Metaplanet Posts $605 Million Loss After Spending Billions on Bitcoin
This post was originally published on this site. In brief Metaplanet disclosed a full-year loss of $605 million. The company has paid $107,000 per Bitcoin on average for its $2.4…
Hong Kong regulator approves first crypto company license since June
This post was originally published on this site. Hong Kong’s Securities and Futures Commission (SFC) granted a crypto license to Victory Fintech (VDX), an affiliate entity of publicly listed financial…
Bitcoin ‘Boom-Bust’ Era Is Over as Institutions Take the Lead: WisdomTree
This post was originally published on this site. In brief Crypto has shifted from retail speculation to institutional discipline, says asset manager WisdomTree. Traditional diversification is under strain; crypto offers…
Harvard Cuts Bitcoin ETF Stake, Adds Ethereum Exposure in Q4 Filing
This post was originally published on this site. In brief Harvard cut its IBIT stake by 1.46 million shares in Q4, now valued at about $265 million. It moved in…
EU Moves to Ban All Crypto Transactions with Russian Entities: Report
This post was originally published on this site. In brief The European Commission is reportedly seeking to impose an EU-wide ban on all crypto transactions with entities based in Russia.…
Crypto mining can help energy volatility, Paradigm responds to policy onslaught
This post was originally published on this site. Policymakers across North America are worrying about what the energy usage of crypto, artificial intelligence and other data centers might mean for…
U.S. Crypto Funds Shed $403M Amid Price Weakness: CoinShares
This post was originally published on this site. In brief A four-week outflow streak has erased $3.74 billion from crypto investment products, according to a new CoinShares report. U.S. digital…
Nexo Taps Bakkt For US Return Three Years After SEC Settlement Over Lending Product
This post was originally published on this site. In brief Nexo said it’s returning to the U.S. The company will offer various products using Bakkt. The firm’s previous lending product…
From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says
This post was originally published on this site. Last year restored crypto’s institutional footing. This year, according to Silicon Valley Bank (SVB), is when it becomes more integrated into the…
Binance Founder CZ: Privacy ‘Missing Link’ for Crypto Payments Adoption
This post was originally published on this site. Binance founder Changpeng Zhao has argued that privacy is the most significant unresolved challenge facing crypto, and that the industry needs to…