Tag: social

Silvergate Capital’s Q4 Earnings Showcase Growth in Cryptocurrency Engagement

Silvergate Bank has produced strong growth and earnings since going public in late 2019. However, the fourth-quarter earnings of 2021 failed to maintain the trend as net income slumped by almost 9%. On the other hand, fee and net interest incomes powered by digital currencies reflected growth. Silvergate’s Q4 Earnings The cryptocurrency-friendly bank reported a […]

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OpenSea Acquires Dharma Labs to Explore Fiat for NFTs

On January 18th, OpenSea announced that it had acquired Dharma Labs for an undisclosed amount. The world’s top NFT marketplace was recently valued at $13.3 billion following its latest funding round. Sources at the 2017-founded firm told Reuters that deal would help it “dramatically improve the experience of buying, minting, and selling NFTs” on its […]

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VC Firm Blossom Capital Raises $432M to Invest in the Cryptocurrency Ecosystem

The London-based venture capital company Blossom Capital raised $432 million to invest in early-stage tech startups in Europe. The firm has reserved a third of the proceeds for investments in the cryptocurrency industry. Blossom Capital Eyes the Crypto Universe The cryptocurrency initiative, which the British organization launched, does not come as a surprise since its […]

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The Cardano Foundation Partners with EMURGO to Develop New dApps

The Cardano Foundation teamed up with its official commercial arm – EMURGO – to launch a joint project. The main goal is to support the ecosystem of the blockchain protocol and accelerate decentralized application development. ‘We Want to Ensure We Enable The Architects of The Future’ According to a recent blog post, the project will […]

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Coinbase Partners With Mastercard to Make NFT Purchase Easy

Leading cryptocurrency exchange Coinbase has teamed up with payment processing giant Mastercard to simplify purchasing non-fungible tokens. According to an official blog post today, Coinbase is planning to make it easier for newcomers to join the booming NFT market by employing a similar strategy as it did with its cryptocurrency exchange. Despite the growth of […]

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Thailand’s Former SEC Chief Opposes Possible Crypto Taxation: Report

Thailand’s Former SEC Chief Opposes Possible Crypto Taxation: Report

Tipsuda Thavaramara – former Deputy Secretary-General of Thailand’s Securities and Exchange Commission (SEC) – disagreed with the government’s intentions to impose a 15% capital gains tax on cryptocurrency profits. She believes such legislation is unpractical, unfair, and not beneficial for the trade sector. The Bill Lacks Clarity Earlier this month, the Thai authorities presented plans […]

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CryptoCom Becomes Financial Backer of the Australian Football League and the AFLW

The digital asset platform CryptoCom inked a five-year collaboration with the AFL to become a financial backer of the Toyota AFL Premiership Season and the NAB AFL Women’s championship. The trading venue will also feature as the exclusive naming rights partner of the tournaments and the Final Series matches. CryptoCom Expands in Australia According to […]

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Bitcoin Aid Reaches Tsunami-hit Tonga When Communication Lines Are Down

Bitcoin Aid Reaches Tsunami-hit Tonga When Communication Lines Are Down

As per ex-parliament member Lord Fusitu’a, the island nation is on course to adopt bitcoin as legal tender by November 2022. For now, though, the cryptocurrency is being used to transfer funds to Tonga, which was hit by a Tsunami recently. Bitcoin Donations for Tonga A tsunami measuring 1.5 meters triggered by the shockwave hit […]

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