Bitcoin (BTC) now accounts for 65.12% of the $193 million fund. The fund decided to sell its holdings in XRP after Ripple lawsuit. As part of its quarterly rebalance, top cryptocurrency asset management Grayscale has announced that it would now support Polygon (MATIC) in its large-cap cryptocurrency portfolio. In February
October 8, 2022 1 min read
With the change in ownership came a substantial increase in trading volume. Leon Li will no longer have any say in Huobi Global’s day-to-day operations. On Saturday, Huobi Global said that its founder Leon Li has sold a majority of the company to About Capital Management of Hong Kong. Huobi
October 8, 2022 2 mins read
The finance minister of Norway, Trygve Slagsvold Vedum, has proposed that the government do away with a programme that gives crypto data centers a discounted cost on power. The Norwegian government made a proposal on Oct. 6 that might affect Bitcoin miners by making data centers in the nation pay
October 7, 2022 1 min read
It started with a $1 million pilot transaction, and the rest will follow shortly. MakerDAO’s native stablecoin, DAI, will be converted to US dollars. In a Thursday announcement, MakerDAO, the biggest DeFi lending protocol in the world, said it will invest $500 million in US Treasury bonds and investment-grade corporate
October 7, 2022 2 mins read
Many see the takeover as potentially influencing the results of future elections. The Twitter stock soared almost 20%, reaching a new high of $52.06. Concerns were raised among investors when Tesla CEO Elon Musk gave his approval. To go through with the $44 billion takeover of Twitter at $54.20 per
October 6, 2022 2 mins read
The leading and fastest-growing Singaporean fintech startup giving simple access to Decentralized Finance (DeFi), Cake DeFi, has released its newest feature, Ethereum (ETH) Staking, with the additional access to liquidity through a tradable token which can be traded on the open market. Staking may be unlocked in advance of the
October 6, 2022 2 mins read
Only 7 of the 705 MEPs were opposed to the resolution while 47 were missing. Small investors and transactions are also taken into account by the resolution. The European Parliament has approved a plan to use blockchain technology to provide a more robust approach to minimizing instances of tax evasion,
October 5, 2022 1 min read
Celsius froze client withdrawals and later filed for Chapter 11 bankruptcy protections. Mashinsky handed up his resignation a week ago today. On Tuesday, S. Daniel Leon, co-founder of Celsius Network and Chief Strategy Officer, announced his resignation. After previous CEO Alex Mashinsky, he is the most recent executive to leave
October 5, 2022 2 mins read
The average block time for Ethereum has decreased by more than 13%. Ethereum blockchain transitioned away from the power-intensive proof-of-work. It has been discovered that the Ethereum Merge update, which aimed to shift the blockchain to a proof-of-stake (PoS) consensus mechanism, has improved the rate at which new Ethereum blocks
October 3, 2022 1 min read
Quintenz is now an adviser partner at Andreessen Horowitz. Upon leaving the CFTC, he supervised the listing of BTC futures contracts in the U.S. Former CFTC Commissioner Brian Quintenz has acknowledged that the cryptocurrency sector has valid complaints about the Securities and Exchange Commission (SEC). But he does not attribute
October 3, 2022 1 min read
