Generative Data Intelligence

Tag: Mechanism Capital

Robinhood Begins Rolling Out Crypto Wallets to Select Customers

Robinhood Begins Rolling Out Crypto Wallets to Select CustomersTrading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist. Robinhood Lets 1,000 Customers Test Its Crypto […]

Sustainable Bitcoin Miner, Merkle Standard Buys 13,500 BITMAIN Mining Rigs for Eastern Washington Flagship Site

PRESS RELEASE. Irvine, California, January 21, 2022: Merkle Standard, a sustainable digital asset mining platform, announced a new miner purchase order from Bitmain Technologies Limited. The executed purchase agreement is for 13,500 mining rigs from the leading ASIC mining manufacturer and aligns with Merkle Standard’s goal of becoming the industry’s most efficient and sustainable miner. […]

Heroes of Mavia Concludes $5.5 Million Seed Round

Heroes of Mavia Concludes $5.5 Million Seed Round
Blockchain-based play-to-earn massively multiplayer online (MMO) strategy game Heroes of Mavia has closed its $5.5 million seed funding round. Several top investors such as Binance Labs, Genblock Capital, Delphi Digital, Mechanism Capital, Alameda Research, Animoca Brands, YGG, YGG SEA, and many others participated in the seed fundraising.  Managing Director of Skrice Studios, the company that […]

These Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022

These Are the Crypto Economy's 10 Most Expensive Assets per Unit in 2022A lot has changed in regard to the prices of various crypto assets throughout 2021, as today’s top crypto assets look a lot different than they did 12 months ago. Moreover, the most valuable cryptocurrencies in terms of U.S. dollars per unit have also changed, and the top ten most expensive coins have shifted. The […]

Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

Bank of Russia to Monitor Banks’ Dealings With Crypto ExchangersThe Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details on Crypto-Related Transactions In late […]

Hoo AMM Pool Launched, New Access to Increase User Yields

PRESS RELEASE. According to Hoo users who participated in AMM (Automated Market Maker) test, each liquidity pool of Hoo has listed quantitative data, such as total liquidity, 24H transaction fee, 1 day and 7 days annualized return for users’ reference. Compared to on-chain DEX providing liquidity such as Uniswap, users can operate at the Hoo […]

Bitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion

Bitcoin Falls Beneath $40K Dragging Crypto Economy Below $2 TrillionOn Thursday evening around 10 p.m. (EST), the price of bitcoin fell beneath the $40K zone for the first time since September 21, 2021. During Friday’s early morning trading sessions, bitcoin plunged to a low of $38,250 per coin. Furthermore, the market capitalization of the entire crypto-economy has slipped under the $2 trillion mark, down […]

Heroes of Mavia Receives Funding from Binance Labs

Binance Labs, the venture capital and innovation incubation arm of the digital exchange Binance, announced that the company has led the $5.

Indian Government Needs More Time to Finalize Crypto Bill: Report

Indian Government Needs More Time to Finalize Crypto Bill: ReportIndian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to […]

JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion

JPMorgan: Ethereum Losing Ground to Rival Cryptocurrencies in NFT Market Due to High Transaction Fees, CongestionJPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum […]

Crypto.com Reveals 483 Accounts Compromised in Recent Hack — $34 Million in Bitcoin, Ether Stolen

Crypto.com Reveals 483 Users Compromised in Recent Hack — $34 Million in Bitcoin, Ether StolenCrypto.com has revealed that 483 user accounts were compromised in the recent hack that resulted in unauthorized withdrawals of about $34 million in cryptocurrencies, including bitcoin and ether. Nonetheless, the company stressed that customer funds were never at risk. Crypto.com’s Hack Postmortem and CEO’s Comments Crypto.com revealed Thursday the number of users affected by the […]

Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s Announcement

Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s AnnouncementCryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs Shut […]

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