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Coinbase Ventures Invests More in Startups Outside the US, Especially in India, Singapore, Australia, and the UK
16.11.2023
Source: AdobeStock / photo_gonzo Coinbase Ventures has shifted focus to crypto startups outside the United States amid growing regulatory scrutiny in the country. Hoolie Tejwani, the director of corporate development and ventures at Coinbase, told Bloomberg in a recent interview that the company...
South Korean Traders Drive Recent Crypto Surge as Exchanges’ Market Share Jumps to 13%
16.11.2023
Source: Pixabay Traders in Asia, especially in South Korea, have emerged as key drivers behind the recent rally in crypto market over the past two months. Data compiled by CCData reveals a substantial increase in the market share of South Korean-based exchanges, reaching 12.9% in November compared...
ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies
16.11.2023
Image Source: Pixabay Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.” In a Wednesday press release, the company said its latest offerings, the AR1, AR2, and EliteAR ASIC miners, stand out...
Binance and Gulf Energy’s Joint Venture to Launch Crypto Exchange in Thailand
16.11.2023
Source: Pexels In a strategic collaboration, Binance Holdings Ltd. and Gulf Energy Development Pcl are set to launch a cryptocurrency exchange in Thailand early next year. This follows the acquisition of licenses from the Thai Securities and Exchange Commission, with Gulf Binance Co. obtaining...
South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles
16.11.2023
Source: Timon/Adobe The South Korean crypto exchange Bithumb has effectively confirmed reports that it is hoping to launch an initial public offering (IPO), but may be hampered by financial issues and ongoing legal problems. Per the South Korean media outlets Economist and Decenter, Bithumb wants...
South Korea’s National Pension Fund Bought $20 Million Coinbase Stocks in Q3 2023
16.11.2023
Source: Pexels The National Pension Service of South Korea has acquired approximately 26 billion won ($20 million) worth of Coinbase stocks (COIN). The National Pension Service is South Korea’s largest investment group and the third largest pension fund in the world. The investment group manages...
Kazakhstan’s NPC Officially Rolls Out State-backed CBDC in Partnership With Visa and Mastercard
15.11.2023
Source: Iliya Mitskavets/Adobe Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth. According to a local news outlet report on November 15, Binur Zhalenov, CEO of...
Bakkt Shifts Focus Back to Digital Asset Custody, Adds Support for Six New Coins
15.11.2023
Source: iStock Bakkt Holdings is refocusing on digital asset custody as its primary business, announcing support for six new coins in addition to Bitcoin and Ether. Bakkt has officially relaunched its Bakkt Custody platform, introducing several enhancements and expanding its supported tokens to...
Commerzbank Receives Crypto Custody License From German Regulators
15.11.2023
Source: Commerzbank Leading German bank Commerzbank has received a crypto custody license from government regulators. Making the announcement in a press release, Commerzbank stated that the crypto custody license now makes it the first full-service German bank to be approved for this particular...
CFX Labs Secures $9.5 Million Seed Round To Expand Solana-based Payment Network
15.11.2023
Source: Pixabay CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network. The US-based fintech firm said in a press release on Wednesday that the fundraising was oversubscribed, with Shima Capital, Decasonic, Antalpha, CMT Digital...
Bitcoin Prediction as Bulls Push Price Towards New Yearly Highs – Can BTC Hit $40,000 Soon?
15.11.2023
Bitcoin (BTC) Chart / Source: TradingView Bitcoin (BTC) is pumping on Wednesday, as mass liquidations of leveraged traders’ positions continue to drive large swings in the market. The BTC price was last trading around $37,700, up more than 6% on the day and around 7% versus Tuesday’s lows just...
Biggest Crypto Gainers Today on Uniswap – DOJO, KEKEC, FANZ
15.11.2023
Source: Uniswap After profit-taking liquidations of overly aggressive/greedy leveraged long positions saw major cryptocurrencies pull back aggressively from highs on Tuesday, the market is enjoying a strong recovery on Wednesday amid renewed dip buying. Bitcoin (BTC) dipped as low as $35,000...
Kevin O’Leary Says Binance Could Lose Half of its Customers to Abu Dhabi’s M2 Exchange
15.11.2023
Image Source: CNBC Shark Tank star Kevin O’Leary has predicted that Abu Dhabi’s M2 exchange could pose a significant threat to industry giants. According to O’Leary, M2 will emerge as the largest regulated crypto exchange globally as it is backed by substantial capital and...
GROK Meme Coin Plummets as Crypto Sleuth Exposes Scam Links
15.11.2023
Source: Adobe / Antonio Gravante A recently-created meme coin named GROK faced a dramatic crash, losing 74% of its value within moments after the well-known crypto sleuth ZachXBT exposed its links to a known scam. The GROK token is named after – and obviously attempting to capitalize on – Elon...
Court Rejects Class Certification Request Against Robinhood in GameStop Meme Case
15.11.2023
Source: Pixabay A US District Court for the Southern District of Florida has ceremoniously rejected the requests for class certification by investors who have taken legal action against the Robinhood platform. Making her decision known in a court document on November 13, Chief Judge Cecilia...
Web3 Firm Infura Recruits Microsoft, Tencent, and Others To Build Decentralized Infrastructure Network
15.11.2023
Source: Pixabay Microsoft, Tencent, and 16 other Web2 companies have partnered with blockchain software company Consensys, with the goal of decentralizing the Infura network. The Infura network is currently the key point of access to Ethereum for much of the DeFi industry. With this collaboration...
Manny Pacquiao Foundation to Use Shibarium For Fundraising and Operations
15.11.2023
Source: Pixabay Legendary boxer Manny Pacquiao’s philanthropic foundation is set to use the Shiba Inu ecosystem’s blockchain Shibarium for fundraising and operational activities. Shibarium developers told CoinDesk that the Manny Pacquiao Foundation, founded by eight-division World Boxing Champion...
Bank of America: CBDC Adoption Grows Globally, but Digital Dollar Not Imminent
15.11.2023
Source: iStock/E_Y_E The United States is working on a digital dollar but is unlikely to actually launch one anytime soon, according to Bank of America. In a Monday report, analysts led by Alkesh Shah said that central banks for 67% of countries are exploring central bank digital currencies...
Singapore’s Central Bank Expands Asset Tokenization Initiatives Under Project Guardian
15.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) is commencing a series of asset tokenization pilots in collaboration with financial services heavyweights. The central bank announced Wednesday that the initiative is an extension of the ambitious Project Guardian – involving...
Ledger and FVCKRENDER Launch Limited-Edition Nano X, More Collabs Coming
15.11.2023
Source: Ledger and FVCKRENDER Hardware wallet giant Ledger has joined hands with the popular tech-digital artist FVCKRENDER to launch a limited-edition bundle. The bundle, says the press release, “redefines the intersection of premium style and security in the realm of digital assets.” We made...