Both Coinsquare and CoinSmart rival WonderFi, a Kevin O’Leary-backed crypto company, made several acquisitions around this time. The transaction involved Coinsquare paying CoinSmart $3 million in cash and issuing 5.2 million Coinsquare shares to CoinSmart. On the completion of the acquisition, CoinSmart will hold approximately 12% of the issued and outstanding Coinsquare shares. As part of the deal, CoinSmart co-founders Justin Hartzman, Jeremy Koven, and Michael Koral, among other employees, will also be joining Coinsquare. Coinsquare Backs Out, Says it not Worth the High CostLess than four months after the deal, Coinsquare wanted to back out of that deal which CoinSmart said came as a surprise, according to a January 9 press release from CoinSmart.
Rishi Sunak has won the Conservative Party’s leadership race and thus is set to become the UK’s Prime Minister and put an end to a political crisis that has affected the domestic economy to the point of recession. UK’s former finance minister, Rishi Sunak, is set to take the role of the country’s Prime Minister following the resignation of Liz Truss, who announced her departure last Thursday. The circumstances have paved the way for an incredible comeback of Rishi Sunak, who has found himself as the next UK leader. Is This an Opportunity for Bitcoin to Flourish as the UK Economy Struggles to Stay Afloat? Last week, retail sales and business confidence data suggested a gloomy picture for the UK economy, which is closer to recession.3 months ago Securities.io
With digital ownership being the core concept behind NFTs, it makes sense for digital trading card games (TCGs) to integrate them. The game’s mechanics and setting drew inspiration from role-playing games, fantasy literature, and traditional card games. Many other collectible card games were also developed and released after Magic’s success. In a digital variant, players do not own the digital cards they collect in the same way as physical cards. This way, digital trading card games are perfect for NFT integration.15 hours ago Securities.io
Canadian-based regulated financial services platform, WealthSimple, now offers crypto staking. Put simply, staking is a way to earn percentage-rate cryptocurrency rewards by holding certain cryptocurrencies in a staking-compatible wallet or staking platform. Most of the popular cryptocurrency wallets including popular centralized exchanges like Binance and Coinbase support staking. WealthSimple is starting with Ethereum and Solana staking and probably will be adding more coins that support staking over time. At the moment, Ethereum staking on WealthSimple does not support “unstake” – this means that users cannot terminate an ETH staking contract, and any ETH staked will be locked indefinitely until after the Ethereum merge is complete.3 months ago Securities.io
Other alts like Cardano (ADA) and Solana (SOL) have also enjoyed trading in the green since the start of the week. Solana (SOL) clears $30 resistance but are its best days behind it? This heavy drawdown is a consequence of network downtimes that have seen buyers develop a disinclination towards Solana. Moreover, rival blockchains do not agonize similar troubles; therefore, he feels Solana falls short of being truly competitive in this market. Outage because of a duplicate validator issueExplaining the events later, Solana blockchain validator firm Laine Stakewiz identified that signs of trouble were first seen on Sept. 30.3 months ago Securities.io
CZ-led crypto exchange Binance has withdrawn its interests in acquiring rival exchange FTX, late Wednesday reports divulge. Binance CEO Changpeng Zhao shared in a Tuesday update that his exchange company had signed a non-binding letter of intent to purchase FTX pending due diligence. Employees of FTX and FTX Ventures, the exchange’s venture capital arm, reportedly found out about the takedown plans on social media. This bailout on the FTX deal has seen investor sentiment in crypto fall to the pits while the broader market has experienced overwhelming selling pressure from retailers. The exchange company has a massive hole in its finances between assets and liabilities, estimated to be north of $6 billion.2 months ago Securities.io
Dubbed Lazarus, Kimsuky, and BeagleBoyz, North Korean hackers employ ever-more-sophisticated tools to penetrate military, government, corporate, and defense-industry networks worldwide, conducting cyber espionage and exfiltrating classified data in order to assist in the development of North Korean weapons. North Korean hacker groups have been linked to several large-scale crypto breaches this year — including the $100 million Harmony attack. The agency also warned that North Korean cyberattacks would intensify next year: “It is necessary to analyze attacks as closely as defenses. While the North Korean government has denied involvement in such activities, the evidence suggests that the hackers operate with the regime’s blessing. Given this continued threat posed by North Korean hackers, businesses and individuals should remain vigilant and take steps to protect their digital assets.1 month ago Securities.io