Libre, a startup focused on tokenizing financial assets in partnership with Nomura’s Laser Digital, Brevan Howard’s WebN group and private markets giant Hamilton Lane, is adding several digitized funds to the NEAR blockchain, enabling tokenized real-world assets (RWA) to be transferred across multiple blockchains. Source
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […] Original
The executive was taken to hospital; his injuries were not life threatening. Source
Lemniscap is targeting zero-knowledge infrastructure, consumer applications and decentralized physical infrastructure (DePIN). Source
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…
Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it achieve sustainable profitability. Lucky aims to provide accessible consumer credit solutions to underbanked Egyptians. Aligning With Egypt’s Financial Inclusion Agenda […] Source CryptoX Portal
The hackers who plundered $305 million worth of Bitcoin from a Japanese crypto exchange earlier this year are moving their BTC. In May, the Japanese trading platform DMM Bitcoin lost 4,502.9 BTC in what the crypto investigative firm Chainalysis called “the seventh-largest crypto hack ever.” The blockchain security firm PeckShield says wallets associated with the hackers moved roughly 850 BTC worth more than $54 million to six different addresses this week. The cybercriminals, who on-chain sleuths suspect could be linked to the North Korean hacking outfit known as the Lazarus Group,…
The success of stablecoin issuers like Tether, whose USDT is the largest by market cap, and Circle, producer of the No. 2, USDC, have focused attention on the industry and seeded a new crop of dollar-pegged tokens. Those tokens are generally backed by yield-generating reserves, typically U.S. Treasury bills. Source
When asked why Prometheum selected UNI and ARB, Kaplan responded, “Prometheum Capital intends to provide investors access to the top digital assets over time, as well as tokenized assets, debt, equities, [exchange traded funds], mutual funds, options, money market funds and other investment contract products that are issued and transferred on a blockchain.” Source
Blockchain firm Verofax has teamed up with climate tech startup Netgreen to enhance global reforestation efforts. The partnership aims to create a transparent and efficient way for individuals to support tree-planting initiatives. This collaboration will also help track and measure carbon capture, preventing double counting and ensuring compliance with environmental standards. Linking People to Verified […] Source CryptoX Portal