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blockchain gaming revenue rose in May as investment soar to $476 million

0xMain
June 10, 2023

Blockchain, Gaming, Hacking, investment, million, revenue, Rose, soar

A DappRadar report reveals that revenue in blockchain gaming rose in May. Despite a slight slip in dominance, the industry witnessed a 6% month-to-month increase in unique active wallets (UAW). Gaming continued to command a significant share of on-chain activity. The rise of...

US investment bank Cowen shuts crypto trading unit

0xMain
June 1, 2023

Bank, Cowen, Crypto, Hacking, investment, shuts, trading, unit

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cowen Inc. has indefinitely suspended its digital assets trading unit. The bank’s digital asset service exposed institutional investors to 16 cryptocurrencies, including bitcoin (BTC) and ether (ETH). Cowen Inc.,...

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Temasek reduces compensation for staff responsible for botched FTX investment

0xMain
May 29, 2023

botched, compensation, FTX, Hacking, investment, reduces, responsible, staff, Temasek

Singapore-based investment firm, Temasek Holdings, has cut down the compensation of its executives responsible for the failed investment in the now-bankrupt crypto exchange, FTX. Temasek disappointed in failed FTX investment Lim Boon Heng, the chairman of Temasek Holdings, said the firm would reduce compensation for...

Analyst urges investment in bitcoin and treasuries, warns of US bank risks

0xMain
May 21, 2023

analyst, Bank, Bitcoin, Hacking, investment, risks, treasuries, urges, warns

In his latest interview on Stansberry Research with Daniela Cambone, Macro Guru Hugh Hendry, expanded his views on the U.S. banking system amid the uncertainty surrounding the financial sector. Specifically, he urged people to consider bitcoin (BTC) as part of their investment. US bank...

Tether shifts investment focus to Bitcoin

0xMain
May 17, 2023

Bitcoin, focus, Hacking, investment, shifts, Tether

Tether International Limited (Tether), the manager of the popular stablecoin, has unveiled a new investment strategy for its reserves portfolio. The company will allocate a portion of its net realized operating profits, up to 15%, towards acquiring bitcoin (BTC) on a regular basis....

Soluna stock rises after Navitas makes $14m investment

0xMain
May 15, 2023

14m, Hacking, investment, Navitas, rises, Soluna, stock

Crypto mining data center Soluna Holdings (SLNH) shares experienced a significant 12.25% increase on May 15 as it announced a $14 million funding agreement with Navitas Global, which is earmarked for the completion of Project Dorothy 1B in Texas. This infusion of funds...

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Exploring PoolLotto. Finance’s technology and investment potential in 2023

0xMain
May 13, 2023

Exploring, Finances, Hacking, investment, PoolLotto, potential, Technology

With the online gambling world evolving, numerous popular crypto lottery sites have emerged. But here’s the catch. Most are limited to lottery or provide very few investment assets for users. Pool Lotto Finance describes itself as an invention in the crypto-lottery world. The...

SEC faces criticism from five investment firms over custody rule proposal

0xMain
May 10, 2023

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Bain Capital Crypto and other prominent investment firms voice concerns over the proposed SEC custody rule change. Representatives from Bain Capital Crypto, Electric Capital, Haun Ventures, Dragonfly Digital and Ribbit Capital have joined other industry voices in opposing the Securities and Exchange Commission’s...

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Gensler marks cryptocurrencies as ‘investment contracts’

0xMain
April 28, 2023

contracts, cryptocurrencies, Gensler, Hacking, investment, marks

SEC Chair Gary Gensler‘s recent remarks on digital currencies have ignited a firestorm within the crypto community. Intermediaries for investment contracts are required to comply with securities laws & register with @SECGov. Instead, many crypto platforms are contending that their investment contracts are...