Nomura Sets To Establish New Crypto Subsidiary Outside Japan
Nomura wants to set up a crypto subsidiary outside of Japan and hire about 100 people to work in the digital asset space. Nomura, which is Japan’s biggest investment bank, is going to start a new subsidiary company to help institutional clients invest in cryptocurrency and nonfungible tokens (NFTs). People who know Nomura’s plans told […]
Metatheory Raises $24 Million In Series A Funding Round
The funding round will be used by Metatheory to make NFTs and a play-to-earn game that is expected to come out in late 2022. Metatheory, a web3 gaming and entertainment company founded by Twitch Co-Founder Kevin Lin, has raised $24 million in a Series A funding round. According to the announcement , the round was […]
Portugal to impose crypto taxes in future
Portugal which offers a no-tax system on crypto will be implementing taxation soon according to a statement from the country’s new finance minister Fernando Medina. On Friday, Fernando Medina, Portugal’s new finance minister, said in parliament that crypto coins will be taxed in the near future. “Many nations already have systems; many countries are developing […]
Ethereum Shorts Build Up As ETH Exchange Supply Increases
Ethereum price is expected to recover from the drop it suffered last week, following the building up of its shorts. The world’s second-largest cryptocurrency, Ethereum (ETH), has entered a major correction amid the broader market crash. Following last week’s drop, the price of ETH has been hovering around $2,000 levels. Santiment, an on-chain data provider, […]
Tether supplies, cash reserves fall following Terra’s nightmare
Tether (USDT) market’s value fell 7.8% to $76 billion in the last seven days as cryptocurrency investors and dealers cashed out $7.7 billion following the incident of Terra stablecoin UST’s crash. According to Tether’s latest reserves report from December 2021, the amount removed from the top stablecoin is nearly double the $4.1 billion it held […]