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Crypto Morning Briefing: Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

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Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

The federal bankruptcy court administering the case of BlockFi has green-lit the sale of nearly 6,400 mining rigs for $4.7 million to U.S. Farms & Mining Opportunity Fund, according to court documents filed on Friday.

ARK Invest Buys $18M Worth of Coinbase Shares As The Price Tumbles

In a recent development, Cathie Woods Ark Invest purchased 268,928 Coinbase (COIN) shares following the Wells notice from SEC.

Shiba Inu Lead Developer Admires As ShibaWings Plans To Expand Across Australia

SHIB Lead Developer Applauds Australia’s Crypto Diner, ShibaWings as It Plans to Expand Nationwide.

Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System

DeSo, the decentralized social media blockchain, has introduced a groundbreaking Proof-of-Stake (PoS) system, setting a new standard for the industry. This innovative technology promises to revolutionize and build upon the successes of previous Proof-of-Stake systems, providing greater energy efficiency and security while making its native currency, $DESO, deflationary.

Banking Crisis Fuels Bitcoin To Surpass Visa and JPMorgan in Market Capitalization

Bitcoin’s (BTC) recent surge in buying pressure has attracted a significant inflow of capital amidst the chaos in the banking system, giving the asset an upward momentum and elevating its rank higher among investment products.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $27,822.01 USD, dropped by 1.32% in the last 24 hours;

ETH’s live price is $1,761.79 USD, dropped by 2.74% in the last 24 hours;

BNB’s live price is $322.89 USD, dropped by 1.86% in the last 24 hours;

XRP's live price is $0.42 USD, dropped by 3.77% in the last 24 hours.

Fundraising News

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed round funding led by Animoca Ventures, with participation from Hailstone Ventures and various angel investors.

Bitcoin Bitcoin $98,733.35
+1.21%
BlockFi Ark Invest Coinbase Shiba Inu SHIB Australia Blockchain Banking Crisis Bitcoin Visa
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