In a surprising move earlier this year, Binance, the world’s leading cryptocurrency exchange, spun off its venture capital and incubation arm, Binance Labs. The website of Binance Labs now clearly states that it operates independently and is no longer part of the Binance Group. This significant development occurred during CEO Richard Teng’s four-month tenure and
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In a surprising move, Binance spun off its venture capital arm, Binance Labs, into an independent entity worth $10 billion. This decision, made by the exchange’s new CEO Richard Teng, marks a significant shift in the company’s organizational structure. The move was highlighted by Bloomberg in a report on March 15, bringing attention to the
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC, a virtual asset trading platform targeting investors in the city. The SFC emphasized that MEXC is not licensed by the commission and therefore is in violation of local laws. According to the SFC, under the
Bitcoin is currently experiencing a downward trend in its price after suffering a significant crash last week. The crash, which saw the price drop below $66,000, has been attributed to a decrease in net inflows into Spot Bitcoin ETFs. Institutions, which have been driving the bull run in recent months, seem to be scaling back
Hong Kong’s Securities and Futures Commission (SFC) recently issued a public warning about Bybit, adding it to the list of suspicious virtual asset trading platforms due to its unlicensed operations. The SFC expressed concerns that Bybit has offered its products to Hong Kong investors without securing the required license to conduct regulated activities in the
In the fast-paced world of cryptocurrencies, investors are always on the lookout for the next big opportunity to make substantial gains. With Dogwifhat (WIF) reaching new all-time highs, some investors are starting to migrate towards a hidden gem in the crypto space – Sponge (SPONGE). While Dogwifhat has seen an impressive 18% pump, the market
As of the latest updates, the crypto market is experiencing a mixed bag of trends. While Bitcoin (BTC) and Ether (ETH) are facing profit-taking due to hot US PPI inflation figures, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are on an upward trajectory. Investors are now evaluating their options to determine the best
As the crypto market continues to witness the surge in meme coins, Satooshi Nakahobo has emerged as the latest sensation with a staggering 600x surge. Launching at 9PM (UTC) on March 12, the token quickly gained traction and skyrocketed by +716,750% in less than 6 hours. Despite a subsequent -73% retracement, Satooshi Nakahobo managed to
MicroStrategy has recently announced plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes on the heels of the company’s sale of $800 million in convertible debt offerings, which was used to purchase approximately 12,000 BTC. The total Bitcoin holdings of MicroStrategy now stand at 205,000 BTC, valued
Bitcoin’s price has once again broken records, with a recent surge pushing it to just below $74,000. This comes after a brief dip below $72,000, showcasing the volatile nature of the cryptocurrency market. Despite a slight retracement following the initial high, Bitcoin has managed to hold steady around $73,000, with a market capitalization close to