Industry news — Page: 7

Hubble Protocol, a decentralized finance (DeFi) project, has acquired $10 million in investment in advance of its mainnet debut later this month. Hubble plans to utilize the funds to grow its personnel and extend its DeFi project services.

Microsoft is buying game behemoth Activision Blizzard for $69 billion as part of its gaming and metaverse expansion ambitions.

In premarket trading on Wednesday, SoFi Technologies stock soared after the financial technology firm gained regulatory approval to become a bank holding company.

Google has hired a former PayPal executive to help strengthen Google Pay, which has ambitions to expand into the cryptocurrency market.

Rumors abound that LG CNS, a subsidiary of LG, is assisting Bithumb in developing its NFT marketplace, which is expected to start in 2022.

Five payment companies, including Mastercard, were fined a total of 33 million pounds ($45.01 million) by the UK's payments regulator on Tuesday for cartel behavior involving prepaid cards supplied to vulnerable individuals on welfare assistance.

The Prudential Regulation Authority (PRA), which is part of the Bank of England, fined Standard Chartered $61.51 million on Monday for misreporting its liquidity position to the regulator and deficiencies in its procedures.

WOO Network, a decentralized finance (DeFi) liquidity provider, has secured an extra $12 million in a Series A+ fundraising round headed by Binance Labs, according to a press statement issued by the exchange.

Tether has added three additional Ethereum addresses to its blacklist, totaling $150 million worth of the USDT stablecoin.

Overdraft and non-sufficient funds fees and policies have been overhauled by two banking behemoths.

Bankrate's survey results reveal that nearly 50% of US millennials hold digital currencies. In particular, 49% of Generation Y representatives are comfortable getting crypto, along with 37% of Gen X and 22% of the boomer generation.

The crypto industry is predominantly male, but there are crowds of intellectual and promising women in senior positions. They play active roles in making digital assets more widespread. Let's look at the top 5 women in the cryptocurrency industry.

Bored Apes and CryptoPunks are the only NFT projects that show great results despite the overall drop in the market. It attracts many notable people (for instance, Jordan Belfort bought Punk in October).

Tesla, the electric car manufacturer, plans to sell branded things for Dogecoin, according to the company's CEO, Elon Musk, who announced the plan on Twitter. Following that, the cryptocurrency's stock market value soared by more than 25%.

Andrey Kazantsev, the director of Goldman Sachs' cryptocurrency division, predicts that as more conventional financial institutions begin to dabble in cryptocurrencies, more liquid options markets will emerge. As part of a panel discussion with Kazantsev, CoinDesk discussed his forecasts.

As of now, 24 football clubs in Europe's top 5 leagues have either issued or are preparing to issue their own cryptocurrency for their fans, creating an uncontrolled and speculative market. These are claims made in an interview with BBC News.

Visa has acquired ownership of the Currencycloud cloud computing platform. The British firm offers foreign currency solutions for cross-border payments to financial institutions and fintech enterprises.

This year, Elon Musk will be hit with a huge tax bill, potentially the largest in US history.

In a recent interview with Bloomberg News, Kraken founder and CEO Jesse Powell said that the crypto exchange would create a nonfungible token (NFT) marketplace that will allow customers to borrow dollars against their NFTs.

The cryptocurrency market, specifically Bitcoin, is predicted to grow even more in 2022. Jack Dorsey resigned from his role as Twitter CEO and changed Square's name to Block to focus on developing products centered on Bitcoin.

According to a senior official at Baidu, the Chinese internet giant does not intend to release its XiRang metaverse app anytime soon. However, the program's initial launch was set for Monday.

More than 100 of Singapore's 170 "digital payment token businesses" are said to have failed to secure licenses from the country's financial regulator, the Monetary Authority of Singapore (MAS).

Elon Musk, the CEO of Tesla and SpaceX, expressed his disapproval of the metaverse and Web 3.0 ecosystems, dismissing them as marketing gimmicks.

Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as AnySwap.