Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is “deeply undervalued,” despite revenue decline. According to its annual report released last week, Canaan’s total revenues shrank by 67.5% to $211.5 million in 2023 from $651.5 million in 2022. Canaan...
The Samsung subsidiary Samsung Next, an affiliate of Samsung Electronics, has made an undisclosed investment in the DePIN player Roam. Per the South Korean media outlet Global Economic, the money will help Roam build a network of global WiFi roaming nodes. The firm, operated by MetaBlox, is also building a DeWi (decentralized WiFi) ecosystem. #Roam...
Only1 has raised $5 million in investment funds to build a Web3 “OnlyFans clone” adult content platform on Solana, led by Newman Group. This move comes to take on OnlyFans, the leading adult content platform, with a $1 billion share of the $1.6 billion industry. To capitalize on the platform’s dominance, creators must pay a...
Nadeem Anjarwalla, a Binance executive facing charges in Nigeria who escaped from custody, was recently apprehended in Kenya after fleeing custody while awaiting extradition. Government sources familiar with the matter revealed that Anjarwalla’s arrest came after a concerted effort by law enforcement agencies from Nigeria and Kenya. The Kenya Police Service confirmed the arrest and indicated...
OKX, a leading global cryptocurrency exchange, has teamed up with Manchester City to introduce commemorative football shirts that can be minted as Non-Fungible Tokens (NFTs). The initiative, named “Unseen City Shirts,” presents Manchester City fans, the reigning English football champions, with the opportunity to own exclusive memorabilia and win exciting prizes. Manchester City Launches Inaugural...
Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens. Just got confirmation that the next round of locked #solana coins from the #FTX estate will be an auction, with exact details coming Monday. If you want...
Bitcoin’s latest price dip to under $60,000 has raised questions as to whether the asset’s spectacular bull run this year could be ending earlier than expected. Lead Glassnode analyst James Check, however, says bull have very little to worry about. Bitcoin’s Pullback: Dip Or Doom? In a video analysis posted on Friday, Check reviewed various...
SafeMoon (SFM) CEO John Karony took to X (formerly Twitter) on April 21 to defend his innocence after being charged by U.S. officials with fraud over a multi-million dollar crypto scheme last November. “I’ll keep this post brief and to the point. I’m innocent, I didn’t commit fraud,” Karony wrote. “Looking forward to this case...
Notably, a downward trendline near the pivot point of $65,214 suggests resistance; thus, remaining below this mark could maintain bearish pressures. However, a breach above this level could shift momentum favorably for Bitcoin, pointing towards a more bullish stance. Act Fast to Buy Dogeverse Before Imminent Price Hike Dogeverse, a meme coin making waves across...
Presidential candidate Robert F. Kennedy Jr. is committed to transforming the US budget system by adopting blockchain technology. He revealed his plans during a campaign rally in Michigan on April 21, where he explained that the shift would enable Americans to access “every budget item anytime they want, 24 hours a day.” During his campaign,...