ENTERPRISE
KuCoin Terminates Accounts of China’s Users, Following Other Cryptocurrency Exchanges
Crypto exchange KuCoin has revealed that it is closing accounts associated with Chinese users. The development is another blow to investors in Bitcoin and other crypto-assets in Mainland China amid the latest crackdown on the sector.
SBI, Sygnum, and Azimut Jointly Established a $75M Venture Capital Fund for Crypto Startups
Japanese financial giant SBI Group, Swiss bank of digital asset management Sygnum, and Italy's Azimut Group jointly raised a US$75 million venture capital fund in Singapore today, aiming to invest in capable start-up companies in the digital asset field.
SEC’s Filing Shows Blackrock Made $369,137 Profits on Its Bitcoin Futures
BlackRock has made $369,137 from its investment into Bitcoin futures, according to SEC’s filing. Despite crypto volatility, the investment firm is on a trajectory to more from its Bitcoin futures investments.
Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update
Morgan Stanley believes that the shares of crypto-focused bank Silvergate bank are underrated and gives a fresh valuation of the stocks owned by Silvergate.
Facebook Sets up $50M Investment Fund for the Development of Metaverse
Social media giant Facebook announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality, consumer hardware and promotion of Metaverse products' development.
Coinbase Adds Direct Paycheck Deposit Feature into Crypto Accounts
Coinbase is launching a new feature on its platform that aims to bring one step closer to being de-factor bank accounts for its crypto users.
Crypto Exchange FTX Relocates its HQ to the Bahamas from Hong Kong
Digital assets derivatives exchange FTX reportedly has relocated their headquarter to Nassau, the Bahamas, from Hong Kong, citing fewer regulation restrictions on the island nation.
The Sordid Tale of QuadrigaCx is Coming to Netflix
Streaming service provider Netflix Inc is set to premiere a documentary reviewing the fall of a once-popular Canadian cryptocurrency exchange, QuadrigaCx.
Robinhood to Plan Testing Cryptocurrency Wallets, Speeding up Crypto Territory Escalation
Robinhood Markets is extending its reach in the growing cryptocurrency market and now plans to test its cryptocurrency wallets. The so-called crypto wallets will give customers more ability to own and spend crypto coins.
Invesco Partners with Mike Novogratz’s Galaxy Digital to Rollout Suite of Crypto ETFs
Investment management firm, Invesco, is preparing to make crypto ETFs available to investors. The company has partnered with Galaxy Digital Holdings Ltd to expand its existing exchange-traded funds.
