Nexo announced the launch of a new NFT Lending Desk service for OTC clients– becoming the first crypto lender to introduce NFT-collateralized crypto credit and art financing services for the asset class. The launch results from Nexo’s collaboration with the prominent crypto and NFT-focused hedge fund Three Arrows Capital. NFT Lending Desk Nexo leverages instant …
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Widely acknowledged as the greatest basketball player of all time, Michael Jordan, with help from Solana, is turning his hand to NFTs. The new venture will be handled under the formation of a holding company, known as “Heir Inc,” co-founded by Jordan’s oldest son, Jeffrey. “The company was co-founded by Jeffrey Jordan along with marketing …
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Federal Reserve Chairman Jerome Powell says that he does not see cryptocurrencies as a financial stability concern. However, he noted that they are risky and “there’s big consumer issues for consumers who may or may not understand what they’re getting.” Fed Chair Powell Says Cryptos Are Risky but Currently Not a Financial Stability Concern Fed …
The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance or special order after the session.” Indian Crypto Bill Needs More …
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sponsored Minereum, the project behind the first self-mining smart contract, welcomes you to The Minereum World – an exciting and interactive play-to-earn 3D game venture where users can come together virtually in the metaverse! The goal of the game is to grab and own as much land as possible! The more land you own, the …
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the …
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Crypto hedge fund veteran Su Zhu is saying that Bitcoin (BTC) and Ethereum (ETH) are both good investments, but this does not guarantee that they will continue to dominate crypto. In a new episode of the Uncommon Core podcast, the CEO and CIO of cryptocurrency hedge fund Three Arrows Capital explains why he sees the …
US Senator Elizabeth Warren (D-MA) is issuing a warning against a cryptocurrency subsector that she says poses a grave danger to the economy. Senator Warren says in a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on stablecoins that decentralized finance (DeFi) poses the biggest risk to the economy as it is largely unregulated. …
Nexo, the crypto borrowing and exchange platform, has launched an NFT Lending Desk in partnership with NFT hedge fund Three Arrows Capital. The new lending desk caters to over-the-counter, or OTC, clients to offer crypto credit backed by NFTs. Nexo is one of the first crypto lenders to allow customers to borrow stablecoins, ETH, and …
Bitcoin (BTC) staged an impressive recovery after dropping to its three-month low of $42,333 on Dec. 4, rising to as high as $51,000 since. The BTC price retracement primarily surfaced due to increased buying activity among addresses that hold less than 1 BTC. In contrast, the Bitcoin wallets with balances between 1,000 BTC and 10,000 …
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Bitcoin (BTC) could see a “massive bullish move” if a classic trigger from the 2021 bull run repeats this week. In a tweet on Dec. 16, on-chain analyst Matthew Hyland, known by the Twitter handle Parabolic Matt, drew attention to Bitcoin’s momentum indicator. Momentum indicator hints at potential “massive bullish move” While still under $50,000, …
Adidas Originals have announced the upcoming launch of their nonfungible token (NFT) collection titled Into the Metaverse. Although details on the supply are sparse at this time, it has been revealed that the digital asset will serve as an access token, promising holders’ exclusive access to future merchandise, physical and digital product and services, rewards …
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EEA Regional Representative, Samrat Kishor, Partner at Golden Next Ventures and Co-Chair at Baseline Protocol. The EEA recently appointed Samrat Kishor as its new EEA Regional Representative in India. Samrat will provide local support to ensure that regional EEA members are well-positioned to leverage the EEA’s programs, interest groups, working groups, and resources to achieve …
Ledn, a digital asset savings and lending platform, has secured $70 million in a Series B funding round. The funding round was led by 10T Holdings, and it attracted other leading venture capital firms. Some of the new investors in this round included Golden Tree Asset Management, Raptor Group and FJ Labs. The CEO and …
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The pro-Bitcoin mayor of Miami, Francis Suarez, has once again shown his unwavering support for the primary cryptocurrency. In his latest remarks, Suarez alluded that Bitcoin can get rid of communism by empowering society to be part of the financial network. Suarez further noted that Bitcoin was one of the most peaceful developments in the …
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