Classification of the ownership tokens as a financial instrument would imply licensees and money laundering supervision, according to regulator Bafin Source
No NFTs Are Securities – Yet, German Finance Officials Say
Day: March 8, 2023
Cathie Wood’s Ark Invest Purchases More Robinhood & Coinbase Shares
Investment management powerhouse Ark Invest has added more Robinhood and Coinbase stock to its holdings amid tame tech developments. According to reports, Ark Invest recently shored up on more Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) stock. The Florida-based investment management firm purchased $9.97 million worth of HOOD stock and $3.44 million in COIN yesterday. The purchase also translated to 1.06 million Robinhood shares acquired, with 47,568 Coinbase shares added to the flagship Ark Innovation ETF. In addition, Ark’s COIN purchase saw another 8,031 shares added to its Ark Next Generation Internet ETF. Coinbase’s shares closed…
Canadian Crypto Miner Pow.re Lands 100 MW Contract in Paraguay
Paraguay, in the center of South America, has abundant, cheap hydroelectricity from one of the largest dams in the world, Itaipu, which it shares with Brazil. However, as crypto miners have flocked to the country in search of cheap power, conflict with ANDE has been brewing. The utility claims the industry is taking advantage of the resource without greatly contributing to the local economy. Another key issue is the absence of infrastructure to make the electricity available for use. Source
15 influential women entrepreneurs in Web3
Web3, the next generation of the internet, is an exciting new space creating opportunities for entrepreneurs across various industries. While the field is still somewhat male-dominated, several influential women entrepreneurs are significantly impacting the Web3 space. Here are fifteen influential women entrepreneurs in Web3 to celebrate this International Women’s Day — along with their contributions and achievements. Nicole Muniz Nicole Muniz is an entrepreneur and CEO of Yuga Labs, the creator of the popular Bored Ape Yacht Club nonfungible token (NFT) collection. She has a background in advertising and marketing,…
Binance Extends Market Share for Fourth Consecutive Month
The exchange continues to dominate, despite facing increased regulatory scrutiny, a report by CryptoCompare shows. Source
Jack Dorsey’s Block Unveils Plans for Its DIY Bitcoin Mining Development Kit
The MDK would be useful for integrating Bitcoin mining into multiple use cases such as heating solutions, off-grid mining, home mining, or intermittent power applications Jack Dorsey‘s Block Inc. has been o a mission to democratize the Bitcoin mining industry and reduce the barrier to entry for new individuals joining the space. On Tuesday, March 7, Block Inc. announced that it’s planning to build a ‘Mining Development Kit,’ or MDK for users. With its do-it-yourself kit, Block Inc. is hopeful to spur innovation in the Bitcoin mining hardware. Back in…
Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month
Bitcoin (BTC) exchange Coinbase has remained a firm “buy” for ARK Invest throughout its recent price drop. The latest data shows ARK continuing to buy COIN shares despite bankruptcy concerns over Silvergate bank, a major Coinbase partner. ARK ETF keeps topping up on Coinbase stock In the latest demonstration of its fearless approach to the crypto space, ARK purchased another 47,568 shares of Coinbase on March 7. These join the around 6 million shares already held in ARK’s ARKK exchange-traded fund (ETF) at the start of the month, and are…
Hexa Raises $20.5 Million to Take Real Objects to the Metaverse – Metaverse Bitcoin News
Hexa, a 3D modeling company, has raised $20.5 million in its latest funding round to facilitate the task of bringing products into the metaverse. This new injection will ostensibly allow the company to expand its current workforce involved in engineering and business tasks, to improve the workflow of the company. Hexa Raises $20.5 Million in Series A Funding Round Hexa, a 3D modeling company, has announced the results of its Series A funding round, raising raised $20.5 million. The round, which saw the participation of Point72 Ventures, Samurai Incubate, Sarona…
WeChat Incorporates Digital Yuan Payment Functionality to Bolster Appeal
Chinese super app WeChat is the second multipurpose social media platform in the country, after Alipay, to integrate digital yuan payments. WeChat has integrated the digital yuan into its platform to facilitate faster and more seamless user payments. The move by the leading Chinese social networking and payment app also serves to broaden the appeal of e-CNY. WeChat is the second local payment platform to support the digital yuan after Alipay. According to Kandong researcher Hu Hao: “As the two mobile payment giants [in China], WeChat Pay and Alipay are…
Federal Judge Gives Voyager Digital Approval to Conclude Billion-Dollar Deal with Binance.US
The regulatory body raised concerns that there is no proof that the transaction complies with US Securities law. A federal bankruptcy judge in the US, Michael Wiles, has given Voyager Digital the go-ahead with its modified restructuring plans, which include Binance.US buying its assets. The crypto exchange emerged as the highest bidder for Voyager’s asset in December, with the deal valued at $1.022 billion. While Binance was to make a $10 million deposit, it was also supposed to offer up to $15 million to Voyager for certain expenses. However, the…