-valuations-of-crypto-firms.jpg Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds. VC Firms Driving Up Prices of Crypto Startups Cryptocurrency firms are seeing high valuations due to large investors entering the space, according to Henri Arslanian, Crypto Leader at professional accounting and financial services firm PWC, also known as Pricewaterhousecooper. In an interview with Bloomberg Thursday, the executive explained that boutique investment firms and family offices are being elbowed out by big venture capitalists, private equity funds, and even some pension funds. He noted that smaller venture capital firms are unhappy about this trend. Arslanian described: Let’s say they’re looking at a deal and they believ...

Shark Tank’s Kevin O’Leary Won’t Invest in Dogecoin, Says ‘I Don’t Understand Why Anybody Would’

http://motleybloggers.com/wp-content/uploads/2021/08/shark-tanks-kevin-oleary-wont-invest-in-dogecoin-says-i-dont-understand-why-anybody-would.jpg Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he does not consider dogecoin an investment. “I don’t participate in that kind of thing. I don’t understand why anybody would,” he said. Kevin O’Leary Won’t Invest in Dogecoin Shark Tank star Kevin O’Leary talked about the meme cryptocurrency dogecoin in an interview with CNBC last week. The chairman of O’Shares ETFs said: I don’t participate in that kind of thing. I don’t understand why anybody would, but that’s their own choice. He explained that investing in dogecoin is like gambling in Las Vegas, noting that he might not even call it “investing” at all. The Shark Tank star explained that when someone invests in a stock, they are betting on the company’s ability to execute its business plan and ac...

India Reportedly Investigating Binance in Chinese Money Laundering Case

http://motleybloggers.com/wp-content/uploads/2021/08/india-reportedly-investigating-binance-in-chinese-money-laundering-case.jpg Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global cryptocurrency exchange Binance had any role in a Chinese money laundering scheme involving betting apps, local media reported Friday, citing people with knowledge on the matter. The country’s Enforcement Directorate (ED), a law enforcement agency under the Ministry of Finance, has summoned Binance’s executives for questioning, according to the people who asked not to be identified as the matter is still under investigation. The case centers around betting apps run by Chinese operators. They allegedly raked in more than 10 billion rupees over the past 10 mon...

GIANT Sea Of BITCOIN ACCUMULATION (Next Leg Up Could Be MASSIVE)

http://img.youtube.com/vi/-qv8iT8fP0g/0.jpg https://www.youtube.com/watch?v=-qv8iT8fP0g Subscribe, Like, Follow me www.twitter.com/cryptorecruitr Intro 00:00 Bitcoin accumulation has been accelerating 00:30 BTC whales, fish, and price action 3:15 Insane Bitcoin price target data 5:00 German institutional funds and crypto 7:50 Bitcoin whales and small fish have been accumulating BTC and that is something that did not take place in the beginning of the last bear market. So just because bitcoin on chain metrics looks bullish, does that mean that BTC price is going to definitely continue up? No, of course not. There are never any guarantees in crypto. However, more and more chart data within btc technical analysis also suggests that bitcoin is bullish in a macro uptrend. So when you bring on chain metrics and chart data together, bitcoin does not look bad. Bitcoin Accumulation - https://cointelegraph.com/news/bitcoin-accumulation-accelerates-among-whales-and-fish-with-btc-rallying-to-40k G...

Bitcoin ELEVATES To New Heights (Cardano, The SLEEPING GIANT)

http://img.youtube.com/vi/-Zaql_9jARs/0.jpg https://www.youtube.com/watch?v=-Zaql_9jARs Subscribe, Like, Follow me www.twitter.com/cryptorecruitr ⚡⚡Stake Your Cardano with my new ADA Pool! Ticker: CCV3 CCV3 pool id for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Bitcoin monthly 00:30 BTC making a very important move 1:00 Important Bitcoin momentum data 1:50 Bitcoin daily big move happening 3:15 BTC price target 3:50 Why to be careful for Bitcoin dip 4:40 Cardano daily and ADA ecosystem 5:20 Cardano price resistance 6:25 ADA sleeping giant is sideways... 7:30 Cardano momentum looking bullish 8:40 Short term Cardano momentum 10:20 Bitcoin flirts with $42,000 and Cardano continues basic sideways price action. Momentum still has room for upside on the short term for crypto in general, but will BTC and ADA price both continue this breakout? Or will be there be a pullback before the bull market really resumes? These are the questions that are o...

Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

https://motleybloggers.com/wp-content/uploads/2021/07/bank-of-america-coinbase-ftx-invest-in-paxos-series-d-funding-round.jpg Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than $540 million in funding. Bank of America, FTX, and Coinbase Invest in Paxos Two leading cryptocurrency exchanges and the second-biggest U.S. bank invested in Paxos, a New York-based blockchain infrastructure firm that focuses on offering clearing and tokenization services to other traditional firms. Bank of America, FTX, and Coinbase participated as “strategic investors” in the latest Series D funding round that the company started last April. The interest of Bank of America in the firm is not strange. The co...

Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts

https://motleybloggers.com/wp-content/uploads/2021/07/automated-investment-service-firm-wealthfront-adds-support-for-grayscales-btc-eth-trusts.jpg On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). Wealthfront Connects Customers to Two Grayscale Trusts This week Wealthfront has added two Grayscale crypto trusts to the firm’s menu of investments. Wealthfront is an automated investment operation sometimes referred to as a robo-advisor that offers wealth management services. The company was co-founded in 2008 by Andy Rachleff and Dan Carroll and as of 2020, Wealthfront had $15.85 billion assets under management (AUM). The announcement on Wednesday notes that W...

Digital Ticket Stubs: New York Knicks Launch Team’s First NFT Collection

https://motleybloggers.com/wp-content/uploads/2021/07/digital-ticket-stubs-new-york-knicks-launch-teams-first-nft-collection.jpg On Tuesday, the New York Knickerbockers, in partnership with Sweet, launched the NBA team’s first-ever non-fungible token (NFT) collection. The NFTs feature limited edition digitally designed 3D game tickets made specifically for the Atlantic Division basketball team. With less than 24 hours left on the auction, the Knicks’ NFT sale has sold out a number of tickets. 3D NFT Tickets from 5 Classic New York Knicks’ Games A number of NBA teams are getting in on blockchain technology and many American professional basketball teams have engaged in all types of crypto concepts like NFTs and partnerships aimed at elevating cryptocurrency adoption. The NBA has its own Blockchain Advisory Committee and teams like the Portland Trail Blazers , Boston Celtics , and Cleveland Cavaliers have recently stepped into the blockchain fray. This week the New Yor...

Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration

https://motleybloggers.com/wp-content/uploads/2021/07/paypal-unveils-plans-to-expand-cryptocurrency-services-with-super-app-and-open-banking-integration.jpg Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, Details of ‘Super App’ Paypal CEO Dan Schulman talked about his company’s crypto plans and the progress of the upcoming “super app” during the payments giant’s second-quarter earnings conference call Wednesday. “I’m pleased to report that the initial version of our new consumer wallet super app is code complete and we are now beginning to slowly ramp,” Schulman ...

Malaysia Takes Enforcement Actions Against Binance, Advises Investors to ‘Withdraw All Investments Immediately’

https://motleybloggers.com/wp-content/uploads/2021/07/malaysia-takes-enforcement-actions-against-binance-advises-investors-to-withdraw-all-investments-immediately.jpg The securities regulator of Malaysia has taken enforcement actions against the global cryptocurrency exchange Binance. Noting that the exchange is operating illegally in the country, the regulator has advised those who currently have accounts with Binance “to immediately cease trading through its platforms and to withdraw all their investments immediately.” Malaysia Issues Public Reprimand Against Binance The Securities Commission Malaysia (SC) announced Friday “enforcement actions against Binance for illegally operating a digital asset exchange (DAX).” Under Malaysia’s regulation, digital asset exchange operators must be registered with the Securities Commission as Recognized Market Operators (RMO). Since the global crypto exchange is operating in Malaysia without being registered, the Malays...

Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million

https://motleybloggers.com/wp-content/uploads/2021/07/finland-looking-for-brokers-to-sell-seized-bitcoins-worth-80-million.jpg Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order. At the time of writing, the bitcoin stash is worth $78.75 million. Most of the seized coins were accumulated in raids before 2018. The Finnish State Treasury set out guidelines for handling crypto assets that year. It prohibited authorities from storing cryptocurrencies at exchanges, requiring them to keep the coins offline. Pekka Pylkkanen, Finnish Customs’ director of financial management, explained that the authorities want a permanent solution to “safely and reliably” sell cryptocurr...

Bitcoin Price FLOODED With Green (Cardano BREAKOUT Pending)

http://img.youtube.com/vi/k2dol_FXyRo/0.jpg https://www.youtube.com/watch?v=k2dol_FXyRo ⚡⚡Stake Your Cardano with my new ADA Pool! Ticker: CCV3 CCV3 pool id for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Bitcoin green! 00:40 Let's get the potential BTC dip out of the way 1:55 Short term Bitcoin price targets 4:20 $44,000 weekly 6:50 Bitcoin news bullish 8:40 Cardano 12:55 Cardano price ready to outperform 16:00 Ada resistance to be careful of 17:00 Cardano patterns to watch 19:00 Short term ADA pattern breakout targets 19:50 Cardano all time high prediction 23:40 Crypto news coming to Crypto Capital Venture 24:00 Bitcoin has closed 9 daily green candles in a row. Crypto markets on the short term have been very hype with some altcoins continuing to see higher highs, including Cardano. Do Bitcoin and Cardano bulls have continued momentum to continue this rise? Or has their time come up and is BTC and ADA about to crash? Cardano BigPey inte...

Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

http://motleybloggers.com/wp-content/uploads/2021/07/bitcoin-mining-operation-reveals-plans-to-convert-coal-ash-landfill-into-solar-farm.jpg Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order to construct a new solar farm. Greenidge Invests in Renewable Energy Investment Program In 2014, the Lockwood Hills landfill in Dresden, New York was purchased by Lockwood Hills LLC, which is a subsidiary of Greenidge. The site has been “safely maintained” over the last seven years, Greenidge claims, and it ended the use of coal-fired power at the adjacent power facility during that time. The announcement on Thursday says the company plans to safely cap and close down the ...

Mila Kunis’ ‘Stoner Cats’ NFT Sale Pulls in $8M — Animated Series Can Only Be Watched by NFT Holders

http://motleybloggers.com/wp-content/uploads/2021/07/mila-kunis-stoner-cats-nft-sale-pulls-in-8m-animated-series-can-only-be-watched-by-nft-holders.jpg A new non-fungible token (NFT) project crafted by the American actress and producer, Mila Kunis, has made millions selling NFTs tied to an animated series called “Stoner Cats.” The project is a show that will only allow token holders the ability to watch the upcoming series produced by Orchard Farm Productions, a studio owned by Kunis. Animated Series Created by Mila Kunis and Ashton Kutcher Sparks New NFT Hype The cryptocurrency community and mainstream news publications have been discussing a new NFT project bolstered by Mila Kunis and her husband Ashton Kutcher called “ Stoner Cats .” The duo has teamed up with popular celebrities such as Chris Rock, Jane Fonda, and the “Family Guy’s” Seth MacFarlane. Ethereum co-founder Vitalik Buterin will be joining the animated series as well playing the ...

Financial Giant State Street Expands Cryptocurrency Services as Demand From Traditional Funds Soars

http://motleybloggers.com/wp-content/uploads/2021/07/financial-giant-state-street-expands-cryptocurrency-services-as-demand-from-traditional-funds-soars.jpg State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients” in partnership with Lukka, the announcement details, adding: State Street will support its private fund clients with collection, standardization, enrichment, reconciliation, processing and reporting related to crypto and other digital assets. The Boston-headquartered financial services and bank holding company offers inves...

Helium Hotspot Miner – Mining With Helium Bar

http://motleybloggers.com/wp-content/uploads/2021/07/helium-hotspot-miner-mining-with-helium-bar.png PRESS RELEASE. Helium Network developed a decentralized peer to peer wireless network, which can connect different compatible devices through a series of hotspots. By being a part of this network, people can earn cryptocurrencies (HNT). The Helium hotspot miner network is growing steadily. Hence, it is worthy to think about mining HNT. To help people with mining HNT, Helium Bar has developed an excellent solution. Helium.Bar is nothing but a helium network, which is made out of hotspot miners. Any person who is interested in HNT mining can take a look at it. Helium.Bar is one of the fastest-growing communities in Helium Hotspot mining. This concept was initiated by a team, who had years of experience in the radio network industry. The previous experience helped them to ensure the overall success of this massive helium network. The concept behind Helium Bar is simple and easy to underst...

Bitrue Aims to Democratize Token Listing Rights by Opening Voting Power to Users

http://motleybloggers.com/wp-content/uploads/2021/07/bitrue-aims-to-democratize-token-listing-rights-by-opening-voting-power-to-users.jpg Digital asset exchange Bitrue is seeking to engage its user community directly by distributing decision-making power for adding new token projects after the listing team thoroughly vets them. Platform Advancing Further Voting Powers in Future Updates Blockchain’s innate ability to decentralize products and services has long been among its key value propositions, especially when providing more democratized access to these same offerings. Governance is rapidly becoming the newest area for blockchain’s democratization efforts, and the community is joining the cause. Bitrue , a digital assets exchange, has joined the ranks of other service providers embracing a more community-based governance approach with its decision to hand over listing votes to users, which took effect on July 27th. Bitrue’s listings team will collect project suggest...

Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls

http://motleybloggers.com/wp-content/uploads/2021/07/bitcoin-rewards-firm-lolli-raises-10m-in-funding-led-by-acrew-capital-social-media-moguls.jpg The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on July 28. The company said that the Series A was led by Acrew Capital, Banana Capital, Up North Management, and Animal Capital. The venture capital company Animal was founded by social media moguls Noah Beck, Josh Richards, and Griffin Johnson. Lolli further detailed that investors like Baron Davis, Kenny Beecham, Logan Paul, and Chantel Jeffries participated as well. The CTO and co-founder of Lolli, Matt Senter, said that Acrew Capital’s investment shows the company understands that bitcoin...

Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test

https://motleybloggers.com/wp-content/uploads/2021/07/digital-euro-to-handle-almost-unlimited-payments-estonian-central-bank-says-after-test.jpg A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be smaller than that of card payments. 300,000 Payments a Second Processed During Digital Euro Trial An experiment carried out as part of the recently launched ‘Investigation Phase’ of the digital euro project has established that a blockchain-based solution for the electronic version of Europe’s common currency could in theory support an “almost unlimited” number of simultaneous payments. The test also indicated that the technology would strike a “good ba...

Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network

https://motleybloggers.com/wp-content/uploads/2021/07/dvision-network-bringing-a-new-nft-experience-on-enjin-blockchain-network.jpg Dvision Network has emerged as one of the fastest-growing NFT and blockchain gaming protocols in recent months. The blockchain protocol has made significant progress since its inception and continues to create new milestones. The latest is a partnership with the leading NFT ecosystem provider and creator of the ERC-1155 token standard Enjin. Enjin is a significant stakeholder in the NFT sector and has played a crucial role in developing blockchain-based gaming, metaverses, and NFT projects. Dvision migrates to Enjin blockchain Dvision has migrated to the Enjin blockchain and will now leverage the potentials of launching its NFT metaverse across five different blockchain protocols. It should be recalled that Dvision Network was initially launched on Ethereum and also supports the Binance Smart Chain network. Since Enjin is committed to online games and NFTs...

Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated

https://motleybloggers.com/wp-content/uploads/2021/07/relief-fund-has-a-difficult-time-cashing-out-the-1b-worth-of-shib-vitalik-buterin-donated.jpg In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million has been paid out. It’s Not Easy Cashing Out SHIB Tokens Roughly two months ago, Vitalik Buterin decided to donate $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Following the donation, CCRF thanked Buterin for his donation of 50,693,552,078,053 SHIB. “We plan to do a thoughtful liquidation to ensure we meet our COVID relief goals,” CCRF said on Twitter at the time. The nonprofit organization added: We have decided to convert the donation slowly over a period of time. A recent repor...