Category Archive: Cryptocurrency, No picture
Bitcoin potential upside muted by hedge funds shorting futures, Glassnode reports
Despite the impressive flows registered by spot Bitcoin exchange-traded funds (ETFs) in the US have seen impressive inflows, the expected positive impact on the market prices is being hindered by a strategy called “cash-and-carry.” According to on-chain analysis firm Glassnode, investors are longing Bitcoin through US Spot ETFs and shorting the asset via futures traded […]
Tether to invest $1 billion in startups until 2025, says Paolo Ardoino
Tether is set to channel over $1 billion into various deals within the coming year, as revealed by CEO Paolo Ardoino in a Bloomberg interview. Through its venture arm called Tether Investments, the company will focus on alternative financial infrastructure, artificial intelligence (AI), and biotech. Notably, Ardoino revealed that Tether Investments’ team is already actively […]
SushiSwap dissolves DAO, repositions as Sushi Labs with new council structure
Decentralized exchange SushiSwap has rebranded as Sushi Labs, an autonomous company replacing the protocol’s decentralized autonomous organization (DAO), although the SushiSwap name will still be used for its DEX-focused operations.In a bid to address slowing growth and liquidity issues, SushiSwap has introduced a new business model under the name Sushi Labs. The revamp replaces the […]
zkSync airdrop under fire for Sybil attacks and ineligibility cases
The long-awaited layer-2 blockchain zkSync airdrop checker was revealed today, with 17.5% of the token supply destined for 695,000 wallets. Despite the significant supply allocation, nearly 90% of all addresses that interacted with the blockchain got out of the reward distribution, sparking backlash from part of the crypto community on how Matter Labs fought against […]
Fetch.ai, SingularityNET, and Ocean Protocol reschedule token merger for July 15
The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, has announced a new date for their anticipated token merger. The event, initially set for June 13, is now slated for July 15, according to a press release shared by the team.The merger’s preparation involves complex integrations and coordination with various […]
MicroStrategy shares surge 134% and outpaces Bitcoin in 2024
MicroStrategy’s stock has experienced a remarkable 132% increase this year, outpacing Bitcoin (BTC) and other companies with BTC exposure, as reported by research firm Kaiko. The surge is partially due to a short squeeze and is particularly significant in light of the new spot Bitcoin exchange-traded funds (ETFs) in the US, which provide an easy […]
TRON DAO announces HackaTRON Season 6 qualifiers
Geneva, Switzerland, June 11, 2024 – With HackaTRON Season 6 coming to a close, the TRON DAO team, alongside HTX DAO, BitTorrent Chain (BTTC), and JustLend DAO hosted a series of innovations that has taken the blockchain landscape by storm. This season, participants redefined the digital landscape across multiple tracks. Web3, DeFi, Artistry, Builder, and […]
EU report claims Bitcoin Lightning Network and other layer 2 solutions are open to criminal abuse
A new EU report argues that Bitcoin’s Lightning Network and other layer 2 solutions could enable criminals to obscure illicit transactions.The First Report on Encryption by the EU Innovation Hub for Internal Security singles out the Lightning Network, arguing that its “two-party multisignature payment channels will not broadcast all transactions to the blockchain, but only […]
Metaplanet’s shares soar 10% after new Bitcoin investment
Shares of Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, have surged 9.88% after the company announced its third Bitcoin acquisition, according to data from Google Finance.Metaplanet’s shares jump after its third Bitcoin purchaseMetaplanet said Monday it had added 23.351 Bitcoin (BTC), worth around 250 million yen […]
ZKSync to airdrop 17.5% of ZK token supply to 695K wallets
ZKSync, an Ethereum-based Layer 2 network developed by Matter Labs, is gearing up for its highly anticipated ZK token airdrop. According to the distribution plan released Tuesday, 17.5% of the total 21 billion ZK token supply will be airdropped to users starting next week.The ZK airdrop is set to be the largest token distribution among […]
