On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $88.06 million, while ether ETFs experienced outflows totaling $6.49 million. Blackrock’s IBIT and ETHA led the charge, capturing the largest inflows of the day. Blackrock’s Bitcoin and Ether ETFs Lead the Day in Inflows Data from sosovalue.xyz reveals that spot bitcoin ETFs hauled in […] Source: https://news.bitcoin.com/inflows-and-outflows-bitcoin-etfs-gain-88m-ether-drops-6-49m/
PIP Labs unveiled $80 million in Series B funding Wednesday to flesh out Story Protocol, a layer-1 network for licensing and maintaining intellectual property in the digital era. If crypto’s pioneers sought to cut out financial intermediaries from online transactions, then Story has taken aim at a common source of friction for creatives: lawyers. Empowering artists is one of PIP…
Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and solidify the United Arab Emirates’ position as a digital economy hub. The collaboration will leverage expertise from both parties and involves […] Source: https://news.bitcoin.com/gate-ventures-abu-dhabi-blockchain-center-launch-100m-innovation-fund/
Bitcoin’s market dominance has surged to a commanding 56% of the total cryptocurrency market capitalization, marking a shift in investor sentiment and potentially reshaping the digital asset landscape. The increase in Bitcoin’s market dominance from 38.7% in November 2022 comes amid a complex backdrop of market volatility, macroeconomic factors, and evolving institutional interest. A new Glassnode report reveals that despite…
AI systems can do many things: conjure images and videos, write treatises, synthesize terabytes of information, and even replicate human speech patterns and emulate emotions. But one thing they cannot yet do, as simple as it sounds, is pay for anything. Two former Ripple developers now seek to eliminate that barrier by fusing blockchain payments with AI to bring forth…
Nym Technologies, the company behind privacy protocol Nym, is now a step closer to launching NymVPN, which it claims will be the “world’s most private VPN.” Nym touts NymVPN’s anonymous zero-knowledge proof registration feature—which means not even the app will know who’s using it. It’s also introducing extra noise at the network level in an effort to combat AI’s ability…
Tether teams up with UAE’s Phoenix Group PLC and Green Acorn Investments to launch a Dirham-backed stablecoin, enhancing international trade and remittances. Source: https://cointelegraph.com/news/tether-aed-stablecoin-uae-partners-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Stablecoin issuer Tether has revealed it plans to develop a new stablecoin pegged to the United Arab Emirates Dirham (AED). Calling the UAE a “significant global economic hub,” Tether CEO Paolo Ardoino said in a statement shared with Decrypt that the new stablecoin is aimed at “businesses and individuals looking for a secure and efficient means of transacting in the…
The court’s decision will determine if the company can restructure or must liquidate. Source: https://cointelegraph.com/news/terraform-labs-bankruptcy-hearing-september?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FRTs are a type of stablecoin backed by liquid assets denominated in the same currency as the FRT and can be liquidated with minimum adverse price effect. Source: https://cointelegraph.com/news/abu-dhabi-regulator-supervision-fiat-referenced-tokens-stablecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
