Cryptocurrency Analysis and News Portal
Place/Date: - February 2nd, 2023 at 5:20 am UTC · 3 min read Source: Snowfall Protocol As 2023 gets underway and crypto prices continue to surge, now is the perfect time to invest in cryptocurrencies. However, choosing a profitable coin is like
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Cryptox Research has analyzed all the deals and trends from venture capital in the blockchain industry during the fourth quarter of 2022. The second half of 2022 saw a dramatic decline in capital inflows across all five major sectors of the blockchain industry: decentralized finance (DeFi), centralized finance (CeFi), nonfungible
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Microsoft has been working on transforming Azure into an AI supercomputer, primarily through its investments in OpenAI over the years.American technology corporation Microsoft (NASDAQ: MSFT) has announced a multibillion-dollar investment in Artificial intelligence company OpenAI, which is also the maker of ChatGPT. The tech company noted that the investment is towards
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Last year was a big one for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher warns.The number of deals and amount invested by venture firms into Web3 and
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The state of the Grayscale Bitcoin Trust (GBTC), the largest BTC trust in the world, has sparked concerns among investors in the space. With such a large discount to net asset value (NAV), there have been discussions on where the fund goes from here and if it is in trouble.
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Valkyrie, one of Grayscale’s rivals, previously launched a bitcoin trust and a bitcoin-related exchange-traded-fund (ETF) in 2021. As part of their plan to sponsor GBTC, the world’s largest bitcoin fund, the Tennessee-based company also announced the launch of a new fund, the Valkyrie Opportunistic Fund, LP that seeks to take
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Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio. In an announcement, the company’s founder and CEO Iakov Levin also known as “Trevor” wrote that the move is partly because the fund’s DeFi portfolio lost $50 million, which
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Investing in the digital currency ecosystem has been considered a major gamble by most multinationals.American multinational financial services giant, Fidelity Investments has filed trademark applications to offer services in the alternate reality that will include the metaverse. As reported by The Block citing the company’s trademark filings, the firm hopes
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The transactions of “designated crypto assets” entered into from the tax year 2022 to 2023 onwards will be qualified for the Investment Manager Exemption in the United Kingdom. Certain legislation was announced by the U.K. government back in April and is now executed by the Commissioners for His Majesty’s Revenue
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Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still
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