McDonald’s starts to accept Bitcoin and Tether in Swiss town
The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano.
Month: October 2022
Bitcoin Gains Momentum on Fed Pivot Narrative, But Some Banks Anticipate Dollar Rebound
Bitcoin rose above $20,000 soon before press time, extending Monday’s “ISM-induced gains” as dollar continued to lose ground. Some banks, however, are worried the dollar weakness may not be long lasting.
Bitcoin price plummets while miner hash rate soars to all-time highs
The overall security of the Bitcoin protocol, or hash rate, hit a new high of 158 exahash per second despite the price being down over 50% year to date.
What Are the Odds?
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Nigerian proptech Spleet gets $2.6M led by MaC VC to scale its property management products
For the average individual living in Lagos — Nigeria’s most populous city, with over 20 million people — apartment hunting is an extreme sport. Not only is rent expensive — low- to middle-income housing can cost between $1,000 and $5,000 yearly — but renters must also pay a year in advance, sometimes even two before … Read more
Leonardo Syndrome
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Law Decoded, Sept. 26–Oct. 3: New episode of Do Kwon saga
Terra’s co-founder continues his adventures, writing code in his living room, posting on Twitter and hiding from Interpol all at once.
EU’s ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers
The European Securities and Markets Authority is worried about consumer rip-offs, as well as novel risks like hacks and consensus manipulation
Mastercard launches new crypto fraud protection tool
Mastercard’s new product allows banks to find and prevent fraud on crypto merchant platforms within its network.
App Store experienced sharp revenue drop in September, Morgan Stanley says
Apple’s App Store suffered a 5% year-on-year dip in net revenue in September according to a note from Morgan Stanley analyst Erik Woodring. This is the biggest drop in App Store revenue since the financial services company started tracking its data. Woodring said gaming was the biggest reason for the decline as the sector plunged … Read more
UML: My Part in Its Downfall
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Shares in Grayscale’s Bitcoin Trust Trade at 36% Discount to Fund’s NAV
The shares first slipped into discount in February 2021 primarily due to alternatives like ETFs becoming available in Canada and Europe.
How fateful?
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Egyptian venture capital firm Algebra Ventures hits first close of second fund at $100M
Last April, Egyptian and MENA-focused venture capital firm Algebra Ventures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 startups across Egypt and the Middle East. While Algebra Ventures predicted it would reach its first close in Q3 2021, the firm … Read more
GIC backs Indian EV startup Euler Motors in $60 million funding
Euler Motors, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offerings. Singapore’s sovereign fund GIC led the New Delhi-headquartered startup’s Series C funding. Blume Ventures, Athera Venture Partners, QRG, ADB Ventures and … Read more
Binance opens two new offices in Brazil as team doubles since March
Binance revealed it has more than 150 employees to cover its operations in Brazil and appears to be in good standing with the local government and regulatory agencies.
The HTML5 Shiv (2011)
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CoinShares’ Butterfill suggests ‘continued hesitancy’ among investors
Matrixport’s head of strategy said he believes the market is currently in a “wait-and-see environment” but could shift after the U.S. mid-term elections in November.