GBA Capital Fund Commits Over $10b to Web3 Industry
GBA Capital Fund revealed its intention to spend more than $10 billion in the web3 sector, particularly emphasizing the Metaverse, NFTs, and physical assets. The most recent action taken by GBA Capital Fund coincides with a period of erratic developments in web3 investments. A high of $1.8 billion in the year ending June 2022 was […]
ARK Invest Liquidates Entire GBTC Holdings
Cathie Wood’s investment fund, Ark Invest, sold the Grayscale Bitcoin Trust’s (GBTC) last surviving assets. According to Bloomberg analyst Eric Balchunas, ProShares purchased the BITO Bitcoin (BTC) futures ETF in October 2021 with half the substantial $100 million revenues from the GBTC transaction. He proposed that the acquisition of BITO is probably being used as […]
Bitzlato Halts Bitcoin Withdrawals
Bitzlato has placed an indefinite hold on the removal of Bitcoins (BTC) from the site due to legal issues in France. The crypto exchange site Bitzlato declared on December 27 that withdrawals of special balances and technical customer support would no longer be available. In order to get ready for impending legal proceedings about the […]
Binance Reintroduces USDC Trading Pairs After One-Year Break
Just one year after eliminating USDC in order to focus on stablecoin liquidity, cryptocurrency platform Binance is bringing trading pairs back with the currency. In a press statement on December 27, cryptocurrency exchange Binance said it is bringing back a select trade pairings using Circle’s USDC stablecoin. The release states that on December 28 at […]
Hong Kong to Oblige Stablecoin Issuers to Obtain Licence
The government of Hong Kong has suggested approving and controlling fiat-pegged stablecoins (FRS). The paper states that stablecoins will be available for purchase by retail investors through the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA), but that the issuers of these coins will need to receive a unique […]