Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest funding round were...
Advertisement     According to CEO Brad Garlinghouse, Ripple, based in San Francisco, is ready to move overseas if it loses the regulatory court battle with the U.S. Securities and Exchange Commission. Speaking to Axios media house at the Collision conference in Toronto, Garlinghouse said his company could...
The Bank for International Settlements, which is an international financial organisation of 63 central banks of the world, has warned that the risks of decentralised digital currency are already becoming apparent. It said in an annual report that since November 2021, the entire value of the cryptocurrency industry has fallen...
As cryptocurrencies reel under the global downturn, Chinese state-run newspaper Economic Daily has warned investors that the price of leading cryptocurrency Bitcoin is “heading to zero”. The warning came as the cryptocurrency market continued to face meltdown with Bitcoin hovering around $21,000 per digital...
The last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes after the industry hit all-time highs across the board last November,...
Electricity costs are soaring, putting pressure on profits for companies involved in energy-intensive bitcoin mining. Some publicly-listed crypto miners have sold their bitcoin at a deep discount to cover rising costs. Companies with bitcoin-backed loans are at risk of collapse, and individual miners will be squeezed out, analysts said. Loading...
It’s a vicious circle long familiar to those in traditional finance: trades made with borrowed money coming apart when the value of their collateral put up against the loans drops, forcing liquidations that in turn push prices down further. That pattern, driven by so-called margin calls, has come to cryptocurrency...
Crypto fears now materialising, central bank body BIS says Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body for central banks, sounded the warning in an upcoming annual report,...
Coin Stories podcast host Natalie Brunell provides insight on investing in Bitcoin cryptocurrency on ‘Making Money with Charles Payne.’ Crypto billionaire Sam Bankman -Fried has become a lender of last resort to his beleaguered industry. He may end up owning large chunks of it as well. Mr. Bankman-Fried’s crypto exchange,...
Matrixport Group today announced the appointment of Anthony DeMartino as its US CEO as part of its ongoing international growth strategy. Matrixport’s expansion into the US demonstrates its firm commitment to better serve its clients and further develop the digital asset management industry. Mr. Anthony DeMartino, a financial industry veteran...
