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Ex-Coinbase Pros Raised A $500M Fund To Buy Shares In Animoca Brands, Chainalysis
Monday, December 11, 2023 - 12:01pm | 575Blockchain companies, including Animoca Brands and Chainalysis, are now in the crosshairs of a $500 million fund aimed at acquiring secondary shares in crypto firms at significant discounts. This fund, C1, established by ex-Coinbase (NASDAQ: COIN) legal and investment professionals,...
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South Korea's NPS Purchased Stake In Coinbase For $20M, Yields About 40% Profit
Thursday, November 16, 2023 - 12:57pm | 346The National Pension Service (NPS) of South Korea purchased a stake in Coinbase (NASDAQ: COIN), the largest virtual asset exchange in the U.S. What Happened: The NPS acquired approximately 282,673 shares, a $20 million (26.1 billion won) value. The deal marks the NPS’s first inclusion of...
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Binance's Operations Deemed Unlawful By Nigeria's SEC, Investors Cautioned On Risks
Monday, July 31, 2023 - 12:08pm | 412Nigeria's Securities and Exchange Commission (SEC) has reiterated that the activities of Binance (CRYPTO: BNB), a leading cryptocurrency exchange, are illegal in the country. The regulator has issued a warning to the public about the risks associated with investing in crypto-assets and other...
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Trading App KoinBasket Expands Global Reach With Binance Integration, Turkey Launch
Friday, July 14, 2023 - 9:14am | 492Crypto trading platform KoinBasket is now allowing users to log in to the app using their Binance credentials. This makes it easier for users to access KoinBasket's features, such as its research tools, trading platform, and single sign-on (SSO) with other crypto exchanges. Separately,...
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Brazil's Money Makeover: Digital Real To Outshine Bitcoin?
Friday, May 26, 2023 - 3:48pm | 554In an ambitious leap towards digital finance, Brazil's Central Bank set plans in motion to test its central bank digital currency (CBDC) platform, known as the digital real. To ensure a robust trial phase, a diverse array of local and international entities have been selected as...
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Tiger Global's Crypto Woes Continue: 170 Startups Worth Less Than Original Investment
Monday, April 24, 2023 - 11:58am | 436Tiger Global Management, a well-known tech investor, has been hit hard by losses from its bets on blue-chip cryptocurrency businesses. According to private documents cited by The Information, the firm's $12.7 billion venture fund produced a paper loss of 20% as of December 2022. This was...
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Bulletproof Your Crypto Investments: Uncover Hidden Gems With This Benzinga Guide
Friday, March 24, 2023 - 10:31am | 558As the cryptocurrency sector continues to grow, new investors often wonder how to navigate the complex ecosystem of projects and tokens. Conducting thorough research is essential to make informed decisions and minimizing risks. In this article, we discuss the key aspects of '"Do Your Own...
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France Goes Crypto-Friendly As Stablecoin Giant Circle Sets Up Shop In Paris
Tuesday, March 21, 2023 - 11:35am | 584Stablecoin giant Circle Internet Financial Ltd. is set to establish its European headquarters in Paris, citing the favorable cryptocurrency environment created by President Emmanuel Macron’s government as instrumental in the decision. Circle CEO, Jeremy Allaire, stated in an interview...
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Riding The Bitcoin Rollercoaster: Investors Launch $100M Fund Amid Industry Chaos
Thursday, March 16, 2023 - 7:08pm | 436A group of investors is seeking to raise $100 million for a Bitcoin (CRYPTO: BTC)-focused fund, despite the ongoing challenges faced by the cryptocurrency industry. What Happened: The Bitcoin Opportunity Fund targets high-net-worth investors who wish to diversify into Bitcoin and invest in...
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Want To Trade Bitcoin, Ethereum And Dogecoin? You Might Have To Take A Test To Trade In This Country
Wednesday, October 26, 2022 - 12:43pm | 643Singapore may soon require retail investors to pass an assessment and refrain from using leverage or credit while trading in cryptocurrencies. This was proposed as part of a series of strict measures from the Monetary Authority of Singapore (MAS) to raise citizens' awareness of the...