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Day: August 3, 2022

Apple chipmaker TSMC warns Taiwan-China war would make everybody losers

KEY POINTS If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered “not operable,” TSMC Chair Mark Liu said. “The war brings no winners, everybody’s losers,” Liu said. He said an invasion would cause economic turmoil for China, Taiwan and Western countries. If China were to invade Taiwan, the …

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91% of Bitcoin Mined, Remaining less than 1.9m Units to Issue before 2140

The number of Bitcoin is becoming rare as only 9% is left to be mined for the next century, according to data from the Clark Moddy Bitcoin’s dashboard. Per the announcement from Bitcoin Magazine, which firstly published the notification on Twitter on Tuesday local time, the remaining supply of BTC means “only 9% left to …

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Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push

Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division of the club and will allow it to reshape …

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Bitcoin bulls aim for $25K price on Friday’s $510M options expiry

BTC price has been gaining momentum as it nears $24,000, and this week’s options expiry could help bulls profit $200 million. Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the …

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Binance Taps Co-Founder Yi He to Head $7.5B Venture Arm

Binance Labs announced a new $500 million fund in June to invest in Web3 and blockchain projects. Cryptocurrency exchange Binance has appointed co-founder Yi He to oversee its venture capital arm, Binance Labs, two months after it raised $500 million for a new fund focused on Web3 and blockchain investments. Binance Labs, which focuses on early-stage investments, …

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MICHAEL SAYLOR TO CHANGE HIS MICROSTRATEGY ROLE TO FOCUS ON BITCOIN

The current CEO of MicroStrategy will soon become executive chairman to better focus on the company’s Bitcoin strategy. MicroStrategy, the software intelligence firm famously bullish on Bitcoin, announced on Tuesday that its CEO Michael Saylor will step down from his current position to assume the new role of executive chairman, effective on August 8. Phong Le, the …

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The $300 billion meme stock that makes GameStop look like child’s play

KEY POINTS AMTD Digital, a little-known Hong Kong-based fintech company, saw its shares skyrocket 126% on Tuesday alone after experiencing a series of trading halts. The company went public in mid-July, and its stock is up 21,400% to $1,679 apiece from its IPO price of $7.80 in just two weeks. The wild trading is reminiscent …

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Solana NTF Marketplace Magic Eden Is Expanding to Ethereum Blockchain

Leading Solana NFT marketplace Magic Eden, accounting for over 90% of secondary NFT trades on the blockchain network, announced on Tuesday that it is expanding to the Ethereum blockchain. The expansion would enable Magic Eden to integrate Ethereum NFTs into its platform. The company said that such integration would enable it to provide the same “go-to-market” benefits …

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Solana NTF Marketplace Magic Eden Is Expanding to Ethereum Blockchain

Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security. Binance Delists AMP ‘out of an Abundance of Caution’ Binance’s U.S. exchange (Binance US) is taking action to ensure that …

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