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Crypto Sector Secures $317M in Venture Capital Deals in Early June
16.6.2024
With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather...
JPMorgan Chase Captures 18% of US Bank Profits, Highlighting Growing Market Dominance
16.6.2024
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from...
Solana memecoin sector (BONK, WIF, BRETT) crushes competition, but RCOF is ready to surpass them
14.6.2024
Analysts expect massive surges in Solana’s imminent performance, as traders have spotted an exciting investment opportunity in several Solana memecoin offerings such as Bonk (BONK), Brett (BRETT), and dogwifhat (WIF). On the other hand, RCO Finance (RCOF) has the potential to outperform these...
Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
11.6.2024
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop
Australia needs blockchain ‘more than ever’ to flip productivity freeze
11.6.2024
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy
US antitrust chief to scrutinize AI sector for monopoly risks
6.6.2024
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies
Private firms to join global central bank CBDC project
5.6.2024
As Project mBridge enters its MVP phase, BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential
US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...
US Navy launches ‘PARANOID’ blockchain security tech to private sector
2.6.2024
The government seeks a collaboration to research and develop the technology further
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
29.5.2024
The company has the financial capacity to consolidate the bitcoin mining space, the report said
TRON Founder Justin Sun Pushes For Pro-Crypto President Amid Trump, Biden Tensions
27.5.2024
TRON founder Justin Sun is encouraging those in the crypto sector to vote for the pro-crypto candidate, X posts from Sunday and Monday reveal. Sun's comments come amidst heightened political tension ahead of the 2024 U.S. presidential election.
The post TRON Founder Justin Sun Pushes...
Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report
21.5.2024
The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.
The post Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report appeared first on Cryptonews
Blockchain Association Sends Letter To Reps. Mike Johnson And Hakeem Jeffries Urging FIT21 House Vote
20.5.2024
The Blockchain Association is urging a full House floor vote of the Financial Innovation and Technology for the 21st Century Act (FIT21), a Monday letter from the crypto advocacy group to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries reveals. News of the letter comes on the heels...
HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin
20.5.2024
Xiao Geng states that the creation of a CNY-pegged stablecoin could expand the offshore Chinese yuan market and elevate Hong Kong’s status in the global financial sector.
The post HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin appeared first on Cryptonews
Coinbase Eyes Australia’s Growing $600B Pension Fund
16.5.2024
Coinbase is reportedly developing a tailored service to tap Australia’s $600 billion self-managed pension sector.
The post Coinbase Eyes Australia’s Growing $600B Pension Fund appeared first on Cryptonews
Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi
13.5.2024
Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including...
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
9.5.2024
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments, stating these are “a safe, quick, and more...
BlackRock, Ondo, Superstate: The Biggest Movers in the RWA Sector in Q1
7.5.2024
Catching up on the biggest news from the real-world asset space
Grayscale’s Bitcoin ETF Sees Small Inflows Following $17.4B Loss
7.5.2024
After months of outflows, Grayscale's Bitcoin ETF is experiencing a positive shift, with inflows totaling $66.9 million over the past two days. This turnaround follows a period of major...
Whales Dive Back Into Solana Meme Coins with SEALANA Crypto Presale Raising $100,000 in Minutes
3.5.2024
Thursday, May 2, 2024 – A presale for Sealana ($SEAL), the all-American redneck seal, launched on Solana yesterday, taking in $100,000 within minutes of launch. In a sector dominated by land-roving canines, one marine mammal is trading his way out of mom’s basement like a true 21st-century patriot...