Major cryptocurrency investment firm CoinShares has debuted trading on Nasdaq Stockholm, the primary securities exchange of the Nordic countries. CoinShares officially announced on Dec. 19, the first day of trading on Nasdaq Stockholm’s main market, with CoinShares’ stock starting trading on the exchange under the ticker CS. The latest trading debut marks a change of listing venue for CoinShares’ stocks.…
According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 billion. After a review of strategic options, the firm said that Binance.US represented the “highest and best bid for its assets.” The $1.022 billion bid is comprised of the fair market value of Voyager’s cryptocurrency portfolio…
The arrest of European Parliamentarian and cryptocurrency proponent Eva Kaili has been labeled as a blow to the ecosystem by prominent blockchain industry participants. Kaili, one of 14 European Parliament vice presidents, was arrested and charged on Dec. 10 by Belgian prosecutors that are investigating allegations of corruption, money laundering and criminal organization involving Qatar and senior policy-makers in Europe.…
Binance’s American entity, Binance.US, has emerged “as the highest and best bid” for bankrupt Voyager’s assets. The total sum is roughly $1.022 billion, which includes the latter firm’s crypto portfolio (valued at an estimated $1.002 billion) and “additional consideration equal to $20 million in incremental value,” read the announcement. Today’s announcement has identified Binance.US as the winning bidder, but the…
Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key resistance level. Ethereum was below $1,200 on Monday. Bitcoin Bitcoin (BTC) started the week below $17,000, as prices continued to consolidate following a…
Daniel Alegre is the new CEO of Yuga Labs. His new gig was revealed this morning, less than 72 hours after it was announced that he was stepping down from his position as President and COO of Activision Blizzard. Luring Alegre over to the blockchain technology company company behind the Bored Ape Yacht Club, CryptoPunks and Otherside is quite a…
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse Development Plan Zhenjiang, a Chinese…
U.S. Senator Sherrod Brown has suggested that U.S. federal agencies, such as the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), should “maybe” consider a ban on cryptocurrencies. During an NBC “Meet the Press” session, he did also acknowledge, however, that this ban would be “very difficult” because the crypto industry could then go offshore. Referring to…
With the many possibilities opened by ChatGPT, executives within the Web3 space predicted how the artificial intelligence (AI) tool developed by OpenAI would make its impact on the industry. From using the bot for smart contract auditing to enhancing user interactions with AI, various executives gave their thoughts on how the new AI tool will have an impact on the…
Capitulation literally means concede. In the financial sphere, this term reflects a period of aggressive selling when the last of the bulls concede defeat to become bears themselves. What is crypto market capitulation? Suppose a cryptocurrency drops 30% overnight. An investor is left with two options: they can continue to hold or sell to realize the losses. There would be…
