TSMC becomes first Asian company to reach $1T as AI demand surges
The company is now worth more than Broadcom and closing in on Meta.
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Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. There are a lot of narratives to keep an eye on as China enjoyed a relatively quiet week on the regulatory front and markets…

Flipstarter Campaign Launched to Create Viral BCH Videos for Normies
A crowdfunding campaign raised more than $50,000 in the first two days toward the creation of viral videos promoting Bitcoin Cash. Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the…

‘DeFi will outperform Bitcoin in next five years’, says Pantera Capital CEO Dan Morehead
According to Pantera Capital CEO Dan Morehad, DeFi has more chances to grow 100X in the next five years than Bitcoin. Dan Morehead, CEO and founder at investment firm Pantera Capital, is convinced that DeFi will outperform Bitcoin in the next five years. In a recent interview with Cointelegraph, Morehead pointed out that despite the poor…

Maersk, IBM Launch Blockchain Shipping Supply Chain Platform
IBM and Danish transport and logistics giant Maersk have launched their global blockchain-enabled shipping solution, according to an official press release today, August 9. The new jointly developed blockchain solution revealed 94 organizations involved and 154 million shipping events already captured. The global supply chain platform has been dubbed ‘TradeLens,’ and its dataset is reportedly…

Why institutions suddenly give a damn about Bitcoin
Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A separate survey, conducted by crypto asset insurance company Evertas, shared that respondents believe hedge…

Ethereum eyes 40% gains as ETH price fractal approaches final phase
ETH price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.

HashCash Consultants to Launch ‘Corona Fund Index Cryptocurrency’
HashCash Consultants plans to release the latest crypto asset promising profit potential amid the atrophying global economy and coronavirus catastrophe.On March 23, HashCash announced its upcoming “Corona Fund Index Cryptocurrency” (CFIX), which promises traders the opportunity to “earn profits even during corona-crisis induced bear market.”The press release describes the cryptocurrency as being inversely correlated to…

Western Union Makes Takeover Offer for MoneyGram
According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram. 1518 Total views 47 Total shares Western Union might be purchasing cross-border payments company MoneyGram.According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the…