Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up from $110 million in 2020, according to KPMG's Pulse of Fintech report.As per the study, the city-state has long been recognized as a center of cryptocurrency activity, with over $1.48 billion in investment completed last year alone.KPMG suggests that the increase is in part … [Read more...] about Singapore saw 13x jump in crypto investments in 2021: KPMG
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Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi ‘bailout’
On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321 million on the Solana (SOL) platform, then redeemed … [Read more...] about Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi ‘bailout’
Shares of Crypto Miner Riot Blockchain Jump 7% After Cantor Starts Coverage
Riot’s acquisition of Whinstone gives it a significant advantage over its peers because it reduces the miner’s reliance on third party hosting providers, Cantor said. The acquisition also makes it more vertically integrated and gives the firm increased control over its mining infrastructure and operating costs, the broker added. Source link … [Read more...] about Shares of Crypto Miner Riot Blockchain Jump 7% After Cantor Starts Coverage
German Miner Northern Data Shares Jump Following Operational Update
Northern Data shares climbed Wednesday after the provider of crypto mining infrastructure said it mined 666 bitcoins and more than 26,000 ether since August.The Frankfurt-listed firm which provides computing services to miners, enjoyed a lift of nearly 8.4% on Wednesday morning to €77.80 ($88) before retreating.This followed the firm’s operational update for 2021 in which it … [Read more...] about German Miner Northern Data Shares Jump Following Operational Update
Cardano, Polkadot Jump as Bitcoin Holds Above $50K
Parachains are distinct blockchains that run atop the main Polkadot blockchain. Polkadot, however, has a limited number of slots that can support such parachains, meaning winning slots are subject to a community-run auction that uses DOT to vote for slots, leading to increased demand for the cryptocurrency. Source link … [Read more...] about Cardano, Polkadot Jump as Bitcoin Holds Above $50K