A new survey conducted by digital asset investing firm CoinShares is revealing three crypto assets attracting investment fund manager capital away from Ethereum (ETH). In the latest CoinShares’ May 20...
Tag: Investor
Crypto-Mining Malware Steals $1.7 Million From Transaction Hijacking
Analysts from the Broadcom-owned cybersecurity company Symantec have identified a new cryptocurrency mining malware called Clipminer that stole nearly $2 million by hijacking crypto transactions, Blee...
White House Working on Policy to Lower Bitcoin Energy Use
The White House is working on policy recommendations to control Bitcoin energy consumption and carbon footprints in the United States, Bloomberg Law reported Thursday. The move comes after a series of...
Cardano Hits $42.5M in Monthly Transactions, On-Chain Analysis Reveals
Despite the bearish trends in the crypto market, transactions on Cardano went up by 7.74% in May, reaching a total of $42.5 million, a recent on-chain analysis revealed. Cardano On-chain Activities U...
Forbes Scraps SPAC IPO Agenda amid Dwindling Investor Interest & Heightened Regulatory Scrutiny of Blank-Check Firms
Forbes has reportedly pulled the plug on its SPAC IPO after conducting market reevaluations. An official announcement is expected soon. Forbes will not be going forward with its SPAC initial public of...
Blockchain Firm InfStones Nears Unicorn Status After Raising $66 Million
Blockchain infrastructure provider InfStones announced on Wednesday it has raised $66 million in a just-concluded funding round led by SoftBank Vision Fund 2 and GGV Capital. Other investors in the mo...
Binance Labs Launches $500M Fund Focused on Web3 Opportunities
Binance Labs, the investment arm of the leading global cryptocurrency exchange Binance, announced Wednesday that it has launched a $500 million fund to bolster web3 and blockchain ecosystems. The $50...
Is Solana Down? Network Suffers Fresh Downtime Amid Market Decline
The Solana mainnet has suffered a major outage in the hours leading up to press time. The outage was attributed to a bug that caused Solana node operators to start “generating different results for th...
KuCoin Exchange Announces KuCoin Wallet as a Holistic Web-3.0 Access Instrument
KuCoin – a leading global cryptocurrency exchange platform, launched its latest product – KuCoin Wallet. The decentralized digital asset storage application will be launched in late June, with its off...
Weibo Earnings Negate Investor Pessimism
China Last Night KraneShares Key News Asian equities were mixed overnight following the lackluster performance on Wall Street yesterday. Internet stocks were clipped after strong performance yesterday...
UK Investment Firm Abrdn Acquires Online Crypto Broker Interactive Investor
Abrdn plc, a Scotland-based global investment company, announced on Tuesday that it has completed the acquisition of the online investment platform, Interactive Investor. Abrdn, one of the largest ass...
Crypto Deals Boost NBA Sponsorship Revenue to $1.6B for 2021/2022 Season
Crypto deals helped the National Basketball Association (NBA) to reach an all-time high revenue of $1.6 billion in sponsorships for the 2021/2022 season, CNBC reported Wednesday. NBA Revenue Hits ATH ...
South Korea Plans to Establish Crypto Regulatory Policies to Prevent Another Terra-like Crash
A week after South Korea’s Financial Services Commission (FSC) called for a global alliance to work together to scrutinize cryptocurrencies, the country said it plans to set up regulatory policies for...
What Is a Crypto Airdrop? How to Milk and Get Rich From It
A cryptocurrency airdrop is a process through which new or existing projects send out portions of their coins/tokens to the wallet addresses of many users who qualify to receive them. Some projects re...
Investor Who Shorted Enron Early Is Betting Against Coinbase
Alex Dovbnya Short-seller Jim Chanos is bearish on Coinbase, whose revenue has plummeted this year due to declining interest in crypto market During a recent podcast appearance, famed short-seller Jim...
A late-May rally in stocks isn’t cause for investor celebration just yet
If you managed to sleep through May or simply avoided your brokerage app, congratulations. You might be sitting on some gains despite the major averages punishing investors with gut-wrenching drops of...
Bangkok Police Arrests Six Men for Cryptocurrency Scam
The Nation Thailand on Tuesday disclosed that the Police Cyber Taskforce (PCT) of Bangkok has arrested six Taiwanese men for allegedly engaging in cryptocurrency fraud. According to the report, the s...
Fayez Sarofim, Buffett-Style Investor and Art Collector, Dies at 93
Fayez Sarofim, an Egyptian immigrant who built a successful investment firm with an approach similar to Warren Buffett’s, died in Houston on Saturday at age 93. Sarofim, who became a billionaire, had ...
The Commission Says it Cannot Admit or Deny If Bill Hinman is Actually in the Video
As the long-running legal war between the United States Securities and Exchange Commission (SEC) and Ripple continues, we regularly get new portions of Ripple news. The Commission said it could not co...
Unilever names activist investor to board: ‘Unilever needs that’
Shares of Unilever plc (LON: ULVR) are up 8.0% on Tuesday after the consumer goods company named Nelson Peltz to its board as a non-executive director. Peltz has a 1.50% stake in Unilever plc The Amer...
Singapore to Explore Digital Asset Use Cases in New Pilot Program
The Monetary Authority of Singapore (MAS) announced Tuesday the launch of a pilot program dubbed “Project Guardian” to explore use cases for digital assets in asset tokenization and decentralized fina...
Crypto Startup Merge Raises $9.5M to Develop Its API Payments Platform
London-based crypto payments infrastructure provider Merge announced Monday it has raised $9.5 million in a seed funding round led by investment management company Octopus Ventures. Other investors in...
Crypto experts praise bear markets despite investor losses
The cryptocurrency markets are currently in a bearish state. While the current state has deterred some investors from participating in the market, industry experts believe this phase opened up opportu...
Ethereum Merge Test on Ropsten Successful, as Mainnet Inches Closer
Ethereum developers have recorded another milestone on the path to switching the network to a proof-of-stake (PoS) consensus mechanism. On Monday, developers successfully deployed the new Ethereum bea...
Binance Becomes a Registered Entity in Italy Amid Europe Expansion Plans
The world’s largest crypto exchange by trading volume, Binance, has received approval from Italian regulator Organismo Agenti E Mediatori (OAM) to operate as a virtual asset service provider in the co...
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble – Coinotizia
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and reco...
Terra Luna 2.0 Launches; Price Fails to Impress (Down 70%)
A few weeks after Terra’s blockchain fiasco that saw TerraUSD (UST) lose its peg to the U.S. dollar and its sister token, LUNA crashing, the team behind the project has now launched a new Terra networ...
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble – Economics Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and reco...
Rapper Drake Gifts Fans $1M in Bitcoin During Livestream
Popular Canadian rapper Drake gifted his fans $1 million in BTC during a live session held in partnership with Stake.com. The award-winning artist made the kind gesture after winning over $18 million ...
Binance Acquires Highly-Coveted “Category 4” License in Bahrain
Two months after Binance received an operational license as a crypto-asset service provider from the Central Bank of Bahrain (CBB), the cryptocurrency exchange has also obtained the highly-coveted “Ca...
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review – Coinotizia
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. ...