The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a ... ( read original story ...)
Japan $87 Billion Innovation Fund Ramps Up Alternative Focus
Japan’s 10 trillion yen ($87 billion) innovation fund designed to support cutting edge research is boosting its focus on alternative investments as it nears its launch.Most Read from BloombergA ... ( read original story ...)
New Paradigm: Crypto Goes Crosschain As Users Chase L1 Incentives
The crypto market has changed dramatically throughout the past year as volume, capital, TVL, and incentives migrate away from Ethereum and towards other layer one and layer two blockchains. ( read original story ...)
4 ways to survive the crypto bear market
Crypto markets have reached precarious lows this month, leaving buyers with a growing anxiety about how to survive a bear market. We asked industry experts to weigh in on solutions. ( read original story ...)
55% of Bitcoin Investors Started in the Last Year. 5 Things You Should Know if You’re New to Crypto
From taxes to scams to market volatility, here are five things experts say you should keep in mind if you're just started investing in crypto. ( read original story ...)
Coinbase Rival FTX US Leaps to $8Bn Valuation Despite Crypto Washout
Coinbase's market capitalization is currently at $51.3 billion as of time of writing. On Wednesday, the Coinbase ( COIN) rival, closed its latest round of Series A financing also backed by Lightspeed ... ( read original story ...)
Crypto money laundering rises 30%, report finds
Criminals laundered $8.6bn (£6.4bn) of cryptocurrency in 2021, up by 30% from the previous year, a report by blockchain data company Chainalysis says. It says police could strike a "huge blow" by ... ( read original story ...)
Crypto market collapse derails Melania’s hat auction
The former first lady is selling a hat she wore for the visit of Emmanuel Macron, amid huge volatility in the value of the digital currency ... ( read original story ...)
Paris Hilton has invested in crypto since 2016 — here’s why she’s betting big on NFTs and the metaverse
Paris Hilton believes everything is going digital.That's why the 40-year-old hotel heiress is betting big on cryptocurrencies, non-fungible tokens (NFTs) and now the metaverse."I just really believe ... ( read original story ...)
Crypto exchange FTX.US closes 1st capital raise, valued at $8B
U.S. subsidary of crypto exchange, FTX, closes first raise at $8 billion valuation from venture capital names like Paradigm, SoftBank and Temasek. ( read original story ...)
A long ‘crypto winter’ of falling prices could end up killing off 80% of DeFi apps, according to DappRadar: report
DeFi apps could disappear if the crypto rout lasts for a year, says DappRadar, according to a Bloomberg report. ( read original story ...)
Mark Zuckerberg’s controversial crypto project Diem is looking to repay investors by selling its assets, report says
Diem is in talks with investment banks about how best to sell its intellectual property and cash out any remaining value, the report said. ( read original story ...)
Global stocks, crypto rebound ahead of today’s momentous Fed decision
S&P 500 and Nasdaq futures were trading roughly 2% higher at one point, pointing to a solid open on "Fed Day." ... ( read original story ...)
Coinbase rival FTX U.S. valued at $8 billion as investors brace for ‘crypto winter’
FTX U.S., the American affiliate of cryptocurrency exchange FTX, has raised $400 million in its first external fundraising round. ( read original story ...)
Roundup: Japan’s Nikkei drops to 13-month low amid concerns over Fed outcome
Japan's Nikkei dropped to its lowest level since December 2020 on Wednesday, as technology issues retreating on Wall Street overnight weighed, in twine with concerns over a possible hawkish outcome at ... ( read original story ...)
UPDATE 2-Japan’s Marubeni to sell Gavilon grain business to Glencore arm for $1.1 bln
Japanese trading house Marubeni Corp will sell the grains business of its U.S. unit Gavilon to commodities trader Glencore PLC's Viterra arm for $1.125 billion, plus working capital, Viterra said on ... ( read original story ...)