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What was supposed to be the most expensive deal in the crypto industry has in the meantime transformed into something ugly. Last month, Galaxy Digital, a crypto investment firm, pulled out of its $1.2 billion acquisition of the crypto custodian BitGo. Now, BitGo is pressing charges against its would-be buyer. Galaxy Digital terminated the acquisition […]
Smartphone gaming publisher, Revolving Games, announced that it received $13.2 million in funding from investors including Pantera Capital, Animoca Brands, and Polygon. The gaming company will invest the funds into its upcoming Web3 titles. According to a company’s representative, Revolving Games is looking to make decentralized and free-to-play AAA games. They want to attract traditional […]
1inch announced that it will airdrop free coins in its Merkle drop, in order to reward its Optimism users. 3,782 regular users of the 1inch DEX aggregator will equally receive 300,000 OP tokens in total. After 1inch was deployed on the Optimism layer-2 scaling solution last year, this resulted in faster transactions and increased activity. […]
After a charity auction where an NFT inspired by the life of Bill Murray was sold, the famous actor’s digital wallet was hacked for almost 110 Wrapped Ethereum (wETH), or some $174,000. The exclusive NFT was sold on Coinbase, raising 119 wETH ($185,000). After the auction, the attackers most likely planted a dangerous link that […]
After surging last week, Dogecoin’s value has dropped by 12.4% over the past seven days. The initial increase in value happened due to the Dogecoin name’s resemblance to Dogechain. This is a Polygon platform, that enables developers to create applications on Dogecoin in a similar fashion as when working on Ethereum. However, as soon as […]
Bad news in the ranks of the Australian crypto exchange. Namely, Swyftx has joined the long line of crypto companies that were forced to cut a substantial portion of their workforces, amid the crypto winter. Swyftx let go 21% of its staff, amounting to 74 former employees. The company cited factors such as rising inflation, […]
CDPQ, one of the biggest Canadian pension funds, has officially written off the $150 million investment it made in the now bankrupt crypto lender, Celsius. The company is not expecting to receive any of that sum back. CDPQ’s representative stated that the company has underestimated the challenges of dealing with crypto, which is yet again […]
The U.S. Securities and Exchange Commission (SEC) seems quite determined to put a stop to what it deems to be unlawful securities trading in the crypto industry. This time, the Commission announced charges against Dragonchain and its chief developer, John Joseph Roets, for making $16.5 million by selling Dragonchain’s token, DRGN. According to the lawsuit, […]
The acquisition deal that was looking to be one of the most expensive ones in the crypto industry is now terminated, as Galaxy Digital pulled out of the BitGo purchase. In May 2021, Galaxy Digital, a crypto investment firm, announced its plans to purchase the crypto custodian company, BitGo, in a deal worth $1.2 billion. […]
Huobi’s co-founder Leon Li is reportedly in negotiations to sell the majority of his shares in the company, which may be worth over $1 billion.
