SBI’s $289 million deal to acquire Bitbank exemplifies ongoing consolidation in Japan’s crypto sector, with implications for market structure and regulation.
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Crypto News
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U.S. Begins Investigating Polymarket, a Test of a Key Regulator
The U.S. authorities have initiated an investigation into Polymarket, a decentralized prediction platform, marking a significant step in regulatory oversight of crypto markets.
Billionaire investor Jeremy Grantham says bitcoin will ‘dwindle away with a whimper’
Billionaire investor Jeremy Grantham forecasts that Bitcoin will gradually disappear, describing it as a fleeting trend. The statement raises questions about the cryptocurrency’s future.
Saylor’s Best Bet May Be to Halt Strategy’s Bitcoin Buying Spree
Michael Saylor’s company might halt its aggressive Bitcoin buying spree amid uncertainties, raising questions about future plans and market impact.
Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT
Meta is building a prediction market app called ‘Arena,’ according to the New York Times, as interest in prediction markets increases in the tech sector.
Here’s Why Micron Shares Fell 13% Tuesday
Micron Technology’s stock fell 13% Tuesday following a warning of weaker-than-expected quarterly earnings, citing slowing demand for memory chips.
Micron’s Stock Keeps Hitting New Highs. Here’s How Much Traders Expect It Could Move After Earnings
Micron’s stock continues reaching record levels amid growing trader optimism about potential future gains after earnings reports.
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
Venture firms Index Ventures and Union Square Ventures have invested in the trading app Fomo, valuing it at $550 million, marking a significant funding round.
Crypto Social Trading Startup Fomo Raises $75 Million at $550 Million Valuation
Fomo, a crypto social trading platform, secures $75 million in funding, valuing the company at $550 million. The funding highlights investor interest in social trading apps.
Former South Lake Tahoe man found guilty of cryptocurrency schemes
A man from South Lake Tahoe has been convicted of running illegal cryptocurrency schemes, marking a significant legal development in crypto fraud cases.