Japanese investment firm Metaplanet has boosted its Bitcoin holdings to over $400 million by purchasing 330 Bitcoins for $28.2 million, averaging $85,605 per Bitcoin. This acquisition raises their total to 4,855 Bitcoins, valued at approximately $414 million, marking them as Asia’s largest and the tenth-largest corporate Bitcoin holder globally. Metaplanet aims to acquire 21,000 Bitcoins ...
Binance, a leading global cryptocurrency exchange, has received a groundbreaking $2 billion investment from MGX, an advanced technology investor based in Abu Dhabi. This marks the largest investment ever made in a crypto company and the first institutional backing for Binance. The funding aims to enhance the adoption of digital assets and strengthen blockchain’s role ...
In 2024, stablecoins, which are digital tokens linked to fiat currencies, are gaining significant traction in the financial sector. As traditional financial firms embrace blockchain technology and with a more supportive U.S. administration likely under Donald Trump, stablecoins are shifting from speculative tools to essential parts of the financial landscape. They’re being used to improve ...
Steve Marshall, the Director of Advisory Services at FinScan, highlighted the key business themes for 2024, which included rising geopolitical tensions and evolving regulations. The U.S. imposed new sanctions on Russia, Iran, and Venezuela, making compliance more crucial for banks, especially after significant fines for inadequate measures. Regulatory focus also shifted to beneficial ownership reporting ...
