Coinbase Becomes First Cryptocurrency Company in Fortune 500 List, Bags 437th Position

Coinbase has made it to the prestigious list of the Fortune 500 companies. This is the first time that a crypto-related firm has made the cut to this annual listing. As per Fortune, Coinbase’s revenue of $7,839 million (roughly Rs. 60,728 crore) and market value of $41,670 million (roughly Rs. 1,64,808 crore), as of March,…

Bitcoin Holds on to $30,000 Territory While Ether, Altcoins Continue to Feel the Heat of Bearish Investors

The largest cryptocurrency was up slightly around the $30,000 (roughly Rs. 23.5 lakh) mark and about midway in the two-thousand-dollar range that it’s occupied for almost two weeks since the crash of the UST stablecoin. Other major cryptos meanwhile failed to change course as investors gripped tightly to their risk-averse bearishness.Read More

Bitcoin Not Practical as Payment Mode, Says British Central Bank Governor Andrew Bailey

Andrew Bailey, the 63-year-old governor of the Bank of England (BoE) has dismissed Bitcoin as an everyday payment alternative. According to Bailey, Bitcoin can serve as a commodity to be owned, but not as a mode of making daily payments. The BoE chief made his statements while speaking on the Jobs of the Future podcast…

Indian Blockchain E-Sports Firm ‘STAN’ Raises $2.5 Million in Funding from OpenSea, Coinbase Super Angels

Bengaluru city-based blockchain startup called ‘STAN’ has garnered $2.5 million (roughly Rs. 20 crore) in a seed funding round. US’ General Catalyst investment firm led the round and was joined by other venture capital firms including Better Capital and Eximius Ventures. Super angel investors like Aadil Mamujee from OpenSea and Nakul Gupta from Coinbase also…