Ether (ETH), the native cryptocurrency of Ethereum’s blockchain, refreshed record highs on Tuesday amid continued bullish flows in the options market. Meanwhile, tokens associated with virtual reality games extended their rally on Facebook’s recent championing of the metaverse as the next evolution of social technology. Ether rose to $4,480 during the European hours, surpassing the […]
Archives for November 2021
Metaverse Startup The Sandbox Closes $93M Series B Led by SoftBank
Metaverse startup The Sandbox closed a $93 million Series B funding round led by SoftBank, said a press release. The Sandbox is an Ethereum-based platform where players can “play, create, own, and govern a virtual world,” according to its site. Players can own in-game assets in the form of non-fungible tokens (NFTs), such as plots […]
Kleiman v. Wright: Bitcoin’s Trial of the Century Kicks Off in Miami
MIAMI — The civil trial of Ira Kleiman vs. Craig Wright kicked off in Miami on Monday to perhaps answer one of Bitcoin’s greatest mysteries: Who is Satoshi Nakamoto and what happened to the estimated 1.1 million BTC in his possession? Wright, an Australian computer scientist and early cryptocurrency pioneer, has been claiming to be […]
Bitfarms Hits Record High Hashrate in October and Forecasts Additional Growth
Canadian miner Bitfarms plans to grow its mining capacity to more than 2 exahashes (EHs) per second in November after hitting a record hashrate last month, according to a SEC filing on Monday. The miner’s October bitcoin product rose 12.5% from September, due to production from its newly built, larger production facility in Cowansville, Québec. […]
DeFi Startup Notional Expands Fixed-Rate Lending Presence With V2 Upgrade
Fixed-rate lending startup Notional is growing its DeFi presence with the launch of its V2 upgrade, the company announced Monday. The platform offers fixed-rate debt using an on-chain automated market maker (AMM). The company said the new iteration of its platform comes with an improved focus on security and liquidity, following a $10 million Series […]