The stocks of other publicly traded miners, which are highly leveraged to the price movements of the cryptocurrencies they mine, have also dropped. On Friday, shares of Hut 8 (HUT) fell about 12%, Hive (HIVE) dropped more than 9%, Riot Blockchain (RIOT) dipped 7%, and Marathon Digital (MARA) fell about 5%. Source link … [Read more...] about Newly Public Core Scientific Leads Slump in Crypto Mining Stocks
Leads
Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise
At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon's MATIC token fell 6% even as the network implemented Ethereum's fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana's token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to … [Read more...] about Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise
Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage
Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CoinDesk. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team. Source link … [Read more...] about Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage
Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana
Burnt Finance, a protocol built on Solana, has raised $8 million in a funding round led by Animoca Brands. It also launched its non-fungible token (NFT) platform.The capital will go toward adding staff and exploring partnerships with artists and other Solana-based projects.Burnt Finance, known for burning a piece of artwork from street artist Banksy before selling a digitized … [Read more...] about Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana
A16z Leads Additional $25M Round for DeFi Credit Protocol Goldfinch
Goldfinch has grown its outstanding loan volume from $250,000 a year ago to over $38 million. The protocol is serving over 200,000 borrowers in 18 countries. Goldfinch capital is being used for a wide range of uses, including motorcycle taxis in Kenya and small businesses in Brazil. Source link … [Read more...] about A16z Leads Additional $25M Round for DeFi Credit Protocol Goldfinch