There seems to be no bottom for the Grayscale Bitcoin Trust (GBTC), as shares of the industry’s largest Bitcoin fund hit a record discount of 35.18% last Friday. GBTC shares allow investors to trade shares in trusts that hold pools of Bitcoin, with each share tracking the price of Bitcoin. The purpose is to give traditional investors exposure to the…
Hadean, a company using computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment behemoth Tencent. Hadean aims to keep developing its metaverse-scaling infrastructure and software. Hadean Closes $30M Series A Funding Round Hadean, a U.K.-based computing…
sponsored Ironbeam is a U.S. registered Futures Commission Merchant (“FCM”) which offers trading on crypto nano futures thanks to a partnership with Coinbase Derivatives. The brokerage charges no commission* on these Bitcoin and Ethereum contracts, as well as requiring low margin. Trade Cryptocurrency Nano Futures Contracts Headquartered at the Chicago Board of Trade, Ironbeam launched in 2010 as a technology-centric…
Have hackers just robbed your precious Bored Ape NFT? There might be a new token standard for that. Standford researchers Kaili Wang, Qinchen Wang, and Dan Boneh recently drew up a fresh proposal for two new Ethereum token standards: ERC20R and ERC721R. A token standard is an interface (or set of rules) that a smart contract must respect to be…
As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China. Following the historic Ethereum Merge on Sept. 15, the previously highly sought-out Nvidia GeForce GPUs have become significantly cheaper according to a report by…
The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound = $1.04. It lost 5% of its value in a spiral. The United Kingdom’s sovereign currency, the pound sterling, is the world’s oldest currency that is still in use…
The South African financial services giant, Nedbank, is reported to have acquired a village in the metaverse. The village will be used to showcase African creativity and to create experiences that “go beyond banking.” By securing a virtual property in Ubuntuland, Nedbank became one of the first financial institutions in Africa to embrace the metaverse. Showcasing Africa’s Creativity Nedbank, the…
Four years after pulling out of Japan, Binance, the world’s largest crypto exchange, will seek a license to operate in the country. People familiar with the matter told Bloomberg that the country’s friendlier approach to crypto and the substantial opportunities to onboard new users attracted the exchange back to Japan. The move comes as Japan looks to adopt more Web3-friendly…
Interpol has reportedly approved South Korean prosecutors’ request to issue a red notice against Do Kwon, the co-founder of the collapsed Terra ecosystem, according to Bloomberg. Kwon has been charged with violating capital markets rules in South Korea and faces legal challenges in multiple jurisdictions. According to South Korean prosecutors’ text message, a red notice for the Terraform Labs co-founder…
AC Milan, a popular soccer team in the Italian Serie A league and the current champion, announced the launch of a new non-fungible token (NFT)-based project. The organization established a partnership with Monkeyleague, a Solana-based Web3 soccer game, which became its official NFT partner to launch a new series of NFT branded game assets for the game. AC Milan…
