Day: May 20, 2023

How crypto funds shape the development of the digital asset market

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A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens. Crypto funds can also be categorized based on their investment strategies. For instance, some funds may invest exclusively in Bitcoin, while others may invest in a diverse range of cryptocurrencies or focus…

How to use cloud storage effectively

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Cloud storage has revolutionized the way we store, access and share data. It has evolved into a vital resource for both individuals and companies because of its many benefits, including scalability, accessibility and cost-effectiveness. However, it is crucial to use cloud storage wisely if one wants to fully realize its potential. This article provides some strategies on how to maximize the benefits of cloud storage and improve the user experience. Choose the right cloud storage provider Effective cloud storage usage is essential to making the most of this technology. Choosing…

Could newly released documents tip the balance?

The ongoing case of the Securities and Exchange Commission v Ripple Labs could have a significant impact on the future of cryptocurrency regulations.ย  Ripple first popped up in 2012 with the promise of providing financial institutions and other entities with faster, more affordable clearance of cross-border fund transfers. To that end, Ripple created the XRP Ledger and a cryptocurrency called XRP (XRP) to function as its native coin and facilitate transactions. On Dec. 22, 2020, the SEC sued Ripple, alleging that the firm selling XRP represented an unregistered securities offering.…

BitDAO passes key proposal, to merge with Ethereum layer-2 protocol, Mantle

A proposal to combine the worldโ€™s largest decentralized autonomous organization, BitDAO, with the Ethereum-based layer-2 scaling protocol, Mantle, has been approved. The approval on May 19 sets the stage for BitDAOโ€™s existing products, ecosystem, and native token, BIT, to change its branding to Mantle (MNT). A majority of the BitDAO community approved the measure as part of its BitDAO improvement proposal (BIP)-21. It intends to combine the broader BitDAO ecosystem under the principle of โ€œone brand, one token.โ€ Per the wording of a BIP-21 snapshot shared on Twitter by BitDAO,…

PEPE Investors Targeted by Fake Transactions in New Cryptocurrency Scam

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Reports have emerge of unscrupulous entities resorting to fake transactions to defraud PEPE holders. The fraudulent activities primarily involve using doctored Etherscan screenshots, aiming to create an illusion that the deployer of PEPE is engaged in scam activities. This insidious strategy is intended to sow confusion and mistrust within the PEPE community, leading to potential financial losses. Recently, a Twitter account with the handle @serdegen0x allegedly collected 10 Ethereum (ETH) through a presale of PEPE tokens. However, shortly after the transaction, the tweet related to the presale was deleted, raising…

Bankrupt crypto hedge fund 3ACโ€™s NFT auction fetches $2.5M

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The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capitalโ€™s (3AC) nonfungible tokens (NFT) collection fetchedย $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sothebyโ€™s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1 million. In response to the news, Kyle Davies, co-founder of 3AC, wrote: โ€œNFT grails mooning on Sothebys, WorldCoin scanning millions of eyeballs, Aptos the next Solana 3AC Portfolio is on…

Ledger co-founder addresses ‘Recover’ concerns, says wallet is secure

ร‰ric Larchevรชque, the co-founder and ex-CEO of Ledger, a hardware wallet manufacturer, has spoken out in reaction to the cryptocurrency communityโ€™s widespread criticism of the release of Ledger Recover. Ledger is not flawed despite criticism Ledger Recover allows users of Ledgerโ€™sย hardwareย wallet to back up their secret recovery phrases.ย  Larchevรชque acknowledged that Ledger may have bungled its public relations but stressed that the issues werenโ€™t due to technological flaws. On Reddit, Larchevรชqueย addressedย mounting concerns, adding that Ledger was never meant to be a trustless solution. He said users should trust the hardware…

Strike moves global headquarters to El Salvador, expands bitcoin payments to 65 countries

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Strike, a platform led by Jack Mallers that supports bitcoin (BTC) payments, is expanding to 65 global markets and relocating its global headquarters to El Salvador. The company aims to provide a consumer-friendly money app that offers bitcoin and tether (USDT) transfers, emphasizing its bitcoin-first approach amid regulatory uncertainties in the United States. USDT is a stablecoin pegged to the USD. Strikeโ€™s global expansion and consumer-focused approach Strike claims to offer a seamless onboarding experience and…

US presidential candidate accepts campaign donations in bitcoin

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Environmental lawyer and 2024 Democratic Party (DP) presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has announced that he will accept campaign donations in bitcoin (BTC). This makes it the first presidential campaign in U.S. history to accept bitcoin donations. Kennedy made the announcement while speaking at theย Bitcoin 2023ย conference in Miami. The occasion was also his first public appearance as a presidential contender. ๐ŸšจBTC now accepted as campaign donations? Speaking at the Bitcoin Conference taking place…

Ripple to showcase tokenization with new CBDC platform in Hong Kong

Ripple, a leading crypto solutions company, has announced its participation in the digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program initiated by the Hong Kong Monetary Authority (HKMA). As part of the program, Ripple will showcase a real estate asset tokenization solution and unveil its new CBDC platform. The company will collaborate with Taiwanโ€™s Fubon Bank and other partners to demonstrate equity release using tokenized assets through a retail version of the e-HKD CBDC. Equity release, commonly known as a reverse mortgage, enables homeowners to access…