Day: April 4, 2024

Xterio to Launch Gaming-Oriented Blockchain in Collaboration with AltLayer, aiming for Wider Web3 Gaming Adoption

Singapore, Singapore, April 4th, 2024, Chainwire Xterio, a leading Web3 gaming publisher and platform, and AltLayer, an open and decentralized protocol for launching native and ZK rollup stacks, have announced the launch of a game-focused restaked rollup designed specifically for Web3 games. Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming publisher with top-notch development skills, unparalleled distribution expertise, and over $80M raised in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of over two million users…

Fantom Supply On Exchanges See Drastic Increase, A Cause For Alarm?

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The Fantom (FTM) supply on exchanges has been rising in recent times, leading to speculations for what this might mean for the price of the cryptocurrency. Going by trends in the crypto market of when the exchange balances of a particular coin goes up, there might be some pain ahead for FTM investors. Fantom Supply On Exchanges Rise By 16 Million The Fantom price had increased over the last month to reach a new three-year high above $1.2. However, this rally was only short-lived and the altcoin has begun to…

Credbull’s First Crypto Fund Chases High Fixed Yields

The funds’ high yield targets are partly a function of its on-chain structure, he explained. Doing everything on a blockchain cuts as much as 150 basis points in fees that would otherwise go to administrative costs. In private credit, small- and mid-sized businesses in need of financing get their money from specialized lenders instead of banks. These deals have grown into a $1.7 trillion market, according to Bloomberg, that rivals the banks and caters to tony investor types who are willing to lock their money for years in exchange for…

Galaxy Digital to Raise $100M for New Fund

Galaxy Digital’s venture team has long invested its own money in crypto companies. Now, it’s planning to do that with outside investors’ capital, too. The investments giant is putting together a $100 million fund that will invest in early-stage crypto companies, according to an investor email shared with CoinDesk. Galaxy moved its venture capital franchise into its asset management business in 2023. The Galaxy Ventures Fund I fund aims to invest in as many as 30 startups over the next three years, with checks starting at $1 million. It will…

US Govt Moves $90M In Bitcoin, ETH From Estonian Scammers

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In the early US hours, Arkham Intelligence reported that the United States government had transferred over $90 million worth of Bitcoin and Ethereum, previously seized from two Estonian nationals involved in a vast cryptocurrency fraud and money laundering scheme. This move captured the attention of the cryptocurrency community, just days after the transfer of approximately $2 billion in Bitcoin related to the infamous Silk Road marketplace. Arkham Intel, utilizing its advanced tracking technology, noted that just two hours ago, the US government executed multiple transactions involving the seized digital assets.…

Bitcoin Cash (BCH) Jumps 10% After Halving, Bitcoin Hovers Above $66K

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Nigeria Court Adjourns Binance and Execs’ Tax Evasion Cases: Reports

The matter was adjourned due to the Federal Inland Revenue Service (FIRS) not being able to serve Binance’s Head of Financial Crime Compliance Tigran Gambaryan the charges while he was in custody, the Punch reported. While Gambaryan was detained along with another Binance executive, Nadeem Anjarwalla, in February, the latter has since escaped custody. Gambaryan reportedly appeared in court Thursday. Source