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More Crypto Firm Tenants Settle in Hong Kong Central CBD Offices
Hong Kong Land Holdings Ltd announced Wednesday that the real estate firm has signed a lease contract with a crypto firm, embracing the first crypto company to use their offices in the city's cbd.
Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive
The number of customers worldwide using cryptocurrencies to buy vehicles has significantly increased. An executive of AutoCoinCars has seen sales on its platform double to $12 million in 2021.
Epic Games CEO Defends Metaverse
Epic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.
Why Bitcoin Investors Shouldn’t Expect a Straight Moon Shot Over $20,000 Just Yet
Although the Bitcoin price gained 166% this year, the pioneer crypto has not yet produced the anticipated moon shot over $20,000 and investors could be in for a long wait.
Digital Euro Will Pull Out Traditional Bank Deposits by 8%, Says Morgan Stanley
The advent of the Digital Euro may spark a reduction in cash deposits by 8%, estimated by Morgan Stanley.
Public Companies Now Hold Almost $7 Billion Worth Of Bitcoin
At the time of writing, there is almost $7 billion of Bitcoin currently held by 13 publicly listed companies, notably MicroStrategy, Square, Galaxy Digital and Grayscale.
Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.
Jack Dorsey's Block Appoints MIT's Neha Narula to Board of Directors
Block, Inc., led by Jack Dorsey, has appointed Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, to its Board of Directors. Narula's expertise in Bitcoin and open source technology aligns with Block's mission of economic empowerment.
Ethereum is Inferior to Bitcoin as Money, What Makes ETH Valuable?
ETH is needed for staking and for securing transactions. However, Selkis believes that ETHE has been triggering a “mirage” of institutional demand of ETH.
Potential Fed Tightening Driving Short Term Crypto Sentiments: Analyst
The digital currency ecosystem has continued to experience volatility, with a declining market capitalization sweeping across the board. An analyst suggests the crypto market is still subject to Federal Reserve’s continuous quantitative tightening policy.
Hong Kong Embraces Virtual Asset Spot ETFs
Hong Kong is set to become the first market in Asia to allow Virtual Asset Spot ETFs, with around ten fund companies preparing for launch. This move signifies a major shift in the region's approach to virtual assets.
Investors Rally to Support Silicon Valley Bank Amidst Possible Closure
Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in an effort to cushion the impact of the bank's possible closure and limit the fallout on tech companies that rely on SVB for funding and banking services.