cryptobriefing.com cryptobriefing.com

Gaming Veteran Atari Is Moving to Ethereum Layer 2

Layer 2 has a new arrival: Atari.  Atari Eyes Layer 2 The video game developer is teaming up with Polygon, a scaling solution that recently rebranded from Matic Network.  Frederic Chesnais, CEO of Atari, said of the update:  “We are thrilled to announce our partnership with Polygon, whose layer 2 solution will allow us to provide our users with the best possible experience when interacting with the Atari Token and our...

cryptobriefing.com cryptobriefing.com

Fidelity May Join Kraken’s New Funding Round, Exchange Valued at $10 Billion

Crypto exchange Kraken is reportedly eyeing a $10 billion valuation in a new round of funding. Back in 2019, the firm was valued at a modest $4 billion. Kraken Chases Coinbase in Funding Round The crypto exchange is reportedly in discussion with Fidelity, Tribe Capital, and General Atlantic to raise fresh capital. The San Francisco-based company’s valuation could surpass $10 billion depending on the demand. Despite the heady...

cryptobriefing.com cryptobriefing.com

Is the SEC Investigating Elon Musk’s Dogecoin Tweets?

Tesla CEO Elon Musk may be under investigation by the U.S. Securities and Exchange Commission over tweets in which he promoted Dogecoin to cryptocurrency investors. SEC Restricted Musk in 2019 Rumors of the investigation were initially reported on Twitter by First Squawk, an audio-based financial newswire. SEC IS SAID TO INVESTIGATE TESLA CHIEF EXECUTIVE MUSK FOR HIS TWEETS ON DOGECOIN: SOURCES FAMILIAR WITH THE MATTER #Dogecoins...

cryptobriefing.com cryptobriefing.com

Mt. Gox Victim Issues Legal Threat Against Craig Wright

Controversial crypto figure Craig Wright is faced with a legal threat, one that arises from his claim of ownership over a Bitcoin address connected to a 2011 exchange hack. Brewster Asks Wright to Pay Victims Danny Brewster, a victim of the Mt. Gox exchange hack, has sent a legal notice to Craig Wright. The filing insists that Wright owes the address’ balance to Brewster and other victims of the hack. That demand is the result of...

cryptobriefing.com cryptobriefing.com

Coinbase Discloses Revenue, Bitcoin Holdings in Latest SEC Filling

Coinbase has filed its public S-1 registration form for direct listing of the company’s stock on NASDAQ under the ticker symbol “COIN.” All Eyes on Coinbase IPO In December, Coinbase filed an IPO application that sought U.S. regulators’ review. On Feb. 25, the company filed the public application with details of its business operations, balance sheet, and crypto holdings before more than half a million shares go out for...

cryptobriefing.com cryptobriefing.com

Barcelona Striker Antoine Greizmann, Reddit Cofounder Join $50 Million Sorare Raise

Sorare has raised $50 million in their Series A funding round. They are working with Benchmark, an early-stage venture capital firm. Sorare Adds to Expansion Efforts The Sorare Series A round was led by Benchmark, Accel, and other celebrities. Benchmark is a San Francisco-based Venture Capital (VC) firm that has previously funded technology giants like Twitter, Uber, Snapchat, and more. Accel is a Palo Alto-based VC firm that has...

cryptobriefing.com cryptobriefing.com

Rare Beeple Donald Trump NFT Sells for Record-Breaking $6.6 Million

A one-of-a-kind Beeple piece has sold for $6.6 million. It’s now the most expensive NFT ever created.  Beeple Breaks His Own Record A unique NFT by Beeple fetched $6.6 million on the secondary market yesterday. “CROSSROAD” was first sold in a Nifty Gateway sale in November 2020. The piece is themed on the 2020 U.S. presidential election—the listing featured two different pieces called “Biden win,” and “Trump win.”...

cryptobriefing.com cryptobriefing.com

JP Morgan Experiments With Blockchain Payments in Outer Space

JP Morgan successfully tested a blockchain transfer between satellites as a part of its Internet of Things (IoT) program for automated payments. JP Morgan Goes Galactic The bank’s research and development team is exploring the idea of outer space payments with the ongoing development of the Mars habitation program.  Tyrone Lobban, head of JPMorgan’s blockchain launch team, told the media:  “…thinking about what a space...

cryptobriefing.com cryptobriefing.com

U.S. Federal Reserve Services Restored After Outage

The U.S. Federal Reserve’s payments system has been restored to operation after a three-hour outage, according to status reports from the government body’s website. Services Experienced Three-Hour Outage On Feb. 24, several Federal Reserve services went down, including Account Services, Check 21, Check Adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities,...

cryptobriefing.com cryptobriefing.com

Opera Browser Partners With Simplex for Fiat On-Ramp

Popular web browser Opera has partnered with fiat-to-crypto onramp solution provider Simplex. Opera Users Can Buy Crypto Within Browser With the partnership, Opera users will be able to buy cryptocurrencies using fiat options and store them in the browser’s wallet. Since it was launched in 2014, Simplex has worked with crypto exchanges, wallet providers, and financial institutions for fiat-crypto onramps. A licensed EU financial...