Klaytn token down 15% in a month, but network's TVL shows resilience

Klaytn token down 15% in a month, but network’s TVL shows resilience

Klaytn (KLAY) had a promising start in March 2021, reaching an impressive $11 billion market capitalization following its debut. However, investors have exaggerated their expectations as the token’s current total value stands at $3 billion, down roughly 70%. KLAY/USD on Binance. Source: TradingView Although not as well known as the leading smart contract blockchains, Klaytn…

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Shivom Announces Rebrand to HLTH.network to Build Global Tokenized Healthcare Ecosystem

Shivom Announces Rebrand to HLTH.network to Build Global Tokenized Healthcare Ecosystem

LONDON, UK / ACCESSWIRE / August 26, 2021 / Shivom rebrands as the HLTH.network to become the base layer protocol for global health data and expand its product line. Founded by renowned scientists such as Harvard Professor George Church, Shivom, a project that developed the world’s first blockchain-powered genomics marketplace, announced today that it would…

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KardiaChain Sets Course for Global Expansion with KyoKai Technology and Comprehensive 2024 Roadmap

KardiaChain Sets Course for Global Expansion with KyoKai Technology and Comprehensive 2024 Roadmap

Location, December 13, 2023 – KardiaChain, a trailblazer in the blockchain technology sector, today announced a strategic pivot in its mass adoption trajectory with the comprehensive integration of its KyoKai solution. Since its inception, KyoKai has been meticulously tested and implemented in Vietnam, beginning with a single project and eventually expanding to Da Nang, one…

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AsicJungle Takes Center Stage as Title Sponsor of Mining Disrupt 2023, Driving the Future of Blockchain and Bitcoin Mining

Miami, June 27, 2023 — AsicJungle, a global leader in providing hardware and hosting solutions for Bitcoin miners, has been announced as a title sponsor of Mining Disrupt 2023, the preeminent event in the blockchain and mining technology domain. This sponsorship underlines AsicJungle’s commitment to catalyzing innovation and fostering collaboration within the blockchain community. Mining…

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Kine Protocol Migrates Cross-Chain Derivatives Trading Platform to Polygon

DUBAI, UAE / ACCESSWIRE / August 31, 2021 / Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the ethereum platform, today announces that Kine Protocol, a decentralized protocol that establishes general-purpose liquidity pools backed by a customizable portfolio of digital assets, will launch its cross-chain derivatives trading platform on Polygon. Polygon’s high-speed and low-gas infrastructure…

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The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network's assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments. https://twitter.com/CelsiusNetwork/status/1661807582099505190?t=X-nq5KM0tN8Xd83LQIIhkg&s=19 About the Celsius Acquisition As per legal records, the acquisition of Celsius Network, which had gone bankrupt, has been won by The Fahrenheit Consortium. After being acquired by the Fahrenheit Consortium, Celsius Network is set to be managed by a new entity called NewCo, which will be owned by its creditors. The group, consisting of Arrington Capital and US Bitcoin Corp, will provide the financing, management team, and technology needed to create and operate NewCo. https://twitter.com/CelsiansNetwork/status/1661741113160630272?t=7lGZ3olS6iTGVPvPObF7Cg&s=19 In addition, Celcius has disclosed that they have also secured a secondary proposal from the Blockchain Recovery Investment Consortium (BRIC) which will act as a backup plan and be implemented if needed. NovaWulf, the competing bidder, was unsuccessful in securing the purchase. Significance of this Acquisition After the crypto market crash, Celsius declared bankruptcy in July. Despite this setback, the company had previously secured $1.2 billion through a token sale in 2018 and had a valuation of $3.1 billion during a funding round in April 2021. Luckily, the Fahrenheit Consortium has taken over Celsius, which is anticipated to furnish the required resources for the company's ongoing operation and service expansion. The consortium has committed to investing as much as $500 million in Celsius's assets, which will supply the essential capital for the company's business development. It is also anticipated that BRIC will establish a mining corporation that will be publicly traded, granting Celsius creditors full proprietorship of the equity concerns. Moreover, there is a possibility of a management contract with GlobalXDigital. Celsius aims to discuss and present several crucial papers in the following weeks, subject to endorsement from the bankruptcy court.

Fahrenheit Consortium Emerges Victorious in Auction for Celsius’s Assets

The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network’s assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments….

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Singapore seizes $115M in assets from Cambodian Prince Group founder Chen Zhi

International Crackdown Intensifies Singapore has joined a growing international effort targeting Chen Zhi, the founder and chairman of Cambodia-based conglomerate Prince Holding Group. The Singaporean police revealed on October 31 that they had launched an enforcement operation against Chen and his associates the previous day, resulting in the seizure of assets valued at more than…

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CryptoUnit Project: An Investor’s Worse Nightmare

The crypto house continues to supply a fertile floor for the proliferation of various fraudulent schemes. Since laws on this digital house will be difficult and time-consuming to execute, Ponzi-schemes like Crypto Unit continues to exist. Little doubt, first rate corporations offering real providers on the blockchain with out contravening the foundations abound. However there’s…

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