The Fund Location Act (Fondsstandortgesetz) law went into effect on July 1 after the German federal parliament, the Bundestag, cleared it for legislation on April 22. The law could potentially lead to an influx of institutional crypto investors into Germany, which enjoys one of the strongest economies in the eurozone. The law targets the country’s new and existing special funds or Spezialfonds. The new law’s potential impact on crypto space A report by BVI Investments estimates that $2....

The report notes that Bitcoin mining at 188 TW/h accounts for only 0.38% of the global 50,000TW/h energy that goes to waste due to inefficiencies. Elsewhere, compared to the worldwide energy consumption, Bitcoin mining only accounts for a share of 0.12%. Worth noting is that Bitcoin mining has come under sharp criticism from environmentalists over its carbon footprint. After the asset surged to a new all-time high in April this year, the debate on energy consumption accelerated partly contributing to Bitcoin’s drop in value....

It’s worth mentioning though that from the end of December 2021 to the beginning of February 2022, NFTs had a significant increase in both traffic and Google search interest. The daily volume of OpenSea reached a height of around $250 million. However, recent declines in daily volume have brought that figure down to around $70 million, marking a 72% decrease from its high, as per data from research platform Delphi Digital....

Data acquired by Finbold indicates that as of May 28, 2022, the number of addresses with a BTC balance of more than $1 million was 77,936, according to BitInfoCharts.com statistics. Approximately 5,856 of the addresses had a combined balance of approximately $10 million. The remaining 72,080 addresses have a balance of $1 million apiece or more. When employing a web archive tool Wayback Machine, it was determined that the number of addresses BTC with over $1 million worth of Bitcoin are down since pretty much the start of the year by 21....

PayPal’s cryptocurrency venture will also see customers shop using digital assets. A statement by PayPal notes that about 26 million merchants will be using the crypto platform. PayPal added that crypto payments on the platform will be settled through fiat currencies like the U.S dollar. In this case, merchants will not receive payments in virtual coins. According to PayPal, the crypto service aims at pushing for the global use of virtual coins....

About Radix DeFi Protocol Radix is a layer-1 decentralized protocol focusing on DeFi applications. DeFi, which stands for ‘decentralized finance,’ is an emerging blockchain application in which access to financial instruments is democratized, effectively getting rid of intermediaries such as banks. Products such as cryptocurrency loans, savings, and early-stage investments are done in a peer-to-peer (P2P) manner allowing DeFi users to access them without prequalifications, restrictions, and other conventional means. Radix was created in 2017 by its current CTO and Head of Engineering, Dan Hughes, an experienced developer within the blockchain field with a history running from as way back as 2011....

The firm officially terminated its services for beta users from March 15, 2021, an official email from Revolut acquired by BetaKit indicates. The firm that boosts almost 15 million users across its different markets will gradually withdraw various Canadian services. As of March 29, account top-ups will not be available, with physical card ordering ending by April 12. All accounts will no longer be accessible from May 15. Revolut hinted that it might make a comeback to the Canadian market while promising a smooth transition....

The company has promoted Monica Long to the President position after she served as a senior vice president and general manager, Ripple announced in a blog post on January 27. According to the company, Long, who joined in 2013, has been instrumental in helping Ripple attain a strong financial position despite different phases of the crypto market. In her previous role, Long was responsible for steering the company’s product, engineering, partnerships, marketing, and developer relations....

Indeed, in a video of the branch opening published on Ripple’s Twitter page on July 31, the company CEO Brad Garlinghouse described Toronto as a community with “excellent engineering talent” which is why the company chose it as the location for its engineering hub. He added, Ripple will hire 50 new people in its Toronto office by the end of the year, as well as an additional 100 to 200 in the years to follow: Mohit Doshi, a software engineer at Ripple, explained the opportunities offered by the blockchain company:...

This means that native developers will receive a grant which at press time is worth around $790 million. The funds will be dispersed over the following 10 to 20 years, according to the information acquired by Finbold from The Information on March 16. Monica Long, the general manager of the company’s open-source development platform XRP Ledger (XRPL), explained the decision to offer the grant was the result of a rising number of developers creating projects there....

It is worth noting that the United States regulator sued the blockchain company for illegally selling over $1.3 billion worth of XRP tokens. According to the SEC, the tokens were securities during the sale between 2013 and December 2020. At the moment, both parties have filed their final submissions, hinting that the conclusion date might be near. Ahead of the final ruling, defense lawyer James Filan revealed that the SEC had made another submission seeking to seal some documents....

In its December 2020 traffic report published on Tuesday, the airline said that it accommodated nearly 400,000 SAS passengers last month. The number is 18 percent higher than the number of passengers in November. The airline’s load factor, a metric used in the aviation industry that refers to how much of the airline’s passenger carrying capacity is used, is also up by 8 percentage units (p.u.) compared to November. The airline said that the increase in passengers and load factor in December is largely due to higher domestic travel demand during the holiday season....

As she stressed in an interview with Bloomberg Surveillance, published on July 28: Regulators’ tentativeness around crypto Explaining the hesitance of the global regulators to address the crypto market, Peirce said that “it’s just difficult to figure out how it fits into our existing regulatory framework and whether we need to make changes.” However, she also opined that some forces in the U.S. government do not fancy the idea of crypto thriving but that many are coming to terms that crypto isn’t going anywhere: In her interview, the official stated that “there’s real value to allowing people to choose among business models and there are some people in Washington who would like there to be high commissions so that people wouldn’t trade but that seems sort of counterintuitive to me....

Financial results released on February 4 show the company recorded adjusted earnings of $4.85 billion in 2020, reflecting a drop of 70.6% from 2019’s profit of $16.5 billion. For Q4 2020, Shell reported adjusted earnings of $393 million. In an apparent sign of confidence, Shell plans to raise its dividend in the first quarter of 2021 to $0.1735 per share, an increase of 4% from the previous quarter. Shell’s income attributable to shareholders also declined by 237% to a loss of $21....

What’s more, the drop in Square App downloads along with the redesigned Google Pay app has raised investors’ concerns over the sustainability of hyper-growth the payment technology company experienced throughout the pandemic year. Some investors also believe the stunning share price rally of 235% in 2020 has significantly increased its valuations, which could limit the upside potential in 2021. Analyst’s downgrades hit Square stock Several market analysts slashed Square’s stock price ratings last week due to various factors....

Security experts have succeeded in manipulating multiple Tesla cars into accelerating by up to 50 miles per hour. They fooled the car’s MobilEye EyeQ3 camera system by ingeniously altering the speed limit sign on the road in a manner that drivers would seldom notice. That demonstration from McAfee’s cybersecurity firm is the latest indication that extensive machine learning may wreck autonomous driving systems. Thus, it may cause a security challenge for those aiming to commercialize the technology....

In this line, little-known Valkyrie Bitcoin Miners ETF (WGMI) is the best-performing fund in 2023, with gains of over 100% in January, data by Bloomberg indicates. The ETF’s rally is a relief for investors since WGMI lost about 80% in 2022, impacted by the overall market downturn that saw Bitcoin (BTC) lose its value by about 70%. Interestingly, BTC is up almost 40% in 2023. Based on the new year’s performance, WGMI, which stands for ‘We’re Gonna Make It,’ appears to have broken away from the market, considering there is a gap of about 25% points from the next U....

Thoma Bravo is a private equity firm that focuses on the software and technology-enabled services industries. This transaction was approved on December 3, 2019, through a stockholders’ vote. Sophos’ common stock ceased trading on the London Stock Exchange with the completion of this acquisition. Thoma Bravo also released financial data along with this announcement detailing this acquisition. Sophos stockholders now get $7.40 per share in a 168% premium to its IPO share price dated June 2015....

Data provided by dApps insights platform DappRadar indicates that the top 15 NFT sales during Q2 2021 collectively fetched $37.23 million. CryptoPunks was the highest-grossing NFT, selling at $11.88 million. Edward Snowden was sold for the second-highest amount at $5.27 million. Most of the trading activity was witnessed around cheaper NFTs while expensive NFT sales slowed compared to early this year. Notably, trading activity was also impacted by the drop in cryptocurrency prices from mid-April....

Therefore, Finbold looks at the top five cryptocurrencies that have posted the biggest gains on a year-to-date (YTD) basis by triple digits. The digital currencies have been selected based on factors such as the narrative they drive and the strength of the underlying technology. Aptos (APT) Aptos (APT) has maintained a winning streak in 2023, emerging as the biggest gaining cryptocurrency of the year so far. The layer 1 Proof-of-Stake (PoS) blockchain has been buzzing recently thanks to strong community development and support from venture capitalists....