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…
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…
A novel method that combines artificial intelligence (ai) and underwater acoustics has surfaced in an attempt to protect marine life in British Columbian waters. This novel ai-driven conservation approach attempts to lessen the threat that ship collisions provide to whales by placing a network of underwater microphones, or hydrophones, along a two-kilometer section of Boundary…
BlackRock just beefed up its Bitcoin ETF (exchange-traded fund) lineup with heavyweights from Wall Street stepping into the ring. The latest roster features the likes of ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities. This move represents a strategic pivot in the way Bitcoin ETFs are perceived and operated within…
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…
A substantial modification within the decentralized finance (DeFi) system is when SushiSwap, an influential decentralized exchange (DEX), proposed a governance one to-be-done that might reshape its auspices and operations. The plan, which is authored by Jiro – a SushiSwap developer, offers a fairly fundamental change in the allocation of the treasury assets, i.e. the transfer…
Paraguay is laying down the law against crypto miners who’ve been having a field day tapping into its electrical grid like it’s an all-you-can-eat buffet. Lawmakers in Paraguay are done watching from the sidelines and have proposed a bill that’s basically a giant stop sign aimed at crypto mining and everything that comes with it….
Japan’s news/articles/2024-04-04/japan-s-households-continue-to-cut-spending-as-inflation-weighs?srnd=homepage-africa” rel=”nofollow noopener” target=”_blank”>economy is seeing some pretty wild twists and turns, making for an intriguing, but kinda nerve-wracking, story. For starters, the average household in Japan has been tightening the purse strings, and no, not out of a newfound passion for frugality, but because inflating prices are putting a damper on their shopping…
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…
uniswap has hit a remarkable milestone figure of above $2 trillion in terms of its all-time trading volume. According to data compiled by the platform’s strategy and operations lead Zach Wong and tracked on Dune Analytics, the decentralized exchange (DEX) hit the milestone figure at 11:55 am UTC. Notably, the firm is hitting the milestone…
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…
Cryptocurrency exchange Binance has announced measures that will be taken against users with accounts on its Exchange Link program. According to the support/announcement/binance-exchange-link-mandatory-identity-verification-kyc-requirements-801c97aa0b07474387487149b13cc8bf” rel=”nofollow noopener” target=”_blank”>announcement, Binance has mandated users of sub-accounts to ensure prompt completion of their mandatory Know Your Customer (KYC). The exchange noted that only users who have complied with the directive…
Ethena Labs has stirred the pot yet again, rolling out the red carpet for Bitcoin in its USDe symphony. This isn’t just any regular update; it’s a seismic shift aimed at pumping the synthetic dollar-pegged USDe into a new realm of possibilities. The boys at Ethena aren’t playing small; they’re looking to scale their $2-billion…
George Town, Cayman Islands, April 5th, 2024, Chainwire SimpleSwap is a user-friendly exchange platform, designed specifically to make crypto trading smooth and hassle-free. This service has been on the market for more than 5 years now and it continues to surprise its customers with clear and profitable crypto solutions. One of such tools is the…
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…
Destiny Tech100 Holdings Inc, a new fund, reported making a significant profit, further established by the fact that even a single day of listing on the New York Stock Exchange (NYSE) had delivered tremendous returns. There was a huge bull market, as big as 800%, which was the marketcap at its all-time high. The same…
Buckle up, because Zimbabwe’s going for a wild ride down Gold Lane, ditching the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>US dollar like it’s out of fashion. Under President Emmerson Mnangagwa’s regime, this southern African gem is shaking up its monetary system yet again. This time, they’re pulling a bold move by introducing a new gold-backed currency….
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…
The financial world is spinning, folks, and it’s spinning fast, especially around Bitcoin. Wall Street, the big guy on the block, is now bitcoin-holdings/” rel=”nofollow noopener” target=”_blank”>eyeing Bitcoin miners like the last slice of pizza at a party. Why? Because they want a piece of the action, and they want it directly from the source….
In a significant financial boost aimed at accelerating advancements in artificial intelligence (ai), Aerospike, a leading provider of NoSQL database management systems, has successfully closed a $109 million investment round. This substantial infusion of growth capital, led by Sumeru Equity Partners, marks a pivotal moment for Aerospike. The company intends to leverage these funds to…
