Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the loans challenging to repay and posing significant risks to lenders. While no ASIC-based borrowers have […]
MetaFight is an exciting new entertainment company bringing a mixed martial arts (MMA) trading card game to the metaverse. Players of MetaFight become Managers of their own MMA gym. Using NFTs featuring MMA’s most exciting […]
Key Takeaways BlockFi is increasing its interest rates on BTC, ETH, and stablecoins. The company claims the rise in rates is made possible by its effective risk management strategies, decreasing market competition and changing macroeconomic […]
Solana Mobile has just released an Android phone that lets potentially billions of users get connected on Web3. Solana Mobile is a subsidiary of Solana Labs, a creator of open-source software, and a contributor to […]
The Sydney-based Bitcoin miner Iris Energy, with sites in British Columbia, Canada, is deploying additional capital to improve its contribution to the global bitcoin hash rate. The mining company is investing in new equipment to […]
Canadian crypto mining giant Bitfarms has reneged on its hodling strategy and is instead selling 3,000 bitcoins for $62 million amid a recent market rout squeezing miners’ profitability. The CFO of Bitfarms, Jeff Lucas, said […]
Key Takeaways ProShares will launch the first Bitcoin short ETF on Jun. 21. The ETF will allow investors to hedge their crypto holdings or potentially profit from Bitcoin price drops. Bitcoin is currently trading 70% […]
Merit Circle and seed investment company Yield Guild Games (YGG) have agreed to a $1.75 million settlement after ordinary investors voted to kick YGG off the project. On grounds that YGG was not “adding value” […]
Russia’s third-largest oil producer inks agreement with green crypto mining hosting company BitRiver to set up mining facilities on oil fields. As debates rage on in North America about the alleged impact of bitcoin and […]
Vueling, a member of the International Consolidated Airlines Group, signed an agreement with BitPay to allow customers to pay for flights using crypto. Spain’s largest airline, Barcelona-based Vueling, will accept cryptocurrency payments for individuals through […]
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