A group of former Citigroup executives have launched a startup to offer Bitcoin-backed securities that they claim do not require approval from the US Securities and Exchange Commission (SEC). The startup, named “Receipts Depository Corporation (RDC),” aims to cater to the institutional demand for Bitcoin investments that may not be met by spot Bitcoin exchange-traded […]
Crypto and Ethereum advocate Adriano Feria has expressed a bearish outlook on Solana, attributing his stance not to the coin’s price action, but to the blockchain’s top leadership. Feria has criticized Solana’s leading figures, including co-founder Anatoly Yakovenko and top developer Mert, labeling them as either “trolls” or “idiots.” He further expressed concern over Solana’s […]
Anatoly Yakovenko, co-founder of Solana, has expressed confidence in the ability of their blockchain to handle the increasing demand for decentralized applications (dapps) without the need for layer-2 solutions, unlike Ethereum.Yakovenko argued that Solana’s design, which uses a hybrid consensus mechanism, allows it to scale efficiently without the need for additional layers. He explained that […]
Arbitrum, an Ethereum layer 2 scaling solution, has for the first time in its history, led in daily volume on decentralized exchanges (DEX), according to recent data from crypto analytics firm DefiLlama. In the past 24 hours, the total value of transactions made on Arbitrum by crypto users reached $1.83 billion, surpassing Ethereum’s 24-hour volume […]
Fintech firm Dave has reached an agreement to purchase a $100-million convertible promissory note from FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The note will be bought at a discounted price of $71 million, pending approval from a bankruptcy court.Dave, a mobile application that offers financial services such as savings accounts […]
The Bank of Spain has announced its partnership with Cecabank, Abanca, and Adhara Blockchain for the pilot of the wholesale central bank digital currency (CBDC) program. Over the next six months, the pilot will simulate the processing and settlement of interbank payments using a tokenized wholesale CBDC and multiple wholesale CBDCs issued by different central […]
Riema Labs, a leading player in the Bitcoin ecosystem, has successfully concluded its angel investment round, securing crucial funding for the launch of its groundbreaking product. This product, called Nubit, introduces a revolutionary data availability layer specifically designed for Bitcoin transactions. By leveraging this innovative technology, Riema Labs aims to significantly reduce the cost of […]
The approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) is expected to have a significant impact on the institutional adoption of digital assets. Mathew McDermott, the global head of digital assets at Goldman Sachs, believes that these ETFs will unlock opportunities for pensions, insurers, and other institutional investors to enter the crypto market.By creating […]
The approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) is expected to have a significant impact on the institutional adoption of digital assets. Mathew McDermott, the global head of digital assets at Goldman Sachs, believes that these ETFs will unlock opportunities for pensions, insurers, and other institutional investors to enter the crypto market.By creating […]
GameFi, the fusion of gaming and blockchain technology, is on the brink of a transformative year in 2024. Despite previous criticism of lackluster graphics and uninspired gameplay, industry experts are confident that the upcoming wave of GameFi titles will defy expectations and redefine the genre.Mark Long, CEO of Shrapnel, a leading AAA first-person shooter, anticipates […]
