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Ajuna offers a product suite that makes it possible for developers to use leading game development engines - Unreal and Unity - to create decentralized games, making it easier for both traditional developers and gamers to enter Web 3 gaming, according to a statement seen by CryptoX on Friday. The
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BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to
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Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations. Source
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The machines are owned owned by special purpose vehicles that aren't guaranteed by the parent company. Source
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The London Stock Exchange-listed cryptocurrency firm Argo Blockchain has warned that it’s at risk of ceasing operations due to a lack of financing.The crypto mining company Argo Blockchain continues to explore new financing opportunities after failing to raise major capital from a strategic investor, according to an announcement on Oct.
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Since the debut of Bitcoin, crypto systems have further complicated the relationship between public and private projects. Particularly since around 2018, venture capitalists have begun devoting money to companies that build on Bitcoin or Ethereum. But because of the nature of blockchain networks, the benefits of such investments haven’t accrued
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Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The
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Core has been raising cash by selling some of the bitcoins it has been mining. Last month, it sold 7,202 bitcoins at an average price of $23,000 to raise about $167 million. The miner said it intends to use the proceeds from the sales mainly for payments toward ASIC servers,
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As the industry matures, debt capital is preferred by investors, given its non-dilutive nature. Indeed, offering equity in the current market has often not been kind to the share price of miners. Most recently, shares of TeraWulf (WULF), which uses 100% clean energy to power its mining operations, tumbled about
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