Wed, January 15

Korean Fintech Announces $380 Million Investment in Web3 Initiatives

10,000 new web3 jobs will be created as part of the company’s $380 million investment. According to the notification, local university graduates would be given precedence. Dunamu, an asset management, and fintech company plans to invest $380 million to generate over 10,000 new web3 jobs. Dunamu is a well-known South

July 13, 2022 1 min read

Investment Firm Multicoin Capital Launches $430M Venture Fund

In April this year, Multicoin led an $18 million Series A round of funding for Hivemapper. Solana-based Web3 initiatives have been a primary focus of Multicoin’s investment. Known for its support of various Web3 and DeFi initiatives, Multicoin Capital has unveiled a new $430 million venture fund. Solana-based Web3 initiatives

July 12, 2022 2 mins read

Iranian Power House Warns of Stringent Action on Illegal Crypto Mining

Fines for illicit mining actions have been raised by 400 percent. First-time offenders would be denied access to subsidized energy for three months. Iran’s Tavanir power distribution company has implemented a new set of stringent procedures to combat illegal crypto mining. Fines for illicit actions have been raised by 400

July 11, 2022 2 mins read

FSB Reveals Strong Crypto Regulations Underway Amid Recent Crisis

Update comes after a series of high-profile crypto lending firm closures. FSB plans to provide reports in October this year. To ensure “robust regulation and supervision” of cryptocurrencies, the Financial Stability Board (FSB) announced today. According to the G20 Treasury and Central Bank leaders’ group, they plan to provide a

July 11, 2022 2 mins read

MT. Gox’s Bitcoin Facing Huge Dump After Shinzo Abe’s Death

Bitcoin traded at $20,458 with a trading volume of $26 billion. Mt. Gox sold 25,000 Bitcoins in 2018 for around $260 million. MT. Gox, a Tokyo-based cryptocurrency exchange ranked as the most significant Bitcoin exchange in the world before it lost 850,000 BTC in 2014. Now it has transferred 150,000

July 11, 2022 1 min read

Bitcoin (BTC) Prices Expected To Touch $10K as per New Survey

40%, on the other hand, anticipate that Bitcoin will rise by 50% from here to $30k. 28% of the people surveyed strongly believed in cryptocurrency’s value. The world’s most popular cryptocurrency, Bitcoin (BTC), has held steady around the $20,500 mark during the last week. Recently, Bitcoin has been sending out

July 11, 2022 2 mins read

Social Media Sentiment Positive Indicating Bullish Momentum Ahead

Inflation figures for June will be released by the US Labor Department this week. Economists predict that the CPI would rise by 1.1% every month. As of Monday, on-data analysis provider, Santiment tweeted that the degree of optimism among social media users is at its greatest since November’s initial decline

July 11, 2022 2 mins read

Grayscale Investments Unveiled Revised Portfolio For 2022 Q2

CoinDesk’s Large Cap Select Index methodology is used to rebalance its funds. Ethereum, Bitcoin’s longtime adversary, comes in second place with 25.22 percent. Grayscale Investments, the world’s biggest digital currency asset manager, has released its newest funds for the second quarter of 2022. All of the group’s products and services

July 10, 2022 2 mins read

Bitcoin Purchase Accounting to 52K BTC Over Last Month Reported

At the current BTC/USD conversion rate, this amount is worth $1,135,160,000. According to CMC, the Bitcoin price today is $21,839.86 USD. Owners of wallets containing between 10 and 100 Bitcoins have been aggressively purchasing the most popular digital currency during the last month, according to a tweet from Santiment, an

July 10, 2022 2 mins read

Russa’s Sberbank Completes First DFA Transaction Valued $16M

Atomyze was the first Russian firm to be granted a trading permit. The government has sent mixed messages on the legality of cryptocurrencies. SberFactoring, a subsidiary of Russia’s largest bank Sberbank, conducted its first DFA transaction, valued at around 1 billion rubles ($16 million), only a few months after Sberbank

July 9, 2022 2 mins read
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