Among the other investors are Jump Crypto, Arrington Capital, the Solana Foundation and Aptos Labs. Source
Borderless Capital Leads Wormhole-Powered $50M Cross-Chain Fund
Day: May 18, 2023
Crypto Wallet Maker Ledger Continues to Defend Recovery System, Vexes Crypto Twitter
While answering queries about the firm’s new wallet recovery service, Ledger Support sent a couple of bizarre tweets which would have done little to assuage its users’ concerns, suggesting that it could make its customers’ assets vulnerable in any way it wanted to, but has (thus far) not done so. Source
Filecoin Labeled as Security, SEC Asks Grayscale to Withdraw Filecoin Trust
The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges. The United States Securities and Exchange Commission (SEC) has tagged Filecoin (FIL) as an unregistered security. As a result, the regulator expects Grayscale Investments its application for Filecoin Trust. According to an update given by Grayscale about the status of the Trust’s registration in a statement on Form 10, a letter was sent to it by the SEC detailing the categorization of FIL. Noteworthy,…
Revolut Launches Business Offering in Australia, Seeking Banking License
Revolut believes that license would help to ensure higher consumer confidence. Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to safeguard a banking license. The London-based company provides a wide range of fiat payment services for customers in Europe and Australia. It also rolls out crypto services like purchasing and selling a specific number of crypto assets that also include Bitcoin. In some particular regions, it also offers access to crypto-staking. In conversation with the CEO of Revolut’s…
Metaverse ETF ‘PUNK’ closing after betting against Meta’s vision
After 15 months and an approximate 30% loss, an exchange-traded fund (ETF) opposing Meta’s perspective on the metaverse is shutting down. Subversive Capital is set to shut down and liquidate its Subversive Metaverse ETF, known by its “PUNK,” ticker, as the company shifts its focus toward artificial intelligence (AI). In January 2022, the PUNK ETF was introduced with the objective of investing in companies that support the infrastructure and applications of the metaverse. However, Mark Zuckerberg’s Meta was notably absent from the list. In its online fund description, Subversive Capital…
ApeCoin DAO Approves Proposal to Boost Bored Ape NFTs, APE Ecosystem Growth
The “Ape Accelerator” aims to engage the ApeCoin community as initiators, voters, and participants. Initiators can submit proposals for projects to be incubated, while voters can use their APE tokens to vote on whether the proposed projects should be launched. Participants will be able to support approved projects by purchasing NFTs and other yet-unspecified tokens. Source
Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023
Less than a year after proof-of-stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin. Stanford University professor David Tsè spoke to Cointelegraph at the 2023 Bitcoin Builders conference in Miami, Florida, about his team’s findings on Bitcoin, PoS, security and energy consumption. Cointelegraph reporter Joe Hall and Stanford University professor David Tsè at Bitcoin Builders 2023. Source: Cointelegraph Tsè facilitates a research lab specializing in blockchain consensus protocols at Stanford University in California. He said…
Pantos Protocol Releases Multichain Token Creator for Developers
The Pantos Protocol is making impressive moves with respect to its plans to go fully functional with usable products. Pantos Protocol, the blockchain network designed by the team behind the BitPanda blockchain, has announced the release of its highly innovative Multichain Token Creator as it seeks to empower developers within its ecosystem. As contained in a press release shared with Coinspeaker, the team said the Multichain Token Creator is ideal for creating cryptocurrencies that can be deployed and function on different networks. The entire idea behind the development of the…
Governor Ron DeSantis Bans Digital Dollar in Florida, Other States Prepare to Emulate Decision
The decision of Governor DeSantis to ban CBDCs in Florida has drawn criticism from some legal experts. Ron DeSantis, Governor of Florida recently signed a bill prohibiting the use of central bank-issued digital currencies (CBDCs) in the state. And now, his move may have set a precedent for other states to follow. For DeSantis and many more like him, a CBDC defeats the aim of decentralization being that it is controlled by a centralized entity – the government. They also argue that through CBDCs, governments may eventually be able to…
Apple to Begin Manufacturing Micro-LED Displays and Lessen Reliance on Samsung
Apple is reportedly getting more involved in producing its own cutting-edge screen displays and could launch the technology in 2025. US tech giant Apple (NASDAQ: AAPL) is intensifying its plans to produce next-generation displays so that it can rely less on Korean rival Samsung. By getting involved in display-making technology, Apple also seeks to increase its own control over the supply of micro-LED screens. Apple’s more involved approach to mass-producing micro-LED displays contrasts with the company’s standard policy of delegating to specialized makers. Usually, the consumer electronics giant provides the screen specifications and…