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JPMorgan Explores Fund Tokenization for Personalized Portfolio Management


Source: Pixabay JPMorgan and Apollo have collaborated with several blockchain firms to showcase a “proof of concept”, demonstrating how asset managers can tokenize funds using the blockchain of their preference. According to a press release issued on Wednesday, the companies said that blockchain...

Web3 Social Company Sleek Announces $5 Million Seed Round


Source: Pixabay Hong Kong-based Web3 social company Sleek has revealed a $5 million seed round, with the fundraising valuing the company at $50 million. In a press release published on Friday, the company said that it had secured funds through a Simple Agreement for Future Tokens (SAFT), granting...

Vitalik Buterin Touts Plasma Technology; OMG Token Briefly Skyrockets 16%


Source: youtube/ VICE News Ethereum founder, Vitalik Buterin, touted emerging Plasma technology in a new blog post this week, prompting the Plasma-supported OMG Network’s native token to skyrocket by 16%. A unique scaling solution “Plasma is a class of blockchain scaling solutions that allow...

Ripple Executive Flags Gary Gensler’s Speech, Highlights SEC’s Shortcomings


Stuart Alderoty Source: YouTube/PlanXRP Ripple’s Chief Legal Officer Stuart Alderoty has pointed out loopholes in Gary Gensler’s speech at the 2023 Securities Enforcement Forum referring to the Securities and Exchange Commission’s (SEC) “shady” behavior. In a social media post on X (formerly...

Sushi Makes DeFi History with Native Bitcoin on ZetaChain


Source: Adobe / David Decentralized finance (DeFi) protocol Sushi has made history by adding support for the use of native Bitcoin (BTC) on its protocol through an expansion to ZetaChain. The move, announced by Sushi in a blog post on Thursday, will allow users to seamlessly swap BTC across...

CBDC’s Not Yet Ready for Mainstream, Says Mastercard Expert


Source: Pixabay / AKuptsova Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC. Venkateswaran, Mastercard’s Blockchain...

Fund Manager WisdomTree Reportedly Refiles Spot Bitcoin ETF to SEC


Source: Pixabay / Markus Winkler Asset manager WisdomTree is attempting to resubmit a spot Bitcoin (BTC) exchange-traded fund (ETF) despite previous rejections. The company filed an amendment with the US Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst James Seyffart....

Crypto Market Shows Signs of Recovery with Surging Crypto Prices, NFT Sales


Source: Adobe / Luisa The crypto market is displaying promising signs of recovery following an extended bear market with surging crypto prices and NFT sales. Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market cap, have experienced significant price surges, each gaining...

Aave Rebrands to Avara, Announces Latest Acquisition in Web3


Source: Avara Aave has announced its rebranding to Avara and the acquisition of Los Feliz Engineering, a Los Angeles-based web3 startup. Avara is the home to some of the most innovative web3 brands: @aave, @lensprotocol, @ghoaave, @sonar, and now @family all building towards a people powered...

Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal


source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...

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