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Spot Bitcoin ETF Applications Face More Delays
11.8.2023
The U.S. Securities and Exchange Commission (SEC) on Friday asked for additional public feedback on a proposal to list a spot bitcoin exchange-traded fund (ETF), likely delaying any decision on the high-profile applications. SEC Seeks Public Opinion on Spot Bitcoin ETF The SEC put out a 34-page...
Coinbase's New Base Blockchain Draws $10 Million Inflows Day After Launch – Here's the Latest
11.8.2023
Base, a new Ethereum layer 2 blockchain that has been developed by crypto exchange Coinbase, saw inflows worth just over $10 million on its first day after launch.
According to data from Dune Analytics, the $10 million were transferred to the network by over the course of 24 hours on Thursday,...
Venture Firm a16z Dives into ZK Technology Research with 'Jolt' and 'Lasso' Projects
11.8.2023
Prominent VC firm Andreessen Horowitz (a16z) has unveiled two open-source software projects focused on zero-knowledge (ZK) proofs.
These projects aim to accelerate the core technology behind ZK proofs, a promising type of cryptography that can help scale blockchains by increasing transaction...
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
11.8.2023
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $26 million worth of the USDC stablecoin....
Binance Labs Supports Curve DAO Token with $5 Million Investment, Plans BNB Chain Deployment
11.8.2023
Crypto exchange Binance’s investment arm, Binance Labs, has announced a $5 million investment in Curve DAO Token (CRV) in a display of support for Curve and decentralized finance (DeFi) at large. ...
Read More: Binance Labs Supports Curve DAO Token with $5 Million Investment, Plans BNB Chain...
DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations
11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.
On July 7, Gemini and its founders, Cameron, and Tyler Winklevoss, filed...
SEC Delays Decision on Ark Invest’s Spot Bitcoin ETF Application, Calls For Public Input
11.8.2023
The US Securities and Exchange Commission (SEC) just delayed a decision on Ark Invest’s spot bitcoin exchange-traded fund (ETF) application by at least eight weeks by calling for a period of public comment.
The agency published an order calling for public input on Ark Invest’s Ark 21Shares Bitcoin...
Worldcoin Extends WLD Reservation Access to Unverified Users
11.8.2023
The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.
The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart...
United States CBDC Debate Goes Mainstream As Post Malone Takes Swipe At “Digital Dollar”
11.8.2023
American rapper, Post Malone has criticized the idea of a potential United States Central Bank Digital Currency (CBDC) describing it as a means of government control.
The celebrity dropped his two cents on the issue on the popular podcast, the “Joe Rogan Experience” where the duo fired shots...
Xverse Secures $5 Million in Seed Funding Round for Bitcoin Web3 Wallet, Led by Jump Crypto
11.8.2023
Yesterday, Hong Kong-based startup Xverse, the provider of a Bitcoin Web3 wallet that supports Ordinals and BRC-20 inscriptions, successfully raised $5 million in a seed funding round led by Jump Crypto.
The company, known for driving mainstream adoption through its user-friendly interface...
FC Barcelona secures $132 investment for blockchain and NFT venture
11.8.2023
The football club has been keen on creating nonfungible token collections for much of the past year
FC Barcelona secures $132M investment for blockchain and NFT venture
11.8.2023
The football club has been keen on creating nonfungible token collections for much of the past year
Californian Regulator Updates Campaign Policy For Cryptocurrency Donations
11.8.2023
The California Fair Political Practices Commission has rolled out fresh disclosure requirements for politicians and political candidates seeking donations in digital assets.
A newly released agenda for the next commission’s meeting shows the latest updates on which political parties are to work...
Dubai-Based Illuminati Capital Raises $50 Million for Web3 and Gaming Investments
11.8.2023
The new Dubai-based crypto venture fund Illuminati Capital has raised $50 million for a fund that aims to invest in early-stage blockchain and Web3 gaming startups.
According to a report from VentureBeat, the hope with the new VC fund is to bring the founders’ experience from the blockchain...
Visa Completes Off-Chain Gas Payments Test Using Visa Cards
11.8.2023
Payment solution giant Visa revealed that it has successfully completed initial tests that allow users to pay their on-chain gas fees directly in fiat money through Visa card payments.
Mustafa Bedawala, a product manager at Visa, unveiled the project, shedding light on a common obstacle faced...
Bitcoin Network’s Inherent Properties Can Be Leveraged to ‘Enhance the Security of PoS Chains’ — Babylon Chain CTO
11.8.2023
Fisher Yu, the co-founder and chief technology officer (CTO) at the bitcoin staking protocol Babylon Chain, has argued that when staking bitcoin, stakers “do not need to trust or give their bitcoins to any third parties.” According to Yu, such an attribute helps to “eliminate...
Latest Bank of Canada Report Highlights Lack of Incentives For Canadians to Adopt CBDC
11.8.2023
Bank of Canada, the country’s de-facto central bank, came up with a recent report that sheds light on the reluctance of the country’s citizens to readily adopt a central bank digital currency (CBDC).
Published Thursday, the report dubbed – ‘Unmet Payment Needs and a CBDC’ – highlights the lack...
Visa explores crypto gas fees payments through cards
11.8.2023
Visa’s innovative solution employs Ethereum's ERC-4337 standard and the "paymaster" smart contract, enabling off-chain gas fee settlement
Visa explores crypto gas fees payments through cards
11.8.2023
Visa’s innovative solution employs Ethereum’s ERC-4337 standard and the “Paymaster” smart contract, enabling off-chain gas fee settlement
Tenet unveils Tenet bridge: LSDs meet Omnichain compatibility!
11.8.2023
In a ground-breaking move, LayerZero, a cutting-edge omnichain interoperability protocol, and Tenet, an innovative Layer-1 ecosystem built around liquid staking derivatives, have teamed up to introduce the Tenet Bridge. With the help of LayerZero’s cutting-edge capabilities, this...