ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners. This fundraiser highlights the increasing growth and renewed optimism in the crypto investment sector. ParaFi Capital, founded in 2018 by Ben Forman, has been a significant player
August 29, 2024 2 mins read
Kaia, the new Layer-1 blockchain from Kakao and LINE, is officially launching its mainnet on August 29 at 10 p.m. Eastern Time. This launch combines the strengths of two Asian messenger platforms Kakao and LINE. Kakao’s messenger app is immensely popular in South Korea, with 96% of the population using
August 29, 2024 2 mins read
The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
August 29, 2024 2 mins read
India is taking significant steps toward enhancing cross-border payment efficiency by proposing a plug-and-play system for Central Bank Digital Currencies (CBDCs). Shaktikanta Das, Reserve Bank of India (RBI) Governor, emphasized the importance of interoperability in cross-border payments. Recently, Das highlighted that interoperability should be a key design element to maximize
August 28, 2024 2 mins read
Bitwise Asset Management has announced its intention to acquire the Osprey Bitcoin Trust (OBTC) within the Bitcoin exchange-traded fund (ETF) market. This acquisition, revealed in a press release on Tuesday, will see Bitwise integrate Osprey’s $120 million in assets into its own Bitwise BTC ETF (BITB). As part of the
August 28, 2024 2 mins read
On August 28, 2024, Japan’s largest cryptocurrency-themed event, the WebX Conference, opened its doors in Tokyo, drawing attention from all around the world. This global Web3 conference, organized by CoinPost, Japan’s leading cryptocurrency, and Web3 media outlet, attracted 180 exhibiting companies, 250 speakers, and over 130 media partners. It has
August 28, 2024 2 mins read
The integration of Flare with Polyhedra’s zkBridge DVN has been approved by the Polyhedra community. With the help of this integration, Flare developers will be able to use LayerZero to create secure and efficient cross-chain apps while still taking use of ZK proofs’ cryptographic guarantees. One of LayerZero’s Decentralized Verifier Networks (DVNs) is zkBridge,
August 28, 2024 2 mins read
An elite group of ethical hackers has formed a “SEAL” team dedicated to aiding defenses in the crypto space. Since its inception in August 2023, the Security Alliance team, led by renowned white hat hacker and Paradigm researcher Samczsun, has completed over 900 hack-related investigations. The SEAL team’s efforts are
August 27, 2024 2 mins read
BlackRock’s iShares Bitcoin Trust ETF (IBIT) has witnessed a significant surge in inflows, marking its highest daily net inflow in 35 days. On August 26, IBIT recorded a $224.1M net inflow as investors took advantage of BTC’s brief slip under $64K. This marks the most substantial inflow since July 22.
August 27, 2024 1 min read
Base, the Layer 2 blockchain network nurtured by Coinbase, has recently surpassed 1 million daily active addresses. This marks a substantial increase in user engagement with the network growth of about 71% in the past 30 days. On Aug 24, Base recorded, 1.05 million active addresses and 1.03 million the
August 27, 2024 2 mins read