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Galaxy Digital will be paying BitGo shareholders a whopping $1.2 billion partly in common stock options and partly in cash. The company shall retain all employees of BitGo.
The US stock sell-off might have been compounded by the comments that the interest rates may need to be raised to prevent excessive load on the economy.
Coinbase is estimated to facilitate payments of up to 8-figures on Sotheby’s website during the auction period.
PayPal may likely collaborate with an existing stablecoin company instead of creating “something themselves”.
According to Lannone, parts of NFTs were “already transacting” on eBay, but the e-commerce company is yet to simplify the process for merchants and customers.
Crypto exchange OKEx was the first to announce the listing of Chia Coin (XCH) on its network. XCH is now available on OKEx on its spot trading market.
The spike in Ethereum price rejuvenated the cryptocurrency bulls after the entire market consolidated for around two weeks.
The alleged plans by Revolut to enable Bitcoin withdrawals may serve as a reference point for other firms to trail the same path.
The overall value of the crypto market makes it $100 billion more valuable than Apple. The $1.1 trillion value of Bitcoin puts it ahead of the likes of other heavyweight companies including Tesla and Facebook.
The sudden rising craze around farming the Chia coin has resulted in massive demand for SSD and enterprise-grade storage hard drives. This has further pushed the surge in the price of these hard drives by 50-60%.
The year has been a positive one thus far for investors as the global market has grown remarkably.
Ethereum has toppled several financial payment companies in its price surge to $3000 and above. The Ethereum blockchain network is the preferred choice of the European Investment Bank (EIB) for settling 100 million euros worth of digital bonds.
Many companies are said to have shown interest in working with Forbes in its attempt to go public.
E-commerce giant Amazon reported stellar numbers in sales led by the pandemic-struck demand in online shopping. The company also reported a strong surge in its cloud computing business and Amazon Prime Video demand.
By the time of writing, ETH has set a new ATH at over $2,797 with a market cap of over $320 billion.