Metaplanet, a Japanese firm, has announced a $ 70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $ 58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which …
PRESS RELEASE. Singapore, 7 August 2024 – KIP Protocol, the Web3 base layer for AI, announces the unanimous approval of its OCP-12 DAO proposal. This landmark decision allocates $ 10 million to KIP Protocol to reshape education through AI and Web3 technologies. In a strategic collaboration with Open Campus, KIP Protocol aims to impact …
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($ 87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from …
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $ 118 billion, has made a significant move in the cryptocurrency market by investing $ 464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores the growing institutional interest in bitcoin, even amid market …
Coinshares, a digital asset investment firm, has reported a significant $ 528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand …