Looking at the growing popularity of the metaverse, a Chinese city named Nanjing which is the capital of the eastern Jiangsu province of China has launched a metaverse project which is fully backed by the government to encourage advancements in the area of the metaverse and also for research purposes. Metaverse- A Good Business Opportunity NUIST (Nanjing University of Information …
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The two most popular crypto exchanges in the world, Gemini and Coinbase have finally announced the launch of their offshore crypto derivative platforms. However, these platforms are not available to the citizens of the United States because of the recent disputes of various exchanges most particularly Coinbase’s with the US regulator. Gemini Foundation Goes Live Gemini announced yesterday that their …
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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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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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Metalpha, a Hong Kong-based cryptocurrency wealth manager has managed to secure $20M out of the proposed $100M from overseas investors in China. Metalpha is looking forward to investing in Bitcoin and other crypto platforms of Grayscale, a major crypto asset manager in the United States. Metalpha to partner with NextGen The upcoming investment project of Metalpha will be launched in …
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