Applied Blockchain Refinances $15M Credit Facility from a North Dakota-based Bank

U.S. bitcoin mining company Applied Blockchain, Inc has announced that it has entered into a credit agreement with a North Dakota-based bank for a $15 million loan that will expand its crypto mining operations to take advantage of opportunities emerging in the current bear market. Applied Blockchain disclosed that the funds obtained will be used … Read more

FTX Partners with Paradigm for ‘One-Click’ Futures Spread Trading

Crypto assets trading platform FTX has partnered with Paradigm, one of the largest institutional liquidity networks in launching a “one-click” future spread trading that integrates eight (8) different cryptocurrencies. According to the announcement, the partnership will enable users to trade for half the fees of trading usually, as against “trading two individual contracts outright”. The … Read more

Axie Infinity Transitions its P2E Gaming Platform to a New Game Mode

Online pay-to-earn (P2E) gaming platform Axie Infinity has announced the transition of its gaming mode from classical to a better-developed one dubbed Axie Infinity Origin. According to the blogpost shared by the platform, the transition to the new game mode will be completed in 30 days, starting from last Friday. Axie Infinity has often developed an … Read more

Coinbase Falls Short in the S&P Global Ratings as Crypto Winter Stiffens

Financial analytics firm S&P Global Ratings has disclosed that Coinbase has been ranked lower for the reduction in its overall earnings in Q2 this year. According to the statement issued by the rating agency, the US-based crypto exchange dropped from ‘BB+’ to ‘BB’, suggesting difficult times for the company. Several reasons account for the current … Read more

Tornado Cash Developer Arrested by Dutch Authorities

The Dutch Fiscal Information and Investigation Service (FIOD) has arrested a suspect in connections to money laundering crimes on the crypto mixing platform, Tornado Cash. According to the statement, an individual is a 29-year-old man arrested in Amsterdam with his identity obscured by the regulator. Tornado Cash was sanctioned last Monday by the US Treasury … Read more

Ethereum hits 8-month highs in BTC as money heads for ‘riskier’ altcoins

Ether (ETH) is worth more in Bitcoin (BTC) than at any time since the start of the year amid renewed appetite for altcoins. ETH/BTC 1-day candle chart (Binance). Source: TradingView Altcoin market cap returns to $700 billio Data from Cointelegraph Markets Pro and TradingView confirms that ETH/BTC has cleared key resistance to pass 0.08 BTC on … Read more