A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying crypto projects to emerging markets in areas such as Latam. Old Fashion Research Launches $100 Million Fund Some companies are still putting funds into cryptocurrency projects, and are optimistic about the future of the industry even with the…
Day: May 31, 2022
Bitcoin bubble or long-term investment? | The Business
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Digital disruptor Nick Abrahams believes the future is bright and digital assets will become mainstream investments within years. Subscribe: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook:…
India cooperates with IMF on crypto consultation paper
The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could bring the country of 14 billion people closer to the international regulatory consensus on digital assets. On Monday, May 30, during an event hosted by the Ministry of Labour and Employment, Economic Affairs Secretary Ajay Seth revealed that his department is finishing the work on the consultation paper, which would define the nation’s stance on crypto. The document was…
UK Government Proposes Stablecoin Safeguards After Terra Collapse
The U.K. government has published a consultation paper that proposes a series of safeguards to protect investors against the risk of stablecoins. Source
Philippines to explore blockchain use cases, launches training program
The Philippine government has started its exploration of blockchain technology use cases, launching a training program for researchers in the government’s Department of Science and Technology (DOST). Enrico Paringit, a DOST official, reportedly said that the goal of the training is to see how blockchain can play a role in areas like healthcare, financial support and emergency aid. Apart from these, Paringit noted that the department is also taking a look at how blockchain can be used in the issuance of passports and visas, trademark registration and in government records.…
Fidelity Digital Assets Plans to Double Headcount This Year: Report
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Vybe Pre-Launches a Social Media Mining App – Press release Bitcoin News
press release PRESS RELEASE. Miami, Florida. – Vybe, LLC announced today that they are building an app that lets people mine their social media for cryptocurrency. “What if you earned crypto for every like you earned on social media?” Vybe Business Development Manager Blake Marum said, “That’s what Vybe does. It connects your content creator sites to a cryptocurrency wallet and automatically deposits VYBE into your wallet for every like you get on social media.” VYBE is a token, or Algorand Standard Asset (ASA), on the Algorand blockchain. It operates…
Tron Accelerates To 3rd Spot As Biggest Blockchain In Terms Of TVL
Tron takes off by 44% and ranks as the third-largest blockchain based on TVL. Tron, Tronix, or TRX is designed to beat Bitcoin and Ethereum on their tracks with faster, cheaper, and smarter transactions. Tron doesn’t have a maximum supply, unlike Bitcoin, which means it has eliminated the scarcity element, making it eclipse the “king of crypto.” Despite its downturn in 2021, many investors have remained bullish on Tron. TRX’s current TVL is now at $5.9 billion, a figure it reached in just a month. The only two blockchains ahead…
Cryptocurrency Market: China Ban Forces Some Bitcoin Miners To Flee Overseas, Others sell Out
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io China’s sweeping ban on cryptocurrency mining paralyses an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan. #Crypto #China #CryptoBan SUBSCRIBE to our YouTube channel for more great videos: Follow us on Twitter: Like us on Facebook: For more great content go to Download our mobile app for iPad, iPhone, and Android at or go to the store ▶ Coinbase Website: Coinbase.com ▶ CEX Website:…
Morgan Stanley Says Record Crypto Venture Capital Investment to Slow
Plentiful U.S. dollar liquidity and rising crypto prices fueled record VC investment in the sector last year, with more than 1,800 deals, the note said. This represented an increase of 160% above the average of the previous years. Investment in crypto was 7% of all venture capital investment globally, it added. Source