Major exchanges remove KDA trading Bybit and OKX are both removing Kadena’s KDA token from their platforms following Tuesday’s announcement that the company behind the blockchain is ceasing operations. OKX has already suspended KDA deposits and will stop spot trading on October 26, with trading pairs removed by October 29. Customer withdrawals will remain available…
Major Acquisition in Crypto Space Coinbase has made another significant move in the cryptocurrency sector by acquiring investment platform Echo. The deal, valued at approximately $375 million, combines both cash and stock components. This acquisition represents one of the larger transactions in the crypto industry this year. What strikes me about this deal is the…
MrBeast Expands into Financial Services with Trademark Filing Social media personality James Stephen Donaldson, who most people know as MrBeast, has taken a significant step toward entering the cryptocurrency space. His parent company, Beast Holdings, filed a trademark application on Monday for “MrBeast Financial.” The filing outlines plans for a downloadable application that would provide…
What This Acquisition Means for Payments Lightspark has completed its acquisition of Striga, which I think could really change how payments work across Europe. This move gives Lightspark access to regulated financial infrastructure that they need to push forward with their vision of open payments using Bitcoin technology. It’s one of those deals that makes…
Robinhood’s Acquisition Strategy for Prediction Markets Robinhood is actively looking at potential acquisition targets to strengthen its position in the prediction markets space. The retail trading platform has been having discussions about partnerships and possible deals that could help it build out this part of its business. This move seems to align with Robinhood’s broader…
Compensation Following Market Turbulence Binance has completed a $283 million reimbursement to users affected by the recent market crash and token depegging incidents. The crypto exchange announced the compensation on Sunday, stating it covered users whose positions were liquidated while holding affected assets as collateral across Margin, Futures, and Loan products. The payout followed what…
Amazon Prime Gaming teams up with Mojo Melee, providing exciting benefits to subscribers and introducing blockchain gaming to a wider audience. Key Points Amazon Prime Gaming has announced its latest partnership with the NFT game, Mojo Melee. This collaboration brings exciting new opportunities for both Amazon Prime subscribers and Mojo Melee players. Mojo Melee is…
Gala Games teams up with Elixir Games Launcher to bring blockchain-based games to a wider audience, offering weekly gaming nights and enriching the gaming landscape. Key Points Gala Games, a prominent player in the Web3 gaming industry, has joined forces with Elixir Games Launcher, a well-known distribution platform. Their aim is to expand the reach…
The meme cryptocurrency BALD experiences an 87% price drop amid suspicions of a liquidity drain and alleged involvement of prominent crypto figures. Key Points BALD, the meme cryptocurrency, has experienced a significant drop of over 87% in the past 24 hours, causing its value to plummet to around $0.00616 during the early European market on…
Vera Molnár’s “Themes and Variations” NFT collection sells out at a Sotheby’s auction, raking in $1.2 million in just an hour. Key Points Vera Molnár’s NFT collection created a buzz in the art world as it sold out within an hour at a Sotheby’s auction, generating an impressive $1.2 million in sales. The collection, named…
