Month: August 2023

FC Barcelona secures $132M investment for blockchain and NFT venture

Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. “Barça Vision is the Club’s initiative to integrate all digital content around Web3 and blockchain including nonfungible tokens (NFTs) and metaverse, which are part of the Club’s strategy to build the digital Espai Barça,” developers wrote.…

San Francisco’s SoFi Bank Reveals Significant Holdings In BTC, ETH, And DOGE

San Francisco’s SoFi Bank, a rising financial institution with 6.2 million customers, has unveiled its substantial cryptocurrency holdings, demonstrating a proactive embrace of the evolving digital asset landscape.  BTC, ETH, and DOGE Lead the Way A recent report shows that the bank’s second-quarter earnings totaled $170 million in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Among its cryptocurrency investments, SoFi Bank boasts $82 million worth of Bitcoin, solidifying its position in ‘digital gold.’ Ethereum follows closely, with $55 million, showcasing the bank’s belief in the blockchain’s potential. …

The AI chatbot race and Web3

boss

By now you must be aware of the AI market being on a steady rise and heralding global news headlines.  AI chatbots have been the powerhouses uplifting the global business spectrum. It is expected to reach a whopping $267 billion by 2027.  That’s not all — AI is expected to be a major contributor to the global economy, with estimates stating that it could add up to $15.7 trillion by 2030. About 37% of companies and organizations are already using it in some capacity. Even the top dogs are jumping…

Hong Kong securities regulator issues in-principle approval to HKVAX

Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws.  On Aug. 11, HKVAX announced that it had received an “approval-in-principle” from the SFC to carry out Type 1 and Type 7 regulated activities. The announcement highlighted that a Type 1 license allows the platform to operate a digital asset trading platform that deals with securities, while a Type 7 officially allows the company to provide automated trading services…

TradFi shifts perspectives on crypto assets

boss

Recently, Larry Fink, the CEO of BlackRock asset management fund, talked about crypto in an interview on CNBC. He said that crypto “has a differentiating value versus other asset classes, but more importantly, because it’s so international, it’s going to transcend any one currency.” BlackRock is now the world’s largest asset management fund, with over $9 trillion in assets. Fink himself was a crypto and Bitcoin skeptic as recently as 2017 when he was quoted as saying that Bitcoin was simply an “index for money laundering.” He was insinuating that…

5 things crypto must get right for mainstream adoption to happen

boss

Crypto functions much like traditional fiat money, offering an easy way to pay for goods and services and compensate workers for their labor. What’s even more promising is that crypto offers a number of benefits over fiat, with its decentralized nature eliminating the need for centralized intermediaries. Depending on the blockchain, transactions can be processed much more quickly than traditional payments are.  These added benefits have attracted the eye of a growing number of institutional figures and prominent politicians who acknowledge the economic advantages of crypto. In the last few…

NFT Collector – Cointelegraph Magazine

boss

Grails by PROOF Season IV Collecting art is historically not just about the art itself but who the artist is and the story behind the piece. The emergence of NFTs as a way to attribute provenance to digital objects has seen an explosion of interest in the past few years, even if that’s currently seeing something of a lull. The work of artists like Alotta Money, Josie Bellini, Trevor Jones, Coldie, Snowfro, Beeple, and collections such as Fidenzas and Ringers, show that digital art is here to stay, even as…

Bitcoin ETF could be approved today, analyst claims

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Eager anticipation builds in the crypto sector as a pivotal decision on the ARK 21Shares Bitcoin ETF approval is expected by Aug. 12. The crypto community awaits the next step in Bitcoin (BTC) exchange-traded fund (ETF) approval. It is expected to be unveiled on Aug. 11, according to Bloomberg Intelligence analyst and ETF expert James Seyffart. TIMELINE: I’ve had questions in DMs and mentions over the last few days. The next SEC deadline for #Bitcoin ETFs…

Global access to Web3: Understanding cultural differences

boss

While crypto was invented to provide an alternative to the traditional banking system, converting to and from fiat currency is still necessary in many cases. And depending on local regulations, the policy of your bank, and even different cultural standards, your experience can vary greatly. So, what is the path forward to improve this situation around the globe? Web3 adoption and regulatory backlash The origins of Web3 are rooted in the pursuit of freedom. Bitcoin has historical ties to the cypherpunk philosophy, which represents a movement to empower individuals in…