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Sony Mulls Finance Unit Listing amid Plans to Steepen Entertainment Interests

Sony could pursue a partial divisional spin-off by listing its finance unit within the next two to three years. Sony Group Corp is reportedly mulling a partial spin-off and listing of its finance unit just three years after assuming full ownership. The Japanese multinational conglomerate could retain a stake of slightly less than 20% of Sony Financial Group. In addition to a possible spin-off, Sony is also focusing on other operational plans, including strengthening its entertainment and...

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Filecoin Labeled as Security, SEC Asks Grayscale to Withdraw Filecoin Trust

The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges. The United States Securities and Exchange Commission (SEC) has tagged Filecoin (FIL) as an unregistered security. As a result, the regulator expects Grayscale Investments its application for Filecoin Trust. According to an update given by Grayscale about the status of the Trust’s registration in a statement on Form 10, a...

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EOS Price Analysis: Signs of Recovery Toward $1.0

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price is trading in a bearish zone below the $0.95 support against the US Dollar. The price is now trading above $0.88 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.87 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase)....

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Litecoin (LTC) Price Analysis: Bulls Regain Strength Above $92

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading above $92 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $85 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain...

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Ripple Acquires Swiss Crypto Custody Platform Metaco for $250M as Part of Push toward Tokenization

US remittance system Ripple acquired Metaco to leverage the company’s resources and entrench itself in the emerging crypto custody market. Ripple has acquired Swiss-based Metaco for $250 million as part of the remittance network’s expansion into institutional crypto custody. The acquisition also comes amid a favorable ruling for Ripple in its ongoing lawsuit with the Securities and Exchange Commission (SEC). Ripple’s acquisition of Metaco underpins the US-based tech platform’s faith in the...

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China’s Top Prosecution Agency Warns NFT Users of Possible Economic Exploitation via Price Manipulation

According to Chinese prosecutors, NFT creators hide in plain view through the use of airdrops, blind boxes, limited sales, and synthesis. The Chinese government has pushed the country to digital economy adoption post-Covid-19 global pandemic. The country has significantly rolled out the digital yuan in anticipation to widen the adoption of its currency as a global reserve. The digital Yuan is expected to significantly help improve the overall liquidity of cryptocurrencies in the Asian...

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Dieter Wermuth: Bitcoin Is a Complete Waste of Investor Funds

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Dieter Wermuth – a noted economist and partner at Wermuth Asset Management – explained in a recent note that he thinks the overall economy would be better without bitcoin, and that people should try to forget about the currency for a little while. Dieter Wermuth on Why Bitcoin is Pointless Bitcoin has been...

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Ripple’s XRP Experiences 8% Price Pump Following Latest Court Twist

Observers believe Wednesday’s XRP price pump indicates that Ripple has the upper hand in its ongoing litigation with the SEC.  Ripple native token XRP recently experienced an 8% price pump following a seemingly ‘favorable’ court ruling. The digital currency’s jump came after the presiding judge in the long-drawn-out Ripple vs SEC case denied a motion filed by the regulator. Ripple’s XRP traded at 46 US cents at 12:45 pm Singapore time Wednesday. Furthermore, XRP’s recent price upswing...

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Nikolaos Panigirtzoglou on Why Bitcoin Is Jumping Up So Fast

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Nikolaos Panigirtzoglou – a global market strategist with JPMorgan, one of the biggest finance giants in the world – recently gave his thoughts on why bitcoin and several other digital currencies are up so high since the beginning of the year. Nikolaos Panigirtzoglou Discusses His Thoughts on BTC He commented...

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Bitcoin Blockchain’s Average Transaction Fees Surged 900% In the Last 3 Months to Stand at $15.65

To da moon? Bitcoin Average Transaction Fees Per a BanklessTimes.com report, average BTC transaction fees were around $1.5 on February 10, 2023. But these had jumped to $15.56 on May 10, 2023. The primary reason behind this drastic increase is the introduction of Ordinals onto the Bitcoin Network. Ordinals are a new integration into Bitcoin’s blockchain, supporting the creation of non-fungible tokens (NFTs) and BRC-20 tokens. The latter is central...

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