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Genesis issues $6M NFT-backed loan to Meta4 Capital

Genesis Global Capital has completed one of its first purely NFT-backed loans for $6 million to Meta4 Capital, a Miami-based Web3 focused investment management firm. This loan is notable not just for its amount but for solely using nonfungible tokens (NFTs) as collateral instead of including broader liquid collateral. Meta4 operates as an NFT VC

Indian Securities Regulator Urges Mutual Fund Companies To Avoid Investing In Crypto, Until Regulations Set In

On December 28, Ajay Tyagi, the chairman of the Securities and Exchange Board of India (SEBI) encouraged mutual funds to resist investing in crypto-related assets as they wait for the government to consider new cryptocurrency rules. While speaking at a press conference on Tuesday, Ajay advised mutual fund companies to refrain from investing in funds

Ethereum, Cardano and Three Additional Altcoins Are Top Crypto Assets for 2022, According to Analyst Benjamin Cowen

A popular crypto analyst is naming his top altcoin picks as the crypto markets head into a new year. In a new interview with Altcoin Daily, Into the Cryptoverse founder Benjamin Cowen tells the channel’s 1.8 million YouTube subscribers that layer-1 blockchain projects are his primary focus of interest. First and foremost is leading smart

82% Ethereum Holders Still in Profitability Despite Price Slipping Below $4,000

Despite dropping below the psychological price of $4,000, 82% of Ethereum (ETH) holders continue being in profit, according to data by market insight provider IntoTheBlock.  ETH was down by 5.04% in the last seven days to hit $3,712 during intraday trading, according to CoinMarketCap. This year, the second-largest cryptocurrency has made significant strides thanks to

Robinhood Plans to Roll out Beta Version of Crypto Wallet Feature in Jan 2022

Cryptocurrency and stock trading application Robinhood stated that it will start the beta phase of cryptocurrency wallets in mid-January 2022, during which customers on the waiting list will be allowed to deposit and withdraw Bitcoin, Ether, Dogecoin, and other tokens. As reported by Blockchain.News on November 11, Robinhood Markets announced that 1.6 million people are on the

Ethereum Whales Just Splurged Over $1,600,000,000 on One Crypto Asset, Pushing Shiba Inu Out of Biggest Altcoin Position

Ethereum whales are gobbling up a new favorite altcoin, temporarily displacing Shiba Inu (SHIB) as the top alternative digital asset amongst big buyers. Data from whale-surveilling platform WhaleStats indicates the top 1000 largest Ethereum wallets are now holding more than $1.54 billion worth of FTX Token (FTT). The total value of FTT held by whales

Korean Government Reportedly Asks Google and Apple to Remove P2E Gaming Apps

Crackdowns targeting blockchain and cryptocurrency affiliated entities are taking a new twist in South Korea as the government has started blocking play-2-earn (P2E) gaming apps. As reported by local media platform Naver, the government has requested global app marketplace operators such as Google and Apple to block the registration of related apps. According to the