AC Milan says the proceeds from the NFT collection will fund the projects undertaken by Fondazione Milan, the clubs’ charity arm. Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange. Proceeds will go to Fondazione Milan, the clubs’ charity arm. The limited-edition […]
Investcorp, a global manager of alternative investment products, has launched the first institutional blockchain fund in the Gulf Cooperation Council (GCC) aimed at propelling a blockchain-powered digital evolution. Dubbed Lydian Lion, the blockchain fund also has a global investment mandate. It will be mainly rolled out to early-stage companies within the blockchain ecosystem in areas like data
Investcorp Rolls out First Institutional Blockchain Fund in the Gulf Read More »
The U.S. Federal Deposit Insurance Corporation (FDIC) has asked thousands of banks and other financial institutions it supervises to declare existing crypto activities and any plans they have to engage in crypto activities in the future. Banks to Disclose Crypto Plans to FDIC The Federal Deposit Insurance Corporation (FDIC), an agency created by Congress to
FDIC Asks Thousands of Banks to Disclose Crypto Plans Read More »
Russians are leaving their country and taking money with them, but crypto hasn’t felt the impact – so far. The political and humanitarian crisis in Europe provoked by the Russian invasion of Ukraine created a massive tide of emigration from both countries. For many migrants and refugees, crypto has become the only tangible way to
Ukraine Crisis Is Not Propelling Crypto Market Activity, Blockchain Data Shows Read More »
As the first domestic lender on South Korean soil, Shinhan Bank has rolled out real-name corporate accounts to enable transactions from cash to crypto-based on its partnership with cryptocurrency exchange Korbit. Local regulations made this venture a reality by allowing bank-partnered and licensed crypto exchanges to render cash-to-crypto services. Furthermore, the passage of the Reporting and Use
The world’s most popular soft drink has made it to the metaverse. Coca-Cola on Monday announced that it is launching a gaming-inspired version of its fizzy pop virtually before it hits shelves in the real world. Coca-Cola Zero Sugar Byte will “bring the flavor of pixels to life”, according to the US drinks giant. Precisely how
Coca-Cola launches virtual drink inside the metaverse and you can try it TODAY Read More »
Albeit the S&P 500 (^GSPC) still can’t seem to get back to the pinnacles it stretched around the turn of the new year, the financial exchange has as of late gotten forward momentum to return quickly from mid-March lows. LPL Financial (LPLA) Chief Market Strategist Ryan Detrick gave some setting encompassing the present status of
Is the Bull Market Back? Something off-the-wall as we look toward Q2 Read More »
Bitcoin (BTC) headed toward $42,000 on April 9 after bulls failed to spark a late-week turnaround. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up 10% weekly red candle Data from Cointelegraph Markets Pro and TradingView showed BTC/USD slowly dissolving support levels in place for several weeks as the weekend began. After multiple tests of $43,000, that area finally
Bitcoin whales fill their bags despite warnings BTC price could fall below $40K Read More »
The stock market is heading into what promises to be a volatile second quarter, but April is traditionally the best month of the year for stocks. The major indices were higher in March, but they turned in a weak performance for the first quarter, the worst since the pandemic. Investors have been worried about rising
As the month begins, markets will be looking for signs from the Fed. Read More »
KEY POINTS Wood said the amount of interest investors are showing in or decentralized finance could threaten the traditional banking world Cryptocurrency was initially created to sidestep old institutions – and banks may finally be feeling themselves get disrupted, Ark Invest CEO Cathie Wood said. Known for her high risk high reward strategy, Wood told
Cathie Wood says banks have a ‘big problem’ thanks to crypto Read More »
