Binance is looking to diversify its business interests by acquiring companyโs outside the scope of cryptocurrency, according to a report from the Financial Times.ย โWe want to identify and invest in one or two targets in every economic sector and try to bring them into crypto,โ said Binance CEO Changpeng Zhao, affectionately known to his 5.3 million Twitter followers as โCZโ. Already holding the title of the worldโs largest crypto exchange, Binance is aiming to bring in companies from traditional markets in an attempt to further increase broad-scale crypto adoption…
Month: March 2022
Signs Point Upward for Crypto in India and South Korea; Bitcoin and Ether Soar on US Executive Order
Recently, bitcoin, the largest cryptocurrency by market capitalization, was trading at around $42,000, up about 3% over the past 24 hours. Ether, the second-largest crypto by market cap, was changing hands at about $2,700, a roughly 1.5% gain over the same period. Both bitcoin were up even higher earlier on Wednesday All other cryptos in the CryptoX top 20 by market cap were in the green, most of them significantly. CryptoX Portal
The State of Bitcoin Mining with Amanda Fabiano & Jaime Leverton
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io SHOW NOTES: In this interview, I talk to Amanda Fabiano, Head of Mining at Galaxy Digital and Jaime Leverton, CEO Hut 8 Mining. We discuss the current ASIC and mining markets, running operations in an uncertain industry during uncertain times, ESG FUD and the future of mining. THIS EPISODEโS SPONSORS: Gemini – BlockFi – Sportsbet.io – Casa – Exodus – Ledger – Compass Mining – 00:00:00 Introduction 00:07:57 ASIC markets 00:17:00 Mining company strategy 00:25:39 Mining and ESG 00:38:51 The future of…
Dogecoin Continues On A Downtrend Post A Mini Revival
The crypto market overall noted gains in the last 24 hours reversing certain effects of the recent bloodbath. Dogecoin on the other hand particularly saw some extreme choppiness over the past week or so. It is however too soon to say if the market is on its way to a solid recovery. Bitcoin was priced at $41k, as it recently toppled over the $40,000 mark marking a sharp increase by 8% over the past day.ย The price of the meme-coin nose-dived by 10% since the beginning of March, ever since…
GameFi Is a New Game for Southeast Asia Players
To participate in P2E games, players require access to in-game NFTs, which can often be beyond their financial reach. By lending NFTs to its community members, commonly known as scholars, YGG is financially appealing to players who want to use their gaming skills to bring home extra bacon. COVID-19, which left many players jobless, also supercharged the development of P2E games in Southeast Asia. Source
Enormous Hedge Funds Turn Their Eyes To Crypto. How Will It Affect The Market?
Are hedge funds ready to go all-in on cryptocurrencies? Probably not, but some of them are definitely dipping their toes in. The thing is, those toes are enormous. In the article โMainstream Hedge Funds Pour Billions of Dollars Into Crypto,โ the Wall Street Journal does a deep dive into the phenomenon. And we get a closer look into whoโs doing what and who isnโt there yet. According to Coinbaseโs numbers, โinstitutional investors as a whole traded $1.14 trillion of cryptocurrencies in 2021, up from $120 billion the year before, and…
Solana Poised For Triple Digits, Support Set At $80
Since reaching an all-time high of $259.90 on November 6, Solana has been declining. It has been following a declining resistance line throughout the decline, which was most recently validated on March 2. Solana Bulls May Push Price Above $100 So far, the price has dropped to $75.35 on February 2. The subsequent bounce confirmed the $73 area as support. This is a horizontal support area as well as the 0.786 Fib retracement support level. SOL is currently trading at a 66% decrease from its all-time high. Solanaโs price is…
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Crypto Industry Welcomes Biden’s Executive Order โ Expert Says ‘It’s About as Good as We Could Ask’ โ Regulation Bitcoin News
Many people in the crypto industry welcome President Joe Bidenโs executive order on crypto. A crypto regulatory expert says, โItโs about as good as we could ask.โ Another sees the order as the federal government viewing โcryptocurrency as a legitimate, serious, and important part of the economy and society.โ Crypto Community Welcomes Bidenโs Executive Order U.S. President Joe Biden signed an executive order (EO) Wednesday establishing a national policy for digital assets. The order is โthe first-ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital…
Softer-than-expected crypto regulation and stocksโ rebound position Bitcoin for a $42K close
Bitcoin (BTC) bulls jumped in to defend the $40,000 level after a devastating retest of the $38,000 support on March 7. The confidence and momentum that was building up earlier in the month was suddenly shattered after BTC failed to break $44,500 for the third time this month on March 2. The Bitcoin price rally on March 9 has been partially attributed to this weekโs expectedย United States inflation data report. Analysts expect another 40-year record high as the consumer price index (CPI) reaches 7.9% yearly gains. Furthermore, a statement from…