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December 1, 2021

HSBC takes on fintechs with UK investing feature aimed at younger clients

HSBC takes on fintechs with UK investing feature aimed at younger clients

LONDON — HSBC is going head-to-head with fintech challengers in the wealth management space, launching a new investing feature aimed at a younger clientele in the U.K. The British bank said Wednesday it was rolling out a tool on its mobile app that lets people invest in a range of ready-made funds. Customers will need to invest […]

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Ethereum Market Cap Is Less Than 50% Away From Flipping Bitcoin — ETH Nears All-Time Price High

Ethereum Market Cap Is Less Than 50% Away From Flipping Bitcoin — ETH Nears All-Time Price High

The second-largest cryptocurrency in terms of market capitalization, ethereum, has come awfully close to reaching the digital asset’s all-time high ($4,878) it reached 21 days ago on November 10. While bitcoin dominance has slid below the 40% zone, ethereum’s market dominance, or $557 billion market valuation, represents close to 20% of the crypto economy. Ethereum’s

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The Metaverse is a T opportunity after users increase 10x: Grayscale report

The Metaverse is a $1T opportunity after users increase 10x: Grayscale report

According to a new report from Grayscale, the rate of active metaverse users increased 10x between the start of 2020 and June 2021. Crypto investment giant Grayscale has published a bullish report on metaverses, estimating that the “market opportunity” for bringing the metaverse to the mainstream may be worth over $1 trillion in the next

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South Korea Plans to Suspend Crypto Taxation Until 2023

South Korea Plans to Suspend Crypto Taxation Until 2023

Crypto investors in South Korea might have a sigh of relief because the government intends to suspend the taxation until 2023, given that it would have been heavier than other investments like stocks. Crypto taxation has been a burning issue in the nation since its parliament brought up a bill in 2020. The South Korean Ministry of

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Blockchain Security Firm CertiK Raises M at Nearly B Valuation

Blockchain Security Firm CertiK Raises $80M at Nearly $1B Valuation

Sequoia Capital China led the round with participation from Tiger Global and other investors. Blockchain cybersecurity company CertiK has raised $80 million in a Series B2 funding round led by Sequoia Capital China that pushed its valuation to nearly $1 billion, the company announced in a blog post. The round marks CertiK’s third round of funding

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SOFTBANK-BACKED BRAZILIAN BITCOIN EXCHANGE RAISES  MILLION IN EXTENSION ROUND

SOFTBANK-BACKED BRAZILIAN BITCOIN EXCHANGE RAISES $50 MILLION IN EXTENSION ROUND

2TM, the owner of Mercado Bitcoin, had captured $200 million in July and is now valued at about $2.15 billion. 2TM, the owner of Brazil’s biggest bitcoin exchange, Mercado Bitcoin, has raised $50 million in an extension round. Now valued at $2.15 billion, the group had captured $200 million in July from SoftBank Group Corp.

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