CryptoX – Cryptocurrency Analysis and News Portal Now a partner at venture fund 1kx, Biggs is a nine-year crypto veteran. She’s bullish on early-stage companies and.a speaker at our Consensus festival. Source The post Diana Biggs: Building Early-Stage Ventures in Web3 appeared first on CryptoX. CryptoX Portal
The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework allowing certain crypto firms to qualify as state-chartered banks. In an April 10 court filing, Wyoming Attorney General Bridget Hill filed a motion to “intervene in the defense” of the state’s regulation of Special Purpose Depository Institutions, or SPDIs. Custodia — called Avanti at the time — was the first financial institution to be approved for a bank charter under the SPDI framework in October…
On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort of Bali. According to Tokeny, investors can own a piece of the hotel starting with a minimum investment of $1,000. Luc Falempin, CEO of Tokeny, commented: “Simple ERC20 tokens and NFTs don’t meet compliance needs. Our technology platform leverages the ERC-3643 token standard to ensure our…
Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows. Source
On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current 6.7 EH/s. Cleanspark Acquires 45,000 Bitmain Antminers for $144.9 Million This year, bitcoin mining firms are once again making large purchases of application-specific integrated circuit (ASIC) bitcoin mining rigs after taking a brief break in 2022. On Tuesday, April 11, 2023, the bitcoin mining…
“We are delighted to be the first company to be awarded this license,” Paolo Ardoino, chief technology officer at Bitfinex, said in the statement. “It will enable Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations as outlined in the new digital asset regulatory regime.” Source
On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment with inflows totaling $57 million last week, bringing inflows back to a net positive position year-to-date. However, despite this, “volumes were low at $970 million for the week,” and the global Bitcoin (BTC) exchange market also saw low volumes, which “were just 25% of the year-to-date average at $18 billion for the week.” According to the report, inflows were primarily driven by investors in the…
The Banque de France has contributed to the discussion of European crypto asset regulation with a close examination of decentralized finance (DeFi) and potential approaches to its regulation. This discussion is timely because of the growing use of tokenization in finance and the introduction of blockchain technology in many economic sectors, the authors said. The paper, written by members of the Fintech-Innovation Hub at the French central bank’s Autorité de contrôle prudentiel et de résolution, noted that the term DeFi hides a range of crypto asset services, technologies and…
Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that the bear market has officially ended, especially considering the fact that BTC price has gained 82% year-to-date. Another interesting note is, Bitcoin’s decoupling from traditional markets has been confirmed, after the S&P 500 index presented…
Summary: Ethereum’s native asset ETH traded around $1900 on Tuesday hours ahead of the Shapella update that developers promise will unlock staked Ether. The update scheduled for April 12 at 11 pm UTC is Ethereum’s most important technological upgrade since the Merge. Bitcoin rose above $30,000 for the first time since June 2022, pushing MicroStrategy’s BTC bet into profits. ETH, crypto’s second-largest token and the biggest altcoin in the market eyed $2,000 ahead of the Ethereum upgrade that developers say will unlock over 16 million staked ETH (stETH) accumulated in…