Li intends to sell sixty percent of his investment in Huobi for one billion dollars. Following the publication of the Bloomberg report, the price of HT shares increased by over 25 percent, reaching $5.43. The potential buyers reportedly include Justin Sun and Sam Bankman-Fried of FTX. Leon Li, the founder of the leading cryptocurrency exchange … Read more
A rollout of an official digital version of the ruble is scheduled to take place over the next few years, and the Bank of Russia is continuing its efforts toward the coming implementation of the central bank digital currency (CBDC). The most recent update to the Bank of Russia’s monetary policy indicates that the regulatory … Read more
In spite of the regulatory obstacles, Sky Mavis, the company that is responsible for the Play-to-Earn (P2E) heavyweight Axie Infinity, is planning to “double down” in South Korea and ramp up acceptance. Jeffrey Zirlin, the co-founder of Sky Mavis and growth lead, on August 9 at Korea Blockchain Week, that despite the fact that the … Read more
On Thursday, blockchain data startup Coherent announced that it had successfully raised $4.5 million in a seed round of funding. A former platform engineer at Coinbase owns coherent. The funding round was collaboratively led by three venture capital (VC) firms that are known for their expertise in investing in seed and early-stage funds. Matchstick Ventures, … Read more