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Blockstream Raises $210M in Convertible Note Financing Round

[Oct 15 1:00 PM] The money raised will be used to advance adoption and development of Blockstream's layer 2 technologies, to grow the company's mining operations, and expand its bitcoin treasury.

Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

[Sep 1 11:30 PM] Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike…

Circle denies claims of illicit financing and ties to Justin Sun

[Nov 30, 2023 3:45 PM] According to an open letter published on Circle’s blog, the company has not provided services to Justin Sun since February.

Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says

[May 26, 2023 6:00 PM] The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will…

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

[May 7, 2023 3:30 AM] Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments…

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

[Apr 11, 2023 5:30 AM] A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that…

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

[Jan 28, 2023 1:30 AM] The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and…

BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand

[Dec 30, 2022 11:30 PM] BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing…

Stock price for troubled Bitcoin miner Core Scientific surges 200%

[Dec 15, 2022 7:11 PM] After a flurry of bad news throughout 2022, the miner has been offered a lifeline which could enable it to see out the current Crypto Winter.