Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund,…
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The largest outside-Ripple shareholder believes that the XRP-related firm will go public shortly after settling its lawsuit with the SEC. Major cryptocurrency company Ripple has not given up on its plans to go public despite its ongoing legal battle with United States regulators, according to SBI Group’s CEO. Yoshitaka Kitao, CEO of Japanese financial giant…
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The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group. Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced a new $300-million Series D funding round bringing Paxos’ valuation…
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Dubbed “Go-Opera,” the latest upgrade to Fantom introduces a range of technical changes. The token of smart contract platform Fantom, FTM, was subject to a 52% price increase leading into Thursday morning following the successful implementation of a new network upgrade. Dubbed “Go-Opera,” the latest upgrade to Fantom introduces a range of technical changes that,…
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Bitcoin’s electricity bill has been attracting the attention of regulators worldwide. Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday. The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the city’s data center operators asking…
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A member of Uranium Finance’s developer team said they suspect that the recent hack of the platform may have originated internally. They’ve urged affected users not to contact any other members of the Uranium Finance team. The $50 million exploit of Uranium Finance, a decentralized finance protocol on Binance Smart Chain, may have been an…
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With ETH charting new all-time highs, its cumulative market value has exceeded that of mined platinum. Ethereum (ETH) is approaching the top-30 most valuable assets in the world following its latest price breakthrough, offering further evidence that the developer network is in the midst of a powerful bull market. The ETH price peaked at $2,741.78…
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After a sharp relief rally, Bitcoin price encountered resistance near $55,000, leading to a short-term pullback in select altcoins. Bitcoin (BTC) has slowed down after its sharp relief rally over the past 48 hours, but Ether (ETH) is in no mood to rest as it continues to chase new all-time highs. The biggest altcoin by…
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Low fees and high yield opportunities briefly pushed QuickSwap price above the $1,000 mark as the Polygon-based layer-2 solution sees adoption from new blockchain projects. As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution…
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SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year. Japanese financial giant SBI Group more than doubled the total profit of its cryptocurrency business during the fiscal year that ended in March. On Wednesday, SBI released a report on the company’s financial results, disclosing that its pre-tax crypto-powered…
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