Nym Technologies Launches $300M Funding Program
Nym Technologies, a blockchain privacy company, has launched a $300 million funding program to provide capital to initiatives constructing security-focused infrastructure, privacy tools, and services for Web3. The Nym Innovation Fund will raise capital from venture capitalist investors, such as Polychain, KR1, Huobi Incubator, and Eden Block, and will support initiatives that develop Web3 privacy-focused […]
ARK Invest sells GBTC Shares as Bitcoin hits $34K
Investment firm ARK has sold 100,739 Grayscale Bitcoin Trust (GBTC) shares held by the ARK Next Generation Internet ETF as Bitcoin price surges to $35K. On October 23, ARK, managed by Bitcoin investment veteran Cathie Wood, sold 100,739 GBTC shares from its ARK Next Generation Internet ETF (ARKW) for $2.5 million. GBTC reached $24.7 for […]
Crypto Exchanges Asset Outflow Increase Following BTC Price Surge
On October 24, the price of Bitcoin briefly surpassed $35,000 for the first time in a year, causing major crypto exchanges to register a net outflow of assets and traders moving their assets away from exchanges. The movement of funds away from exchanges is considered a bullish indicator, as it indicates that traders are transferring […]
US May Lose Regulatory Control Over Stablecoin Market – Chainalysis
A new report from blockchain research firm Chainalysis suggests that the US government may lose regulatory supervision of the stablecoin market as activities have increasingly occurred through entities that aren’t licensed in the United States. In its most recent report on cryptocurrencies in North America, published on October 23, Chainalysis noted that non-U.S.-licensed entities have […]
Chinese Digital Yuan Debut Usage in Cross-border Oil Deal
Chinese digital yuan CBDC has been used to trade in an oil transaction for the first time as PetroChina International purchased one million barrels of petroleum using it, as reported by the Shanghai Petroleum and Natural Gas Exchange (SHPGX). According to the exchange, the transaction was a response to a request by the Shanghai Municipal […]