Binance To Reach 1 Billion In Investments By End Of This Year
Despite the long-lasted crypto winter, blockchain developments continue to make headlines almost daily. Similarly, the world’s largest crypto exchange by trading volume, Binance, has spent a considerable fortune on investments and acquisitions and continues to pour money even in worse market situations. Chengpeng Zhao (CZ), the crypto exchange founder, has revealed that there is still […]
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India is seeing explosive growth in crypto investments compared to last year as the $40 billion milestone is crossed. Rapid Growth In Cryptocurrency Compared To Last Year As per a Bloomberg report, Indian investors now hold $40 billion in virtual assets, a massive increase from $200 million a year ago. Traditionally, precious metals like gold […]
In 2021, investments in Singapore’s fintech sector increased by 47% year on year to $3.94 billion. Nearly half of the funds were raised through blockchain and cryptocurrency, with $1.48 billion raised across 82 agreements. Crypto Investments Trump Others In Singapore According to the KPMG Pulse of FinTech H2’21, the country’s transaction value for fintech deals […]
XRP’s price action is somewhat muted, but Binance reserve data is showing a different kind of pressure building under the price movement. The exchange’s XRP balance has fallen from about 3.05 billion tokens to roughly 2.75 billion in less than a year, placing reserves near multi-year lows. The decline in XRP exchange balance is coming […]
Earlier this year, a internationally used forex exchange platform disappeared with over $1 billion in customer funds, all fiat. Secure Investments, led by vanished CEO Michael Sterling, offered years of supposedly authentic trading data for users to peruse themselves before deciding to enter into the agreement. Secure Investments claimed to be able to make 1% a day, not compounded, on customers' investments through forex trading and offered a guarantee baseline return. In all the years of Secure Investments' scam, the only official warning sign came from Panamanian authorities that noted....
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year.
A16z to Double Down on Crypto
A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports. The VC company, which focuses its investments on tech-related companies and has more than $28 billion in assets, is seeking $4.5 billion dollars to invest....