Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at providing capital to projects building security-focused infrastructure. The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services. Nym Technologies CEO and co-founder Harry Halpin said…
dYdX Trading, the U.S.-based firm developing the decentralized derivatives exchange dYdX, has released the open-source code for its independent blockchain to the public. Today’s launch marks the initiation of dYdX Chain, a new upgraded version (dYdX V4) of the popular derivatives exchange. dYdX Trading Founder and CEO Antonio Juliano said in a statement that, “With the dYdX Chain, dYdX brings…
It’s all eyes on Bitcoin (BTC) as the industry’s largest cryptocurrency is up 12.6% over the day, trading above the $34,000 mark. The largest cryptocurrency by market cap surged above $35,000 late on Monday before backtracking to $34,540 at the time of writing, data from CoinGecko shows. This is the highest value for Bitcoin since May last year, with the…
Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF). On Oct. 23, ARK — headed by pro-Bitcoin (BTC) investment veteran Cathie Wood — sold 100,739 GBTC shares ($2.5 million) from ARK Next Generation Internet ETF (ARKW), according to a trade notification seen by Cointelegraph. The transaction…
Marinade Finance, the largest decentralized finance (DeFi) protocol running on the Solana blockchain, has reportedly started blocking users from the United Kingdom. U.K. customers discovered the problem on Oct. 23. While trying to access Marinade’s website from a local IP, one encounters the block page with a message: “Access to this site is unavailable in the United Kingdom due to…
The outflow of assets from crypto exchanges is considered a bullish sign, as it indicates traders are moving their assets away from exchanges and no longer want… Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-asset-outflow-crypto-exchanges
Nym Technologies, a privacy-focused infrastructure provider, today launched its Innovation Fund program aimed at offering financial support for Web3 creators, developers, communities, and privacy proponents across all stages of project development. The initiative, first teased in May 2022, is backed by Nym Technologies’ venture capital investors such as Andreessen Horowitz (a16z), Polychain Capital, Greenfield, Huobi Incubator, Eden Block, HashKey Capital,…
Major crypto exchanges recorded a net outflow on Oct. 24 as Bitcoin price briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign as traders move their assets away from the centralized platforms in anticipation of a price surge. According to data shared by crypto analytic…
Long-time Bitcoin bull Cathie Wood moved to offload almost $5.8 million in Coinbase and Grayscale Bitcoin Trust (GBTC) shares on Monday, as the leading cryptocurrency surged by over 10%. Ark Invest’s latest trade information newsletter revealed the sale of 42,613 COIN shares through ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF, worth $3.29 million with the closing…
The United States government may be losing regulatory oversight of the stablecoin market, according to a new report by the blockchain research firm Chainalysis. Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, Chainalysis stated in its latest North America cryptocurrency report released on Oct. 23. According to Chainalysis’ findings, the majority of stablecoin…
