Day: January 17, 2023

Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week – Market Updates Bitcoin News

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The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a few digital currencies have outperformed a number of the top ten coins in terms of gains this year. Top Cryptocurrency Performers of the Week: Decentraland’s MANA, Frax Share, and FTT Lead the Way Digital currency…

Africa Web3 games publisher Carry1st raises $27M

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Mobile games publisher Carry1st has closed a $27 million funding round to advance its publishing and digital content creation platform in Africa — a region its backers say is ripe for Web3 adoption. The $27 million funding round was led by Bitkraft Ventures, with additional participation from Andreessen Horowitz, also known as a16z. TTV Capital, Konvoy, Alumni Ventures, Lateral Capital and Kepple Ventures also participated in the funding round. The latest deal came a year after Carry1st secured $20 million in funding supported by a16z and Google parent company Alphabet.…

10 practices crypto can borrow from TradFi to better protect customers

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Crypto pioneers and decentralized finance companies often talk about their commitment to opening up financial opportunities to underserved populations, but that’s only half the battle in achieving success for this fledgling industry. Global consumers must be confident that the funds they invest with crypto companies are safe, secure and accessible for withdrawal when desired. While traditional finance companies may not offer all the new and unique opportunities and potential of DeFi, what they do enjoy is a long history and established methods for protecting consumers’ investments — and maintaining their…

Hong Kong investment fund raises $500M to push mass adoption in Web3

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Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space. On Jan. 17, Hong Kong-based global asset manager HashKey Capital announced the closing of a $500 million investment round for its FinTech Investment Fund III. According to the company, Fund III will be used to invest in infrastructure, toolings and applications that will help push the mass adoption of blockchain and crypto technologies. Speaking with Cointelegraph, Xiao Xiao, investment director at HashKey Capital, said the synergies in the Web3…

Morgan Stanley Posts Q4 2022 Report, Receives Huge Boost from Wealth Management Revenue

New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results. Morgan Stanley (NYSE: MS) recently posted its Q4 2022 earnings report, surpassing consensus estimates. The New York-based banking giant received a significant boost in its latest quarterly bottom line from record wealth management revenue. For Q4 2022, Morgan Stanley reported a revenue haul of $12.75 billion compared to the $12.64 billion Wall Street analysts expected. In addition, the leading bank’s earnings per share (EPS) for the period ended December 31st came in at $1.31 after…

HashKey Capital Raises $500M for 3rd Crypto Fund

Launched in 2018, HashKey Capital manages over $1 billion in assets. Portfolio companies include blockchain firm Cosmos, layer 2 network Aztec, blockchain-infrastructure firm Blockdaemon and gaming and crypto venture firm Animoca Brands. HashKey operates in Hong Kong and Singapore, with a presence in the U.S. and Japan. Source

Here’s Why $22.4k Could Be Next Level To Break For Bitcoin

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As Bitcoin continues its strong rally, $22,400 could be the level to watch next, if this on-chain metric is anything to go by. Bitcoin Long-Term Holder Realized Price Is Currently Around $22,400 According to the latest weekly report from Glassnode, BTC broke through all three realized prices of the market back in April 2019. To understand the concept of “realized price,” the realized cap needs to be looked at first. The realized cap is a capitalization model for BTC that values each coin in circulation at the price it was…

How to resurrect the ‘Metaverse dream’ in 2023 – Cointelegraph Magazine

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2022 was the year the wheels fell off the metaverse bandwagon, which had been the most hyped narrative as the year began. By far the worst-performing sector in blockchain, the average drawdown was 89%. Even Facebook’s grand plans to dominate the metaverse are in disarray; it’s losing more than $1 billion a month, while the flagship “Horizon Worlds” attracts fewer than 200,000 users per month. But amid all the gloom, there are still miles of runway left from unprecedented fundraising and signs from The Sandbox, play-to-earn games and niche metaverse…