Category Archive: Cryptocurrency, No picture
Layer 1 blockchain Story secures $80M in Series B funding led by a16z
Key Takeaways Story’s Series B funding round led by a16z totals $80M. The firm aims to combat IP theft by giving creators control over their intellectual property. Share this article PIP Labs, the software company behind Story Protocol, a Layer 1 blockchain designed for intellectual property management, announced Wednesday it secured $80 million in a […]
IBIT and FBTC rank among top global ETFs by inflows
Key Takeaways BlackRock’s IBIT and Fidelity’s FBTC rank among top 15 global ETFs for inflows in 2024. US spot crypto ETFs represent 1.9% of total global flows, with Bitcoin ETFs outperforming Ethereum ETFs. Share this article Spot crypto exchange-traded funds (ETF) in the US represent nearly 1.9% of the total global flows year-to-date, with BlackRock’s […]
Bitcoin mining firm Bitfarms acquires Stronghold for $125 million in stock deal
Key Takeaways Bitfarms agrees to acquire Stronghold for $125 million in stock amid Riot’s takeover attempt. The acquisition aims to boost Bitfarms’ mining capacity through Stronghold’s power generation assets. Share this article Bitcoin (BTC) mining firm Bitfarms Ltd. has agreed to acquire Stronghold Digital Mining Inc. for approximately $125 million in stock, as reported by […]
5 things to expect from US jobs report data: numbers, warnings, and reactions
Key Takeaways Goldman Sachs warns the upcoming BLS job report might exaggerate economic downturns. The report’s revision could show a monthly job growth decrease, potentially misleading stakeholders. Share this article The upcoming US jobs data may present a somewhat misleading picture, analysts from several financial firms warn. Financial markets, including crypto, brace for potential volatility […]
Tether introduces UAE Dirham-pegged stablecoin
Key Takeaways Tether’s new stablecoin is fully backed by UAE-based liquid reserves. Tether aims to be a pioneer in the UAE’s crypto market by being among the early adopters of the new regulatory framework. Share this article Tether, the issuer of the largest stablecoin in the digital asset sector, announced Wednesday it is developing a […]
Mt. Gox transfers $700M in Bitcoin, barely budges crypto market
Key Takeaways Mt. Gox moved 13,265 BTC, with most going to new cold storage. Bitcoin price remains stable above $59,000 despite the transaction. Share this article Defunct cryptocurrency exchange Mt. Gox has transferred 13,265 Bitcoin worth $784 million, marking its first major on-chain activity since late July.An address associated with Mt. Gox moved 12,000 BTC […]
BlackRock Ethereum ETF surpasses $1B net inflows
Key Takeaways BlackRock’s Ethereum ETF is the first US Ethereum fund to hit $1 billion in inflows. ETHA’s performance is strong but trails behind BlackRock’s Bitcoin ETF achievements. Share this article BlackRock’s iShares Ethereum Trust, also known as ETHA, has become the first US spot Ethereum exchange-traded fund (ETF) to achieve $1 billion in net […]
What is chain abstraction? Here’s how this idea helps simplify blockchain for everyone
Key Takeaways Chain abstraction simplifies managing multiple blockchain networks. It addresses usability issues by unifying user interfaces and transactions. Share this article Chain abstraction here, chain abstraction there. You’ve probably heard it by now when people talk about “Web3 UX” and other such cool-sounding words and ideas. Well, what the heck is it?Formally, chain abstraction […]
Hashdex to launch Solana ETF in Brazil
Key Takeaways Brazil’s securities regulator has approved a Solana-based ETF managed by Hashdex and BTG Pactual. Hashdex previously launched ETFs linked to Bitcoin, Ethereum, and the Nasdaq Crypto Index. Share this article Hashdex, a known player in the crypto asset management space, will launch an exchange-traded fund (ETF) that provides investors with exposure to Solana […]
RFK Jr.’s campaign may drop out to support Trump, says running mate Nicole Shanahan
Key Takeaways Kennedy’s campaign is evaluating a potential endorsement of Trump to avoid splitting votes. Trump has become a pro-crypto candidate, promising to support the industry. Share this article Pro-crypto presidential candidate Robert F. Kennedy Jr.’s campaign is mulling quitting the election bid and joining forces with Donald Trump, said Nicole Shanahan, Kennedy’s running mate, […]
