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
-
Shandong High Law: Stealing virtual property is recognized as the crime of illegally obtaining computer information system data
In 192, the defendant illegally used the private key of someone else\’s EPK virtual currency wallet, invaded the computer system, and stole a total of 208075.96 EPK virtual currenci
-
MakerDAO Community Approves Comprehensive Set of Rules to Guide Future Operation and Decisions
According to reports, the MakerDAO community approved a comprehensive set of rules on Monday outlining how the $7 billion lending platform Maker will operate and make decisions in
-
Aave announces the launch of Aave V3 on Sepolia test network, steps up its support for the ecosystem
On March 8, Aave announced that it had deployed Aave V3 on the Sepolia test network, expanding its support for the test network community.
Aave has dep…
-
**Polygon zkEVM Main Network Beta Launches with Enhanced Features**
It is reported that the beta version of the main network of Polygon zkEVM has been officially launched. Polygon stated that the beta version of the main network includes features s
-
Bitcoin Mining Company To Sell Shares and Raise Funds for Expansion
According to reports, Bitcoin mining company Stronghold Digital Mining has announced that it has signed a securities purchase agreement with institutional investors and the company
-
Yuanan Set to Launch Three New Trading Pairs
According to the official announcement, Yuanan will launch BNB/USDC, BTC/USDC and ETH/USDC trading pairs at 14:30 Beijing time on March 12. Coin security will launch BNB USDC, BTC USDC and ETH USDC trading pairs today Analysis based on this information:Yuanan, a prominent cryptocurrency exchange announced the launch of three new trading pairs. The trading pairs include BNB/USDC, BTC/USDC and ETH/USDC, and will be available for trading starting from 14:30 Beijing time on March 12. The announcement is significant as it comes at a time when the demand for USDC has increased significantly. The stablecoin market has witnessed tremendous growth in the past few months due to increasing volatility in crypto prices. USDC is a stablecoin pegged to the US dollar, and its stable value offers much-needed relief to traders who are hesitant to hold crypto for longer periods. The addition of new trading pairs to Yuanan’s platform will attract more traders who prefer stablecoins as a safe haven during market…
-
What coins can T9 mining machine dig (t1 mining machine)
<img src='https://img.doulai.com/pic/enpic.php?k=What currency can a T9 mining machine dig? Imgalt=What currency can a T9 mining machine dig? Images} What currency can a T9 mining machine dig? What currency can a T9 mining machine dig? At present, the mainstream models of T9 series mining machines on the market are M30S and A11 series. These mining machines all use the latest generation of ASIC chips in Bitmain, which can effectively speed up the GPU to mine Bitcoin and other Cryptocurrency, reducing the demand for electricity to a certain extent. At the same time, due to the low power consumption, high efficiency and other characteristics of the T9 machine (such as the CPU requiring more than 7G of power to generate), many manufacturers are considering using this type of price to increase their computing power. (BlockBeats) t1 Mining MachineRecently, Li Siwei, the product manager of t1 Mining Machine, said in an interview: “I am using T1 mining equipment. Currently, there are many mining…
-
NovaWulf Digital Asset Investment Company Plans to Take Over All Assets of Celsius Network
According to reports, NovaWulf, a digital asset investment company, plans to take over all assets of the bankrupt cryptolending platform Celsius Network and transfer the remaining
-
Fetch.ai: FetchBot is now back online
On April 8th, Fetch.ai, a Web3 protocol focused on artificial intelligence, tweeted that FetchBot was back online. Yesterday, FetchBot briefly interrupted due to a return processin
-
Why does the mining pool’s hash rate increase while profits decrease (mining pool has low hash rate)?
Why does the mining pool\’s hash rate increase while profits decrease? Mining is
-
Attackers of DeFi Lending Agreement Sentient Return Stolen Funds
According to reports, on chain data shows that attackers of the DeFi lending agreement Sentient have returned stolen funds for 250 ETHs (approximately $480000). Previously, it was
-
Introduction
On April 9th, it was reported that the AR-IO team is preparing to launch the AR-IO Network and launch the public node Alpha testing platform PNAT, which will serve as the basis for
-
FTX Interim Financial Report: Over $67 Million Spent on Legal Fees
According to reports, according to court documents, FTX released its fourth report in a series of interim financial updates on Friday, showing that FTX had spent a total of $86 mil
-
Table of Contents
According to reports, according to Twitter encrypted KOL ember monitoring, OKX has transferred 720000 OKBs (approximately $32.63 million) to the repurchase destruction address in f
-
Magic Eden Restructures, Parts Ways with 22 Talented Teammates
On February 14, Jack Lu, founder of Magic Eden, the Solana ecological NFT trading platform, tweeted that today is a sad day for Magic Eden. As part of the comp…
-
Helium Foundation Announces New Leadership
On March 1, the Helium Foundation, a decentralized wireless communication network, issued a document announcing the change of leadership. Arman Dezfuli-Arjoman…