A new cryptocurrency investment fund called MakerDAO Trust has been unveiled by digital asset manager Grayscale. The fund will invest in a single asset and will be launched via private placement. Other crypto-based trusts have also been launched in a similar vein, exposing investors to the market. As a result,
August 14, 2024 2 mins read
All users in India may now access the URL on the Binance website, since it has been completely restored. Several severe measures were implemented once the exchange encountered regulatory problems in India. But the exchange is now starting to make waves in India’s market, thanks to a slew of fine
August 13, 2024 2 mins read
DBS Bank, Singapore’s largest bank by assets, initiated a pilot project for its new “DBS Treasury Tokens” collaborating with Ant International, a global fintech of Alibaba’s Ant Group. This initiative aims to revolutionize treasury and liquidity management for multinational corporations. The DBS Treasury Tokens, which operate on DBS’s permissioned blockchain,
August 13, 2024 2 mins read
The DeFi Education Fund (DEF) recently settled with True Return Systems LLC (TRS) involving a patent dispute for Decentralized Finance (DeFi) protocols. On Monday, DEF announced that it had purchased a patent from TRS, resolving ongoing lawsuits against MakerDAO and Compound Protocol. The patent, U.S. Patent No. 10,025,797, covers “oracle-like”
August 13, 2024 2 mins read
The announcement of a $1.6 billion investment in Bitcoin City in El Salvador has sparked renewed interest in cryptocurrency. Yilport Holdings, a Turkish firm, would put $1.6 billion into the Acajutla and La Union ports—the latter of which will house the Bitcoin City. Crypto enthusiasts have dubbed the port construction
August 13, 2024 2 mins read
Thailand Securities and Exchange Commission (SEC) disclosed its Digital Asset Regulatory Sandbox. Thailand’s sandbox is aimed at fostering innovation in the cryptocurrency sector to ensure effective regulation. This move highlights Thailand’s commitment to balancing advancements in digital assets and regulatory frameworks. The Digital Asset Regulatory Sandbox provides a controlled environment
August 12, 2024 2 mins read
MicroStrategy, an American business intelligence firm founded in 1989, took a bold leap by adopting Bitcoin as its primary treasury reserve asset. Michael Saylor, former CEO, and one of the co-founders of MicroStrategy, initiated this decision due to the company’s sluggish stock performance over the past years. However, MicroStrategy’s BTC
August 12, 2024 2 mins read
This past week’s financial market selloff is proof that market participants are worried about a US recession. Even if some experts have eased worries about the economy, helping the market as a whole recover. Others are still waiting for further signs before jumping into the investing field. Put another way,
August 9, 2024 2 mins read
A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability. The
August 9, 2024 2 mins read
With the involvement of top blockchain venture capitalists, Layer 2 gaming ecosystem Moonveil has announced the conclusion of a Pre-Series A fundraising round. With this, Moonveil has raised $9 million in total fundraising. Moonveil’s objective of creating a layer 2 ecosystem for web3 gaming will be supported by these fundings. Animoca Ventures,
August 8, 2024 1 min read