Handshake Revealed: VCs Back Plan to Give Away $100 Million in Crypto

news The Philipines’ UnionBank has issued its own stablecoin, PHX, according to Filipino media PhilStar Global. With the issuance, the bank also conducted the first blockchain-based transaction by a Filipino bank.  The PHX stablecoin is pegged to the Philipino peso and backed by UnionBank reserves. “PHX is a stable store of value, medium of exchange…

RWAs continue to experience growth led by tokenized U.S. Treasuries. BlackRock's boasts a market value of over $500 million. The market value of on-chain real-world assets (RWAs), excluding stablecoins, continues to rise, representing continued investor interest in blockchain-based tokenization of traditional assets. Currently, total RWAs are worth more than a record $12 billion, according to

XRP surged 17% following a settlement in the case involving Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This led to a jump in its price from 50 cents to 65 cents and a significant increase in trading volumes. The settlement involved Ripple paying $125 million in civil penalties and agreeing to an

Jun 2, 2020 at 12:39 UTCUpdated Jun 2, 2020 at 12:40 UTCBitcoin’s latest move above $10,000 looks to have nullified a significant amount of selling pressure building in the market.  The biggest cryptocurrency by market cap saw a bull breakout late on Monday, with the spot rise jumping from $9,440 to a 3.5-month high of…

The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume. The strategy will make the most profit if BTC rises to $80,000 by the end of November. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April 2021 00:57 Is Bitcoin Losing Its

Dec 24, 2020 at 2:00 p.m. UTCCrypto’s Big Rupture Is Coming in 2021After a crazy year with predictably strong growth in decentralized finance (DeFi) and store-of-value (SoV) crypto assets generally, things are about to get weird. Diversification is the only way to stay sane. Crypto is set to bifurcate and we will begin to see two…

Jul 13, 2020 at 13:54 UTCBitcoin mining machines (Mark Agnor/Shutterstock)Billion-dollar fund manager Fidelity International has doubled its equity investment in bitcoin mining company Hut 8, bringing its total stake to over 10%. In a filing with the Ontario Securities Commission (OSC) last week, the fund manager disclosed it had acquired 4.1 million "units" in Hut…

Prosecutors have requested that Heather Morgan – better known by her rap moniker “Razzlekhan” – be sentenced to just 18 months behind bars for her role in laundering 120,000 bitcoins stolen from Bitfinex in a 2016 hack. In August 2023, Morgan pleaded guilty to one count of money laundering conspiracy and one count of conspiracy

Jun 17, 2020 at 15:17 UTCUpdated Jun 17, 2020 at 15:41 UTCThe tokenized Ferrari F12 TDF up for sale (CurioInvest)Crypto startup CurioInvest is selling tokens for a rare supercar valued with a $1.1 million hard cap. The tokens represent a limited-edition 2015 Ferrari F12 TDF, a supercar that in 2016 was valued around $450,000, but…