The cost of transaction fees on the Bitcoin network is primarily determined by two major factors: miners’ revenue and the total number of transactions processed.
In all of this, the strategic timing of Genesis’ plans has come up as noteworthy.
Earlier in June, Northern Data launched AI Accelerator, a project designed to give startups access to its Generative AI technology and expert team.
At the moment, Unicoin is conducting a large-scale advertising campaign to increase brand awareness and attract potential investors.
Blocktrade has announced that it has been acquired by a group of “seasoned fintech investors from Estonia”, adding that it aims to grow exponentially with the help of the new investors.
This private equity sale by Revolut will help the company generate liquidity for early investors and employees.
The first quarter of 2024 proved to be a strong period for crypto fundraising, with a total of $2.4 billion secured across 518 deals, marking a 40.3% increase from the previous quarter.
In its takeover bid, Riot proposed that it would help Bitfarms’ shareholders to capitalize on the potential for future value creation.
The acquisition of Standard Custody by Ripple follows the approval of necessary regulatory requirements, thus solidifying Metaco’s purchase last year.
The new Bitfarms Poison Pill hopes to keep Riot at bay for a while, protecting itself from a forced takeover from the rival.
The partnership is set to provide a stable, recurring, and high-margin revenue stream for Core Scientific, complementing its current business model.
ARK Invest has been making AI-related moves, and xAI’s is the latest in that regard.
Riot also pointed out that the merger would be advantageous for shareholders of both companies.
OKX Ventures anticipates Bitlayer’s next steps to include the integration of new features that will enhance the Bitcoin ecosystem, such as enabling the creation of NFTs and other liquidity assets on the platform.
Despite the quarterly gains, the overall pace of VC investments into crypto projects has slowed down compared to the explosive growth seen in 2020 and 2021.