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Is Gaming a Good Use Case for Blockchain?
Adding digital assets and NFTs to an already huge and complex industry has the potential to create even more complications. Here’s what you need to know.
Marshall Wace Makes Hire to Focus on Blockchain Investments
Marshall Wace is building out a team that invests in private blockchain-related companies, hiring William Benattar for its crossover investment fund, according to people familiar with the matter.
Mideast Asset Manager Investcorp Seeks Cash for Blockchain Fund
Investcorp Holdings, the biggest alternative asset manager in the Middle East, started raising money for a new fund aimed at taking stakes in startups developing blockchain technology.
Central Banks Can Save DeFi, as Weird as That Sounds
The financial metaverse would be better served by truly stable currencies but the powers-that-be need to join in.
Coinbase Eyes Challenge to Western Union With Crypto Remittances
Coinbase Global Inc., the biggest U.S. cryptocurrency exchange, is wading into the international money-transfer business, seeking to tap into a huge market dominated by firms like Western Union Co.
McLaren Racing Ends Sponsorship Deal With Bitci.com Crypto Group
McLaren Racing has terminated its relationship with Bitci.com, the Turkish-based crypto group, after less than a year.
Crypto Is Like a ‘Ponzi’ Scheme, India’s Central Bank Warns
In a strong warning to Prime Minister Narendra Modi’s government, a top official at India’s central bank reiterated concerns over cryptocurrency trading, likening the virtual coins to Ponzi schemes.
Pakistan Says Risks From Cryptocurrencies Outweigh Its Benefits
Pakistan’s central bank said that risks posed by cryptocurrencies outweigh its benefits, doubling down on its earlier message to stay away from investments in digital currencies.
BlockFi’s Plans to Register with SEC Augurs New Era for Crypto
Crypto proponents have argued for years that regulators shouldn’t apply decades-old rules to the burgeoning asset class. But in a move with sweeping implications for the industry, at least one prominent company is now planning to register its offerings wit...
Hackers Snagged $36 Million in Crypto in Breach of IRA Financial
A hack at IRA Financial Trust, which offers self-directed retirement accounts, resulted in the theft of $36 million in cryptocurrency, according to a person familiar with the investigation.
Big Bitcoin Miners Aren't Immune to the Need for Cash
A pair of big Bitcoin miners are poised to sell their stock in the face of a drop in token prices that has led other miners to trade in some their Bitcoin holdings.
SEC Warns Investors About Risks From High-Yield Crypto Accounts
The U.S. Securities and Exchange Commission is warning investors about risks associated with accounts that pay clients high interest rates for depositing crypto assets.
Financial Ads Are Stars in First-Ever Crypto Super Bowl
Cryptocurrency exchanges and other financial services companies were stars amid a Super Bowl ad blitz that featured the return of many longtime sponsors and an overall more upbeat mood than last year.
Andreessen’s Dixon Spies Riches in Web3. Others See ‘Rubbish’
The venture capitalist and other backers of the blockchain-based future of the internet view web3 as a game changer. But will anyone want to play?
Crypto Lender BlockFi to Pay $100 Million In Settlement with SEC, States
BlockFi Inc. is poised to pay $100 million to settle allegations from the Securities and Exchange Commission and state regulators that it illegally offered a product that pays customers high interest rates to lend out their digital tokens, according to peo...
Coinbase Resumes Trading Feature After Vulnerability Warning
Coinbase Global Inc., the largest U.S. cryptocurrency exchange, resumed operations of a recently launched advanced trading feature that was halted earlier when an unverified Twitter user warned of a possible vulnerability.
The Market Is Finally Putting a Realistic Price on Carbon
This surge should be seen as a success. Politicians need to resist the populist impulse to intervene and drag down prices.
Jamaican Digital Currency Coming in 2022, PM Holness Says
(Bloomberg) -- Jamaica’s Prime Minister said the country is on track to launch its own e-currency this year, as the island joins the ranks of those embracing digital fiat.
Binance to Invest $200 Million in News Publisher Forbes
Binance Holdings Ltd., parent of the world’s largest cryptocurrency exchange, is making a strategic investment of $200 million into the more than 100 year-old news publisher Forbes.
Hackers Nabbed $1.3 Billion in Ransom Over 2 Years, a New Report Says
Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cybercrime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc.
A Deep Dive Into Crypto's Cure for the Texas Power Grid
Yes, it could raise electricity demand and encourage extra solar and wind power, but there are other ways to do that.
FTX Chief Reminds Congress That 95% of Crypto Volume Is Offshore
(Bloomberg) -- Sam Bankman-Fried, the chief executive officer and co-founder of cryptocurrency exchange FTX, said 95% of crypto trading volume occurs offshore and urged for greater regulatory clarity to attract businesses to the U.S.
Goldman-Backed Battery Maker Says Bitcoin Mine a Waste of Energy
(Bloomberg) -- Battery startup Northvolt AB says Sweden should stop wasting state-funded green energy on a local Bitcoin mine, in a sign that competition for access to the country’s renewable power supplies is heating up.
IMF Chief Sees No Universal Central-Bank Digital Money Case
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Zambia Explores Digital Currency, But Warns Against Crypto
Zambia’s central bank expects to complete research on forming a digital currency that could cut transaction costs and boost participation in the formal financial system by the fourth quarter.
Bitfinex Cryptocurrency Linked to 2016 Hack Surges 59% After Fund Recovery
The cryptocurrency known as Unus Sed Leo, which was issued in part to recapitalize the Bitfinex exchange following a 2016 hack, surged more than 50% after the U.S. announced that most of the stolen funds were recovered.
Singapore Crypto Investment Jumped to a Record in 2021, KPMG Says
Investment in the cryptocurrency and blockchain sector in Singapore jumped more than 10 times last year to a record, according to a report, cementing the city-state’s status as a crypto hub even as it remains wary of speculative digital assets.
Crypto Intermediaries Need More Regulation, Treasury’s Liang Says
(Bloomberg) -- Treasury Undersecretary for Domestic Finance Nellie Liang is set to underscore the need to oversee stablecoin issuers, regulate all crypto intermediaries and address potential risks posed by increased leverage against digital assets when she...
Sequoia-Led Group Buys Polygon’s Crypto Token for $450 Million
(Bloomberg) -- Polygon, the operator of an eponymous protocol used by developers to make Ethereum transactions quicker and cheaper, raised $450 million by selling its Matic crypto token to investors led by Sequoia Capital India.
U.K. Fintech Investment Surges 617% to Top £27 Billion Last Year
British fintech firms attracted $37.3 billion of investment last year, up from $5.2 billion in 2020, bolstered by the completion of London Stock Exchange Group Plc’s purchase of Refinitiv and surging valuations across the industry.
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