Jito, the Solana-based DeFi platform, kicked off its hotly anticipated airdrop earlier Thursday, putting some $225 million worth of free tokens in the wallets of Solana users around the world. At the airdrop’s launch at 11:00 am EST Thursday, JTO debuted at a price of $6.01, according to CoinGecko—putting the 90 million tokens set to be airdropped by the platform…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong gaming firm to invest $100M in crypto Boyaa Interactive International, a publicly-traded Hong Kong holding company specializing in online card and board games, wants to secure the approval of its shareholders to invest $100 million in crypto. According to this week’s announcement, Boyaa Interactive…
Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering valuable insights into traders’ expectations and the markets’ sentiment. At the forefront of the Bitcoin options market…
Ember Sword CEO Mark Laursen shares why some big game studios “irk” him—and why he got into game development. Source: https://decrypt.co/videos/interviews/M9OHCVpA/interview-ember-sword-ceo-says-nft-games-are-more-transparent
Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers’ discretion. Meanwhile Advisors are targeting a 5% yield on the Meanwhile BTC Private Credit Fund term. By vetting loan recipients,…
Cryptocurrency exchange Binance’s unit in Abu Dhabi has pulled an application with the Emirate’s financial regulator, a move it claims was unrelated to the firm’s November settlement with authorities in the United States. In a statement to Cointelegraph on Dec. 7, a Binance spokesperson said the exchange had chosen not to move forward with an application with Abu Dhabi’s Financial Services…
Apple switched to its own silicon computer chips three years ago, moving boldly toward total control of its technology stack. Today, Apple has launched MLX, an open-source framework specifically tailored to perform machine learning on Apple’s M-series CPUs. Most AI software development currently takes place on open-source Linux or Microsoft systems, and Apple does not want its thriving developer ecosystem…
When industry insiders talk about a future where quantum computers are capable of solving problems that classical, binary computers can’t, they’re referring to something called “quantum advantage.” In order to achieve this advantage, quantum computers need to be stable enough to scale in size and capability. By-and-large, quantum computing experts believe the largest impediment to scalability in quantum computing systems…
Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a spot exchange-traded fund (ETF) in the United States. Senior Bloomberg ETF analysts have expressed a 90% probability for approval by the U.S. Securities and Exchange Commission, which is expected…
Polychain Capital and Hack VC led the $18 million Series A funding round of Babylon Chain, a protocol working on Bitcoin (BTC) staking, bridging the decentralized finance (DeFi) ecosystem with the Bitcoin blockchain. According to the Dec. 7 announcement, the funds will be used to support the development of Babylon’s Bitcoin Staking protocol, which enables proof-of-stake (PoS) networks to stake…
