The profits from Bitcoin this year are sliding beneath customary resources as digital forms of money battle to paw background lost in a defeat in May. The biggest token tumbled practically 6% at one point in Asian exchanges Tuesday and was at a fourteen day low of about $33,000 as of 1:07 p.m. in Hong Kong. The more extensive Bloomberg […]

Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors. The company plans to use the fund to popularize ownership in games through playable nonfungible tokens (NFTs). The funding round was led by WestCap Group. Other participants include 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures and […]

The Australian Securities and Investments Commission (ASIC) announced on Friday the extension of temporary relief for all foreign financial service providers (FFSPs) that will allow them to operate in the country without an Australian Financial Services (AFS) license. The relief has been extended for 12 months, ending on March 31, 2023. The financial market regulator is expecting that the Australian […]

Singapore Exchange (SGX) today reported its market statistics for May 2021. The exchange saw a jump in the total foreign exchange volume as the contracts reached the mark of 2 million last month. According to a press release shared with Finance Magnates, USD/CNH Futures climbed 20% (y-o-y) to 869,101 contracts in May 2021. In April 2021, SGX saw a jump […]

Bitcoin cash price is struggling to recover above $650 against the US Dollar, similar to bitcoin. BCH/USD remains at a risk of more downsides below $550. Bitcoin Cash Price Analysis After facing hurdles near $750, bitcoin cash price started a fresh decline. BCH broke the $650 support level and the 55 simple moving average (4-hours) to move into a bearish […]

Multi-trillion dollar asset manager, State Street Corporation, has become the latest financial institution to announce the launch of a dedicated digital finance division. State Street, the second-oldest continually operating bank in the United States, announced the move on Thursday, June 10, highlighting the division’s focus on cryptocurrency, blockchain technology, central bank digital currencies (CBDCs), and tokenization. ”The financial industry is […]

Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami.  While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various satellite events, yacht parties, and […]

The community behind Guild of Guardians, an NFT-based role-playing game, appears to be enthusiastic about the forthcoming title after they snatched up nearly all of the NFTs that were part of the so-called founder’s sale.  Since going live earlier this week, Guild of Guardians’ NFT sale has raised over $3 million, the company announced Wednesday. The title raised $2 million […]

As if MicroStrategy did not already own a ton of bitcoin, the software firm with stock shares trading for nearly $500 at the time of writing has announced it is looking to sell approximately $400 million worth of company debt so it can purchase more BTC units. MicroStrategy Is Looking to Buy More BTC At press time, the company owns […]