Bitkraft Esports venture launches a $75M investment fund for blockchain gaming
Bitkraft VC, an investment platform for esports, gaming, and interactive media, has launched a $75 million token fund to invest in blockchain gaming and digital entertainment. The fund employs a “stage-agnostic” strategy, which means it will invest in firms and startups at any stage of development. The token fund will invest in cryptocurrencies and nonfungible […]
Powercrypto Holdings sets to debut crypto mining in Hong Kong
Powercrypto Holdings, a subsidiary of blockchain software company Powerbridge Technologies, has announced the beginning of a sustainable cryptocurrency mining program in Hong Kong for Bitcoin (BTC) and Ether (ETH). The company intends to install a total of 2,600 first-grade mining rigs, which will include 600 BTC mining machines with a hash rate of 60 PH/s […]
When will Shiba Inu price reach $1?
Following recent activities in the past one week, the price of the meme coin Shiba Inu has experienced a surge, experts have given their take on when they think the coin will reach $1. SHIB is currently ranked 20th on CoinMarketCap, with many cryptocurrency experts blaming the recent surge in interest in the digital coin […]
Abracadabra Money’s stablecoin Magic Internet Money (MIM) surpasses $1B total supply
As the project seeks to compete with MakerDAO, Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surpassed a $1 billion total supply this month. Abracadabra is an Ethereum, Binance Smart Chain (BSC), Fantom, Avalanche, and Arbitrum cross-chain stablecoin lending mechanism. The project also contains a SPELL governance token that may be staked on the system, […]
Tether denies report of using its reserves for investments and making crypto-backed loans
Tether (USDT), the largest stablecoin by market capitalization, has denied the facts of a Bloomberg story about its reserves holdings, calling the report a “tired attempt” to undermine the company. Bloomberg journalist Zeke Faux said in a Thursday story that Tether’s chief financial officer Giancarlo Devasini has utilized the company’s reserves to make investments, contradicting […]