“I want to see us establish a regime, and this is within the FSMB (Financial Services and Markets Bill) for the wholesale use for payment purposes of stablecoins,” Griffith said, adding that the government is “a long way down the road with” the plan. Source
Although 2022 witnessed a major crash in crypto fundraises, it was still higher in comparison to 2018, 2019, and 2020. Market analysts expect VC investments in crypto to resume by the summer of 2023. The last year of 2022 was full of major collapses and bankruptcies in the crypto space which deeply impacted investor sentiment in the market. As per the latest development, crypto startup projects secured 42.5% less funding in 2022 in comparison to the previous year 2021. Crypto Startup Funding The year 2021 witnessed one of the biggest…
GALA was the top-gainer among the NFT rally that began last week and was last seen changing hands at $0.042. Following a rousing start to the year, there were double-digit gains over the past week among gaming and non-fungible token (NFT)-linked digital currencies. Notable tokens to experience an early 2023 rally include Gala (GALA), Apecoin (APE), Decentraland (MANA), and The Sandbox (SAND). According to data from CoinGecko, the general crypto market capitalization is up 6.7% to $884 billion since the turn of the year. So far, this momentum shows no…
Though Cardano (ADA) has been gaining traction for a while, the recent accumulated momentum has garnered active buys as data shows the rising accumulation of ADA. ADA’s movement to the upside since last December totaled 30%, as new whales have been reported to be holding at least 1 million ADA tokens in these past few weeks amid the mini bull run. Regardless of the bear market, Cardano has proved to be a token worth holding both with its utilities and the recent positive news that includes the rapidly growing DeFi…
As the world’s largest chip manufacturer, TSMC was positioned to bear the brunt of the slowing demands in general. Taiwanese multinational chip manufacturing giant Taiwan Semiconductor Mfg. Co. Ltd (NYSE: TSM) has reported an impressive sales record for the 2022 financial year. According to the recent release by the company, its consolidated sales for the past year came in at NT$2.26 trillion (US$75.23 billion), up 42.6% from the year-ago period. Per the results shared, the annual growth was fueled by its performance in the fourth quarter which rose by 2%…
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, have been under a microscope in an attempt to keep the behemoth in line. On Jan. 10, a tweet surfaced regarding the cryptocurrency exchange’s employee policy to prevent insider trading. It claimed Binance employees of any ranking are not allowed to participate in personal short-term trading and must hold positions for a minimum of 90 days. Cointelegraph reached out to Binance…
Ethereum mostly consolidated during Tuesday’s session, as prices continued to trade close to recent highs. Following a move to a three-week peak to start the week, markets maintained bullish sentiment, earlier in the day. Bitcoin also upheld recent momentum, with the coin remaining near its ceiling at $17,400. Bitcoin Bitcoin (BTC) continued to trade close to the $17,200 level in today’s session, as traders moved to secure Monday’s gains. Following a low of $17,162.99 to start the week, BTC/USD hit a high of $17,389.96 earlier in the day. However, earlier…
The details of the IPO have not been disclosed, but if Hesai proceeds with all the steps on time, it might be the first Chinese company to launch an IPO in the US this year. Hesai Technology, the Chinese leader in lidar technology for autonomous driving and ADAS, is planning to file for a US initial public offering (IPO) as early as next week. According to those familiar with the matter, the startup could raise about $150 million through the IPO. As reported by Bloomberg, such investment banks and financial services companies as…