Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’
Several altcoins managed to escape the Bitcoin Tesla FUD. Go to Source Powered by WPeMatico
DIGIT
US SEC Has Brought 75 Enforcement Actions on Crypto Industry
The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants, and 43 were litigated in U.S. district courts. 75 Crypto Enforcement Actions … Read more
NFT game developer Animoca Brands completes capital raise at $1B valuation
NFT game developer Animoca Brands is claiming the status of crypto’s latest unicorn after raising almost $89 million at a $1 billion valuation. Go to Source Powered by WPeMatico
SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’
SoftBank’s Masayoshi Son compares the popularity of Bitcoin to diamonds and bonds, but he still remains unsure about it. Go to Source Powered by WPeMatico
Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Sotheby’s crypto-powered auction sells Banksy art for $13M
Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million. Go to Source Powered by WPeMatico
Funding Roundup: Fresh Capital Aims to Advance Blockchain Product and Service Capabilities
Beyond expanding the reach of blockchains’ functionality, projects are striving to improve upon existing technologies with their capital injections to build a more safe, secure, and seamless user experience that will drive the next generation of products and services. Moma Protocol Receives $2.25 Million to Pursue Infinite Liquidity As the number of different decentralized finance … Read more
3 reasons why Bitcoin doesn’t care about Elon Musk
Tempers are running hot in the latest round of Bitcoin FUD, but a longer-term perspective reveals “business as usual” for BTC. Go to Source Powered by WPeMatico
Diem parters with Silvergate bank to launch stablecoin in the US
Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate. Go to Source Powered by WPeMatico
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in the diaspora to send money home.” Effects … Read more
