Why Transferwise’s Co-Founder Backed This Blockchain Company
2020 was a massive year for blockchain adoption, with some of the largest financial institutions worldwide buying or integrating cryptocurrencies into their business model. It was also a historic year for decentralized finance (DeFi) which has grown from less than $1 billion in total value locked at the beginning of January 2020 to almost $15 […]
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A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My Big Coin’s Founder Convicted The U.S. Department of Justice (DOJ) announced Thursday that the founder of My Big Coin Pay Inc. (aka My Big Coin), Randall Crater, has been convicted in a cryptocurrency fraud scheme. The 51-year-old from East Hampton, New York, defrauded investors of over $6....
The Bitcoin wallet space just got another heavyweight contender. The one who intends to spar with the likes of Blockchain and Coinbase while keeping an eye out on those like Xapo and Circle who are in a slightly lower weight class than the former. The Amsterdam based BlockTrail has recently launched its new multiplatform, multisignature secure bitcoin wallet. The BlockTrail wallet is available for Android, iOS and web users at the moment. According to the company, BlockTrail's wallet is more secure than most of the existing alternatives as it comes implemented with multisignature and HD....
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.”
Reddit’s Polygon-Backed Digital Avatars Will Soon Be Available to the General Public
On July 7, 2022, the staff at Reddit announced the launch of blockchain-backed Reddit avatars that are stored on the Polygon network. It’s not Reddit’s first rodeo with blockchain technology as the....
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions. Argo Blockchain has secured another loan agreement from Galaxy Digital LP with the mining firm’s Bitcoin (BTC) as collateral.According to an announcement by the London Stock Exchange on Friday, the new Bitcoin-backed loan agreement is to the tune of 18.05 million pounds (about $25 million).As previously reported by Cointelegraph, Argo entered into a prior BTC-backed loan agreement with Galaxy Digital for $20 million back in June.The United....
Bitcoin mining company Argo Blockchain has secured a $20 million, bitcoin-backed loan agreement to expand its operations in Texas.