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Hidden Road Partners, Backed by Citadel, Aims for $120M in Series B

Cryptonite UAE

The Citadel Securities-backed prime brokerage Hidden Road Partners intends to seek $120 million in its Series B investment round with the goal of reaching a $1 billion market valuation. As per a Bloomberg story, the premier brokerage firm funded by Citadel Securities is aiming to broaden its range of services in the cryptocurrency and foreign … Read more

An executive claims that Google will invest over $100 billion in AI

Cryptonite UAE

Google’s chief AI officer announced on Monday that the business will invest more than $100 billion in developing AI technology, after his comparison of the billions of dollars invested in AI development to the frenzy around cryptocurrencies. During a TED conference in Vancouver on Monday, Demis Hassabis, the CEO of Google DeepMind, answered questions regarding … Read more

Puffer Finance, an Ethereum liquid staking technology, raises $18 million in Series A funding

Cryptonite UAE

To deploy its mainnet, Puffer Finance, a liquid staking business based on the Ethereum restaking technology Eigenlayer, has raised $18 million in a Series A fundraising round. The statement dated April 16 states that Brevan Howard Digital and Electric Capital led the round, with significant contributions from additional angel investors as well as Coinbase Ventures, … Read more

As cryptocurrency mining companies fail, over $100 million is lost by Australian investors

Cryptonite UAE

ASIC, the Australian Securities and Investments Commission, has filed a civil lawsuit against the NGS firms and Brett Mendham, Ryan Brown, and Mark Ten Caten, the directors of those companies. After NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd (collectively, the “NGS companies”), three cryptocurrency mining companies, collapsed, hundreds of Australian … Read more

A Crypto Analyst, renowned for predicting the market bottom in 2018, anticipates that the price of Solana ($SOL) will ascend further

Cryptonite UAE

A well-known cryptocurrency analyst, recognized for accurately forecasting the cryptocurrency market bottom during the 2018 bear market, has recently stated their belief that the price of the smart contract platform Solana ($SOL) will increase further. Via a post on the microblogging platform X (formerly Twitter), the pseudonymous analyst Bluntz Capital, with over 250,000 followers, revisited … Read more

Amidst Cardano’s “dunking,” Charles Hoskinson highlights two significant enhancements

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After a BitBoy video claimed that ADA was gone, the co-founder of Cardano is once again fighting false information. In the wake of a wave of criticism directed towards Cardano’s native token and ecosystem, co-founder Charles Hoskinson has his sights set on two significant enhancements for the Cardano network, at least one of which is … Read more

DogWifHat Price Forecast: Can WIF Pass DogWifHat as It Retreats From $4 Billion Market Cap?

Cryptonite UAE

The price of Dogwifhat (WIF), which reached a $4 billion market cap last month, is now drastically declining. According to CoinMarketCap, the price of Dogwifhat was last at $3.51, down almost 4% in the previous day.With a market worth of almost $3.5 billion, the Solana joke coin is now valued at less than 25% of … Read more

After experiencing Legal Setbacks, Binance forms its first-ever Board of Directors

Cryptonite UAE

The appointment of a board of directors by Binance, the biggest cryptocurrency exchange in the world based on trading volume, is a big move in the right direction for the company’s operations.  This action follows the exchange’s guilty plea to US charges last year about sanctions violations and anti-money laundering (AML) offenses. The First Board … Read more

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