Category: Market News

Source: Funderlyst TLDR: Japan’s Cabinet approved a Bill allowing limited liability partnerships (LLPs) to invest in crypto asset tokens, benefiting venture capital (VC) firms. The legislation is expected to pass, providing VCs with new opportunities to invest in web3 crypto tokens. Japan’s Cabinet has approved a Bill, the Industrial Competitiveness Enhancement Act, which will allow… Continue reading Japan Embraces Web3 Crypto Investment: New VC Law Approved

Source: Cointelegraph Pyth Network introduces Bitcoin ETF price feeds to allow DeFi developers access to real-time market data, bridging the gap between traditional finance and decentralized finance. Pyth Network, a provider of real-time market data for blockchain applications, announced on Feb. 20 the launch of price feeds for 13 Bitcoin exchange-traded funds (ETFs), making accurate… Continue reading DeFi Devs get real-time Bitcoin ETF data with Pyth Network

Source: Cointelegraph Sweatcoin’s anti-shaking fraud division, WAX says traditional gaming firms are followers, not leaders, in Web3 games, MotoDEX review & more. Shaking is fraud: Sweat Economy founder Sweatcoin (SWEAT) is the token of the Sweat Economy, a move-to-earn (M2E) crypto application with 155 million users. The app pays out SWEAT for simply getting off… Continue reading Web3 Gamer: Sweatcoin says shaking is faking, MotoDEX review, Gods Unchained 2024

Source: CryptoTvplus eBay is reevaluating its foray into the Non-Fungible Token (NFT) space, leading to a significant shakeup within its Web3 division. According to insider reports from NFTgators, eBay has laid off over 30% of its Web3 team and seen the resignation of its business and strategy officer of the Web3 division, Stef Jay. About… Continue reading eBay rethinks NFT strategy with KnownOrigin, lays off Web3 team

Source: Cointelegraph Bitcoin price surged to $53,000 today. Cointelegraph explains why. Bitcoin price rallied to a new 2024 high at $53,019 on Feb. 20, before abruptly selling off to $50,000 on some exchanges. Traders are citing consistent spot BTC ETF inflows and the upcoming supply halving event as major factors behind the price move, and… Continue reading Bitcoin price rejects at $53K as futures open interest hits a 2-year high

Source: CoinDesk The firm’s Gold & Silver fund made a $2.58 million investment in an XRP ETP in the first half of 2023, which was later cancelled. The investment in the XRP product was canceled due to crypto investment rules in Ireland. The asset manager had to quickly scrap the investment at a loss of… Continue reading Asset Manager Jupiter’s Crypto Investment Scrapped by Compliance Team: FT

Source: CoinDesk Bitcoin has rallied 35% in three weeks, with mining reward halving due in April. Lyra’s decentralized bitcoin options marketplace suggests a 20% probability of prices rising above $70,000 by the end of April. Lyra recently listed options with an April 26 expiry, allowing traders to speculate on price trends ahead of and following… Continue reading Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Marketplace Lyra

Source: Fintech News Hong Kong UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the bank’s UBS Tokenise initiative, aimed at advancing its in-house tokenisation services. The product is a call warrant with Xiaomi Corporation as the underlying stock. The tokenised warrant is also reportedly… Continue reading UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum

Source: Blockworks Banking giant brings a Wellington Management-issued private equity fund onto Avalanche’s Spruce subnet as part of a proof of concept Citi is the latest financial firm to test bringing real-world assets onto distributed ledger technology networks, finding that such efforts can offer big advantages over traditional models. “Tokenization unlocks the value in traditional… Continue reading Citi the latest TradFi player to test out asset tokenization

Source: CoinDesk Yat Siu explains why we shouldn’t dismiss NFTs as monkey JPEGs and how blockchain acts as a political system of sorts, fostering a consensus-based democratic process. Yat Siu, founder of Animoca Brands, believes NFTs are underutilized and can be a major component of digital capitalism, transforming industries such as rights management and education.… Continue reading NFTs Are the Pillars of Digital Capitalism, Animoca Founder Says