Hack VC Secures $150m Fund to Fuel Crypto, Defi Startups
To support the cryptocurrency business, $150 million has been invested by New York-based venture capital firm Hack VC. The fund has deployed around one-third of its cash to potential startups, with a focus on early-stage companies in the cryptocurrency industry. Contributions to the blockchain effort Mysten Labs and the cryptocurrency financial services provider Amber Group […]
Sanctioned BitRiver Launches Russia’s Largest AI Data Center
In H2 2024, BitRiver, a Bitcoin mining business under OFAC sanctions, plans to open Russia’s largest artificial intelligence (AI) data center. According to Russia’s official news agency Prime, BitRiver Group subsidiary Bitriver-B plans to create the biggest data center in Eurasia for energy-intensive computing in the second half of 2024. The Association of Industrial Mining’s […]
Arcade Announces 3 Million ARCD Token Airdrop for NFT Collectors
Arcade will airdrop a platform for lending digital collectibles. Three percent of the ARCD token supply will be sent to owners of particular NFT collections. Arcade announced its “Clash of Clans” airdrop program on Medium. The effort aims to disperse ARCD tokens among 4,000 wallets, with each wallet able to claim 750 ARCD tokens. The […]
Ripple Hints at Big Custody Plans in New Job Offer
The blockchain startup Ripple, based in San Francisco, is strategically expanding its footprint in the digital asset custody space. One such move is the recent recruitment of an accomplished enablement engineer in New York. This comes after Metaco, a company that specializes in security-critical infrastructure for financial institutions, was acquired by Ripple for $250 million […]
Japan Moves to Allow Investment Funds to Hold Crypto
The Japanese cabinet has approved the addition of cryptocurrencies to the list of assets that local investment limited partnerships (LP) firms are permitted to purchase or keep. The Ministry of Economy, Trade, and Industry declared on February 16 that VCs involved in cryptocurrency now have greater regulatory certainty. The objective of the modification is to […]