A new software update for Ethereum, the second-largest blockchain network, will likely stabilize transaction fees and cut down on the supply of the tokens, according to Reuters. Ether was trading lower prior to the news but gained afterward and was up 2.6 percent to $2,796,...
Data Gumbo, provider of blockchain-powered smart contract network GumboNet, has closed a Series B funding round with $7.7 million, according to a press release. These funds are adding onto the first close of the round at $4 million from September, the release stated. With the...
The total number of Bitcoin addresses is up 30 percent as the most popular cryptocurrency has seen a network activity boost over the past week, FinanceMagnates.com reported. Crypto analytics program Glassnode found that the active Bitcoin entities per day had risen from 250,000 to around...
Under a new plan in Germany, some institutional funds will be able to invest billions in cryptocurrency, which has never happened before, Bloomberg reported. The new rule will let Spezialfonds with fixed investment rules put as much as 20 percent of what they have into...
Paxos, which provides blockchain infrastructure, has raised $300 million in a Series D funding round backed by Bank of America, crypto exchange FTX, Founders Fund and Coinbase Ventures, CoinDesk reported. The round was led by Oak HC/FT. Additionally, it included PayPal Ventures and Mithril Capital,...
Coca-Cola has debuted a nonfungible token (NFT) collection in celebration of International Friendship Day July 30, according to a press release. The event will see a four-day auction on OpenSea, the release stated. The proceeds will go toward Special Olympics International. There are four pieces...
AS Roma, an Italian soccer club, has signed up for a three-year partnership with Zytara Labs, a blockchain FinTech, CoinDesk reported. The partnership is worth $42 million and will create digital player cards and other collectibles as NFTs, according to CoinDesk. Zytara Labs builds products...
Live by the bitcoin, take impairment charges by the bitcoin. Wall Street can be a funny place – funny peculiar, not funny ha-ha. Valuation of a company pivots off of reading financial statements, from assigning multiples to things like net income, operating income or even...
RocketFuel, which provides one-click cryptocurrency payment options, has announced it will be making its one-click services available for the cannabis industry, according to a press release. By integrating RocketFuel, companies will be able to make sure that merchants can access crypto payments from users with...
