During the first half of the year, non-fungible token (NFT) sales surged to $2.5 billion in 2021, and trade volume shows the trend hasn’t slowed down. For instance, July saw a record $363 million spent […]
In brief Cryptocurrency exchange FTX will sponsor the League of Legends Championship Series (LCS) esports competition in a seven-year deal. FTX already sponsors LCS team TSM FTX via a $210 million deal announced in June. […]
On Monday, the publicly listed bitcoin mining firm Marathon Digital Holdings announced that it purchased 30,000 S19j Pro Antminers from Bitmain. According to the company, once the new lot of mining rigs are fully deployed, […]
A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the […]
HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank […]
Over July, there was a flurry of sophisticated cyberattacks within the crypto industry. Cybercriminals continued to exploit a variety of attack vectors in the pursuit of siphoning off digital currencies. These cybersecurity concerns come from […]
Digital asset management firm Arca has launched a new actively managed crypto fund that is aiming to offer low double-digit effective yields. In a press release published on Aug 2, digital asset management firm Arca […]
In a recent blog post, the International Monetary Fund (IMF) warned against nations adopting cryptocurrencies as legal tender. Although not explicitly referred to, the recommendation likely reflects El Salvador’s recent legalization of Bitcoin as legal […]
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