Bitcoin hashrate surges as miners brace for record-Bitcoin halving hit - Industry News - News

Bitcoin hashrate surges as miners brace for record-Bitcoin halving hit

bitcoin-miners-halving-event-draws-near/” target=”_blank” rel=”noopener”>BTC miners have revealed that they are strengthening their Bitcoin sales before the long-anticipated halving event. Data illustrate that the daily sales have escalated from an average of 100 bitcoins to peak at 1,600 bitcoins in late March, the highest rate since August last year. This is due to the upcoming halving event,…

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Creator of the Fantom blockchain, Andre Cronje, Weighs In on Solana’s Scalability Efforts - Industry News - News

Creator of the Fantom blockchain, Andre Cronje, Weighs In on Solana’s Scalability Efforts

Andre Cronje, the creator of the fantom blockchain, made interesting observations on Solana’s operational issues during the peak of this blockchain chain’s popularity.  To his Twitter account, known as “X,” Cronje shared an official statement countering the growing narrative regarding Solana’s current problems, which had received immense attention from the crypto world on discussion boards. …

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Hong Kong Deputy Secretary says Web3 tech is revolutionary at Carnival opening - African News - News

Hong Kong Deputy Secretary says Web3 tech is revolutionary at Carnival opening

During the opening ceremony of the Web3 Carnival in Hong Kong, Huang Weilun, who serves as the Deputy Secretary of Financial Services and the Treasury of the Hong Kong Special Administrative Region, expressed his belief that Web3 is a revolutionary technology, according to a local report on April 6. He also emphasized Hong Kong’s commitment…

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Genesis sells GBTC Shares for 32,041 Bitcoins Amid bankruptcy - African News - News

Genesis sells GBTC Shares for 32,041 Bitcoins Amid bankruptcy

Genesis, a crypto lending company that went under bankruptcy, has sold its Grayscale Bitcoin Trust (GBTC) shares, and with the proceeds it purchased 32,041 bitcoins, according to a news.bloomberglaw.com/bankruptcy-law/bankrupt-genesis-sold-gbtc-shares-to-acquire-32-041-bitcoin” target=”_blank” rel=”noreferrer noopener nofollow”>Bloomberg report on Friday. Repaying creditors The sale of GBTC shares transaction was completed on April 2, as per the report. Genesis was…

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RootData raises a $1.25 million Seed fund to enable users in web3 ecosystem - Industry News - News

RootData raises a $1.25 million Seed fund to enable users in web3 ecosystem

From the Web3 asset data sector, RootData, a start-up platform, has delivered a pre-seed investment capped at $1.25 million which it considers a significant boost to its operations. The next round also engaged foremost investors deploying NLVC, Boyaa Interactive, Bonfire Union Ventures, and top several names in the sector. The capital is appointed for R&D…

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Monochrome moves Bitcoin ETF bid to Cboe Australia - African News - News

Monochrome moves Bitcoin ETF bid to Cboe Australia

Monochrome Asset Management, a Brisbane-based company, has moved its request for bitcoin-etfs-experience-significant-outflows/” target=”_blank” rel=”noopener”>Bitcoin exchange-traded fund (ETF) licenses to Cboe Australia. The company’s intent was to go public on the Australian Securities Exchange (ASX) by July 2023. The selection of Cboe Australia results from the growing importance of Asia’s investment landscape. Monochrome wants to utilize…

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Ellipsis Labs secures $20 million in Series A funding - African News - News

Ellipsis Labs secures $20 million in Series A funding

Cryptocurrency developer Ellipsis Labs has finalized a Series A funding round, securing $20 million. According to its post on X (formerly Twitter), the investment round was led by Paradigm with additional support from Electric Capital. Other participants include Ethereum Foundation’s Justin Drake and Mike Neuder, Solana co-founder Anatoly Yakovenko, EigenLayer’s Sreeram Kannan, and a few…

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ZA Bank launches banking services for stablecoin issuers - African News - News

ZA Bank launches banking services for stablecoin issuers

In a bid to boost local Web3 adoption, Hong Kong-based ZA Bank has announced that it will offer banking services to issuers of stablecoins. According to its official announcement, the contact banking bank.za.group/en” rel=”nofollow noopener” target=”_blank”>platform said that it will open up security for fiat reserves, which issuers can leverage to back up their digital…

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BlackRock teams up with Wall Street giants for Bitcoin ETF participation - Industry News - News

BlackRock teams up with Wall Street giants for Bitcoin ETF participation

Blackrock, the largestbitcoin-etfs-as-trading-hit-highs/” target=”_blank” rel=”noopener”> ETF issuer in the developed world, has named four major Wall Street banks its authorized participants for its IBTC ETF, making them eligible for block trades. Citi, Citadel, Goldman Sachs, and UBS coming together at once with the spot bitcoin ETFs being the greatest spotlight of this is not a…

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ADA and ATOM tokens ousted from Grayscale funds as Bitcoin dominance surges - Industry News - News

ADA and ATOM tokens ousted from Grayscale funds as Bitcoin dominance surges

Grayscale, the world’s major crypto-focused asset manager, took severe measures in the recent quarterly rebalancing and ejected ADA and atom of Cardano and cosmos from its funds. This decision is a retroactive action following the industry’s underlying factors, such as bad results and a strategic shift among virtual currencies. Grayscale index fund asset allocation changes…

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Prisma Finance Implements Risk Mitigation Efforts for Protocol Revival - Industry News - News

Prisma Finance Implements Risk Mitigation Efforts for Protocol Revival

finance-hacker-apology-stolen-funds/” target=”_blank” rel=”noopener”>Prisma Finance, an exemplary platform for decentralized finance (DeFi), has launched its protocol with DAO’s full backing since its inception. The action was taken after the spotlight on the same platform after obtaining an anomaly of $11.6 million, which resulted in the temporary suspension of operation. Institutionalization is one of the responsibilities given…

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Sony Bank Launches Stablecoin Pilot Project on Polygon Blockchain - African News - News

Sony Bank Launches Stablecoin Pilot Project on Polygon Blockchain

Sony Bank, a banking division of the Japanese entertainment and gaming conglomerate, has begun a pilot to make its own stablecoin linked to fiat currency, Nikkei reported. The experiment is set to occur on the polygon blockchain. Sony’s Stablecoin Experiment on polygon The report statement asserts that Sony is exploring stablecoins to drive the firm’s…

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