Twitter CFO says crypto not worth buying now
Ned Segal, CFO of Twitter, said that investing in cryptocurrencies at this point in time does not make sense. He added that the company is interested in investing in less volatile assets only, like securities. Twitter had recently started a crypto team and wanted to bring services that would allow Bitcoin transfers.
Bitcoin falls more than 4%
Profit booking kicked in and the leading cryptocurrencies, Bitcoin and Ether, suffered a setback. Analysts said that there is no major news that drove BTC and it is just profit booking as it had rallied to an all-time high.
Google search for NFTs spike to record highs
Google’s keyword search data showed that interest in NFTs has increased exponentially among users. This has beaten many of the keywords related to major cryptocurrencies.
Crypto industry to submit written response to Centre
The Standing Committee on Finance discussed the challenges involved in crypto and a consensus was reached that a regulatory mechanism should be put into effect. At the same time, a decision has not yet been made regarding who would take charge of regulation. They have sought a written response from the industry leaders.
Paradigm unveils new $2.5B crypto fund
Crypto investment firm Paradigm has revealed a new $2.5 billion “New Venture Fund” to expand its investment into cryptocurrency companies and protocols. Paradigm co-founders Fred Ahrsam and Matt Huang stated that “the fund and its size are reflective of crypto being the most exciting frontier in technology.”
Nasdaq-Listed Marathon Bitcoin Mining Company to Raise $500 Million in Debt
Marathon Digital Holdings, one of the biggest Bitcoin (BTC) mining firms in the US, is seeking to raise $500 million in debt to acquire BTC and set up some new BTC miners. The company’s stock reached a 6-year high earlier this month, with the company accumulating around $460 million worth of Bitcoin.