Industry News
Nayib Bukele’s Bitcoin brains, do you want some?
Nayib Bukele, the charismatic President of El Salvador, has made headlines around the world for his groundbreaking approach to incorporating Bitcoin into his country’s economic framework. Known for his strategic and innovative mindset, Bukele has positioned Bitcoin as a tool for financial inclusion and reducing remittance fees for Salvadorans. This bold move made El Salvador…
Star Wars Battlefront: Classic Collection Launches Amidst Criticism
The highly anticipated release of Aspyr Media’s Star Wars Battlefront: Classic Collection has left fans and critics alike disillusioned. The much-anticipated remasters of the classic Battlefront games have been met with a barrage of technical issues and subpar performance, leading to an outpouring of disappointment among players. In this article, we delve into the launch…
Bitdeer analyst coverage initiated with a buy rating and a $13 price target
Analyst Initiates Coverage of Bitdeer Technologies Group with a Buy Rating: Reasons for Optimism Benchmark analyst Mark Palmer has recently taken the initiative to cover Bitdeer Technologies Group, a leading Bitcoin mining company. In an analyst note dated March 14, Palmer expressed optimism towards the firm by assigning it a buy rating and setting a…
JPMorgan raises price target for coinbase amid Ethereum optimism
In a noteworthy turn of events, JPMorgan, the largest banking institution in America, has announced a bullish stance towards the cryptocurrency market, with a particular focus on Ethereum (ETH) and its associated network. JPMorgan’s analysts have suggested that the Ethereum network and its native token, ether (ETH), could significantly contribute to the broader cryptocurrency ecosystem…
Aspyr’s Struggle with Star Wars Game Releases
The Disappointing Re-release of Star Wars: Battlefront Classic Collection by Aspyr: A History of Technical Issues and Design Flaws The long-awaited re-release of Aspyr’s Star Wars: Battlefront Classic Collection was met with widespread disappointment from fans upon its launch on Thursday. Despite the excitement surrounding this title, it has been marred by numerous issues, causing…
DNB imposes fine on Crypto.com for illegal operations in the Netherlands
The Dutch Central Bank, De Nederlandsche Bank (DNB), has announced that it has imposed an administrative penalty on the centralized cryptocurrency exchange Crypto.com for operating without proper registration in the Netherlands for over two years. The fine was handed down following allegations that Foris DAX MT Limited (DAX MT), the operator of Crypto.com, provided crypto…
A New Era for Call of Duty: Microsoft’s Acquisition and Future Prospects
In an earth-shattering turn of events within the gaming industry, Microsoft, the tech behemoth, finalized its historic acquisition of Activision Blizzard for an astounding $68.7 billion in October 2023. This landmark deal, which represents one of the biggest transactions in gaming history, has dramatically reshaped the industry’s landscape and ignited a flurry of speculation regarding…
Bybit faces regulatory heat for unlicensed Hong Kong operations
The Securities and Futures Commission (SFC) of Hong Kong: A Warning Against Unlicensed Virtual Asset Trading Platform Bybit The financial regulatory landscape is constantly evolving, with regulators taking decisive actions to protect investors and maintain market integrity. In this context, the Securities and Futures Commission (SFC) of Hong Kong has recently issued a public warning…
Chainlink’s CCIP revenue jumps 180% amid growing adoption
Chainlink’s Cross-Chain Interoperability Protocol (CCIP): A Game Changer in Blockchain Ecosystem with 180% Revenue Surge in Two Months The past two months have seen an impressive surge of 180% in the revenue generated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). With a fee revenue jump from approximately $61,000 in January to over $171,000 during the first…
Crypto investment funds break $100B AUM worldwide for the first time
Global Assets under Management (AUM) in Cryptocurrency Investment Products Surpass $100 Billion: According to recent data from the leading digital asset investment firm, CoinShares, global assets under management (AUM) in cryptocurrency investment products have surpassed the $100 billion mark. This significant achievement is a result of robust inflows into crypto funds and impressive gains in…
Memecoins recent surge tied to significant increase in network activities
Memecoins, a subclass of cryptocurrencies recognized for their fanciful origins and speculative characteristics, have garnered substantial interest within the financial sphere in recent times. Despite not inherently holding any value, these tokens have displayed an intriguing correlation between their price escalations and the expansion of user wallets on underling blockchains, as per a report issued…
Ankr Expands Its DePIN Network for Web3 and AI Applications
Ankr, a leading Web3 infrastructure provider, has announced significant expansion to its Decentralized Physical Infrastructure Network (DePIN) service in order to bolster support for the growing demands of Web3 applications and on-chain ai projects. Through seven new partnerships with Ultra Sound Infrastructure providers, including IoTex, Gateway, Storj, Clover, Tencent Cloud, Mind Heart Soul, and Ankr…
HKMA Advances Digital Finance with Phase 2 of e-HKD Pilot Programme
The Hong Kong Monetary Authority (HKMA) Propels Hong Kong into the Forefront of Digital Finance Innovation with the Launch of Phase 2 of the e-HKD Pilot Programme On March 14, 2024, the Hong Kong Monetary Authority (HKMA) announced the next phase of its groundbreaking e-HKD Pilot Programme. This strategic initiative marks a significant step forward…
Robinhood’s assets under custody surpass the $100 Billion mark for the second consecutive month
Robinhood, the innovative brokerage firm based in Menlo Park, California, has experienced a remarkable growth in Assets Under Custody (AUC), exceeding the $100 billion mark for the second month in a row. In February, AUC expanded by an impressive 16% to reach $118.7 billion, showcasing the company’s exceptional ability to manage its clients’ assets. Analyst…
Scaramucci questions Grayscale’s Bitcoin Trust plan
Grayscale’s Strategic Response to Market Uncertainties: Filing for a Spot Bitcoin ETF Renowned investment figure Anthony Scaramucci, known for his association with the cryptocurrency industry, recently expressed skepticism towards Grayscale Investments’ plan to introduce a “mini bitcoin trust.” In response to these concerns and to maintain competitiveness in the cryptocurrency investment landscape, Grayscale made a…
Indonesia sets new crypto rules to boost financial sector
Indonesia’s Proactive Approach to Cryptocurrency Regulations: A Framework for Balanced Innovation On March 13, 2024, the Financial Services Authority (OJK) of Indonesia announced the upcoming release of new regulations covering cryptocurrencies and digital financial assets. Scheduled to take effect in January 2025, these guidelines mark a significant step for Indonesia’s financial sector, with the OJK…
Google Unveils AI Gaming Companion: SIMA
Google’s Groundbreaking Development: Scalable Instructable Multiworld Agent (SIMA) – A New Era of Gaming Companionship Introduction to Google’s Scalable Instructable Multiworld Agent (SIMA) Google has recently announced a groundbreaking development in the gaming industry with its latest creation, the Scalable Instructable Multiworld Agent (SIMA). Based on DeepMind technology, this ai is poised to revolutionize the…
Court backs Australian fintech firm Finder’s financial compliance
The Australian Federal Court has made a landmark decision in dismissing a lawsuit brought by the Australian Securities and Investments Commission (ASIC) against Finder Wallet, a subsidiary of the renowned Australian fintech firm Finder.com. The court ruling upholds Finder’s compliance with financial laws regarding their yield-bearing product, Finder Earn. Court Upholds Finder’s Compliance: A Landmark…
New York Stock Exchange (NYSE) proposes listing for 7RCC’s environmentally-conscious Bitcoin ETF
7RCC Takes a Leap Forward with Environmentally-Conscious Bitcoin ETF Proposal at NYSE The cryptocurrency landscape is witnessing a noteworthy development as 7RCC, a crypto firm, takes significant steps towards introducing an environmentally-friendly Spot Bitcoin ETF in the United States. The New York Stock Exchange (NYSE) has recently notified the Securities and Exchange Commission (SEC) of…
South Africa plans to license 60 crypto platforms by month’s end
South Africa: A Pioneer in Licensing Cryptocurrency Platforms Amidst African Continent The African continent is on the brink of witnessing a groundbreaking milestone as South Africa gears up to license approximately 60 cryptocurrency platforms by the end of this month. This regulatory move places the nation at the forefront of requiring cryptocurrency exchanges to secure…