Ingsai Finance Inc, a USA-based financial services company renowned for its expertise in high-frequency and algorithmic trading, has achieved a monumental stride towards its journey of prosperity. Grong Capital, a distinguished name in the investment realm, has announced a strategic infusion of $80 million into Ingsai Finance Inc. This financial boost is poised to propel […]
The Akropolis Protocol is a decentralized finance (DeFi) protocol that focuses on under-collateralized loans and other financial services. The Akropolis Delphi Token (ADEL) was launched on the Ethereum mainnet in August 2020, and since then the Akropolis team has made several updates, including the POC-Polkadai bridge, a Parity Substrate Blockchain bridge for self-transfers of DAI […]
The United States Securities and Exchange Commission (SEC) recently charged entertainment company Impact Theory for allegedly conducting the sales of unregistered securities in the form of nonfungible tokens (NFTs) called “Founder’s Keys”. The SEC believes that the NFTs were investment contracts and qualified as securities, and that the company violated the Securities Act of 1933 […]
The European Union has recently seen the launch of the first-ever spot Bitcoin ETF, issued by London-based Jacobi Asset Management. This fund has been classified as an Article 8 fund, which are those that “promote environmental and/or social characteristics”. The ETF is called Jacobi FT Wilshire Bitcoin ETF and it was launched on the Euronext […]
Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million […]
Ripple Labs is celebrating a major victory against the Securities and Exchange Commission (SEC) in New York City on September 29, 2023. CEO Brad Garlinghouse expressed his excitement for the upcoming event and reflected on the difficult legal journey the company has gone through. Judge Analisa Torres ruled in favor of Ripple, stating that the […]
Digital Currency Group (DCG) has reached an agreement with creditors of its crypto lending subsidiary, Genesis. According to a court filing, the estimated USD equivalent recoveries could account for 70% to 90% for unsecured creditors. The amended plan could result in 65% to 90% recovery on an in-kind basis, depending on the denomination of the […]
Elon Musk is reportedly planning to transform Twitter into an “updated version of PayPal,” offering low transaction costs. Speculation is that Dogecoin, Musk’s favored cryptocurrency, could become the native currency of this platform, potentially driving its price to $0.20. Musk has been having conversations with Wall Street executives on the future of Twitter, and is […]
Pomerdoge, a new P2E crypto project, has recently launched a blockchain game called Pomergame. Players can create their own avatars and custom in-game assets to upgrade their characters. They can also sell their in-game items at Pomerplace, a battle arena and marketplace. During the presale phase, 7,777 NFTs will be available for purchase, and the […]
Bybit, a notable exchange in the cryptocurrency industry, has recently seen a large outflow of Bitcoin. On a single day, 12.5k BTC, worth $320M, was withdrawn. This is the largest single-day withdrawal in Bybit’s history, leaving the exchange with a remaining Bitcoin balance of 21.5k BTC.The implications of this outflow are uncertain, but it could […]
