A huge increase in trading volume occurred in VanEck’s fund less than seven days after the investment manager said it would be reducing the fee it charges for its spot bitcoin ETF. Eric Balchunas, a senior ETF analyst at Bloomberg, went to twitter to share his astonishment at the fund’s
February 21, 2024 1 min read
Nexera Foundation will be the new name of AllianceBlock, the infrastructure platform for decentralized tokenized finance. Conversely, Nexera Finance will lead the way in the coming tokenization era and prioritize business-to-business use cases. In order to meet the demands of institutions and companies, Nexera Finance aims to become a dominant force
February 19, 2024 3 mins read
Trust Wallet, the biggest mobile self-custody wallet on Web3, today announced the public beta test of SWIFT, a Smart Contract Wallet powered by Account Abstraction. In order to be prepared to enroll the next billion consumers in the industry, Trust Wallet is paving the way to better secure and simplify
February 19, 2024 2 mins read
Yuga Labs is rapidly expanding in the NFT sector with strategic moves. The Moonbirds-renowned Proof, a competitor in the non-fungible token creation space, was bought out by the corporation. Yuga Labs CEO Daniel Alegre stated: “As a company committed to championing art, culture, and community on the blockchain, we’re excited
February 18, 2024 1 min read
Creditors of the defunct FTX exchange have taken legal action by suing the law firm managing the bankruptcy case in a class-action lawsuit. Creditors of FTX claimed in a court document dated February 16 that Sullivan & Cromwell, or S&C, “actively” took part in the “FTX Group’s multibillion dollar fraud,”
February 17, 2024 2 mins read
The complexity of solving the mathematical equation connected with a block, which is a measure of Bitcoin’s mining difficulty, surpassed 80 trillion on Friday. With the mining difficulty hitting 81.73 trillion, the network hash rate—which measures the total processing power allocated by miners—rose to 562.81 EH/s, a new all-time high,
February 17, 2024 1 min read
Spot Bitcoin ETF issuers are still at battle over fees, and VanEck has quietly shifted gears by slashing fees. A 5 bps drop in the sponsor fee for VanEck’s spot Bitcoin ETF is detailed in a document the company made with the U.S SEC. Sponsor fees for VanEck’s Bitcoin ETF
February 16, 2024 1 min read
The biggest Spanish telecom company, Telefónica, has joined up with Web3 oracle provider Chainlink to strengthen defenses against SIM swaps, a common way hackers break into systems. Moreover, the two companies’ strategic partnership would “enable the secure connection” of smart contracts with other GSMA Open Gateway APIs, according to Telefónica’s
February 15, 2024 2 mins read
In order to boost development of a multiplayer role-playing game broadened with digital collectibles, Overworld, a game studio that creates high-quality, cross-platform multiplayer role-playing games, concluded a $10 million seed round led by Hashed alongside The Spartan Group, Sanctor Capital, and Galaxy Interactive. Hashkey, Big Brain Holdings, and Foresight Ventures
February 14, 2024 3 mins read
The financial watchdog in the United Kingdom warned 450 businesses in the last quarter of 2023 for unlawfully marketing cryptocurrency and urged those with the authority to do business with them to fulfill their obligations. Oct. 8 marked the beginning of the promotional guidelines set forth by the Financial Conduct
February 14, 2024 1 min read
