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Ark Invest’s “Bitcoin Monthly” May Report shows fundamentals are stronger than ever for Bitcoin.According to the report, 66% of Bitcoin’s supply has not moved in over a year.Short-term holders appear to have already capitulated, with their positions dropping 35% over breakeven price.The impact of Terra’s UST & Luna collapse on
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Binance Labs’ fundraise comes as venture capital investments face headwinds from expectations of interest rate increases. See related article: Binance’s investment in Forbes is a wake-up call for the crypto industry Fast facts The new fund is backed by institutional investors such as DST Global Partners and Breyer Capital, and family offices and
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United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios.The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the
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A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now
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Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFTs) into more game products as part of its medium-term business strategy in 2022.Square Enix (SE) is a Japanese game developer with $3 billion in assets under management, according to its latest earnings
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Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard.Joining the round was crypto-friendly German bank Commerzbank, crypto investment manager Galaxy Digital, and Dawn Capital as reported
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Summary: Goldman Sachs and Barclays Bank have invested in Elwood Technologies The two banks made the investment during a funding round together with Dawn Capital, the venture divisions of German lender Commerzbank and Galaxy Digital The funding round was worth $70 million at a $500 million valuation The traditional banking institutions of Goldman Sachs
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In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular Tomb Raider franchise for $300 million and investing the proceeds into blockchain, artificial intelligence (AI) and cloud computing technologies. The principal developer of Tomb Raider is Square Enix's subsidiary Crystal Dynamics,
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The token will provide voting rights in the DAO, which will include the ability to control components of the smart contracts and to dictate some strategic decisions like partnerships with chains and stablecoins. The tokens will initially be globally non-transferrable, meaning the tokens can’t be sold in a secondary market,
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