NVIDIA, synonymous with high-performance computing, has been quietly powering the crypto revolution. While the company might not be directly involved in cryptocurrency development, its cutting-edge GPUs (Graphics Processing Units) are the backbone of the mining operations that fuel many popular cryptocurrencies. The Role of GPUs in Cryptocurrency Mining Cryptocurrency mining is a complex process that…
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MicroStrategy Inc. (Nasdaq: MSTR) announced the pricing of $2.6 billion in 0% convertible senior notes due 2029 in a November 20 press release. Initially targeted at $1.75 billion, the offering was expanded due to investor interest, with an option for buyers to acquire an additional $400 million. Given high demand, we upsized our $MSTR offering…
In an innovative move to enhance the DeFi ecosystem, Truflation, a leading provider of real-time economic data, has joined forces with LandX, an expert in agricultural commodity pricing. This collaboration introduces tokenized agricultural commodities to digital investors, marking a significant step in bridging traditional finance (TradFi) with decentralized finance (DeFi). The partnership integrates real-time agricultural…
In an era where blockchain innovation intersects with societal causes, DWF Labs announced a $500,000 grant to $BARSIK—a project centred on cats' welfare, which has sparked intrigue. In a November 19 post on X, the popular Web3 company announced the grant to the meme project. “We are proud to support $BARSIK, a meme that combines blockchain…
In a major legal decision, a United States Judge in California directed that Decentralized Autonomous Organizations (DAOs) should be recognised as partners as stipulated by the state's partner laws. Accordingly, this new verdict supports that each DAO member becomes liable for the activities of other DAO members. For this ruling, US Judge Vince Chhabria used…
Popular US-based business intelligence company, MicroStrategy announced on November 18 that it acquired 51,780 Bitcoin for $4.6 Billion. Notably, the company kept buying BTC in this previous week even as the token continued to break its all-time highs. Speaking on the recent purchase in a post on X, Michael Saylor, Founder and Chairman at MicroStrategy, highlighted…
The crypto space has a new addition as Usual token ($USUAL) launches on Binance through its 61st Launchpool project. Notably, Usual is a decentralized fiat stablecoin issuer and it integrates real-world assets (RWAs) into the blockchain, aiming to redefine the future of decentralized finance (DeFi). Here’s everything you need to know about this exciting project and…
On November 14, eighteen US states filed to sue the Securities and Exchange Commission (SEC) for "unconstitutional overreach and unfair persecution" of the crypto industry under Gary Gensler's leadership. Notably, it was a joint filing led by Russell Coleman, Kentucky's Attorney General (AG), in a Kentucky district Court. Accordingly, other AGs partnered with AG Coleman to…
Shayne Coplan, Chief Executive Officer (CEO) at Polymarket faced an FBI crackdown after correctly predicting that Donald Trump would win the US 2024 presidential elections. To clarify, the FBI's scrutiny occurred on November 13, a few days after Trump's win. Notably, FBI operatives raided the CEO's official residence in Soho and seized Shayne Coplan's electronic…
Popular US-based cryptocurrency trading platform, Robinhood, has expanded its crypto token offerings to its customers in the United States. As stated in a November 13th report by the platform, "Today, Robinhood Crypto announced the addition of Solana (SOL), Pepe (PEPE), Cardano (ADA) & XRP (XRP) to its U.S. platform." For context, this brings the total number…
