Mubadala Investment Company, a state-owned sovereign wealth fund of the United Arab Emirates, is looking to invest in the crypto ecosystem. In an interview with CNBC, CEO Khaldoon Al Mubarak revealed that he was no longer a skeptic of cryptocurrencies, and that the industry was officially “real.” “First of all, I think it’s real. I […]
Florida Governor Ron DeSantis has made a set of proposals that include allowing businesses to pay fees in crypto. A new budget proposal suggests $700,000 to promote a crypto-friendly Florida. Including a $200,000 allocation to the Department of Financial Services to give businesses in the state the ability to pay directly via crypto. “$200,000 for […]
One of the most unpleasant surprises new and fast-growing eCommerce companies face is how quickly they run out of cash. There are a few culprits here that cause a company with record sales sales to quickly become cash starved: Financing Purchase Orders: The biggest drain on cash is having to front funds for for purchase […]
2021 saw the rise of the non-fungible token (NFT) market, making NFTs one of the most talked-about topics for the proverbial office cooler-chitchat crowd around the world. The burgeoning amount of money associated with it, spearheaded by the Beeple sale at Christie’s, makes it one of the fastest-rising assets during a time when the COVID […]
I last looked in detail at IR Futures volume in February 2021, so in this blog I will update the Average Daily Volume (ADV) and Open Interest (OI) of the major IR futures: Money Market and Bond Futures AUD, BRL, CAD, CHF, EUR, GBP, JPY and USD Relative size by ADV and OI on a […]
Binance, the world’s largest crypto exchange, has partnered with gaming software firm Animoca Brands to launch a $200 million fund to invest in the metaverse. As part of Binance Smart Chain’s $1 billion Growth Fund, each company will put forth $100 million to target early stage blockchain-based gaming projects on the BSC. “Gaming is one […]
BitMart suffered from a large-scale security breach. According to the cryptocurrency trading platform’s CEO, hackers were able to withdraw assets valued at up...