Akshay Naheta, a former MIT alumnus and SoftBank executive, has launched a Dirham-backed stablecoin called DRAM. The Abu Dhabi-based company has been developing the technology since October 2022 and the Ethereum ERC-20 token is issued by DRAM Trust, a Hong Kong law governed trust. The independent trustee responsible for approving token mints and burns is […]
Solana (SOL) has been gaining traction in the crypto market, with a well-known crypto analyst suggesting that it is a prime opportunity for long-term investors. The analyst, Inmortal, has forecasted a target price of $250. CoinShares’ crypto fund report also highlights Solana’s consistent institutional inflows, with $31 million attracted in 2023 alone.AI-based price prediction algorithms […]
Bitwise chief information officer (CIO) Matt Hougan recently tweeted five reasons why Ethereum (ETH) is a more compelling investment opportunity than Bitcoin. Hougan highlighted Ethereum’s potential as a revolutionary global computing platform, its economic workings, its robust ecosystem, its increasing integration into major corporations, and its potential as a platform for tokenized real-world assets. Hougan […]
BTG Pactual, a major Brazilian investment bank, has signed an agreement to acquire 100% of Orama DTVM’s shares for 500 million Brazilian reais ($98.7 million). This acquisition is part of BTG Pactual’s digital expansion strategy and will provide Orama customers with access to the complete BTG platform. Founded in 2011, Orama has nearly 18 billion […]
Bitcoin (BTC) surged above the $28,000 mark on Monday, but concerns loom large in the crypto market. Mike McGlone, Commodity Strategist at Bloomberg, suggested that cryptocurrencies are grappling with the ominous specter of a looming recession, and the weakness observed in the third quarter could be signaling trouble ahead. Popular trader and analyst Michaël van […]
Immunefi, the leading bug bounty and security services platform for web3, published its Crypto Losses in Q3 2023 Report. According to the report, the crypto industry lost a total of $685,510,444 in Q3 of 2023, bringing the total losses across the ecosystem to $1,388,475,506 YTD. The number of single incidents increased 153% YoY from 30 […]
CoinW, a distinguished player in the digital trading arena, has unveiled its refurbished wallet security architecture. This decisive step is in alignment with CoinW’s commitment to fortify its promise of providing its users with a secure trading milieu. The enhancement process amalgamates the prowess of the Multi-Party Computation (MPC) paradigms and the HyperMate hardware wallets.MPC […]
NexGami, a leader in the gamefi space, has successfully completed a $2 million seed funding round, resulting in a post-investment valuation of $20 million. The round was backed by a consortium of renowned investment institutions and angel investors, including Polygon Ventures, Fundamental Labs, and Ledger Capital. Brice Bian, Founder and CEO of NexGami, expressed his […]
GMX, a decentralized perpetual futures trading protocol, has collaborated with Bitget Wallet to integrate it as a recommended wallet for accessing the GMX platform. This collaboration marks the beginning of discussions between both parties about future community collaborations that add value for users. Bitget Wallet had already extended a range of wallet support services to […]
XRP saw a surge in price over the weekend, reaching above $0.54, but the euphoria was short-lived as the altcoin saw a drawdown that brought it back to the $0.50 level. The decline was likely due to a large whale transferring 28.5 million XRP tokens to the Bitstamp crypto exchange, worth over $14.7 million. This […]
