Day: December 18, 2023

Improbable Triumph: Metaverse Pioneer Sells Gaming Arm to Keywords for $96.8M

Improbable, a company at the forefront of metaverse technology, has sold its gaming subsidiary MPG to Keywords Studios for $96.8 million. This move is a significant stride in Improbable’s strategy, yielding a substantial return on their initial $38 million investment in 2019. The sale is not just a financial transaction but also represents the company’s […]

Rising from the Digital Ashes: The 55% Surge in Blockchain-Based Private Credit in 2023

The private credit sector in the cryptocurrency industry has experienced a significant resurgence in 2023. The year has seen a 55% increase in loans executed via blockchain technology, recovering from a steep decline experienced in the previous year. Despite the increase, the sector still falls short of its $1.5 billion peak reached in June of […]

The Crypto Super Political Action Commitee Assembles

Several key players within crypto have come together to form a powerful political influence. This coalition includes prominent figures like Coinbase CEO Brian Armstrong and venture capital firm Andreessen Horowitz, along with noted individuals such as Cameron and Tyler Winklevoss. Their aim is to support crypto-friendly candidates in the upcoming 2024 elections, amidst increasing regulatory […]

The Emergence of Bitcoin ETF Advertising Led by Bitwise

The landscape of cryptocurrency advertising is witnessing a significant shift with Bitwise Asset Management spearheading the campaign for Bitcoin ETFs. This change comes at a time when the U.S. is on the cusp of potentially approving a spot bitcoin ETF, an event eagerly anticipated by many in the crypto community. Jonathan Goldsmith’s Involvement Jonathan Goldsmith, […]

Galaxy Digital’s Strategic Expansion in the Cryptocurrency Market

Galaxy Digital, a prominent player in the cryptocurrency financial services sector, is charting a new course under the leadership of Mike Novogratz, a well-known U.S. billionaire. The company’s recent activities showcase a strategic expansion and adaptation in the volatile world of digital currencies. FTX Deal and Asset Management Growth A pivotal moment for Galaxy Digital […]