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CMCC Global has Launched a $100 Million Blockchain Fund with a Focus on Asia

CMCC Global has Launched a $100 Million Blockchain Fund with a Focus on Asia

CMCC Global, based in Hong Kong, has taken a bold step forward in the ever-evolving blockchain realm. The venture capital firm has sponsored a 100 million dollar fund especially tailored to Asia in an effort to secure groundbreaking projects and get behind the startups that are coming up with game-changing solutions for the crypto space. With an influx of venture …

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Solana's Remarkable Q1 Growth: DeFi and NFTs Propel the Network Forward

Solana’s Remarkable Q1 Growth: DeFi and NFTs Propel the Network Forward

As the dust settled on a tumultuous 2022, Solana emerged from the storm, showcasing impressive growth during Q1 2023. Driven by a 118% QoQ increase in market cap and an array of ecosystem developments, Solana has re-established itself as a force to be reckoned with in the blockchain space. Recovering from Turbulence: Solana’s Resurgence Solana’s network faced considerable skepticism after …

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Vatican Library Goes High-Tech: Adopts Blockchain and NFTs to Digitize Historical Collection

Vatican Library Goes High-Tech: Adopts Blockchain and NFTs to Digitize Historical Collection

Vatican Library is leveraging blockchain and non-fungible token (NFT) technology to digitize its vast collection of books, manuscripts, and historical documents. In partnership with global technology services provider NTT DATA, the Vatican Library Web3 Support Project aims to make its archives more accessible to the public while ensuring their long-term preservation. Web3 Support Project: Secure and Tamper-Proof The Vatican Library …

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Google Ads Reveals Shocking Data: Cybercriminals Steal $4 Million Through Sophisticated Crypto Phishing URLs

Google Ads Reveals Shocking Data: Cybercriminals Steal $4 Million Through Sophisticated Crypto Phishing URLs

According to data gathered from Google Ads and blockchain analytics, it has come to light that a number of deceitful scammers have managed to steal more than $4 million from phishing websites related to cryptocurrency that were promoted on Google ads searches.  Fishing Scam Reports According to ScamSniffer, a reputable anti-scam service provider in the Web3 community, there has been …

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FTX LedgerX sell

FTX Agrees to Sell its Derivatives Platform LedgerX for $50M

Bankrupt crypto exchange FTX on Tuesday agreed to sell its crypto derivative platform LedgerX to an affiliate of Miami International Holdings INC at a whopping cost of $50M. John Ray, CEO of FTX said that this is their effort to maximize the recovery of their stakeholders by monetising their assets. Hearing on 4th of May The hearing for this matter …

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Saudi Arabia and Wemade Join Forces to Revolutionize the Gaming and Blockchain Industries

Saudi Arabia and Wemade Join Forces to Revolutionize the Gaming and Blockchain Industries

In an effort to expand the Saudi Arabian economy, the government agency MISA has partnered with Wemade, a well-known blockchain gaming platform provider from South Korea.  The primary objective of this collaboration is to boost the growth and development of the gaming and blockchain industries in Saudi Arabia. The agreement, signed by Wemade’s CEO Kwon Jeong-won, and MISA’s CEO Ibrahim …

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TransUnion to Provide Credit Scoring on Public Blockchain Networks

TransUnion to Provide Credit Scoring on Public Blockchain Networks

TransUnion, one of the three major US credit reporting agencies, has announced that it will begin supplying credit scoring to public blockchain networks. This marks a significant step forward for the DeFi industry, which has traditionally struggled with credit scoring due to the difficulty of accessing off-chain credit data. Through a partnership with Spring Labs and Quadrata, TransUnion will deliver …

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In Q1 2023, Tesla, a well-known automotive company under the ownership of Elon Musk, announced a net profit of $2.5 billion. Additionally, the company revealed that it had maintained its Bitcoin investments valued at $321 million during the same period. This news may come as a surprise to some, as Tesla had previously sold off some of its Bitcoin holdings in 2022 due to concerns about the cryptocurrency's environmental impact. https://twitter.com/charliebilello/status/1648793987560484867?s=20 Reasons for these Profits The company's strong financial performance can be primarily attributed to its consistent progress in the electric vehicle market, as well as its expansion into other areas such as solar energy and energy storage. Tesla's resolute stance on retaining its Bitcoin holdings aligns with its unwavering commitment to sustainability. The company has been actively working to reduce its carbon footprint and has set an ambitious goal of achieving carbon neutrality by 2030. By investing in Bitcoin, Tesla is advocating for the establishment of a decentralized financial system that has the potential to reduce dependence on conventional financial institutions, which often face criticism for their environmental implications. Tesla Overall Profit As reported by Reuters on Wednesday, Tesla's first-quarter margin fell short of market estimates due to a series of aggressive price cuts aimed at boosting demand amidst a slowing economy and growing competition. Despite this setback, Tesla remains steadfast in its goal to deliver approximately 1.8 million vehicles in 2023. The company's first-quarter revenue amounted to $23.33 billion, with a net profit of $2.5 billion, which represents a decrease from the previous year's $3.32 billion. In some other recent developments, the value of Bitcoin has fallen below the $30,000 mark and is currently trading at $28,770.83. Despite this decline, Elon Musk has demonstrated steadfast backing for other digital currencies , specifically Dogecoin (DOGE), in his recent public appearances. It is important to mention that Tesla invested $1.5 billion in Bitcoin in 2021 and held 9,700 Bitcoin as of February 2023.

Tesla’s Q1 2023 Report: Maintains $321 Million in Bitcoin Holdings, Achieves $2.5 Billion Net Profit

In Q1 2023, Tesla, a well-known automotive company under the ownership of Elon Musk, announced a net profit of $2.5 billion. Additionally, the company revealed that it had maintained its Bitcoin investments valued at $321 million during the same period. This news may come as a surprise to some, as Tesla had previously sold off some of its Bitcoin holdings …

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Coinbase US SEC

Coinbase to Face Court Battles with U.S SEC: CEO

Coinbase is ready to fight a legal battle with the Securities and Exchange Commission of the United States. CEO of Coinbase, Brian Armstrong told about this in an interview with CNBC on April 18th. Last month, the regulators sent Coinbase a Wells notice, which is often the last step before any charges are filed by the regulators. Armstrong said that …

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Coinbase Partners with UK to Boost Web3 Hub as Treasury Revives Blockchain Taskforce

Coinbase Partners with UK to Boost Web3 Hub as Treasury Revives Blockchain Taskforce

Coinbase, a leading cryptocurrency exchange, has announced its collaboration with the UK government to establish a Web3 hub. Furthermore, the UK Treasury is reviving its blockchain taskforce, which was disbanded in 2018, to provide further support in this endeavor. The Web3 hub is expected to serve as a research and development center for decentralized technologies, including blockchain and cryptocurrencies. The …

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