NFTs will be ‘even bigger’ than they were in 2021 — Animoca’s Yat Siu
Animoca Brands’ Yat Siu told Cointelegraph that NFTs can be considered an investment in one’s reputation, similar to a Picasso artwork.
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Major Fintech and Blockchain Backer SoftBank Expected to Lose $12.5 Billion
SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg.WeWork — $24 billion lossIt seems that Vision Fund is the main culprit of the anticipated loss. SoftBank Group announced that it would lose…

Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ
Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020. This signals that traders owning Bitcoin are not selling their holdings.While the supply is shrinking, demand has been going up in the past few months…

HSBC and Ant Group test tokenized deposits under HKMA sandbox
During the test, HSBC was connected to the blockchain platform developed by Ant Group and supported by Ant Group’s banking partners. 152 Total views 1 Total shares Banking giant Hong Kong and Shanghai Banking Corporation (HSBC) have tested the use of tokenized deposits – from issuance to transfer to redemption – with major Chinese banker

Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens
These developments indicate TFL’s proactive efforts to tackle Terra's challenges and restore trust and stability within the Terra ecosystem.

Tokenized FTX claim is used as collateral for a loan
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan. 197 Total views 1 Total shares A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by an…

South Korean regulator proposes strict new rules for token issuers
The FSC wishes to establish a system that would recover illegally gained funds, dole out criminal punishments, and protect investors from future malfeasance. 236 Total views 3 Total shares South Korea’s Financial Services Commission (FSC) has issued a report outlining its new definition of cryptocurrencies, along with proposed procedures for token issuers and punishments for…

Monthly crypto trading on CEXs hits all-time high in December: CCData
Crypto trading volume on centralized exchanges hit a new record in December, the same month Bitcoin breached $100,000 and clocked a new all-time high.

Ethereum hits new all-time high near $2K as analyst says 2021 bull run is different
Ether (ETH) hit fresh all-time highs and neared $2,000 for the first time on Feb. 18 as momentum returned to trading.ETH/USD 1-day candle chart (Bitstamp). Source: TradingViewETH sets sights on $2,000Data from Cointelegraph Markets and Tradingview showed ETH/USD coming within 4% of the $2,000 barrier on Thursday. After spending much of February trading sideways with…