Category: Investment

Ethereum 2.0, the much-awaited upgrade of the Ethereum network, received immense support from the ETH community since the official launch of Beacon Chain in December 2020. Etherscan.com, the block explorer and analytics platform for Ethereum, recently highlighted that the total value of the staked ETH under the deposit contract of ETH 2.0 has crossed the mark of $20 billion. Ethereum 2.0 deposit contract now has 6.59 million ETH, which is the highest level on record. During the first week of July 2021, ETH 2.0 deposit contract crossed 6 million coins…

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According to new policies from German regulators, institutional funds can now invest in cryptocurrencies. The new law, which was implemented at the beginning of the month, gives the German Spezial-AIF special funds the right to invest in digital assets. The regulation specifically applies to assets held in the specialized funds called Spezialfonds. Traditionally these special funds are open-ended, regulated investment funds limited to institutional investors, such as financial institutions, insurance companies, corporations, foundations, and churches, excluding the general population. Around 4,000 institutional funds with almost 2 trillion Euros in assets…

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Alipay has launched a new feature that allows users to buy non-fungible tokens (NFTs) from within the app, according to local sources. One of China’s largest payment service provider, Alipay, has launched a platform for the sale of NFTs. Local media reports and tweets from Colin Wu and others confirmed the development, which marks a big step forward for the company. Users can buy NFTs directly from the app, as seen in the tweets, which are accompanied by a few screenshots of the UI. Sino Global Capital CEO Matthew Graham,…

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British computer scientist and inventor Tim Berners-Lee is auctioning the original code for the world wide web as a non-fungible token. NFTs are a type of digital asset designed to show that someone has ownership of a unique virtual item, such as online pictures and videos, or even sports trading cards. The auction for the world wide web NFT — titled “This Changed Everything” — will be run by Sotheby’s in London from June 23-30, with bidding starting at $1,000. The proceeds of the auction will benefit initiatives that Berners-Lee…

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Thailand has now officially banned the trading of meme coins and NFTs. According to news reports, the country’s Securities and Exchange Commission ordered various exchanges to delist numerous meme coins such as Dogecoin as well as other utility tokens, social tokens and even NFTs. The specific wording of the regulations states that these digital assets have “no clear objective or substance or underlying [value]” and that their prices are purely “running on social media trends.” The ban has already been implemented, and Thailand is now looking ahead to also ban…

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MicroStrategy has filed an application for a $1 billion securities offering of its class A common stock, NASDAQ: MSTR. The company will use the money for “general corporate purpose, including the acquisition of Bitcoin.” MicroStrategy is planning yet another Bitcoin purchase. Hours after completing a $500 million raise in corporate bonds to add to its holdings of the digital asset, the business intelligence firm filed for a new “securities offering” worth $1 billion with the SEC. The registration explained that the sale would be for its NASDAQ-listed MSTR shares, which…

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As NFT sales in established art houses become something of the norm, there are still record-breaking, and even shocking auctions that rock the art and crypto world alike. At auction house Sotheby’s ‘The Fungible Collection’ sale, a single grey pixel created by digital artist Pak sold for $1.36 million. The digital art sale included a series of digital cubes that collectors were able to purchase for a fee of $500 to $1,500 for which they would receive a number of NFTs, depending on how many cubes they purchased. As part…

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Coinbase, the US-based cryptocurrency exchange, launched its initial public offering (IPO) on Nasdaq on Wednesday, hitting at valuation of $99.6 billion. Shares debuted at $381, a 52.4% increase on the $250 reference price – the benchmark for performance when Coinbase stock started trading. Shares closed below $330, up a lesser 32%. The firm listed its stock directly on Nasdaq. This meant employees and existing shareholders could sell their Coinbase shares immediately at the market-level price. Just a day earlier, Bitcoin hit a new high of more than $63,000. “The Coinbase…

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