Category: Market News

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

Source: Fintech News Hong Kong RD Technologies announced its intent to collaborate with the Hong Kong licensed virtual assets trading platform, HashKey Exchange, and financial payment company Allinpay International. This partnership is focused on exploring the integration of stablecoins into payment services, aiming to enhance the functionality and efficiency of online and offline transactions. The… Continue reading RD Technologies, HashKey Exchange, Allinpay Exploring Stablecoin Integration

Source: The Currency Analytics In a groundbreaking move set to redefine the landscape of digital currency transactions, the Celo Foundation has forged a strategic partnership with Circle to integrate USDC, a leading stablecoin, into its blockchain network. This landmark collaboration not only diversifies Celo’s stablecoin offerings but also positions USDC to potentially serve as an… Continue reading Celo Blockchain Welcomes USDC as Native Currency, Paving the Way for Seamless Transactions

Tencent Research Institute’s report on 2024’s top technology trends highlights quantum computing, high-performance chips, AI-driven industry development, sustainable computing, IoT, cloud computing, and more, signifying transformative impacts across industries. Tencent, a leading technology company in China, recently published a detailed report on the top ten technology trends that are expected to shape the year 2024.… Continue reading Tencent Unveils Top Ten Tech Trends for 2024