Bitcoin miner Bitfarms has splashed about $43 million to add 1,000 BTC to its balance sheet after securing a $100 million loan.
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Bitcoin’s price fell to its lowest point since September on Monday, dropping below $40,000 before recovering later in the session.
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Quick Take
- As the NFT market grew at a breakneck pace, it also lured big brands
- Although corporations navigated the waters of the NFT market with caution initially, they started to have more skin in the game towards the end of the year
- While some brands indicated rather short-term thinking, others signalled genuine long-term interest in the space
The world’s biggest inter-dealer broker TP ICAP said on Monday it has launched crypto-related exchange-traded products for its European clients.
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NFT marketplace OpenSea has seen strong trading volumes so far this month. A frenzy that puts it on track to set a new monthly record.
The post NFT marketplace OpenSea kicks off the new year with strong volumes appeared first on The Block.
Upstart NFT platform LooksRare has gone live today, as more marketplaces continue to crop up to try to take on the market leader OpenSea.
The post NFT marketplace LooksRare goes live with vampire attack on OpenSea appeared first on The Block.
The U.S. Department of Transportation’s Small Business Innovation Research (SBIR) program unveiled a raft of proposed research areas this week, including one that proposes investigating the use of crypto tokens to incentivize approaches to what it calls “modality use by consumers.”
The post US DOT wants to fund research into crypto token incentives for drivers appeared first on The Block.
Quick Take
- 2021 was a breakout year for NFT projects
- The Block Research examined the geographic regions NFT projects are based on their launch dates to provide an overview of their operations
- 53% of NFT projects in our database are headquartered in the U.S.
The Block reported last May that PayPal was holding exploratory conversations about a stablecoin.
The post PayPal confirms that it is ‘exploring’ a stablecoin appeared first on The Block.
Quick Take
- Investors poured $11.5 billion into the fintech sector globally in December, with 24 megarounds of over $100 million.
- Like November, VCs splashed the cash on payments fintechs primarily — $2.2 billion went into the subsector in December.
