European Union chooses IOTA to evaluate blockchain technology
Blockchain technology, IOTA was selected for the next phase of the European Blockchain Pre-Commercial Procurement. The next phase of testing and development for an attempt to improve pan-European blockchain services using a distributed ledger system has been selected, and it will involve IOTA, a cryptocurrency start-up leveraging blockchain technology and IoT (Internet of Things). The […]
Bitcoin miner Core Scientific raised $500M from investors
Core Scientific got DIP loans totaling more than $50 million from these institutional investors to maintain operations throughout the bankruptcy process. According to court documents, BlackRock and Apollo Capital Management were among the creditors who provided Core Scientific, a defunct crypto miner, with a $500 million loan. When the price of Bitcoin (BTC) fell last […]
Australia comes third for crypto ATM installations
Australia has broken into the top three countries internationally in terms of the number of cryptocurrency ATMs. With 234 cryptocurrency ATMs as per the most current reports, Australia is now third worldwide in terms of crypto installations. The country is now just behind the United States and Canada after installing 16 new units in the […]
DCG’s crypto exchange, Luno axes 35% of its staff
The Digital Currency Group (DCG), which owns the London-based crypto exchange Luno, is the latest to exhibit signs of market crisis contagion. Another indication of the market contagion that started with the Genesis bankruptcy was the announcement of layoffs by a crypto exchange that is a part of the Digital Currency Group (DCG). The decision […]
Gemba raises $18 million to scale its virtual reality training tool
Gemba, a startup in virtual reality (VR), has secured $18 million in a Series A fundraising round led by Parkway Venture Capital. The money invested is intended to provide the business the financial clout it needs to expand into Europe, the Middle East, Africa, and North America. After landing contracts with AstraZeneca, Nike, and Carlsberg […]