Xverse, a Bitcoin wallet designed to work with projects native to the coin, announced on Thursday a seed funding round of $5 million led by Jump Crypto. Other participants in the round included Franklin Templeton, the Bitcoin Frontier Fund, Old Fashion Research, and several strategic angel investors, Xverse told Decrypt in a written statement. Xverse’s wallet, which is available as…
Episode 25 of Cointelegraph’s Hashing It Out podcast explores the BNB Chain ecosystem with Arno Bauer, the blockchain’s senior solution architect. Bauer explains the rationale behind creating the BNB Chain and how the project intends to contribute to the Web3 ecosystem. Bauer addresses the competition in the space and explains that BNB Chain was not designed to “kill Ethereum” but to…
The Reserve Bank of India (RBI), the country’s central bank, has published a press release that floated the idea of using artificial intelligence (AI) on conversational payments in the unified payments interface (UPI), which is an instant payment system developed in India. Very Big Developments on UPI by RBI • NFC (Tap & Pay) Based Payments with UPI • UPI…
Rune Christensen, the founder of Ethereum stablecoin issuance platform Maker, has released an on-chain proposal for a “pre-farming airdrop” of SPK, the governance token of lending dapp Spark Protocol. The proposal, submitted on Wednesday, discusses the token emission schedule of SPK tokens, with a total supply of 2 billion tokens to be distributed over 10 years. Christensen described it as…
San Fransico-based Sofi Bank revealed it holds $170 million in crypto on its balance sheet in the Q2 earning report. The United States bank that serves over 6 million customers has seen a significant increase in its crypto holdings compared to the last quarter. The bank holds Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Cardano (ADA), Solana (SOL), Dogecoin (DOGE) and…
The citizens of India might get an option to sign documents digitally through crypto tokens. Such feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology (MeitY). On August 9 MeitY announced the launch of Indian web browser Development Challenge. The Ministry hopes to “inspire and empower” developers from all corners…
Bitcoin (BTC) hovered near $29,500 on Aug. 10 as markets braced for a fresh United States Consumer Price Index (CPI) print. BTC/USD 1-hour chart. Source: TradingView Trader warns of Bitcoin “downside” despite CPI volatility Data from Cointelegraph Markets Pro and TradingView showed BTC price action stabilizing in the run-up to the CPI release — itself a classic volatility catalyst. CPI…
Crypto’s derivatives market is poised for significant growth, driven by challenges in spot market liquidity and a shift towards derivative instruments, Genesis Trading said in its Q2 2023 report. “With spot market liquidity suffering and spot order book depth chronically flagging, it has become increasingly apparent that a significant portion of the future growth of crypto volumes will be in…
In France, amendments to the existing crypto regime will come into effect in next year to align national regulations with the pan-European framework, set by Markets in Crypto Assets act (MiCA). The Autorité des marchés financiers (AMF), France’s principal financial authority, announced the provisions of its General Regulation and its policy on digital asset service providers (DASPs) to take due…
Market trends suggest investors are taking a bearish view of Aptos. The open interest (OI) volume for APT futures, representing outstanding futures orders in the market, surged to a three-month high above $160 million this morning, per Coinglass data. This increase in APT price and OI volumes follow a new AI partnership with Microsoft on Thursday. Aptos, a layer-1 blockchain…
