Tesla and SpaceX CEO Elon Musk has made an unsolicited offer to fully acquire social media giant Twitter for a total cash consideration of $43 billion, according to SEC filings. Musk has offered $54.20 per share — representing a 54% premium over the Jan. 28 closing price — to acquire the social media giant. Musk…
Europe-based digital asset exchange Nexo has launched a new product to complement its existing retail platform. Dubbed Nexo Prime, the new proprietary prime brokerage platform targets institutional investors, corporations, and high-net-worth individuals. According to Nexo, the Nexo Prime platform is designed to serve as a unified platform that provides investors with access to advanced tools…
Web3 and blockchain security firm CertiK has closed an “oversubscribed” $88 million Series B3 financing round led by Insight Partners, Tiger Global, and Advent International, according to an announcement shared with CryptoSlate today. Per the press release, the fresh inflow of funds, coupled with the revenue generated from CertiK’s KYC, Skynet, and Security Leaderboard services,…
Crypto is rapidly gaining in appeal among younger demographics, with 40% of 18 to 35 year old consumers expressing an intent to use cryptocurrencies — such as bitcoin (BTC), ether (ETH), and stablecoins — to pay for goods or services within the next 12 months, according to a new research report. The report, dubbed “Demystifying…
MicroStrategy’s spree of adding bitcoin to its balance sheet continues without rest. Announced in a tweet by the company CEO Michael Saylor, the IT-services company bought another 4,167 bitcoin (BTC). As reported by CryptoSlate on March 30, the purchase was expected after MicroStrategy announced the company had borrowed $205 million to buy more bitcoin. Aside…
Today, Nova Labs (formerly Helium Inc) announced $200M in Series D financing at a $1.2B valuation with investment from Tiger Global, a16z, Nokia, and Alexis Ohanian. Volvo, Cisco, and Accenture are now starting to utilize the Helium Network, causing a breakout year where the company became the fastest rollout of a wireless network in history….
Exxon Mobil uses excess natural gas to mine Bitcoin from oil wells in North Dakota. The waste gas would usually have to be burnt off in a process known as flaring. However, it is being repurposed to mine crypto using shipping containers filled with Bitcoin miners. Exxon has partnered with Crusoe Energy, a company backed…
In 2021 it became clear that the cryptocurrency industry will not be able to avoid regulation. To some extent, the supervisory authorities of almost all leading countries have paid attention to the developing market. The legal status of cryptocurrencies varies significantly in different jurisdictions. While certain states are waging fierce wars with cryptocurrencies and tightening…
Did an institution just invest $1.17 billion in bitcoin (BTC)? It sure looks so judging by three crypto transactions moving massive amounts of BTC from a wallet held by Coinbase Pro, to an anonymous bitcoin wallet. The three transactions were detected by the popular crypto tracking service Whale Alert and announced in a series of…
Valued at $23 billion, DraftKings, a digital sports entertainment and gaming company, today joins the Polygon ecosystem as a validator and node operator, marking this the first time a major publicly-traded firm has taken an active role in blockchain governance. Polygon validators are responsible for verifying the authenticity and validity of transactions on the network…