Robert Quartly-Janeiro is the Chief Strategy Officer of the Singapore-based Tier-1 cryptocurrency exchange Bitrue.__________ As I was flicking through the weekend supplement of a well-known financial newspaper, the number of luxury watch advertisements I had to bypass got me thinking: with so many high-end watchmakers out there, what makes their production rare — and, therefore,…
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Hong Kong-based digital asset firm HashKey Group aims to raise funds at a valuation of more than $1 billion. The company is in early-stage talks to raise $100 million to $200 million from potential investors, Bloomberg reported Friday, citing people familiar with the matter. The deal is reportedly in progress but details regarding the size and valuation…
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Backed by industry heavyweights; this new blockchain game aims to get a foothold in the competitive arena. Blockchain-based gaming has gained momentum in recent years as the novel sensation in the crypto universe, to the point where blockchain games accounted for half of all blockchain activity in early 2023. As the trend expands, new players…
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Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms. In a recent statement, Whampoa Group said it plans to set up the bank, which will provide banking services as well as the trading, custody, and asset management of digital tokens, by the…
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Decentralized finance (DeFi) protocols should be simplified for users if adoption is to grow, a survey from the team behind the Uniswap decentralized exchange (DEX) has suggested. In a report that summarized the survey results, Uniswap called DeFi an “objectively simpler, more accessible tech stack for financial markets.”… Read More: DeFi Needs to Be Simpler…
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The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets…
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Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption. Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the preeminent cryptocurrency. The co-founder of Casahodl,…
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Crypto-focused investment firm 10T Holdings is launching a new digital-asset startup investment fund seeking to raise $200 million from investors. The new venture, dubbed TenSquared Capital, or 10SQ, aims to back digital asset startups at various stages of growth, Bloomberg reported, citing people familiar with the matter. The firm already has two investments planned, including one…
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PayPal has disclosed that it holds nearly $1 billion in cryptocurrencies on its balance sheet, mainly consisting of BTC and ETH. In its latest quarterly financial performance report, the financial payments giant revealed that it holds $943 million worth of customer assets in bitcoin, ether, bitcoin cash, and litecoin, which marks an increase of $339 million…
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Gabriel Makhlouf, the Governor of the Central Bank of Ireland, has likened unbacked cryptocurrencies to a “Ponzi scheme” while noting that “crypto is not going away very soon.” In a Friday blog post, Makhlouf stated that Ireland’s Central Bank differentiates between ‘backed’ and ‘unbacked’ crypto. … Read More: Ireland’s Central Bank Governor Labels Unbacked Cryptos as…
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