Former Binance executives launch $100 million venture fund

Multi-strategy blockchain investment fund Old Fashion Research (OFR) has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year. According to an announcement, Old Fashion Research is now coming out of stealth mode, in which it has been operating since its foundation in late 2021. Since that time, OFR put money in more than 50 companies in different markets, such as WOO Network, Genopets, Metaverse Magna, MetaDerby and ZetaChain. The fund was founded by Ling Zhang, the former…

We haven't sold any positions amid crypto collapse, says SkyBridge Capital's Anthony Scaramucci

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Anthony Scaramucci, managing partner at Skybridge Capital, joins ‘Closing Bell: Overtime’ to discuss his outlook on the $800 billion correction in cryptocurrencies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing…

Chinese Indexes Company Launches Hang Seng Metaverse Index – Metaverse Bitcoin News

A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng Family of Indexes, recently announced the Hang Seng China Metaverse Index launch. The new index tracks the performance of mainland Chinese companies involved in metaverse-related businesses. As explained in a statement released by the company,…

Bitcoin Sees Weakness at $29K as Traders Assess Fed Minutes

“A formal break of consolidation beyond the previous local extremes, which are located at $30,200 and $29,300, in a sharp move would trigger a wave of liquidation of positions,” Kuptsikevich said. Liquidations typically cause sudden movement of prices as traders cover their positions to protect against losses. Source

KyberSwap’s Trending Soon Feature Helps You Find Today the Tokens Everyone Will be Talking About Tomorrow – Sponsored Bitcoin News

sponsored Have you ever wanted to be able to see what crypto trends are about to emerge before everyone else? So check out KyberSwap’s Trending Soon feature for assistance. Read on to learn more! Find Out What Tokens Might Be Trending Soon KyberSwap is a leading multi-chain Decentralized Exchange (DEX) aggregator and one of the best places to trade and earn the most excellent rates in DeFi. As of March 2022, KyberSwap was the #7 DEX in terms of TVL growth and facilitated over US$8B of the trading volume. One…

Exchanges back ‘Terra 2.0 revival plan’ via airdrops, listing, buyback and burning

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.  In an announcement Thursday, Terra provided details about the airdrop of the new native token within its new blockchain dubbed Terra 2.0. The distribution of tokens will proceed on May 27, 2022 and holders of Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) who are eligible will receive new tokens. Crypto exchanges Binance and FTX…

SWIFT probably won’t exist in 5 years: Mastercard CEO

Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years’ time.  Miebach was speaking at a panel session on central bank digital currencies (CBDCs), as part of the Global Blockchain Business Council (GBBC)’s Blockchain Central Davos conference, which ran adjacent to the World Economic Forum 2022 in Davos, Switzerland. Kicking off GBBC’s #BlockchainCentral Davos session on CBDCs with @eva_szalay @FT @YuvalRooz @digitalassetcom @Jbrookslassiter @Digital_Dollar_ @MiebachMichael @Mastercard @BIS_org @DBTreat @Accenture pic.twitter.com/C2fvgy0Bij —…

SWIFT probably won’t exist in 5 years, says Mastercard CEO

Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years’ time.  Miebach was speaking at a panel session on central bank digital currencies (CBDCs), as part of the Global Blockchain Business Council (GBBC)’s Blockchain Central Davos conference, which ran adjacent to the World Economic Forum 2022 in Davos, Switzerland. Kicking off GBBC’s #BlockchainCentral Davos session on CBDCs with @eva_szalay @FT @YuvalRooz @digitalassetcom @Jbrookslassiter @Digital_Dollar_ @MiebachMichael @Mastercard @BIS_org @DBTreat @Accenture pic.twitter.com/C2fvgy0Bij —…

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