The world’s largest financial derivatives exchange is announcing a plan to roll out a new Ethereum-based financial product ahead of the leading smart contract platform’s upcoming upgrade in mid-September. In a new statement, the CME Group says that it is launching options for Ethereum (ETH) futures on September 12th, pending review and approval by regulators. …
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August 19, 2022 – Miami, Florida dPRIME Asset Modules Finance (‘DAM Finance’ or ‘DAM’), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that it has closed a $1.8 million pre-seed funding round led by Digital Finance Group (‘DFG’) and Jsquare. DFG, a global blockchain and cryptocurrency investment firm with …
You’ve no doubt heard the expression, follow the money. Well, if you do that in the venture capital world, you’ll be led directly to crypto, blockchain and digital assets. After a modest summertime lull in venture financing, this week saw the announcement of two massive raises worth a combined $500 million. That’s $500 million VCs …
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An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter’s performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022. Tether had previously announced a commitment to decreasing its commercial paper holdings by the end of August 2022. Data from the …
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Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness. Cointelegraph’s director of video production Jackson DuMont delves into the intricacies of NFTs, highlighting the importance of the underlying blockchain technology in …
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Huobi team has tweeted the reason explaining why its stablecoin HUSD briefly lost its peg to the US dollar Per the tweet, HUSD has regained its lost peg to the US dollar within 12 hours. The HUSD team took to Twitter to share an update on the latest HUSD de-peg predicament, further stating that the …
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Redlight Finance, a technology company that provides a full crypto technology platform, is introducing Redlight Chain, a Layer 1 EVM compatible blockchain with new functionalities. Redlight Chain is centered on solving the blockchain trilemma of scalability, decentralization, and security by optimizing the gasless blockchain. $REDLC is the governance coin for the Redlight blockchain, which is …
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The crypto industry is often referred to as being in its infancy with the “we’re still early” meme popular within the community. However, digital cash is not a new concept, as anyone with knowledge of David Chaum will confirm. Chaum is known as the Godfather of Crypto, as he published a paper on digital cash …
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Nexo, a leading cryptocurrency lending platform and exchange, has introduced a new feature on its platform — the Nexo Booster. Launched earlier this year as part of the Nexo app, the Booster is now set to bring more functionalities to the platform’s web users and enable them to grow their holdings further. The Nexo Booster …
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Nigeria’s digital currency eNaira has reportedly reached 270,000 users as recorded transactions hits N4 billion (approx. $10 million) since its launch in October 2021. The CBN Governor Godwin Emefiele highlighted the milestones achieved by the digital currency during an eNaira hackthon held on August 18. Emefiele said: “Since the launch of this great initiative, the …
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Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Time-based investments and bonding financial tools have been around for many years in the Traditional Finance (TradFi) world and have recently made their way onto blockchains, replacing centralized banking institutions with decentralized code-based protocols. These new …
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In a recent tweet, El Salvador’s Ambassador to the U.S., Milena Mayorga, said the country is undergoing a turnaround in social fortunes. He later attributed this to improved “security measures” and Bitcoin. “We are ridding ourselves from the plague that has submerged us in poverty for decades.“ Bitcoin is more than financial The Central American …
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Gold has long been considered the ideal hedge against inflation for a long time. The precious metal has stood the test of economic meltdown, rising against the crashing value of the dollar, or so we thought. Global events in 2022 have shown that gold may no longer be the best hedge against inflation. So far, …
Bitcoin (BTC) received a much-needed boost when BlackRock, the world’s largest asset manager, announced its partnership with Coinbase to offer institutional clients access to BTC. In a blog post, Coinbase said the tie-in offers users of BlackRock’s Aladdin investment management platform direct access to crypto, starting with Bitcoin. Joseph Chalom, Global Head of Strategic Ecosystem …
Continue reading “The case against BlackRock’s foray into Bitcoin”
Dogecoin fell for a third consecutive session on Friday, with the token dropping by almost 15% in today’s session. As of writing, the global cryptocurrency market cap is roughly 8% lower, with the majority of the top 100 in the red. Filecoin was another notable mover, falling by nearly 20%. Dogecoin (DOGE) Dogecoin (DOGE) was …
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