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Nexon Bags $100 Million in Bitcoin; Inner Mongolia Crypto Mining Exodus
Online gaming giant Nexon added 1,717 Bitcoins worth $100 million USD into its corporate treasury, stamping the largest crypto purchase from a Tokyo Stock Exchange-listed firm. In China, the deadline for crypto miners to wrap up businesses in Inner Mongolia is inching closer. Could Europe and the United States present greener pastures?
Who Will Win the Race to Offer Crypto Services?
Securrency Chief Strategy Officer Patrick Campos on banks investing in the company and the larger implications for big banks and financial institutions racing to offer crypto services.
Bitcoin: Spent Output Age Bands
Bitcoin’s recent volatility has shaken out short-term traders, but long-term holders appear to remain unmoved. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Iran Central Bank to Allow Money Changers, Banks to Pay for Imports Using Mined Crypto
The Central Bank of Iran is now allowing its banks to interact with cryptocurrencies and say mined crypto can pay for imports. “The Hash” panel discusses Iran’s changing crypto stance and the pros and cons of issuing central bank digital currencies (CBDCs).
Tesla Sold Some Bitcoin for Big Profit in Q1 and Crypto Critics Pounce
Elon Musk’s Tesla sold some of its bitcoin in the first quarter for $272 million in proceeds, $101M of profit. The move garnered mixed reactions from analysts and retail investors. “The Hash” panel discusses the sale and its larger implications for the crypto market.
US Bank Quietly Emerges as a Crypto Player
Minneapolis-based U.S. Bank, part of U.S. Bancorp, the fifth-largest bank in America, announced it would offer a new cryptocurrency custody product. “The Hash” panel digs into U.S. Bank taking a big step into the bitcoin business and why it might be worth watching.
Golden State Warriors Become First NBA Team to Issue NFT Set
The Golden State Warriors have launched a non-fungible token (NFT) collection on the OpenSea marketplace, becoming the first U.S. professional sports team to issue official NFTs. “The Hash” panel suggests the pros as well as the potential risks of buying into the digital collectibles market.
Binance To Launch NFT Marketplace in June
Cryptocurrency exchange Binance said it plans to launch a non-fungible token (NFT) marketplace in June. ”The Hash” panel reacts.
OKCoin CEO Hong Fang Shares What It Is Like to Be a Woman in Crypto
The crypto industry is still largely male-dominated, but OKCoin CEO Hong Fang is breaking barriers as one of the only female CEOs in the crypto sphere. Fang joins "First Mover" to share her thoughts on being a woman in crypto and the abrupt departure of Catherine Coley from Binance US. Plus, what makes OKCoin separate from its China-based partner OKX.
Binance Dives Into NFTs; South Korea’s FSC Checks Staff for Crypto Trading
The world’s biggest cryptocurrency exchange Binance announced the upcoming launch of its own NFT marketplace this June. The platform will support Binance Smart Chain and Ethereum, hoping to expand its ecosystem to other blockchains such as Tron, Flow and Wax. Over in South Korea, the Financial Services Commission warned its employees to disclose personal crypto investments.
