Category: Crypto

Cango Inc., a New York Stock Exchange-listed company, just sealed the deal on a 50-megawatt bitcoin mining facility in Georgia for $19.5 million. This marks a major leap for Cango as it moves from just hosting miners to fully owning and operating mining sites. A New Chapter in Cango’s Mining Play For a while now, Cango had been hosting its bitcoin miners at this Georgia site under a third-party agreement.…

Georgia is making headlines with a bold proposal that could reshape how U.S. states interact with cryptocurrency. A new bill seeks to establish a strategic Bitcoin reserve, a move that could set a precedent for institutional adoption in America. The market has already responded, with Bitcoin’s price climbing following the announcement. A State-Level Crypto Bet with National Implications Georgia’s proposal to allocate a portion of its reserves into Bitcoin marks…

Cryptocurrencies are constantly evolving and innovating, offering new opportunities for investors and enthusiasts alike. One of the latest trends in the crypto space is the emergence of penny cryptocurrencies, which are coins that trade at a price of $0.01 or below. These coins often have a large circulating supply and a low market capitalization, but they also have the potential to deliver massive returns if they gain traction and popularity.…

Ripple, the blockchain company behind the XRP cryptocurrency, has announced that it has acquired Metaco, a Swiss-based crypto custody firm, for $250 million. The deal will enable Ripple to offer its customers the ability to custody, issue, and settle any type of tokenized asset in the emerging crypto economy. Ripple’s Vision for the Future of Money Ripple is a leading provider of cross-border payment solutions, using its XRP Ledger and…

Commerzbank, one of the largest banking institutions in Germany, has announced that it has applied for a crypto custody license from the country’s Federal Financial Supervisory Authority (BaFin). This is the first time a major bank in Germany has made a move toward cryptocurrencies, as the demand for crypto-related services and investments grows among its clients. What is a crypto custody license and why is it important? A crypto custody…

According to CoinDesk, Bitstamp’s Global Chief Commercial Officer and CEO of its US division, Robert Zagotta, revealed that the exchange is in advanced negotiations with three “household name” banks in Europe. He did not disclose the names of the banks, but said that announcements regarding the partnerships are expected in the first quarter of 2024. Bitstamp offers a “Bitstamp-as-a-service” solution, which provides white-label licensing and technology solutions for banks and…

Fireblocks, a leading crypto custody and infrastructure provider, has announced the acquisition of BlockFold, a smart contract development and consulting firm that specializes in advanced tokenization projects for financial institutions. The deal, which is reportedly worth $10 million, will enhance Fireblocks’ tokenization capabilities and enable it to offer a complete service layer that includes advisory, token customization, orchestration, and distribution through the Fireblocks Network. Tokenization: A Growing Trend in the…

Binance, the world’s largest cryptocurrency exchange by trading volume, has stopped offering its peer-to-peer (P2P) services in Russia to customers who use five banks that are under Western sanctions. The move comes amid increasing regulatory scrutiny and legal challenges for the crypto platform in several countries. Binance Drops Sanctioned Banks from P2P Platform According to a report by the Wall Street Journal, Binance has removed the option to pay with…

Friend.tech is a decentralized social media app that allows users to buy and sell “shares” or “keys” of other users, granting them access to private chat rooms and a share of the trading fees. The app, which launched on August 10, 2023, has quickly become a viral sensation in the crypto community, attracting celebrities, influencers, and investors alike. But is Friend.tech a sustainable and innovative project, or just a fad…