Month: August 2024

Xapo Bank teams up with trading firm Hilbert Group to launch $200m Bitcoin fund

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Hilbert Group partners with Xapo Bank to launch a Bitcoin-denominated hedge fund with over $200 million in expected capital. Quantitative investment company Hilbert Group has announced a strategic partnership with crypto-friendly Xapo Bank to manage a new Bitcoin-denominated hedge fund. In an Aug. 27 press release, the Stockholm-headquartered company said that the fund, set to launch in September, is expected to attract over $200 million in initial capital from Xapo Bank and other investors throughout 2024. The idea behind the initiative is to provide corporates, businesses, and professional investors with…

Telegram Under Scrutiny in India, But Ban not Imminent: Reports

“Locally, a Telegram ban will have a lasting negative impact on the business development and marketing of the more than 300 solid web3 projects from India,” said Ayush Ranjan, CEO of Huddle01, a DePIN dedicated to making real-time communication performant. “Millions of Indians are active members…disrupting this communication would also impact the price formation of projects’ tokens. If the ban goes through, people will have to move to other app.” Source

Will History Repeat? What This 3-Year Pattern Mean

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One of the favorite meme coins has again been in the headlines. Recent price action suggests that Dogecoin might probably be bottoming as it sets itself in for what could turn out to be a big bull run. This has market observers looking toward some specific technicals that have signaled price surges in recent weeks. These indicators, marked through green and red lines, are currently penetrating, which raise hopes that the rally could start from the first week of September. Related Reading There are also reasons for optimism stemming from…

Webull UK Launches Exchange-Traded Options and New Savings Features

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Webull UK, a digital investment platform, has announced the launch of options trading for its users. This new feature is designed for sophisticated, active traders who seek to profit from fluctuations in share prices while managing risk. Exchange-Traded Options Launch Options trading on Webull UK offers limited counterparty risk due to exchange trading, reducing the likelihood of price manipulation by a single market maker. This development comes shortly after the introduction of Webull Savings, which allows UK users to access various savings accounts and facilitates the rapid transfer of funds…

Tokenization Pioneer Centrifuge Unveils Real-World Asset (RWA) Lending Market With Morpho, Coinbase

“This RWA market with Morpho aims to give these tokens utility,” Vogelsang said in an interview. “If you hold a Treasury bill and you need a bit of USDC for a couple hours, or days, or whatever, you can have that access without having to go through the complicated process of redeeming it, waiting for the issuers to give you the dollars back and possibly pay fees. So, basically instant liquidity without having to actually redeem the underlying asset that you’re using to borrow.” Source

Telegram Faces Indian Probe Following Durov’s Arrest In France: TON Plummets 20%

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The Indian government has launched an investigation into the social media platform Telegram over concerns that it is being used for criminal activities such as extortion and gambling. The probe follows the arrest of the app’s CEO Pavel Durov in France over the weekend. Telegram Faces Potential Ban In India According to recent reports by Indian media outlets, the investigation is being led by the Indian Cyber Crime Coordination Centre under the Ministry of Home Affairs and the Ministry of Electronics and Information Technology. The report notes that Telegram boasts…