Following an initial seed capital round of $1.4 million, Purestake has raised a $6 million strategic round of financing from a consortium of investors to accelerate development, as the team aims to bring the Moonbeam network live in the second half of the year. Ethereum-Compatible Smart Contract Initiative Aims To […]

A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA sees the tokens reportedly backed by 30,000 metric tons of Mexican white corn. Although the Cerealia platform only facilitates two-way deals at […]

Appearing on Bloomberg, Kraken CEO Jesse Powell explained why he believes dollar-based long-term price predictions for Bitcoin are flawed, emphasizing the inflationary nature of fiat currencies. Responding to a question asking Powell for end of year price predictions, Kraken’s CEO said: “I think I said Bitcoin is going to infinity […]

With a start date of March 15th, The Spring 2021 Chainlink Virtual Hackathon records more than 3,500 participants. According to an official post, the participants are “building the next generation of smart contracts”. The event will end on April 11th. However, those who wish to claim the $125,000 will have […]

Ripple is falling after it retested the $0.58 resistance level. Incidentally, Ripple price rebounded above the $0.56 support and rallied above $0.58 high. The altcoin price pulled back and closed above $0.5785 at the time of writing. However, after the pullback, the XRP price is fluctuating in a tight range […]

The Chicago Mercantile Exchange, or CME, has unveiled plans to launch a new Bitcoin (BTC) derivatives product that will enable traders to speculate on fractional units of the flagship digital currency. CME Group’s Micro Bitcoin futures contract, which is set to launch May 3 pending regulatory approval, will be worth […]

For decades, banks have created friction-intensive lending processes that incur huge interest rates and intrusive checks into people’s private affairs. As part of the traditional financial market, funding a loan entails identity checks, credit checks, income checks, as well as collateralization of real-world assets. After at least a few days […]

PayPal’s latest decision to launch a cryptocurrency checkout service included support for four digital assets: bitcoin, ether, bitcoin cash, and litecoin. Still, Binance exchange’s native cryptocurrency, Binance Coin, benefited the most from the global payment giant’s pro-crypto declaration. Binance Coin, or BNB, surged more than 8 percent on Tuesday, hitting […]

A federal court in the United States has ordered a U.K. man to pay $572 million in restitution and civil monetary penalties in connecting with the defrauding of over 1,000 investors in 2017. Benjamin Reynolds, the founder of Control-Finance, is accused of misleading investors to believe he would invest their […]

Another day of gains for Bitcoin (BTC) has seen the price of the largest crypto by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s M1 money supply which stands at $1.104 […]