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Tidal Finance Introduces Insurance Fund for Covering $1 Million Worth TVL


With an effort to create a safety net in the finance eco-system, Tidal Finance announces its new partnership. Tidal Finance offers a weekly coverage subscription plan to safeguard the OpenSwap that covers the smart contract risk. To ensure the safety of its protocol, OpenSwap is investing over...

Kucoin Labs Launches $100 Million Metaverse Investment Fund


Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include...

IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks


The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation...

Valkyrie Will Launch On-Chain Defi Fund Next Week


Valkyrie Investments, one of the biggest cryptocurrency asset managers, has announced it will launch a so-called on-chain defi fund next week. This new fund would be substantially different than other, similar offerings, due to the location of the assets that will be available to earn yield...

SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns


On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.”...

BSCStation Creates $3million Fund for Decentralized-Metaverse


In order to make the decentralized-metaverse a reality, a $3million fund has been created by the BSCStation. The announcement in this regard has been made by the company recently and this specific fund will be used in encouraging all activities in the ecosystem – right from fundraising...

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