Former Square, Coinbase execs raise $58M for Bridge stablecoin network
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards. Go to Source
Month: August 2024
ETH restaking surge driven by a decrease in annual staking rates — P2P.org
Artemiy Parshakov, the head of staking at P2P.org, said that the fierce competition among service providers in staking had driven the adoption of restaking. Go to Source
Parafi Capital Secures $120 Million for Investing in Crypto Funds
The New York-based digital asset manager, Parafi Capital, has secured $120 million to invest in general partner stakes of crypto funds. These funds focus on specific market segments, strategies, or geographic locations. With this funding, Parafi Capital aims to build a portfolio of 30-50 general partner stakes in crypto funds. Parafi Capital Prioritizes General Partner … Read more
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and retail media … Read more
JPMorgan Executive Sees Big Future for India’s CBDC Initiative
Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant advancement for Indian payments, positioning them as the next step in the evolution … Read more
BlackRock’s Bitcoin ETF registers second-ever outflow of $13.5M
BlackRock’s Bitcoin ETF has faced its second-ever day of outflows as the price of Bitcoin dipped below $59,000. Go to Source
Altcoin season hasn’t arrived because everyone jumped ‘straight to the punchline’
A crypto analyst says that we haven’t seen this altcoin season because traders keep buying memecoins too early. Go to Source
Chiliz blockchain and ‘Google of South Korea’ partner on crypto wallet
South Korean internet search giant Naver is launching a non-custodial crypto wallet, adding the Chiliz blockchain as its first. Go to Source
Economist Steve Hanke: Research Finds Crypto Owners Are Psychopaths
Economist Steve Hanke cited a University of Toronto study that links cryptocurrency ownership to traits of the “Dark Tetrad,” including psychopathy, narcissism, Machiavellianism, and sadism. According to the research, crypto owners exhibit psychopathic tendencies, he explained. Study Links Crypto Ownership to Psychopathic Traits Economist Steve Hanke highlighted research from the University of Toronto this week, … Read more
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate. Go to Source