Tag Archives: social

Singapore-headquartered cricket NFT platform Rario has bagged $120 million in funding led by Dream Capital. The Series A funding round also saw the participation of Alpha Wave Global. Founded in 2011, Rario’s existing investors include Animoca Brands, Presight Capital, and Kingsway Capital. “We are pleased to announce that we have raised $120M Series A Funding led by Dream Capital….,” Rario tweeted on Thursday, with a link to the Rario blog where the company had put out a...

Marielle Cohen-Branche – the French financial ombudsman – revealed that approximately 25% of suspected monetary frauds in France last year involved cryptocurrency investment schemes. This is a sharp increase from 2020 when the figures stood at 6%. Crypto Scams in France on the Rise The increasing popularity of the digital asset sector leads to its imminent employment in fraudulent activities. In a recent report, the French ombudsman – Marielle Cohen-Branche – disclosed that...

The National Basketball Association (NBA) revealed pausing minting of its new non-fungible token collection, dubbed – The Association – after a major loophole was detected by BlockSec. Less than a day after the league announced the minting of its Ethereum-based non-fungible token (NFT), it recognized the issues with the smart contract that triggered the “Allow List” supply to sell out prematurely. The Flaw Blockchain security firm, BlockSec revealed identifying a serious...

Raj Dhamodharan – Mastercard’s Global Head of crypto and blockchain – believes that digital currencies pose no threat “at all.” Moreover, he classified them as “probably the most mature investment asset.” Crypto: a Package of Multiple Technologies The payment services giant Mastercard is among the companies seeking to dive deeper into the digital asset universe. Throughout the past several months, the firm has launched numerous initiatives to promote the industry and...

Michael Saylor – CEO of the software platform MicroStrategy – said investing in his company is almost like allocating funds in the still nonexistent in the USA – Bitcoin spot ETF. His organization is known as one of the most prominent BTC HODLers as it owns over $5.5 billion worth of the primary cryptocurrency. MicroStrategy Could Count as Bitcoin Spot ETF The long-awaited Bitcoin spot exchange-traded fund still waits to see the light of day in the United States as the SEC...

The Korea Fair Trade Commission (KFTC) is reportedly ready to impose tougher regulations on Dunama – the parent company of the country’s largest crypto exchange, Upbit – by classifying it as a “large enterprise.” The authority deems firms with more than 5 trillion won ($4.03 billion) assets subject to stricter regulatory scrutiny, requiring them to “disclose information on major intracompany dealings, board decisions, and shareholders.” Dunamu held 10.15 trillion won (US$8.19...

The Switzerland-based investment product issuer – 21Shares – joined forces with ETF Securities to launch the first two exchange-traded funds in Australia that will provide customers with direct access to cryptocurrencies. Those products will track the performance of BTC, and ETH will go live on April 27. Crypto EFTs Popping out in Australia While the American financial regulators keep rejecting cryptocurrency spot ETF applications by major firms, such products started...

A news report suggesting that India’s hostile policy towards the digital asset sector is leading to an exodus of crypto-entrepreneurs from the country has said that Nischal Shetty and Siddharth Menon, both co-founders of WazirX, have left India along with their families for Dubai. Shetty and Menon are CEO and COO at WazirX, respectively. The Binance-operated company, the largest Indian crypto exchange by volume, is among the many local trading venues that had seen a sharp...

The Nigerian entity – Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) – reminded that cryptocurrencies and all related activities are still legal within the African country’s borders. As such, public and law enforcement agencies should stop their “demonization and discrimination” towards the sector. Crypto is not Unlawful in Nigeria Dealing with cryptocurrencies is not legal everywhere around the globe. The Chinese government, for example, prohibited all...

In line with the lack of massive price movements from bitcoin, the number of Google searches for the asset have declined to the lowest levels since late 2020. Separately, the popular Bitcoin Fear and Greed index has settled in a “fear” territory despite BTC’s two-day recovery after the sub-$40,000 dip. Lack of Retail Interest CryptoPotato reported yesterday the recent spike in whale activity towards the primary cryptocurrency. However, it seems that the demand from retail...