Category Archive: Cryptocurrency, No picture
Ripple invests $25 million in pro-crypto campaign for 2024 US elections
Ripple announced today an additional $25 million donation to Fairshake, a super PAC championing pro-crypto candidates in the 2024 elections. This doubles Ripple’s previous $25 million contribution, reinforcing its commitment to a pro-innovation political climate in the US. “Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating […]
Ripple’s institutional DeFi could unlock Bitcoin ETF collateral value: Ripple CTO
During Consensus 2024, Ripple’s Chief Technology Officer David Schwartz discussed the untapped potential of DeFi on the XRP Ledger (XRPL) for institutional use. Schwartz pointed out the current limitations faced by Bitcoin ETF holders when seeking loans, with brokers valuing these assets at zero due to volatility concerns. “You know how much brokers value bitcoin […]
Cathie Wood chooses Bitcoin over Ethereum, ‘Hands Down’
Cathie Wood, ARK Invest CEO, has expressed her strong preference for Bitcoin over Ethereum, stating that Bitcoin is “hands down” her choice for investment, said in a conference at Consensus 2024.Speaking at the event, Wood emphasized the unique qualities of Bitcoin, describing it as a “global monetary system,” a “technology,” and a “new asset class.” […]
Ethereum breaks $1 billion mark in tokenized US Treasuries
Ethereum is now the infrastructure for over $1 billion in tokenized US Treasuries and dominates nearly 71% of the market share in this blockchain industry sector, according to real-world assets (RWA) data platform RWA.xyz. This number is majorly fuelled by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has tokenized over $473 million in US […]
Fetch.ai, SingularityNET, and Ocean Protocol set to finalize token merge on June 13
The ASI Alliance, a new alliance formed by Fetch.ai, SingularityNET (SNET), and Ocean Protocol, is expected to complete its token merger on June 13, 2024, according to a press release shared by the team.The move follows an announcement in March that the three major players united to build an ethical, decentralized AI ecosystem. As part […]
Blocksquare hits $100M tokenized RWA, announces DeFi launchpad
Blocksquare, a real estate asset tokenization protocol, has reached a major milestone. The firm successfully tokenized a diverse portfolio of real estate assets exceeding $100 million. This includes 118 properties across more than 21 countries, including hotels, restaurants, and healthcare facilities.In addition, Blocksquare announced the launch of its DeFi launchpad, Oceanpoint v0.5. According to the […]
BlackRock’s Bitcoin ETF claims top spot after $102 million in inflows
BlackRock’s iShares Bitcoin Trust (IBIT) has officially become the largest Bitcoin fund after recording $102 million in inflows in Tuesday’s trading session, according to data from Farside. Meanwhile, Grayscale Bitcoin Trust (GBTC) saw roughly $105 million in outflows.US Spot Bitcoin ETF Flows (May 28) – Sources: FarsideUS spot Bitcoin ETFs witnessed a net inflow of […]
Hong Kong SFC to conduct compliance checks on crypto firms
The Hong Kong Securities and Futures Commission (SFC) has announced that it will carry out on-site compliance checks on local virtual asset trading platforms (VATPs) that are still in the process of completing their regulatory applications after the June 1 licensing deadline.In a notice issued on May 28, the SFC emphasized that all local crypto […]
ZKasino initiates ETH refund process amid mounting scam allegations
Blockchain-powered gambling platform ZKasino has initiated a 72-hour refund process that would return funds to its investors. The decision comes in a month after the project was accused of operating a $33 million rug pull. Despite the refund process dubbed by the project as a “2-step bridge back process,” some investors remain skeptical about the […]
Humanity Protocol is building a secure, private Web3 identity system with zk-proofs and palm scans: An interview with founder Terence Kwok
Highly secure and accessible, palm recognition offers a great way to verify and manage your identity. Humanity Protocol is making headlines with its idea of leveraging palm biometrics and zk-proofs to build a secure, private, and universally accessible digital identity system.The drive behind this concept is well-intentioned. However, like other biometric methods, user privacy remains […]
