BitDAO allocates $633 million in funding for Innovative DAOs
BitDAO has announced that it is allocated $633 million in funding from the BitDAO treasury to projects in the blockchain ecosystem, including a focus on Gaming with support for @game7_official, ETH Scaling via @zkdao_official and education with funding for @Edu_DAO Describing themselves as the builders on Twitter BitDAO are encouraging others to join them in […] The post BitDAO allocates $633 million in funding for Innovative DAOs appeared first on CryptoSlate.
JP Morgan invests in Blockchain Intelligence Platform TRM Labs
JP Morgan Chase has expanded its interest in the blockchain technology space with an investment in TRM Labs. The post JP Morgan invests in Blockchain Intelligence Platform TRM Labs appeared first on CryptoSlate.
European crypto investment products recorded outflows totalling $59 million last week
Despite the raging conflict in Eastern Europe, crypto investment products saw inflows totaling $36 million in the week ending February 28, according to the latest report by institutional crypto fund manager CoinShares. The post European crypto investment products recorded outflows totalling $59 million last week appeared first on CryptoSlate.
Solana price eyes $150 as SOL's 25% jump this week puts 'double-bottom' in play
The upside setup for SOL price appears despite Solana-based investment products seeing significant capital outflows. The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar.A $150 SOL ahead?Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price
3 reasons why Bitcoin price rallied toward $45K entering March
The gains accompanied a sharp overnight spike in the number of Bitcoin whale addresses. Bitcoin (BTC) extended its gains nearly hitting $45K on March 1 as interest rate speculators reduced their bets on aggressive rate hikes in 2022, the number of whale addresses spiked, and amid speculations that BTC is proving itself as an apolitical safe-haven.Traders reduce half-point bets for MarchBTC's price surged more than 4% to reach nearly $45,000, a day after recording its biggest
CME Group plans to launch micro-sized Bitcoin and Ether options
The futures options, expected to start trading on March 28, will come more than two years after the CME Group launched a BTC options trading product in January 2020. Major derivatives marketplace Chicago Mercantile Exchange Group will launch options trading for its micro Bitcoin and Ether futures products.In a Tuesday announcement, the CME Group said that, subject to regulatory review, it plans to launch options contracts for its existing micro Bitcoin (BTC) futures and micro
Which DAOs have the most potential in 2022? | Watch The Market Report live
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss which DAO has the most potential in 2022. “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which decentralized autonomous organizations (DAOs) have the most potential in 2022.But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or
VALR secures $50 million in largest African crypto raise to date
VALR, a leading crypto exchange in South Africa, has raised $50 million in a Series B equity funding round. The post VALR secures $50 million in largest African crypto raise to date appeared first on The Block.
Terra's Mirror Protocol MIR rebounds 40% two days after crashing to record low
The massive move upside had MIR form a golden cross Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rallyMirror Protocol's native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to
Why real estate investors are going crazy over virtual lands?
Virtual lands are all the rage, but why are real estate investors pouring literal millions into metaverse properties? Let’s break it down. Real estate in the metaverse is booming, but will it last?It’s no secret that investors are spending millions on metaverse real estate. But one must wonder if these investments are based on a fad.While there has always been speculative interest in metaverse properties, since projects like Decentraland launched, interest shot up upon Facebo
NYDIG expands its play to bridge bitcoin and banking with new partnerships
NYDIG has announced a pair of partnerships that point to its overarching goal: to expand access to cryptocurrency in the banking world. The post NYDIG expands its play to bridge bitcoin and banking with new partnerships appeared first on The Block.
Colombian capital supports blockchain and emerging tech with $2.3M fund
Blockchain development is one of four major programs in Bogotá’s new tech innovation fund. Colombia’s capital of Bogotá is funding blockchain development as part of the city’s broader investment in innovative technologies.According to a Monday announcement on the city of Bogotá’s official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to local companies as part of four new programs in the city’s Innovation, Technology and Creative I
Rangers Protocol plans testnet launch for mid-July
"It is time to show the world what we are made of," said Rangers Protocol co-founder Mary Ma. Describing itself as a provider of “virtual worlds blockchain infrastructure,” the Rangers Protocol will open its testnet to users starting in July.In a Thursday announcement at the Global DeFi Summit, Rangers Protocol co-founder Mary Ma said the project would be aiming for a mid-July launch of its testnet following $3.7 million seed and private equity funding rounds. According to Ma
Chainalysis raises $100M in Series E funding led by Coatue
Chainalysis has secured hundreds of millions of dollars in the second quarter as venture firms allocate more resources to the emerging blockchain sector. Blockchain analytics company Chainalysis has secured $100 million in Series E financing, bringing its total valuation to a staggering $4.2 billion and highlighting once again the tremendous growth of the cryptocurrency industry. The round was led by global investment manager Coatue, with additional participation from 9Yard
A Bitcoin ETF is now trading on the Brazilian stock exchange
Today saw the commencement of the trading activity for QR Capital Bitcoin exchange-traded fund (ETF) on the Brazilian Stock Exchange, reports showed. The post A Bitcoin ETF is now trading on the Brazilian stock exchange appeared first on CryptoSlate.
Major players will speak at a new Bitcoin event aimed at institutional investors
Featured speakers include Twitter CEO Jack Dorsey, Blockstream founder Adam Back, and Ark Invest's Cathie Wood. The Crypto Council for Innovation is hosting a virtual event on July 21 aimed to “destigmatize mainstream narratives about Bitcoin.”According to a Thursday announcement, Square, Ark Invest, and Paradigm are backing The ₿ Word, an event on “how institutions can embrace Bitcoin.” The project scheduled for launch next month will offer featured speakers including Twitte
Citigroup launches a digital asset unit within its wealth management division
Wall Street giant Citigroup has officially launched a new business unit dedicated to the crypto and blockchain space, according to a memo obtained by The Block. The post Citigroup launches a digital asset unit within its wealth management division appeared first on The Block.
‘Tokenized’ Tesla, Google, and Apple shares are coming to Solana (SOL)
Digital Assets AG, a Swiss-based firm focusing on the design, structure, and issuance of tokenized financial instruments, today announced that it is bringing its tokenized stock infrastructure to the Solana blockchain. The post ‘Tokenized’ Tesla, Google, and Apple shares are coming to Solana (SOL) appeared first on CryptoSlate.
Asset manager QR launches Bitcoin ETF on Brazilian stock exchange
Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3. The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country.Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange on Wednesday, Cointelegraph Brasil reported.The listing comes severa
Visa to acquire Swedish open banking firm Tink for €1.8 billion
Card giant Visa is set to acquire Tink, the Swedish open banking platform, in a deal worth €1.8 billion (roughly $2.15 billion). The post Visa to acquire Swedish open banking firm Tink for €1.8 billion appeared first on The Block.