Author: Cointelegraph by Zoltan Vardai
United States Source: Cointelegraph.com News
Sep 07, 2024 12:00
Crypto venture capital funding surges to $633M in August rebound
Crypto VC funding rose 15% from July, with growing investor interest in blockchain infrastructure development.
View DetailsHong Kong Source: Blockchain News
Sep 06, 2024 02:15
Injective (INJ)Launches Tokenized Index for BlackRock's BUIDL Fund
Injective (INJ)introduces the first-ever tokenized index for BlackRock's BUIDL Fund, offering innovative on-chain financial instruments to users. (Read More)
Author: Cointelegraph by Tristan Greene
United States Source: Cointelegraph.com News
Sep 05, 2024 12:00
Ex-OpenAI chief scientist raises $1B for startup with only 10 employees
Safe Superintelligence reportedly raised the funds at a valuation of $5 billion.
View DetailsAuthor: Cointelegraph by Alex O’Donnell
United States Source: Cointelegraph.com News
Sep 04, 2024 12:00
SEC charges fund adviser Galois Capital for FTX crypto custody
The fund allegedly lost about half of its assets following FTX's collapse.
View DetailsHong Kong Source: Blockchain News
Sep 27, 2024 02:15
Runway Introduces $5M Fund to Support AI-Augmented Film Projects
Runway launches The Hundred Film Fund to support AI-augmented film projects with up to $5M in funding, potentially growing to $10M. (Read More)
Author: Cointelegraph by Ezra Reguerra
United States Source: Cointelegraph.com News
Sep 27, 2024 12:00
Bitcoin Core dev receives grant for maintaining BIP repository
Developer Jon Atack believes that Bitcoin plays a role in human freedom, decentralization of power, privacy and self-sovereignty.
View DetailsAuthor: Cointelegraph by Helen Partz
United States Source: Cointelegraph.com News
Sep 27, 2024 12:00
Ethena to launch new stablecoin backed by BlackRocks BUIDL
Ethenas synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.
View DetailsAuthor: Ronaldo Marquez
United Kingdom Source: NewsBTC
Sep 27, 2024 12:05
BlackRock Continues To Buy Bitcoin: Holdings Now Reach 358,000 BTC Worth $22 Billion
In less than nine months since the launch of its Bitcoin exchange-traded fund (ETF) following the approval of these investment vehicles by the US Securities and Exchange Commission (SEC), asset manager BlackRock has established itself as the world’s largest Bitcoin fund. A Tale Of Two Titans In Bitcoin And Ethereum Holdings According to on-chain data from blockchain analysis platform Arkham, BlackRock has aggressively expanded its Bitcoin holdings through its ETF, known as IBIT over the last months. Despite recent market volatility that saw significant dips in Bitcoin’s price on August 5 and September 6, BlackRock continued to buy more Bitcoin, thereby supporting not only the tokens value but also its own asset base. Related Reading: Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon? As of September 25, BlackRock’s holdings have reached approximately 358,000 BTC, valued at around $22.76 billion, representing about 1.70% of Bitcoin’s total supply of 21 million. In comparison, BlackRock’s Bitcoin holdings exceed those of Grayscale, another major crypto asset manager in the industry, by nearly 100,000 BTC. Grayscale currently holds approximately 258,671 BTC, valued at $16.45 billion, highlighting the significant gap that BlackRock has created in the BTC investment landscape. While BlackRock has taken a commanding lead in Bitcoin, Grayscale maintains an advantage in Ethereum (ETH) holdings. Arkham’s data indicates that Grayscale possesses 2.104 million ETH, valued at roughly $5.45 billion based on the current trading price of $2,600 per ETH. In contrast, BlackRock’s Ethereum holdings amount to only 349,970 ETH, valued at approximately $910 million. BlackRock Strengthens Bitcoin Stance BlackRocks support for Bitcoin extends beyond mere investment; it includes a strong endorsement of the technology underpinning the cryptocurrency. In a recent interview with Bloomberg, Robbie Mitchnick, head of digital assets at BlackRock, challenged the prevailing notion that Bitcoin should be categorized as a risk-on asset. During Tuesday’s interview, Mitchnick noted that while Bitcoin has recently shown a high correlation with US equities, this relationship may be misleading. The head of digital assets at BlackRock noted that risk-on assets, such as stocks, commodities, and high-yield bonds, perform well during periods of market optimism and economic growth. Conversely, assets like gold are sought after in times of uncertainty, providing a safe haven for investors. Mitchnick drew parallels between Bitcoin and gold, saying “gold shows a lot of the same patterns”, referring to their temporary correlations with equities. He emphasized that the long-term correlation between BTC and traditional financial assets is close to zero. Related Reading: Solana (SOL) Consolidates in Symmetrical Triangle Analyst Reveals $160 Target On Breakout One of BTC’s defining characteristics is its decentralized nature, Mitchnick added. No single country or government controls it, he said, which adds to its appeal as a global monetary alternative. Mitchnick went on to highlight Bitcoin’s scarcity, global reach and decentralized framework, describing it as a “non-sovereign asset”. He pointed out that BTC has no specific country risk and no counterparty risk, making it a compelling option for investors looking to diversify their portfolios. At the time of writing, the largest cryptocurrency on the market has given back some of the gains made during Tuesday’s trading session, after hitting a one-month high of $64,700. Currently, BTC is trading at $63,220, down a slight 0.3% over the 24-hour period. Featured image from DALL-E, chart from TradingView.com
View DetailsAuthor: Cointelegraph by Derek Andersen
United States Source: Cointelegraph.com News
Sep 26, 2024 12:00
South Korean foundation to recover funds from defunct crypto exchanges
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.
View DetailsAuthor: Cointelegraph by Arijit Sarkar
United States Source: Cointelegraph.com News
Sep 26, 2024 12:00
Telegram bot Banana Gun to absorb $3M loss from hack
Banana Gun has confirmed a $3 million loss caused by a vulnerability in its trading bot, which impacted experienced crypto traders.
View DetailsHong Kong Source: Blockchain News
Sep 25, 2024 02:15
Celestia Foundation Secures $100M to Advance Modular Blockchain Technology
Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput. (Read More)
Author: Cointelegraph by Arijit Sarkar
United States Source: Cointelegraph.com News
Sep 22, 2024 12:00
Crypto lender Shezmu recovers hacked funds through negotiation
Shezmu recovered nearly $5 million in stolen crypto through negotiations with a hacker and agreed to a higher bounty.
View DetailsAuthor: Cointelegraph by Ana Paula Pereira
United States Source: Cointelegraph.com News
Sep 19, 2024 12:00
Borderless Capital announces $100M for third DePIN fund
Borderless third fund targeting DePIN projects is backed by Peaq, the Solana Foundation, Jump Crypto and IoTeX. The DePIN market is expected to reach $3.5 trillion by 2028.
View DetailsHong Kong Source: Blockchain News
Sep 19, 2024 02:15
Filament Raises $1.1 Million in Seed Funding to Enhance Derivatives DEX on Sei Network
Filament, Sei Network's native derivatives DEX, secures $1.1 million in seed funding led by Lingfeng Innovation Fund to enhance its trading platform. (Read More)
Author: Cointelegraph by Ana Paula Pereira
United States Source: Cointelegraph.com News
Sep 18, 2024 12:00
Dragonfly Capital eyes $500M for fourth crypto fund
Dragonflys new crypto fund will target early-stage projects in the crypto space. Over 100 digital-asset startups are part of the firms portfolio.
View DetailsAuthor: Frank Corva
United States Source: Bitcoin Magazine: Bitcoin News, Articles, Charts,
Sep 18, 2024 01:25
Samourai Developers Appear Together In Court For First Time At Status Conference
Defense attorneys for Keonne Rodriguez and William Lonergan Hill continue to argue that the developers didnt operate a money transmitting business with Samourai, and Rodriguez requests modifications to his bail conditions.
View DetailsAuthor: Spencer Nichols
United States Source: Bitcoin Magazine: Bitcoin News, Articles, Charts,
Sep 17, 2024 01:25
Bitcoin and Crypto Voters Make Their Voices Heard at America Loves Crypto Stop in Wisconsin
Wisconsin is ready to move past partisanship with the unifying force of Bitcoin and crypto ahead of the 2024 election.
View DetailsHong Kong Source: Blockchain News
Sep 17, 2024 02:15
Sei Announces Third Round of $10 Million Creator Fund for Developer Ecosystem
Sei launches the third round of its $10 million Creator Fund with a $250,000 USD matching pool, focusing on educational content, developer tools, and smart contract development. (Read More)
Hong Kong Source: Blockchain News
Sep 17, 2024 02:15
Sei Announces $50K Gauntlet Gaming Competition and $250K Creator Fund Round #4
Sei launches a $50K gaming competition and a $250K Creator Fund Round #4 to support Web3 gaming creators. (Read More)
Author: NewsBTC
United Kingdom Source: Crypto Breaking News
Sep 13, 2024 05:55
Which Altcoins Could Skyrocket Next? Analytics Firm Points To These
The on-chain analytics firm Santiment has pointed out how these three altcoins may be more likely to see price jumps in the coming future. These Altcoins Are Being Heavily Shorted On Binance Right Now In a new post on X, Santiment has discussed about some altcoins that could be worth keeping an eye on because [...]
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