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62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize
20.5.2024
According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising...
Grayscale CEO Michael Sonnenshein Steps Down, Goldman Sachs Exec to Lead Firm
20.5.2024
Grayscale CEO Michael Sonnenshein is stepping down from having joined the team in 2014 and serving as CEO since 2021, Sonnenshein will be replaced by former Goldman Sachs executive Peter Mintzberg.
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Grayscale CEO Michael Sonnenshein Steps Down
20.5.2024
Sonnenshein's replacement will be Peter Mintzberg, currently head of strategy for asset and wealth manager at Goldman Sachs
BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap
20.5.2024
BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi).
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Bitcoin ETFs are 'orange FOMO poker chips' that siphon on-chain funds back into TradFi
20.5.2024
Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to the macro researcher
How much a $100 early investment in Dogecoin (DOGE) and RCO Finance (RCOF) could yield
19.5.2024
Have you ever wondered what investing $100 in cryptocurrency could yield? With digital currencies now an investment option for more people, the market has continued to attract several players. In particular, Dogecoin (DOGE) and RCO Finance (RCOF) have been making headlines recently, with their...
UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records
19.5.2024
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However...
Makerdao Reveals Ambitious Endgame Plans With 2 New Stablecoins
19.5.2024
Makerdao, a leading decentralized finance (defi) protocol, has revealed new concepts to its Endgame plan, introducing two new stablecoins: newstable and puredai. This strategic initiative aims to replace the existing DAI stablecoin and bolster the Makerdao ecosystem. Maker’s Endgame Plan...
Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’
18.5.2024
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior Bloomberg analyst described this achievement...
Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days
18.5.2024
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after...
Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring
18.5.2024
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6...
Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring
18.5.2024
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6...
Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined
17.5.2024
The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash
Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch
17.5.2024
Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs...
ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June
17.5.2024
Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June
Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients
17.5.2024
Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed
US Bitcoin ETFs See 4 Days of Inflows, Blackrock’s IBIT Nears GBTC’s Reserve Levels
17.5.2024
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth day of inflows, accumulating $257.3 million. Grayscale’s Bitcoin Trust (GBTC) also experienced its fourth day of inflows, gaining $4.6 million during the trading sessions. Spread Between IBIT and GBTC Bitcoin...
Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics
17.5.2024
The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said
Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg
17.5.2024
A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg reports
The Hashgraph Association Partners With Qatar Financial Centre to Launch Digital Assets Venture Studio
17.5.2024
The Hashgraph Association, a Swiss non-profit organization, has partnered with the Qatar Financial Centre (QFC) to launch a $50 million digital assets venture studio. The venture studio aims to support companies in developing regulatory-compliant decentralized finance (defi) solutions. Supporting...