Hong Kong-based Investment holding company Boyaa Interactive has reported that its board of directors has approved a $5 million budget to purchase cryptocurrencies.
Boyaa Interactive is preparing to buy these crypto coins
The Hong Kong-based company reported today that its board of directors has approved a $5 million crypto investment. According to the details, it plans to buy “Bitcoin and Ethereum” through licensed exchanges “next year.”
In a letter, Boyaa said, “The crypto investment is aimed at assessing the future business order of the administration in the Web3 space. The management is of the opinion that the investment in cryptocurrencies (mainly BTC and ETH) is in the interest of the company and its shareholders as a whole.”
Founded in 2004, Boyaa Interactive is a Hong Kong-based investment holding company. It stands out as the leading developer and operator of online chess, card and puzzle games in China.
/parofix.com/forums/blockchain-technology-and-innovation.386/">Blockchain
-teknolojinin-olanaklarini-degerlendiriyor”>Industry giants are evaluating the possibilities of Blockchain technology
While Boyaa Interactive opted for an investment-oriented cryptocurrency, important investment news emerged this week from giant brands such as Binance, Amazon and Coinbase. First, Binance heralded a $5 million investment in Curve Finance, a hacking victim in July. Coinbase then announced that it would purchase a large amount of RPL from the Rocket Pool team. These investments represent the strategic moves of the stock exchanges towards the sector.
Entered the cryptocurrency Market in PayPal
parofix.com PayPal introduced the stalecoin PayPalUSD, which is backed by short-term bonds, this month. This move has been met with both applause and criticism from crypto players. For those who adapt to the former, the development of PYUSD means greater adoption for the ecosystem.
Bloomberg analyst Jamie Coutts says that the potential consequences of the event have not yet been reflected in the crypto money market. Coutts was one of those who believed, in particular, that Ethereum was not reflected in its current prices. According to Coutts, PayPal’s 435 million users against Ethereum’s one million active addresses means that blockchain still has solid growth potential. This has a positive impact on the value of ETH.
Meanwhile, PYUSD, which was launched just a few days ago, has faced regulatory scrutiny. Notably, according to John Reed Stark, the SEC’s former internet enforcement chief, the Fed had issued a warning about Trading in PayPal’s stablecoin. This development overshadowed PayPal’s crypto move.
parofix.com
Boyaa Interactive is preparing to buy these crypto coins
The Hong Kong-based company reported today that its board of directors has approved a $5 million crypto investment. According to the details, it plans to buy “Bitcoin and Ethereum” through licensed exchanges “next year.”
In a letter, Boyaa said, “The crypto investment is aimed at assessing the future business order of the administration in the Web3 space. The management is of the opinion that the investment in cryptocurrencies (mainly BTC and ETH) is in the interest of the company and its shareholders as a whole.”
Founded in 2004, Boyaa Interactive is a Hong Kong-based investment holding company. It stands out as the leading developer and operator of online chess, card and puzzle games in China.
/parofix.com/forums/blockchain-technology-and-innovation.386/">Blockchain
-teknolojinin-olanaklarini-degerlendiriyor”>Industry giants are evaluating the possibilities of Blockchain technology
While Boyaa Interactive opted for an investment-oriented cryptocurrency, important investment news emerged this week from giant brands such as Binance, Amazon and Coinbase. First, Binance heralded a $5 million investment in Curve Finance, a hacking victim in July. Coinbase then announced that it would purchase a large amount of RPL from the Rocket Pool team. These investments represent the strategic moves of the stock exchanges towards the sector.
In another Development, Phantom has launched a collaboration with Amazon (AWS) for its new crypto game workshop.
Entered the cryptocurrency Market in PayPal
parofix.com PayPal introduced the stalecoin PayPalUSD, which is backed by short-term bonds, this month. This move has been met with both applause and criticism from crypto players. For those who adapt to the former, the development of PYUSD means greater adoption for the ecosystem.
Bloomberg analyst Jamie Coutts says that the potential consequences of the event have not yet been reflected in the crypto money market. Coutts was one of those who believed, in particular, that Ethereum was not reflected in its current prices. According to Coutts, PayPal’s 435 million users against Ethereum’s one million active addresses means that blockchain still has solid growth potential. This has a positive impact on the value of ETH.
Meanwhile, PYUSD, which was launched just a few days ago, has faced regulatory scrutiny. Notably, according to John Reed Stark, the SEC’s former internet enforcement chief, the Fed had issued a warning about Trading in PayPal’s stablecoin. This development overshadowed PayPal’s crypto move.
In the warning, the Fed noted that the payment giant must prove that the stablecoin is safe and sound. The regulator also referred to the Jan. 27 press release to support that ground. Stark’s tweet, adapted from the SEC’s statement, reads:
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