At last month’s Consensus 2023, CoinDesk hosted two invitation-only Investor Manager Roundtables, one designed specifically for institutional investors (35 pensions, single family offices, sovereign wealth funds, and endowments and foundations) and the other for asset allocators (50 fund of funds, asset managers, and pension consultants). Source
With the creation of digital assets, crypto exchanges, and digital gambling, bitcoin (BTC) has emerged as a leader in online gambling. The crypto asset has transformed the gambling industry by providing players with the exceptional experience of crypto casinos. Bitcoin casinos are specialized platforms that offer a tailored gambling experience designed explicitly for users of the most valuable cryptocurrency. With a wide range of games, fair gaming mechanisms, and incentives such as bonuses,VIP programs and 5 deposit casinos for UK players, bitcoin casinos have become a thriving part of the…
Shutterstock will acquire Giphy from Meta for $53 million in cash, complying with the UK regulator’s order to divest the animated-images platform due to competition concerns. Shutterstock, an American provider of stock photography, footage, music, and editing tools, has announced the acquisition of Giphy Inc, the popular animated image platform owned by Meta Platforms Inc. According to the statement, Shutterstock is acquiring Giphy at an incredible discounted price of $53 million, as Meta had paid $400 million for the platform in 2020. The purchase is being carried out in response…
It’s crypto winter and a time for building, as innovative new open-source projects on Polkadot and Cosmos can attest. Source
The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam. Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular blockchains like Polygon, ImmutableX, BNB Chain and Solana during this period. According to a Dune dashboard by BRC-20 token standard creator Domo, BRC-20 token transactions accounted for the majority…
New York, along with Texas, has become a hotspot for that debate, and Greenidge has become an unlikely poster child. Though other mining facilities, such as Riot Platforms’ center outside of Austin, Texas, have played bigger roles in the bitcoin mining debate, Greenidge occupies a prominent spot in discussions in Albany (New York’s capital city) and Washington, D.C. Original
On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs. As told by developers, the ChatGPT plugin is available for download from GitHub and will “make it easier to understand Solana data and protocols, or surface data about Solana’s computing infrastructure and DeFi projects.” Current functions for the plugin include purchasing nonfungible tokens (NFTs), transferring tokens, inspecting transactions, interpreting public account data and finding NFT collections by…
Stablecoins anchor their price to an external asset, usually to a government-issued fiat currency, and allow cheaper and faster transactions using blockchain technology. Despite its growing adoption in developing countries, U.S. dollar-denominated stablecoins dominate the market, representing roughly 99% of the combined supply, according to CoinGecko data. Source
The fund flows Reuters described in Tuesday’s report “indicate a lack of internal controls to ensure customer funds were clearly identifiable and segregated from company revenues,” according to three former U.S. regulators cited in the article, who also said the “commingling” obscured the whereabouts of customer funds. Source
“The uncertainty and conservatism inhibits deal-making in the short term, much of which is to pilot, test and improve banks’ experience and understanding of this market in a controlled manner,” Sahir Akbar, managing director of prudential regulation at lobby group the Association for Financial Markets in Europe (AFME), said of the commission’s plans in a statement emailed to CryptoX. Source accessBanksCapitalCommissionseasilyLeakedPlansStablecoins CryptoX Portal