Day: January 12, 2023

Abu Dhabi-based Venom Foundation and Iceberg Capital Unveils $1B Venom Ventures Fund for Web3

Venom Ventures Fund (VVF) has announced a $20 million funding investment in Nümi Metaverse, a universal platform for creators, innovators, and followers, as its first Web3 backing. Venom Foundation, an Abu Dhabi Global Market (ADGM) licensed Layer-1 blockchain has announced a strategic partnership with Iceberg Capital Limited, an ADGM-regulated investment manager, to unveil a $1 billion Web3 fund dubbed Venom Ventures Fund (VVF). According to the announcement, the Venom Ventures Fund (VVF) will invest in Web3 projects in early development stages including the seed round and Series A. As such,…

China Recognizes Digital Yuan in Cash Circulation Data

The update on the digital yuan in circulation was revealed by the People’s Bank of China (PBoC) in the 2022 Financial Statistics Report.   For the first time, China included the digital yuan while calculating the amount of currency in circulation in December. This is significant to the country and the early adopters of the central bank digital currency. History will also recognize China as one of the first countries to develop its central bank digital currency. The country also conducted pilot tests and trials toward the launch of its digital yuan.…

Ripple CTO Advises Selling FLR Tokens, Raises Allegations

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Ripple CTO David Schwartz voiced harsh criticism against the Flare Network in a series of tweets today. After more than two years following the snapshot for XRP holders, the project finally conducted its airdrop for the FLR token on Monday, January 9. As NewsBTC reported, the FLR token already experienced a massive dump of more than 71% on Bitrue in the run-up to the airdrop, where the token could already be traded as IOU. After that, things didn’t get much better and FLR dropped even further, totaling a loss of…

UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective – Finance Bitcoin News

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The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a digital version of the national currency, Economic Secretary to the Treasury Andrew Griffith told lawmakers, the BBC reported. A public consultation on the attributes of a digital pound would be launched in the coming weeks,…

Bitcoin jumps above $18,000 to highest level in a month

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Cemile Bingol | Digitalvision Vectors | Getty Images Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on an U.S. inflation cooldown and digest news that lawyers for defunct crypto exchange FTX found billions of dollars’ worth of assets, boosting hopes for its users. The world’s largest digital currency climbed above $18,000 for the first time since Dec. 14 late Wednesday, increasing in value by about 5% in the last 24 hours. Bitcoin was trading at $18,164.80 as of 02:30 ET Thursday morning, according…

Bitcoin mining ETF tops equity ETF market in new year’s performance charts

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Bitcoin (BTC) and other altcoins started the new year on a bullish note, with most cryptocurrencies surging to multi-month highs. Apart from the spot market, the equity exchange-traded fund (ETF) market is also dominated by BTC, wherein Valkyrie’s Bitcoin Miners ETF (WGMI) is the leading equity ETF market and is up by 40% year to date. The Bitcoin mining ETF is leading the traditional equity ETF market and the leveraged equity ETFs, which is considered a rare occurrence. Bloomberg senior ETF analyst Eric Balchunas pointed out that the Valkyrie Bitcoin mining ETF is…

Am I Still Bullish on Coinbase ($COIN)?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What a disaster COIN has been, am I still bullish? Signup for Coinbase and get a free $10 when you deposit your first $100: … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Play-to-earn falling out of favor after ‘massive shift in priority’ — BGA survey

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A new survey has found that the blockchain gaming industry is experiencing a “massive shift,” with the once-popular play-to-earn (P2E) model falling out of favor and focus shifting to improving gameplay experience.  The survey results were included in a newly released annual report from the Blockchain Game Alliance (BGA) on Jan. 12, conducted with 347 professionals representing 252 projects or companies in the blockchain sector. According to BGA, most respondents were young adult males working for blockchain gaming companies in middle and top management positions.  One of the trends from…