Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report

Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It’s unclear what led to the purchase not going through, as 2TM reportedly declined to comment and a Coinbase spokesperson said it was simply “committed to the Brazilian market.” Coinbase and 2TM scrapped talks over a possible purchase…

Colorful billionaire’s Dubai real estate firm now accepts BTC and ETH

Multi-billion dollar Dubai-based real estate developer DAMAC Properties has started accepting Bitcoin (BTC) and Ether (ETH) payments for its luxury abodes. DAMAC Properties was founded by colorful billionaire Hussain Sajwani in 2002, and the firm has conducted business throughout the middle east, Canada and the U.K. It also owns high-end fashion and jewelry brands Roberto Cavalli and De-Grisgono. Sajwani is known for extravagant marketing tactics such as giving away free Lamborghinis to property buyers. He also teamed up with Donald Trump in 2013 to launch multiple Trump-branded golf courses in…

US Treasury Dept lists crypto mining firm in latest sanctions against Russia

The United States Treasury Department has added Russia-based crypto mining services provider BitRiver and several subsidiaries as firms facilitating the evasion of sanctions.  In a Wednesday announcement, the Treasury Department’s Office of Foreign Assets Control, or OFAC, said it was taking action against BitRiver AG as well as 10 of its Russia-based subsidiaries, naming the companies as ‘Specially Designated Nationals’. Firms and individuals listed as such by OFAC have their assets blocked and “U.S. persons are generally prohibited from dealing with them.” According to the U.S. Treasury, the actions against…

US Bitcoin mining firm turns to harmful coal waste for cleaner energy

Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs. The company collects coal refuse, a leftover waste material from the process of coal mining, and burns it in what it says is an emissions-controlled environment at its energy generation facilities. Coal refuse can cause a raft of environmental problems, such as water and air pollution, and acid mine drainage, the acidic water which comes from coal mining operations. Collecting this waste and safely…

Snoop Dogg, Google Ventures and Samsung join $450m seed funding round for Yuga Labs, the web3 firm behind Bored Ape Yacht Club

Web3 platform Yuga Labs has closed a $450 million Series Seed funding round, led by a16z crypto. Yuga Labs is a web3 platform behind the popular NFT series Bored Ape Yacht Club, a collection of 10,000 Bored Ape NFTs. Last week, Universal Music Group‘s Web3 label 10:22PM bought a Bored Ape NFT for over $350,000. The funding round values Yuga Labs at $4 billion. The round has seen participation from top tier game studios like Animoca Brands and its subsidiary The Sandbox, strategic partners like LionTree, Sound Ventures, and Thrive…

Why This 111-Year-Old Investment Firm Is Launching a DAO

Kurzweil said there are five core components of what Bessemer hopes the DAO will do and how it will provide portfolio support for founders and companies: talent introductions, business development through networking, community, tokenomics and, eventually, an education track around investment themes and areas of innovation. Author: Brandy Betz Source link