The success of Bitcoin spot ETFs in the United States has come at the expense of their global competitors, despite surging demand for Bitcoin over the past few months. European Bitcoin ETFs Are Losing Money As reported by the Financial Times, spot Bitcoin ETPs in Europe have suffered net outflows worth $500 million a year...
Pudgy Penguins has partnered with Mythical Games to create a blockchain-enabled AAA mobile game to launch in 2025. According to a press release, the new game will combine the popular Pudgy Penguins characters with Mythical Games’ expertise in blockchain gaming, which developed titles including NFL Rivals and Blankos Block Party. The expansion continues. Pudgy Toys...
Bitcoin spot exchange-traded funds (ETFs) continue to attract significant investor interest as they record thirteen consecutive days of net inflows. On May 30, the total net inflow for Bitcoin spot ETFs reached $48.706 million, according to data from SoSo Value. Grayscale ETF GBTC experienced no outflows on that day, while Fidelity ETF FBTC witnessed an...
Former Deutsche Bank employee and FINRA registered broker, Rashawn Russell, aged 28, has been sentenced to 41 months in prison for wire fraud and crypto fraud scheme that saw investors lose $1.5 million. Russell was sentenced by United States District Judge Hector Gonzalez on Thursday and has been ordered to pay more than $1.5 million...
Unchained, a Bitcoin financial services firm based in Austin, Texas, has joined forces with the University of Austin (UATX) to launch a groundbreaking long-term endowment fund. The initiative aims to raise $5 million, which will be invested in Bitcoin for a minimum period of five years, according to an announcement from Unchained. As the first-ever...
Zentry, formerly known as GuildFi, has secured funding in a strategic round to build its Metagame Layer. According to a press release shared with Cryptonews.com, the funding round included investments from Spartan Capital, Synergis, LongHash Ventures and DWF Labs. Animoca, Binance Labs, Coinbase Ventures and Pantera Capital have previously supported the company. Metagame Layer to...
Bitcoin’s market outlook has garnered significant attention following Elon Musk recent tweet denying any discussions about cryptocurrencies with former U.S. President Donald Trump. Musk stated, “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favour of things that shift power from the government to the people, which crypto can do.” This...
In an exclusive interview with Cryptonews’s Matt Zahab at Consensus 2024 in Austin, Ralf Kubli, a board member at the Casper Association, shared the cutting-edge advancements Casper is making in the blockchain and AI space. This interview revealed Casper’s innovative enterprise solutions, unique tokenization approach, and exciting new collaboration with IBM. Casper is making significant...
Japanese Bitcoin exchange DMM lost 4,502.9 Bitcoin to a hack on Friday, comprising 48.2 billion yen ($305 million USD) worth of customer funds. DMM confirmed the loss in a public statement, calling it an “unauthorized leak of Bitcoin (BTC) from our wallet.” DMM Bitcoin Implements Restrictions Following Crypto Hack “We are still investigating the details...
In an insightful interview at Consensus 2024, Adeniyi Abiodun, co-founder and Chief Product Officer (CPO) at Mysten Labs, the company behind the Sui blockchain, talked about building a highly scalable blockchain. He discussed the importance of consensus algorithms, multi-machine architecture, and cryptography in achieving speed, scalability, and efficiency while maintaining security. Moreover, Abiodun discussed the...