In an important development for institutional adoption In the digital assets sector, M&G Investments, the asset management arm of pension giant M&G Plc, has invested $20 million in a UK-based cryptocurrency derivatives trading platform. According to a recent Bloomberg report, this move represents a step forward in restoring institutional trust in the cryptocurrency market following the FTX collapse last year. report. High scores for cryptocurrency derivatives platform M&G Investments acquired the stake as part of a $30 million Series B, according to Bloomberg. funding round For Global Futures and Options Ltd., known as GFO-X. The capital injection was made on…
Author: Crypto Flexs
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China’s six major social media platforms, including WeChat, Sina Weibo, Douyin, Kuaishou, Bilibili and Xiaohongshu, require content creators with more than 500,000 or 1 million followers to disclose their real names or the real names of their financial backers. State media reported in October.
Bitcoin price plunged again, retesting the $40,000 support zone. BTC is rising, but needs to liquidate $42,350 to move into the positive zone. Bitcoin is attempting a fresh increase from the $40,000 support zone. The price is trading below $43,600 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above a bearish trend line connecting with resistance near $41,300. A break above the $42,350 resistance area could provide bullish momentum. Bitcoin price remains supported Bitcoin price fell significantly below the $43,500 and $43,200 support levels. BTC fell below…
join us telegram A channel to stay up to date on breaking news coverage Synthetix price prediction could continue to stabilize above the 9-day and 21-day moving averages as the coin heads to the upside. Synthetix predictive statistical data: Current Synthetix price – $4.67 Synthetix market cap – $1.3 billion Synthetix Circulation Volume – 300.3 million units Synthetix total supply – 328.1 million units Synthetix CoinMarketCap Ranking – 50th SNX/USD Market Main level: Resistance levels: $5.5, $6.0, $6.5 Support levels: $3.5, $3.0, $2.5 SNXUSD – daily chart Looking at the daily chart, SNX/USD continues to trade above the 9- and…
A dynamic and rapidly developing sector, the blockchain gaming industry is expected to surge from a valuation of $154.46 billion in 2023 to $614.91 billion by 2030, registering an impressive compound annual growth rate (CAGR) of 21.8%. . This remarkable growth trajectory highlights how blockchain technology is increasingly integrated into gaming, providing an innovative blend of entertainment and digital asset management. New trends in blockchain games 1. Emergence of DAOs in games: One notable trend is the integration of DAOs (Decentralized Autonomous Organizations) in games. Pioneered in games like Alien Worlds, DAOs allow players to participate in on-chain governance and…
U.S. officials will seize money from victims of bankrupt cryptocurrency company FTX Trading Ltd. unless a judge rejects the government’s demands for $24 billion in unpaid taxes. The Internal Revenue Service (IRS) must substantiate its claims against FTX and show how it assessed the taxes it owed, FTX lawyers said in a new filing. The move is the latest in a months-long dispute between the IRS and the FTX Bankruptcy Foundation over how much the failed exchange and its affiliates owe the government in unpaid taxes. FTX claims it doesn’t owe the IRS anything, but the agency wants $24 billion…
U.S. Sen. Elizabeth Warren, D-Mass., has garnered more support from her colleagues for legislation to crack down on alleged use of cryptocurrencies for illicit finance.Warren, who has often been critical of the cryptocurrency industry, said Monday that five senators had: joined We jointly propose the ‘Digital Asset Money Laundering Prevention Act’. bill, Criticism of the cryptocurrency industry It aims to extend Bank Secrecy Act requirements, including know-your-customer rules, to miners, validators, wallet providers, and more.Three of the five new additions, Sens. Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif), and Chris Van Hollen (D-Md.), sit on the Senate Banking Committee along with…
Dubai has established itself as a leading center for blockchain and cryptocurrency innovation, creating an environment conducive to the expansion of digital assets. The city’s progressive stance on technology has led to a significant increase in cryptocurrency adoption and investment.As the cryptocurrency market gains momentum in Dubai, it is essential for individuals to understand the intricacies of acquiring and disposing of digital assets. This comprehensive guide provides a roadmap to ensure users can make informed decisions in a dynamic financial environment.Understanding CryptocurrencyCryptocurrency, a form of digital or virtual currency that relies on encryption for security, operates on a decentralized network…
XRP price is expected to see a fresh rise from the $0.600 support. A break out of the $0.625 resistance area could allow the price to gain bullish momentum. XRP is slowly rising above the $0.612 level. The price is currently trading below $0.625 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair (data source from Kraken), a break occurred below the main bullish trendline with support near $0.628. A break above the $0.625 and $0.628 resistance levels will initiate a new rally for the pair. XRP Price Aims for a New Rise After…
The growth of both Shiba Inu and LUNC tokens has been hampered by the fact that their circulating supplies are incredibly large. As a way to curb this, both communities came up with burn plans to reduce token supply as much as possible. So far, community members have sent a significant amount of tokens to burn addresses. But which community efforts have had the greatest impact on token prices? The LUNC community hit $85 billion. The LUNC community burn has received a lot of attention since it began about a year ago. Millions of tokens are being removed from circulation…