Blockchain Industry Update(Dogecoin, Kevin O’Leary, OpenSea)

This week investigate the new value developments of Bitcoin and other digital forms of money. 

::Bitcoin::

BitDAO raises another $365 Million after Governance Token Launch. BitDAO has just raked in even more liquidity thanks to the successful launch of its governance token BIT on Sushi MISO today.

$400bn Wealth Manager Neuberger Berman green-lights Bitcoin Investments. The company said that up to 5% of its Commodity Strategy Fund can now be invested in Bitcoin products.

Mobile Coin gets a lot of cash in the bank. Mobile Coin has added a whopping $66 million to its financial reserves following its latest funding round.

Celebrity investor Kevin O’Leary aka “Mr. Wonderful” on ABC TV series Shark Tank said recently that institutions are beginning to view Bitcoin and other cryptoassets as digital property.

::Blockchain::

Blockchain security firm CertiK raises another $24 million one month after its Series B.

PolyNetwork offers hacker the position of its Chief Security Advisor.

OKEx to invest $10m in improving GameFi projects. Exchange says it aims to use program support Metaverse development.

::Crypto::

Michael Burry of ‘Big Short’ makes  $31 Million Bet Against Crypto-Friendly ARK Invest. Wall Street shark Michael Burry has taken aim at Cathie Wood’s Ark Invest by betting against the firm’s flagship ETF.

Spain issues warnings against crypto exchanges for not being registered for investment services.

The Future belongs to cryptocurrencies, banks must embrace it. A recent study revealed that 73% of senior executives at financial institutions fear their companies will fall behind in terms of development if they fail to adopt virtual currencies and blockchain technology.

Just 3 dormant addresses are behind 6% of Dogecoin market cap. As the most popular meme token enjoys an influx of new investors, a strong chunk is held by a few.

Crypto’s presence at a popular Wall Street charity event has grown. Paxos, FTX, and BlockFi are among the firms representing crypto at Wall Street Rides Far.

::NFTs::

YouTube’s Head of Gaming says he is bullish on NFTs. He says that NFTs and play-to-earn games are the future.

OpenSea is first NFT marketplace to pass $1 billion in monthly trading volume.

 

Read our previous blogs here.

Credit: Telegram VYSYN – Capital News

 

 

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Mansi Nashte
Articles: 63

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