DeFi market stages a comeback as derivatives surge
Onchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition.
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Raising a glass to Satoshi’s Place and the challenge of running Bitcoin businesses
Cointelegraph took a trip to Satoshi’s Place on Friday, a Bitcoin (BTC) hub in Greater Manchester. Named after the anonymous creator of the world’s largest and most widely accepted cryptocurrency, the bar and workspace offer workshops, coworking spaces for local businesses and Bitcoin-inspired cocktails.Adam, the founder (who chose not to share his surname), first heard…
Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital
A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led by major industry venture capital groups — as well as some unusual, upstart players. Alchemix, a DeFi lending protocol whose loans automatically repay themselves via deposits into other yield-bearing protocols, announced on Discord today a $4.9 million raise led…
Craig Wright’s Hidden Treasures: Court Order to Unlock the Tulip Trust
Since early 2018, Craig Wright, a controversial Australian computer scientist and tech entrepreneur, has been the defendant in a lawsuit filed on behalf of the estate of Dave Kleiman, Wright’s late business partner. The claim alleged that following Kleiman’s death in 2013, Wright unlawfully appropriated more than a million Bitcoin (BTC) that the duo had mined jointly…
IMF reiterates more oversight for crypto in latest report on financial stability
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility. 257 Total views 10 Total shares The International Monetary Fund’s Financial Stability Board said the growing adoption of cryptocurrencies could potentially increase the risks to the…
Hong Kong financial regulator issues guidelines for crypto futures ETFs
The Securities and Futures Commission hinted it would follow in the CME’s footsteps by only initially allowing listings of ETFs linked to Bitcoin and Ether futures. 288 Total views 4 Total shares The Securities and Futures Commission of Hong Kong has set up requirements for entities considering a public offering of an exchange-traded fund (ETF)…
Canadian investment firm Accelerate Financial files for Bitcoin ETF
Calgary-based financial services firm Accelerate Financial Technologies is planning to list its Bitcoin ETF on the Toronto Stock Exchange. Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from global financial firms.Accelerate Financial Technologies has filed and obtained a receipt for a…
Apple Intelligence rival secures $10M to develop open-source alternative
PIN AI, backed by a16z, develops a privacy-focused, open-source alternative to Apple’s AI, utilizing blockchain to empower users in monetizing their personal data.
Gelato raises $11M from heavyweight backers for Web 3 automation
Gelato aims to simply DeFi by automating smart contract operations and helping users rebalance their portfolios. 528 Total views 3 Total shares Smart contract automation network Gelato has become the latest to receive big backing from crypto venture capital giants.Gelato has raised $11 million in a Series A funding round led by Dragonfly Capital and…