Cryptocurrencies News
- Reuters
(Reuters) – Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and asset manager at $2 billion.
- Sujha Sundararajan
Latin America’s largest exchange Mercado Bitcoin and Stellar have joined the LIFT Challenge Real Digital to explore use cases for a Brazilian CBDC.
- Reuters
(Reuters) – Venture capital giant Andreessen Horowitz said on Wednesday it has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised so far for digital currency investments to more than $7.6 billion.
- Joel Frank
Familiar bearish macro themes of central bank tightening plus fears about slowing growth and inflation cap crypto upside for now.
- Reuters
By Jessica DiNapoli DAVOS, Switzerland (Reuters) – Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value.
- Bob Mason
Carbon credit is a growing space in the crypto world, with blockchain firms looking to make carbon credit trading more accessible to corporations globally.
- Reuters
By Elizabeth Howcroft LONDON (Reuters) – Ukraine, battered by three months of war, plans to continue to tap crypto investors to help raise funds after a plunge in prices decimated the country’s fundraising efforts in May.
- Reuters
By Mike Dolan LONDON (Reuters) – Whatever the broader financial or economic stability risks of volatile crypto tokens, government watchdogs may reasonably balk at 10% household exposure to loosely-regulated speculative punts that double or halve in value every 6 months.
- Aaryamann Shrivastava
The country has already been strict with its regulations regarding cryptocurrency, and the recent UST debacle is only further provocating the authorities.
- Bob Mason
This week, the ECB published a crypto-asset review and risk assessment that raised concerns over financial stability and the lack of regulatory oversight.
- Martin Young
America’s largest cryptocurrency exchange has become a Fortune 500 company this week, however, the elusive accolade has done nothing for its share prices.
- Aaryamann Shrivastava
Recovery for some assets in the crypto market has been exceptional, but the same can’t be said for Cardano and Polkadot despite the demand.
- Varuni Trivedi
The Central African Republic’s adoption of bitcoin as legal tender has been a debated occurrence. Now the nation wants to create a cryptocurrency economic zone, ‘Sango.’
- Reuters
DOHA (Reuters) – The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there because of the Ukraine crisis, the sovereign wealth fund’s chief investment officer for Europe, Russia and Turkey said Tuesday.
- Reuters
FRANKFURT (Reuters) – One in ten euro zone households have bought crypto-assets such as bitcoin, with the rich only slightly more likely to own some than the poor, a European Central Bank study showed on Tuesday.
- Joel Frank
Cryptocurrencies fell on Monday, sending bitcoin back below $30,000, with as traders monitor the macro environment and World Economic Forum.
- Sujha Sundararajan
A Federal Reserve survey found that unbanked Americans lead the crypto adoption trend and 12% of US adults bought or held cryptos in 2021.
- Reuters
By Medha Singh and Lisa Pauline Mattackal
- Bob Mason
The NBA’s Magic Johnson announced an NFT collection this week to commemorate an impressive career. The announcement followed eBays NFT launch.
- Martin Young
U.S. gaming giant GameStop is ramping up its foray into the digital asset space with the launch of a new wallet for cryptocurrencies and nonfungible tokens (NFTs).