Japanese blockchain Astar proposes $38M token burn
The tokens were initially reserved for a parachain slot on Polkadot but have since fallen out of use.
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Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers
Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia's largest tech media platform e27 reported on Jan. 11.Ulaanbaatar City’s administration has agreed to partner with a South Korean blockchain company, dubbed Terra, in order to eventually replace the current payment methods for utility bill…

Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors
In partnership with Eaglebrook, the strategies will be offered to registered investment advisors. 230 Total views 23 Total shares Cathie Wood's investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with the digital asset…

BitPay Partners With Binance to Support BUSD Payments in 50 US States
BitPay and Binance have partnered to provide the payment firm’s 2 million individual and merchant customers with access to Binance’s stablecoin BUSD. Top blockchain payment service provider BitPay has partnered with Binance to support the exchange’s stablecoin BUSD. The stablecoin is now available to BitPay’s 2 million individual and merchant customers.BitPay’s wallet launched support for…

Calm before the storm? Analyst says $20K Bitcoin possible in 3 months
The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged…

Matter Labs raises $50M to build EVM-compatible zk-rollups
The funding will be used to further develop zkSync v2, which is currently live on testnet. 64 Total views 10 Total shares Matter Labs has announced a major new funding round to further develop the second version of its Ethereum-based rollups, zkSync.On Nov. 9, Matter Labs announced it had secured $50 million in a Series…

USDT-settled futures contracts are gaining popularity, here’s why
When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors.BitMEX contracts did not involve fiat or stablecoins and even though the reference price…

Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021
Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. 743 Total views 8 Total shares Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to…

Survey finds 77% of Russian investors prefer Bitcoin to gold and forex
Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said. 308 Total views 14 Total shares Cryptocurrencies like Bitcoin (BTC) are getting increasingly popular with Russian investors, apparently displacing traditional investment products, according to a new survey.Russia’s Association of Forex Dealers (AFD),…