Chainalysis: Premium Index Boosts South Korean Crypto Market
The Korea Premium Index drives price increases in South Korea’s crypto market, where institutional trading is crucial. A recent report from Chainalysis shows that South Korea’s cryptocurrency market is experiencing significant growth, largely driven by the rise in the Korea Premium Index. The report emphasizes that local demand, institutional trading, and specific market dynamics in […]
Lemniscap Raises $70M to Invest in Early Stage Web3 Startups
The new fund will support startups working on blockchain-based solutions, such as zero-knowledge infrastructure and new Bitcoin ecosystems. Venture capital firm Lemniscap has announced the launch of a new fund to support early-stage Web3 startups. As per the announcement on August 28, the fund will have $70 million to invest in various blockchain-based businesses. These include […]
ASIC Takes Down Over 600 Crypto Scam Websites
Australia’s securities commission removed about 8% of fake websites in 2023 that focused solely on Bitcoin investments. In a report released on the first anniversary of its program to disrupt investment scams, the Australian Securities & Investments Commission announced the eradication of thousands of phishing and investment fraud websites. ASIC stated in a press statement […]
Microsoft AI Plans For Long-term Investments in UK
According to CEO Mustafa Suleyman, Microsoft’s artificial intelligence (AI) division plans to make a “significant, long-term investment” in the UK. Microsoft AI senior vice president and CEO Mustafa Suleyman stated in a blog post that the business intends to make long-term investments. He penned: “There is an enormous pool of AI talent and expertise in […]
Galaxy Predicts 74% Bitcoin Price Growth After ETF Debut
At this point, a 74% increase brings Bitcoin to well over $59,000, which does not include “second-order effects,” according to Galaxy Digital. According to Galaxy Digital, the price of Bitcoin will increase by 74.1% in the first year following the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Charles Yu, a research associate […]