In a surprising move earlier this year, Binance, the world’s leading crypto exchange, appears to have separated its venture capital and incubation arm, Binance Labs. The announcement, reflected on Binance Labs’ website, clearly states that it now operates independently and is no longer affiliated with the Binance Group. This change, which occurred between February 19
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A group of analysts from the private wealth management firm, Bernstein, have recently reiterated their Bitcoin prediction, stating that the cryptocurrency has a strong potential to reach $150,000 by the year 2025. In a note to clients, analysts Gautam Chhugani and Mahika Sapra expressed their increased confidence in Bitcoin’s exponential surge to new all-time highs
5thScape is not just another virtual reality (VR) and augmented reality (AR) platform. It is a game-changer in the industry, offering a first-of-its-kind crypto-powered experience for users. By integrating crypto tokenization into its platform, 5thScape provides a superior reward system that sets it apart from other VR/AR projects. In the first stage of its presale,
Binance made a significant move when it spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that will no longer be under the group’s purview. This decision was highlighted by Bloomberg in a report on March 15, pointing out that Binance Labs had quietly made this change earlier in the
The world of cryptocurrency is always evolving, with new tokens and projects emerging on a regular basis. One such project that has been gaining attention recently is SPONGE V2. Crypto whales are quickly accumulating this token in anticipation of listings on major exchanges, signaling potential big price moves in the near future. But what exactly
Federal prosecutors are seeking a hefty prison sentence of 40 to 50 years for FTX founder, Sam Bankman-Fried (SBF), who has been convicted of orchestrating a massive financial fraud scheme worth over $8 billion. The sentencing memorandum filed by the US Attorney’s Office for the Southern District of New York sheds light on SBF’s extensive
The Securities and Futures Commission (SFC) of Hong Kong recently issued a public warning about MEXC’s unlicensed operations within its jurisdictions. The SFC highlighted that MEXC, a virtual asset trading platform, has been targeting Hong Kong investors without the necessary license. This has led to MEXC being added to Hong Kong’s list of suspicious virtual
XRP, the digital asset associated with Ripple, has recently experienced a dip in its price, falling to $0.63 according to CoinGecko’s data. This marks a 5.5% decrease in a 24-hour period, as part of the broader market correction that affected many cryptocurrencies. Despite this setback, analysts are optimistic about XRP’s future prospects. According to analysts
The recent crash in the price of Bitcoin has been attributed to a significant decrease in net inflows into Bitcoin Exchange Traded Funds (ETFs). Spot Bitcoin ETFs, which were seeing a steady stream of inflows, suddenly experienced a sharp decline in net inflows over the last few days. This decrease in buying activity by institutions
The recent pushback from Senators Jack Reed and Laphonza Butler against the approval of non-Bitcoin crypto ETFs, particularly focusing on Ethereum, has put a spotlight on the challenges faced by the SEC in regulating these new investment products. The Senators highlighted concerns about the lack of trading volumes and market integrity in cryptocurrencies other than
