Interpretation:
According to reports, Forbes quoted people familiar with the matter as saying that Softbank Group is unlikely to invest in cryptocurrency or other blockchain b…
According to reports, Forbes quoted people familiar with the matter as saying that Softbank Group is unlikely to invest in cryptocurrency or other blockchain businesses before the first half of 2023. People familiar with the matter said that the suspension began sometime last year. A partner of Softbank Group said that we were completely on the sidelines for the rest of this year, perhaps in the first or second quarter.
Insiders: Softbank Group is unlikely to invest in cryptocurrency or other blockchain businesses before the first half of 2023
Interpretation of the news:
Softbank Group is one of the leading Japanese companies that invests in various industries from telecommunications to e-commerce to artificial intelligence. It has also invested in several blockchain companies. However, according to insider reports, Softbank Group has suspended its investment in cryptocurrency or other blockchain businesses until the first half of 2023. This news comes as a surprise to many as Softbank Group was expected to continue investing in this field.
The reason for this suspension is unclear, but sources speculate that this could be due to Softbank Group’s previous investments in cryptocurrency and blockchain that have performed poorly. It is also possible that Softbank Group wants to wait and watch the market trends before investing further.
The partner of Softbank Group stated that they will be sitting on the sidelines for the rest of this year and may possibly continue to do so in the first or second quarter of 2022. This suggests that Softbank Group is not planning to rush into making any investment decisions regarding cryptocurrency or blockchain in the near future.
This news could have a significant impact on the cryptocurrency and blockchain industries. Softbank Group’s investments are known to boost a startup’s credibility and ultimately its valuation. Without Softbank Group’s investment, startups in this field may find it difficult to raise funds from other investors.
Title: Softbank Group Suspends its Investment in Cryptocurrency and Blockchain Businesses Until 2023
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3059/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
PeckShield: About $1.27 million ARB was stolen from 0xbd4E address 9 hours ago
On March 31, PeckShield monitoring showed that nine hours ago, an attacker with an address beginning with 0xbd4E stole 93.3375 ARBs, exchanged them for 713 ETHs (approximately $1.2
-
##Animoca Brands Denies Lowering Fundraising Target Amid Crypto Market Turmoil
On March 25th, Animoca Brands, a Web3 game developer, denied any claim that it had lowered its fundraising target for the Meta Universe Fund by 20% to $800 million amid the turmoil
-
Oak Capital’s Response to Hedge Funds’ Plan to Purchase Silicon Valley Bank Assets
It is reported that a few days ago, it was reported that Oak Capital and other hedge funds planned to purchase the assets of Silicon Valley banks at a discount. Oak Capital responded to the reporter on the evening of March 13, Beijing time, “no comment”. Oak Capital:; Proposed to purchase the assets of Silicon Valley Bank at a discount" No comment on the news Analysis based on this information:The news that Oak Capital and other hedge funds are planning to buy the assets of Silicon Valley banks at a discount has created a stir in the financial market. The move is significant as it indicates that hedge funds are looking to benefit from the current economic crisis due to the COVID-19 pandemic. The purchase of assets at a discounted price could potentially fetch lucrative returns for these funds in the long run. Oak Capital, being one of the key players in the hedge fund industry, has remained quiet about…
-
Tornado Cash developer Alexey Pertsev updated Twitter for the first time after being released
According to reports, Tornado Cash developer Alexey Pertsev updated Twitter for the first time after being released: Sorry, I have temporarily left. What did I miss?
Tornado Cash d -
Lookonchain Monitoring Reveals a Giant Whale’s Actions on Coin An
According to reports, Lookonchain monitoring shows that a giant whale sold all GMX and GNS purchased from Coin An a month ago today. This includes receiving 41302 GMXs (approximate
-
What does blockchain landing mean (industries and fields of blockchain applications)?
What does blockchain landing mean? According to MarsFinance, blockchain landing
-
Ark Invest Purchases Nearly $8.6 Million in Coinbase Stocks
According to reports, Ark Invest, a subsidiary of Cathie Wood, purchased nearly $8.6 million in Coinbase stocks yesterday. Among them, ARK Innovation ETF purchased 122083 Coinbase
-
The Current State of Bitcoin Transactions: 176737 Unconfirmed and Counting
According to reports, according to BTC.com data, there are currently 176737 unconfirmed transactions across the Bitcoin network, with a total network computing power of 340.52 EH/s
-
Yuga Labs launches membership badge to combat phishing links on Twitter
It is reported that Yuga Labs announced that its membership badge function has been launched on Twitter, and all its official brands will be equipped with this…
-
SNX Purchases Signal Confidence in Synthetix Project
According to reports, according to online data analyst ember monitoring, in the past two days, 10 million USDCs were spent to purchase the addresses of 3.4 million SNXs from the Giant Whale. Today, another 5 million USDCs were used through AirSwap’s OTC to purchase 2.02 million SNXs from the Synthetix treasury, with an average price of $2.46. A giant whale has spent 15 million USDCs to purchase SNX in the past three days, with an average price of $2.76 Analysis based on this information:The recent news that 10 million USDC were spent to purchase the addresses of 3.4 million SNXs from a Giant Whale in the past two days signals growing confidence in the Synthetix project. Online data analyst ember monitoring reported that another 5 million USDC have also been used in an OTC purchase of 2.02 million SNXs from the Synthetix treasury at an average price of $2.46. This flurry of purchases is significant because it is indicative of…
-
Proposal for a New Liquid Collateralized Derivative (LSD) Solution for EVM Compatible Chains by StaFi
On April 7th, the DeFi protocol StaFi launched a proposal in the community to launch a new liquid collateralized derivative (LSD) solution for EVM compatible chains. rToken will be
-
Market Sentiment Shifts from Greedy to Neutral
It is reported that today\’s panic and greed index is 53 (yesterday\’s 56), and the rating has changed from greedy to neutral.
Today, the panic and greed…
-
Lens Protocol Renames Optimistic L3 Extension Scheme to Momoka
According to reports, the Web3 social graph protocol Lens Protocol has renamed the Optimistic L3 extension solution Bonsai to Momoka, aiming to expand transaction processing and su
-
Trump Announces Release of Second Series of Trump Digital Trading Cards on Polygon
According to reports, despite recent lawsuits, Donald Trump announced on Tuesday that his NFT series Trump Digital Trading Cards will release Series 2. Although these tokens will b
-
Huobi NFT Market to Shut Down in 2023: Implication of Product Adjustment
According to the news on March 10, Huobi issued the notice of NFT clearance of Huobi. Due to the strategic planning and product adjustment of Cloud Wallet, the…
-
Gray Investment CEO Threatens Lawsuit Against US Regulatory Authorities Over Bitcoin ETF
According to the report, Sonneshein, CEO of Gray Investment, said that if the US regulatory authorities were still unwilling to recognize the legal securities …