Day: May 7, 2025

Vivek Ramaswamy’s Strive to establish Bitcoin treasury company in merger with Asset Entities, eyes $1B raise

admin

Key Takeaways Asset Entities and Strive Asset Management are merging to establish a public Bitcoin treasury company. The new entity will allow Bitcoin holders to exchange assets for public stock tax-free. Share this article Asset Entities, a technology firm specializing in social media marketing and content delivery across platforms, announced today it has entered into a definitive merger agreement with Strive Asset Management, backed by Vivek Ramaswamy, to create a public Bitcoin treasury Company. The combined entity, operating under the Strive brand and retaining its Nasdaq listing, will focus on…

SocialFi has failed to take off — Here’s what needs to change

admin

Opinion by: Anurag Arjun, co-founder of Avail  On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta. And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at…

Safeheron introduces open-source Intel SGX TEE framework for Web3 security

admin

Safeheron, a digital asset infrastructure provider based in Singapore, has introduced an open-source Trusted Execution Environment (TEE) framework. This solution could bolster security and privacy for Web3 in sectors like decentralized finance (DeFi), payment services, and decentralized autonomous organizations. The TEE framework is the first built upon the native Intel SGX SDK and developed using modern C++, a general-purpose object-oriented programming language often used for operating systems, game development, and high-powered computing. Safeheron decided to open-source the framework because the company had seen growing concerns across the industry about closed,…

Visa invests in stablecoin payment platform BVNK amid pro-crypto push

admin

Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation. According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership. The company’s CEO, Jesse Hemson-Struthers, wrote: “I’m particularly excited about what it means to partner with Visa—the original payments innovator. Their deep…

Gloria AI unveils beta and token to power its agent-native news ecosystem

admin

Key Takeaways Gloria AI launched the $GLORIA token on Virtuals Genesis with over 660% pool oversubscription. The platform uses AI to deliver curated, real-time data through customizable feeds. Share this article Gloria AI, a new AI-native news infrastructure project, launched its $GLORIA token Wednesday on Virtuals Genesis, the new fair-launch platform from Virtuals Protocol. The token launch coincides with the platform’s public beta rollout, opening access to Gloria’s programmable news feeds for developers, trading teams, and AI agents. Gloria’s debut attracted strong demand from the Virtuals community. The early access…

Blockchain ‘Baddies’ on how to bring more women into crypto

admin

In an industry filled with complexity, jargon and mistrust, women in Web3 say that the way to attract more women into the crypto space starts with clarity, education and community.  At the Blockchain Baddies side event during Token2049 in Dubai, women shared personal experiences of entering the Web3 world and why they believe more female participation is essential for the future of crypto. In interviews with Cointelegraph, community members said the path forward begins with simplifying technical concepts and fostering environments where women can learn and grow. Women in Web3…

Crypto miner deserts Pennsylvania site, fails to plug wells: Report

admin

Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in 2022 after sitting dormant for nearly a decade when Diversified began using it to fuel on-site generators powering cryptocurrency mining computers, according to a report by the Erie Times-News. Per the report, the operation was launched without obtaining an air quality permit from the Pennsylvania Department of Environmental Protection (DEP). Though the company was later granted…

Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

admin

Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, the CEO of the Gibraltar-based private bank Xapo Bank.  In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the executive said the mood among investors shifted from short-term speculation to a more long-term outlook.  “I’m not sure that confidence would have been there three or four years ago,” Rocca told Cointelegraph. “But today, people are…

HIVE sees Paraguay as a long-term partner for its stability and low-cost energy

admin

Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market. In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. Picking up from where Bitfarms left off Hive acquired Bitfarms’ 200 megawatt (MW) Yguazú…