Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments from Xapo Bank and other investors this year. Hilbert Group Partners With Xapo Bank to Launch Bitcoin Hedge Fund Hilbert Group AB, […] Original
CIP-1694 is the Cardano Improvement Proposal at the core of the upgrade, which introduces various governing structures to the Cardano ecosystem including its Constitutional Committee, dReps, and Stake Pool Operators (SPOs.) Once CIP-1694 is implemented, the Cardano blockchain and any changes made to it will be in the hands of these groups. Source
Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data. Related Reading Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains. But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals? On Falling Wedges And Potential Breakouts CryptoAnalystHub,…
On Aug. 28, most altcoins, including Fantom, Sui, FET and Lido DAO, saw double-digit drops, while Bitcoin, the largest crypto asset, dropped 6% over the past day. At the time of writing, Fantom (FTM), a scalable blockchain platform for DeFi, was down 14% in the last 24 hours. In the same timeframe, the daily trading volume of crypto assets hovered around $294 million while its market cap had slumped by 14%, which now stands at $1.219 billion. Sui (SUI), the native token of the Sui blockchain network, also dropped 11.8%,…
In a bold move to reduce its reliance on the U.S. dollar and circumvent the impact of Western sanctions, Russia is set to launch two state-backed cryptocurrency exchanges in Moscow and St. Petersburg. This strategic initiative aims to integrate digital currencies into Russia’s trade settlement processes and promote the use of local currencies like the Russian ruble and Chinese yuan over the U.S. dollar. Introduction of a Yuan-Pegged Stablecoin To further strengthen its position within the BRICS alliance, Russia is also introducing a new stablecoin pegged directly to the Chinese…
Bitcoin mining firm Vortex Brands has begun acquiring MicroStrategy stock as part of a new strategy to leverage its Bitcoin-focused business model and enhance its investment holdings. Crypto mining firm Vortex Brands has initiated a new investment strategy by acquiring shares of MicroStrategy, a move aimed at capitalizing on the company’s Bitcoin-centric approach. With the new strategy, the Bitcoin mining firm purchased an initial 10 shares of MSTR and plans to add “at least that many shares monthly and report holdings quarterly,” an Aug. 28 press release reads. Vortex Brands…
In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky’, a shift aimed at appealing to a wider user base. MakerDAO Reinvents Itself As ‘Sky’ MakerDAO was one of the earliest applications in the DeFi space, allowing users to trade, lend, and borrow digital assets directly without traditional financial intermediaries. As Bloomberg reports, the platform’s success in the early days of crypto earned…
Bitcoin.com, a leader in the cryptocurrency space since 2015, has once again raised the bar by launching an innovative Web3 game in collaboration with Playnance, a Web3 game developer founded in 2020. The new offering, called “Bitcoin Up or Down,” allows users to predict Bitcoin price movements and earn rewards. Players choose to join the […] Original
Australia’s national police agency has warned that Australians lost at least Australian dollars 180 million of cryptocurrency ($122 million) in investment scams in just 12 months, “urging all to be extra aware of the proliferation and sophistication of scams,” an announcement on Wednesday said. Source
Spot Bitcoin exchange-traded funds in the United States have seen net outflows of $127.05 million on Aug. 28 led by ARK 21Shares’ ARKB. Data from SoSoValue indicates that the 12 U.S. spot Bitcoin exchange-traded funds experienced net outflows on Aug. 28, breaking an eight-day streak of positive inflows. During this eight-day period, these funds had attracted $756 million in inflows. On Tuesday, the U.S. spot Bitcoin funds saw net outflows amounting to $127.05 million. Notably, ARK 21Shares’ ARKB led the outflows with $101.97 million in negative flows — its largest…