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Binance Acquires Cryptocurrency Wallet Provider, Vows to Make More Deals

Mergers and acquisitions (M&A) are a common theme within the capital markets industry and as the cryptocurrency ecosystem matures, M&A announcements are expected to follow the same trend.The news today is that Binance, one of the world’s largest virtual currency operators, has acquired cryptocurrency wallet provider Trust Wallet in an effort to give control back […]

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Thomson Reuters Partners With CryptoCompare to Track 50 Crypto Assets

Canadian mass media and information company Thomson Reuters has announced a crypto asset data partnership with cryptocurrency tracking resource CryptoCompare, according to a July 31 press release. As the press release explains, CryptoCompare will now provide order book and trade data on 50 cryptocurrencies for Reuters’ financial desktop platform Eikon, which is aimed at institutional […]

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Litecoin Creator Charlie Lee to Advise HTC Crypto-Friendly Smartphone Development Team

Charlie Lee announced HTC’s new blockchain-compatible smartphone will have native support for Litecoin and Lightning Network, adding that he was joining the HTC Exodus development team as an advisor. Initially Lee tweeted the news on July 29 with HTC confirming the announcement Monday, saying the team was “honored” to get Litecoin creator onboard. Met the […]

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Commonwealth Bank of Australia Ships 17 Tons of Almonds to Europe With Blockchain

The Commonwealth Bank of Australia (CBA) has announced the completion of a successful trade using its new blockchain platform, according to its July 30 press release. In a collaborative effort involving five domestic and international “supply chain leaders,” the bank used blockchain to track a shipment of 17 tons of almonds from Melbourne to Hamburg, […]

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How Olaf Carlson Wee’s Fund Transformed $4 Million to $1 Billion in Crypto

While you may not have heard of him, Olaf Carlson-Wee has joined the ranks as one of the foremost crypto entrepreneurs, managing a $1 billion crypto-centric investment fund.From Lumberjack To “Crypto OG”Olaf Carlson-Wee’s passion for cryptocurrencies started at a young age, as the now 28-year-old wrote his college thesis on Bitcoin. While his professors were skeptical […]

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Vancouver Bitcoin Mining Firm Installs 85 MW Substation to Power Massive Expansion Plans

Advertisement Vancouver-based DMG Blockchain Solutions Inc. recently announced that it had begun the installation of its 85-megawatt (MW) capacity substation, which will power the expansion of its crypto mining facility. The new 85-megawatt capacity transformer and electric substation will be connected to the utility power grid when completed, and it will help expand its product […]