The Technology Working Group of the UK Treasury, the economic and finance ministry of the government, has recently released a comprehensive report delving into the potential use cases of fund tokenization. The report primarily investigates the utilization of tokens as collateral for money market funds and examines the role of tokenized funds within the on-chain investment market. It outlines how…
According to analysts at Bernstein, BlackRock’s upcoming tokenized fund launch is poised to bring significant legitimacy to public smart contract chains, particularly Ethereum. The announcement of BlackRock’s BUIDL tokenized private equity fund earlier this month marks a significant move into digital assets by the world’s largest asset manager, following the launch of a spot bitcoin ETF. The analysts at Bernstein…
MicroStrategy’s (NASDAQ:MSTR) stock reached an all-time high on Tuesday, surging past $1,860 and peaking at $1,909, as reported by Yahoo Finance. This milestone was achieved following MicroStrategy’s recent acquisition of an additional 9,245 bitcoins on March 19, which brought its total holdings to approximately 214,250 BTC. With this acquisition, the company now controls 1% of Bitcoin’s total supply. The business…
Tether, the entity responsible for the world’s largest stablecoin USDT, has disclosed its strategic foray into the domain of artificial intelligence, as per the company’s announcement on March 26. With a market capitalization reaching $104 billion, Tether is aiming to spearhead the development of open-source, multimodal AI models and integrate AI solutions into market-driven offerings. This initiative emerges amidst mounting…
Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao, a decentralized autonomous organization (DAO) committed to integrating bitcoin (BTC) into defi, has announced the launch […] Source: https://news.bitcoin.com/badgerdao-introduces-a-new-ether-backed-synthetic-bitcoin-token/
An examination of the interplay between Bitcoin cohort accumulation and monthly issuance sheds light on the current market dynamics. Presently, the ongoing epoch witnesses a daily mining output of approximately 900 BTC, totaling nearly 27,000 BTC per month, depicted by the blue line in our analysis graph. Cohorts within the Bitcoin ecosystem range from smallholders (with less than one Bitcoin)…
On Thursday, Sam Bankman-Fried and his family will finally hear the words they’ve been anticipating for months now: the decision of a Manhattan judge, as to how many years the disgraced FTX founder will spend in prison for his October conviction on seven criminal fraud and conspiracy charges. Also nervously awaiting the ruling: scores of degens who have gambled hundreds…
Nyan Heroes, a cat-themed hero shooter with blockchain assets on Solana, has launched its early access playtest on PC via the Epic Games Store. The “pre-alpha demo,” as developer 9 Lives Interactive described it, will be available for anyone to download and play until April 9. It offers players the ability to earn MEOW points, which will enable them to…
A little-known investment holding company has announced its intent to take billions of dollars in Bitcoin (BTC) off the market—but crypto fanatics think the news is too bullish to be true. Nilam Resources (NILA)—a self-described investment holding company focused on “frontier technologies”—said it signed a letter of intent to acquire 24,800 BTC on Monday. The bold plan follows its acquisition…
The owner of one of the largest Bitcoin wallet addresses moved over $6 billion in Bitcoin today, its first move since 2019. Blockchain data firm Arkham Intelligence highlighted the movements on Twitter on Tuesday. It said that the address is the fifth-richest Bitcoin holder, with 94,500 BTC—over $6.05 billion at today’s prices. The whale moved the BTC to three different…
