Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN). Source
Investment Firm Lemniscap Raises $70M Fund Targeting Early Stage Web3 Projects
Month: August 2024
WazirX Asks Singapore High Court for 6 Months to Restructure Its Liabilities
The application initiates an automatic moratorium of 30 days. Source
First Mover Americas: TON Blockchain Resumes After 6-Hour Outage
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source link
Institutional Investors Continue to Increase Digital Asset Allocation: Economist Report
“The positioning of digital assets within institutional portfolios has been focused on trading of cryptocurrencies, with bitcoin and ether representing the largest investment avenues,” the report reads. “But institutional investors are exhibiting greater optimism around digital assets, encouraged by the expanding availability of a wider range of investment vehicles that take them beyond just cryptocurrencies.” Source
Hong Kong Markets Authority Opens up its Tokenization Sandbox, HSBC, GSBN and Hashkey Dive in
“The tokenization of the eBL, a critical document underpinning global trade and serving as a means of legally transferring the title of goods, will for the first time pave way to the securitization of global physical shipping flows,” GSBN said in an emailed statement. Source
Buying Bitcoin Now Like Sub-$10,000 In 2019: Experts
Bitcoin is weaving through a consolidation phase since marking a new all-time high of $73,777 in mid-March. Since then, Bitcoin’s daily closing prices have exhibited significant restraint, never sealing above $71,500 and maintaining a floor above $54,000, though it has seen a major intraday low touching $49,000. This consolidation phase has nudged the Fear and Greed Index towards a cautious “fear” score of 30, revealing an atmosphere of apprehension amongst traders who find themselves frequently whipsawed by the volatile market dynamics. Is $60,000 The New $10,000 For Bitcoin Price? Despite…
Hilbert Capital and Xapo Bank Collaborate to Launch Bitcoin Hedge Fund
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
Cardano Blockchain Heads for ‘Chang Hard Fork,’ Biggest Upgrade in Two Years
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
Could A 96% Surge Be Next?
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,…
Altcoins suffer heavy losses as Bitcoin drops below $59k
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%,…