EOS Network Ventures Commits $20M to Build Dapps and Games on EOS Blockchain
Users are spoiled for choice in an increasingly competitive crypto market, however, as relatively newer networks such as Arbitrum, zkSync, Optimism and Solana, among several others, vie for developer talent and increase their own revenues via token incentives or airdrops.
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First Mover Asia: Bitcoin Enters ‘Extreme Greed’ Territory; Altcoins Rally
Good morning, Here’s what’s happening:Market moves: Bitcoin enters “extreme greed” territory.Technician’s take: Buyers could return on price dips into Asian trading session.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.Bitcoin was roughly flat the past 24 hours, trading at about $67,300 at the time of publication. The No.…
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
The stablecoin issued by decentralized platform Abracadabra.money (MIM), suffered a flash crash to $0.76 after reports of a $6.5 million exploit.Blockchain security firm PeckShield published initial details of the exploit at 11:35 UTC Tuesday, adding that the attacker was funded from Tornado Cash, a sanctioned privacy protocol.Cetrik said that "early indications point to a rounding
Algorand-Backed Axelar Raises $3.75M in Seed Funding to Help Blockchains Communicate
Nov 13, 2020 at 9:53 a.m. UTCUpdated Nov 13, 2020 at 10:00 a.m. UTCAlgorand-Backed Axelar Raises $3.75M in Seed Funding to Help Blockchains CommunicateAxelar, a decentralized protocol designed by the founding members of Algorand to allow cross-blockchain communication, has raised $3.75 million in seed funding.Announced Thursday, the round saw participation from investors including Binance X,…
ProShares’ Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a Year
A flurry of Bitcoin ETF filings in the U.S. has almost instantly spurred interest in the asset from institutional investment circles.ProShares’ Bitcoin Strategy ETF (BITO) – a Bitcoin futures fund offered in the U.S. – last week recorded the highest weekly inflow in over a year as bitcoin (BTC) prices breached the $30,000 level, data…
Bakkt Is Scheduled to Start Testing Its Bitcoin Futures Contracts Today
news Bitcoin futures platform Bakkt is scheduled to begin testing its new contracts Monday. Nearly a year since revealing its ambitious vision, Intercontinental Exchange (ICE) is still waiting on regulatory approvals to take the platform live. Still, despite having to delay its new market multiple times, the parent of the New York Stock Exchange is moving…
South Korea’s Pension Fund Snaps Up Nearly $34M MicroStrategy Shares
South Korea's pension fund bought 24,500 shares of the Michael Saylor-led firm, before the 10:1 stock split. The MicroStrategy purchase can be seen as indirect investment in bitcoin (BTC). South Korean pension fund, National Pension Service (NPS), bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to a
Binance CEO Says Crypto Exchange Has Applied for a Singapore License
Feb 17, 2020 at 09:00 UTCUpdated Feb 17, 2020 at 09:03 UTCBinance CEO Changpeng "CZ" Zhao. Credit: BinanceThe world's top cryptocurrency exchange by trading volume is hoping to get the official green light to operate in Singapore.According to a report from Bloomberg on Sunday, the firm's CEO and co-founder Changpeng "CZ" Zhao said in an…
Bitcoin Project BOB Maps Out How the Original Blockchain Could Take Over DeFi
"If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi," BOB co-founder Alexei Zamyatin, told CoinDesk. The team behind the project BOB – a reference to "Build everything on Bitcoin" – has presented the network's design to position Bitcoin, the original and thus