Sony Group, the Japanese multinational conglomerate, will enter the cryptocurrency trading services business through its newly revamped S.BLOX subsidiary. The company, previously known as Amber Group, operated a cryptocurrency exchange called “Whalefin,” which will be renewed with the release of a new app, new functions, and support for more cryptocurrency assets. Sonny Group to Dabble […] Source
Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange platform in its home country. Blockchain reported Colin Wu says that Sony Group has purchased Amber Japan, the Japanese subsidiary of the digital asset firm Amber Group. “Singapore market maker Amber Group acquired Japan’s regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-to-equity transaction with Fenbushi. Amber Group investors…
“Crypto’s round-the-clock and global nature means Kraken needs a constant supply of energy, particularly as we facilitate a larger proportion of global trading volumes,” Patankar said. Due to the 24/7 demands of running a cryptocurrency business and expected mass adoption of crypto over time, Kraken is looking at how it can scale its business in terms of energy supply and latency. Source
Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner for Chelsea’s men’s team. Fans worldwide will now see the Bingx logo on the team’s training apparel for […] Source
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen. This transaction […] Source
FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See…
Cryptocurrency exchange BingX has announced an expansion of its partnership with Chelsea Football Club. Starting from the 2024/25 Premier League season, BingX will transition from sleeve sponsor to official training wear partner for the men’s team. BingX Upgrades Chelsea Partnership, Becomes Official Training Wear Sponsor The expanded partnership builds on BingX’s initial collaboration with Chelsea earlier this year when it became the club’s official sleeve partner. The current upgrade will increase BingX’s visibility in sports arenas, aligning the crypto brand with a recognizable name in the world of football. “We…
Hidden Road, a global credit network for institutions trading digital assets, announced it has added several exchanges to its prime brokerage platform. The company also expanded the use of BlackRock’s BUIDL token, accepting it as collateral across its network. New Exchanges Join Hidden Road In a press release today (Monday), Hidden Road stated that it is now integrated with Coinbase International Exchange, following a tie-up with Coinbase Exchange in 2022. Other new integrations include OKX, Deribit, Bitfinex, Bullish, AsiaNext, and SIX Digital Exchange. Michael Higgins, Hidden Road’s Global Head of…
According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be […] Source
Investment giant VanEck is seeking approval for a spot Solana (SOL) exchange-traded fund (ETF), according to a new filing with the U.S. Securities and Exchange Commission (SEC). The company submitted an S-1 registration statement to the securities regulator on Thursday related to the SOL ETF, which would be called the VanEck Solana Trust. VanEck, who is the first company in the United States to file for an SOL ETF, says it would be listed on the Cboe BZX Exchange if ultimately approved by the SEC. After the filing, Solana’s price…