Web3 firms are spending up to $25M on HK crypto licenses: Report

According to a June 27 report by local news outlet Foresight News, Web3 firms in Hong Kong are spending anywhere between 20 million and 200 million Hong Kong dollars ($2.55 million and $25.5 million) for the acquisition of a Virtual Asset Service Provider (VASP) licenses. Sources explained: “Since traditional financial institutions have no relevant prior infrastructure, and have gone from […]

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The Blockchain Games Making Their Mark on 2023

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe. Blockchain gaming has been a key driver in the growth of the cryptocurrency industry […]

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Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again?

Data shows bearish sentiment has spiked among Bitcoin holders, something that could actually work in the favor of the asset’s price. Social Media Users Have Turned Bearish On Bitcoin As explained by the analytics firm Santiment, traders have come into the new week expecting the price of the cryptocurrency to retrace towards the $27,000 to $29,000 range. The relevant indicator […]

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ETHBTC Hit A 300-Day Low

While crypto traders have been emboldened by Bitcoin’s impressive rally, especially in light of the SEC’s recent lawsuits against major crypto exchanges Binance and Coinbase, one key trading pair has nevertheless suffered as a result. Ethereum/Bitcoin (ETHBTC), the widely watched trading pair which combines the crypto market’s number two coin with its number one coin by market cap, just closed […]

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Google says its next AI ‘Gemini’ will be more powerful than ChatGPT

Google’s artificial intelligence (AI) subsidiary DeepMind said the company’s forthcoming AI system will be “more capable” than OpenAI’s ChatGPT.  According to a report from Wired, Demis Hassabis, the CEO of DeepMind, says the company’s Gemini AI is a large language model (LLM) that utilizes text similar to ChatGPT’s processes but will be equipped with new capabilities like planning or problem-solving. […]

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Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million. The rigs, which were sourced from mining manufacturer MicroBT, will boost the firm’s self-mining capacity by 7.6 exahashes per second (EH/s) and comes “in advance” of Bitcoin’s next halving cycle, which is set to […]

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$27 trillion AUM is perched over Bitcoin and crypto: CoinShares CSO

There is at least $27 trillion of assets managed by major U.S. financial institutions that are also “actively” seeking to provide clients with exposure to Bitcoin (BTC) and crypto.  On June 26, CoinShares chief strategy officer Meltem Demirors highlighted at least eight major financial institutions that have signaled moves in the digital assets space, including BlackRock’s spot Bitcoin ETF filing […]

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Ethereum Price Analysis: ETH Eyes More Gains Above $1,920

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Ethereum price is moving higher above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,850 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $1,840 on the 4-hours chart (data […]

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