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Japanese gaming giant Nexon invests $100M into Bitcoin
28.4.2021
The online games and virtual world creator has snapped up 1,717 Bitcoin for $58,226 each as it believes the cryptocurrency offers “long-term stability and liquidity.”
Gaming Giant Nexon Spends USD 100M on Bitcoin
28.4.2021
South Korean listed gaming behemoth, Nexon, said it acquired BTC 1,717 for around USD 100m, paying on average USD 58,226 per BTC, inclusive of fees and expenses.
This purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand (as of December 2020), they added.
"Our...
Paypal CEO Says Demand for Cryptocurrencies Is ‘Multiple-Fold’ of Initial Expectations
28.4.2021
The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold” of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocurrency features to enable Venmo users to buy, sell and hold...
Mastercard Launching Crypto Rewards Credit Card With Real-Time Bitcoin Rewards
27.4.2021
Mastercard is launching a new cryptocurrency rewards credit card featuring real-time rewards in partnership with crypto exchange Gemini. Cardholders will earn up to 3% back in real-time in bitcoin or a number of supported cryptocurrencies. Payments giant Mastercard is launching a new crypto rewards...
Chinese online retail giant JD.com adopts digital yuan for salary payments
26.4.2021
Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency
Lending giant Aave set to launch liquidity mining program
24.4.2021
Can governance token distribution help Aave overtake Compound?
Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies
23.4.2021
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has...
Facebook-Backed Crypto Diem Updates Launch Plan — Will Take a ‘Phased Approach’
21.4.2021
The cryptocurrency proposed by social media giant Facebook is gearing up to launch using a “phased approach,” its co-creator explains. The Diem Association, which oversees the crypto’s development, has been in talks with regulators to obtain a license. Diem Updates Launch Plan...
113 YO Giant Invested USD 100M in Blockchain.com
21.4.2021
London-based major crypto wallet provider Blockchain.com has unveiled a high-profile investor, UK asset management firm Baillie Gifford, who injected some USD 100m in the company’s latest Series C funding round.
The round was finalized last month, but Peter Smith, CEO and Co-founder...
Gaming giant Ubisoft to become corporate baker on Tezos network
20.4.2021
Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem
Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
Gaming Giant WeMade Wants to Buy Bithumb – Report
16.4.2021
Another South Korean gaming giant has been linked with a possible deal to take over Bithumb, one of the country’s biggest crypto exchanges.
Per a report from Chosun, WeMade, the firm behind the Legend of Mir series, is the latest to express an interest in buying a stake in the crypto trading...
Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin
15.4.2021
The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments. AXA Supports Bitcoin Payments In Switzerland...
Former South Korean Social Media Giant in Talks ‘With Major Gaming Companies’ to Implement Its Crypto
15.4.2021
A former South Korean social media giant is still keeping alive its promise to relaunch its business with the help of the cryptocurrency industry. A local media outlet reported that Cyworld is in talks with “major gaming companies” that involve crypto-related ventures. Company Also...
Ethereum: What the Future Holds for the Crypto Giant
13.4.2021
The crypto economy is surging globally, and it is all thanks to renowned names like Ethereum (ETH) investing their best efforts. The second-largest cryptocurrency recently touched the mark of 2,197 dollars, its highest to date. In the previous week alone, the currency has risen over 6%, showcasing...
Chat App Giant Kakao ‘Owns 23% of Crypto Exchange Operator’
13.4.2021
The South Korean internet giant Kakao reportedly owns “around” 23% of Dunamu, the operator of the nation’s market-leading crypto exchange Upbit, per South Korean media outlets.
Two of the country’s biggest financial newspapers – Maeil Kyungjae and Money Today – made mention of the company’s...
New Bitcoin Mining Giant Emerging in US With USD 651M Deal
8.4.2021
US-based listed Bitcoin (BTC) mining company Riot Blockchain said it's buying Whinstone, the owner and operator of North America’s leading Bitcoin hosting facility, from Northern Data for USD 651m.
The company said it has already signed a definitive agreement and expects to close the transaction...
Hedge Fund Giant Invests In Bitcoin Trust, JPMorgan's CEO On Crypto Regulation + More News
7.4.2021
Jamie Dimon, the CEO of JPMorgan. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investments news
USD 48bn hedge fund giant Millennium Management invested in Grayscale Bitcoin Trust (GBTC)...
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
6.4.2021
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January
Shopify CEO muses integrating e-commerce giant into DeFi ecosystem
3.4.2021
Shopify's CEO seems to have caught the crypto bug, and it could be a boon for adoption