Day: June 22, 2023

Circle Resumes Purchases of US Treasury Bills for USDC Reserve

Circle’s reserve fund opted to rotate all its holdings into tri-party repos involving systemically important banks like Goldman Sachs, BNP Paribas, Bank of America, and Royal Bank of Canada. Stablecoin issuer Circle has made a strategic move by resuming the purchase of US Treasury bills as a reserve asset for its USD Coin (USDC) stablecoin. The fund, which is managed by asset management giant BlackRock Inc (NYSE: BLK), plays a crucial role in maintaining the stability and security of Circle’s USDC. As reported by Coindesk, Circle’s Chief Financial Officer Jeremy…

Gods Unchained Launches to 230M Users on Epic Games Store Ahead of Mobile Soft Launch 

According to executive producer, Daniel Paez, Gods Unchained is launching on the Epic Store to significantly expand its gaming audience. The Gods Unchained Web3 digital trading card game from Immutable Games is now available to a wider range of potential players as it launches on the Epic Games Store. Initially released in June 2019, Gods Unchained is a collectible card game where players build card decks and battle other players with their cards. Each card is an NFT tradable on the game’s marketplace on Immutable X, an Ethereum Layer-2 network. Launching on the…

Three Arrows Capital’s Founders Float New VC Fund

Zhu and Davies have announced the launch of 3AC Ventures, which will focus on “superior risk-adjusted returns without leverage”. Co-founders of the bankrupt crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies, have resurfaced with a new venture capital (VC) fund called 3AC Ventures. The new fund aims to invest in projects that contribute to the decentralized future of finance without relying on leverage. The Rise and Fall of a Crypto Star Founded in 2012 by Chu and Davies, Three Arrows Capital began as a foreign exchange arbitrage…

Bitcoin Equities ETF hits Euronext Amsterdam stock exchange

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The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks. French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22, introducing an equities-based approach to investing in the Bitcoin ecosystem. BTC NA is designed to track the Melanion Bitcoin Exposure Index, which is a custom basket of European and American stocks that are closely tied to the market price of BTC. The ETF is compliant to the European Commission’s…

Binance faces scrutiny in Brazil, exec summoned to testify before Congress

Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme Haddad, the director of Binance Brazil, to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of Inquiry (CPI) investigation into alleged pyramid schemes in the country. The June 21 request will be voted on by members of the CPI on June 27.  According to a translation of the Brazilian news outlet Portal do Bitcoin, if the vote is approved, Haddad will be summoned to appear before the Brazilian Chamber of Deputies…

Bitcoin Ordinals NFT sold for $7m as the market recovers

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The global non-fungible token (NFT) sales have plunged significantly since early 2022 when the crypto market entered the bear zone. However, with the current bull run, sales have risen from the ashes, with a $7 million deal in the past 24 hours. According to data provided by CryptoSlam, an uncategorized Ordinal collectible on the Bitcoin network was sold for 232.9 BTC, worth $7.05 million at the time of the transaction — at around 06:00 UTC on…

New Exchange on TradingView; HKEX in New York

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ASIC Heavily Penalizes Securities Firm The Australian financial market regulator, ASIC, has imposed a monetary penalty of AU$333,000 on Morrison Securities Pty Ltd to comply with an infringement notice. The company has already paid the penalty brought by the regulator’s Markets Disciplinary Panel. Announced today (Thursday), the securities firm has violated a section of the ASIC Market Integrity Rules six times that mandate fair and orderly operations. The violations resulted in “significant price variations in the securities that were unreasonable in the circumstances and were not caused by ordinary market…

BitMEX CFO Calls for Crypto Exchanges to Embrace External Liquidity Providers

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In a recent interview, Stephan Lutz, the acting CEO and group CFO at 100x Group, the parent company of BitMEX, shared his perspective on the alleged trading desk shenanigans at Crypto.com. Lutz believes that crypto exchanges that profit from proprietary trading should have phased out internal market making teams by now, stating that it is no longer necessary in the current market. Lutz highlighted that there is now sufficient critical mass in the form of High Frequency Traders (HFTs) and prop shops that can effectively perform the function of liquidity…

5 coding bootcamps for jumpstarting your tech career

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Coding bootcamps offer immersive programs in various fields of technology, providing comprehensive training, hands-on projects and career support to help you succeed in the industry. What is a coding bootcamp? A coding bootcamp is a comprehensive training course that gives students the knowledge and abilities they need to become competent software engineers or programmers. Various programming languages, tools, and technologies are often covered in the concentrated and streamlined curricula these bootcamps offer. Because they provide a more simplified and useful method of learning coding skills, coding bootcamps have become popular…