BlackRock’s iShares Bitcoin Trust ETF could receive a significant update, per a Friday 19b-4 form filing from Nasdaq, which proposed a rule change to the exchange-traded fund that would enable in-kind BTC redemptions rather than just for cash. Authorized participants, aka large institutional investors, would be able to redeem shares of the ETF for the underlying Bitcoin, rather than being…
The “America First” policies of the Trump administration could weaken currencies such as the Nigerian naira, leading to higher debt servicing costs. Trump Threat The “America First” policies of the Trump administration could lead to the weakening of currencies like the Nigerian naira, which in turn raises the cost of servicing debt. Furthermore, these policies, […] Source: https://news.bitcoin.com/trumps-america-first-policies-threaten-african-currencies/
The decentralized, cross-chain liquidity protocol Thorchain paused its savers and lending programs Thursday, preventing ThorFi users from being able to withdraw Bitcoin, Ethereum, and other crypto assets from the embattled services. Roughly $111 million worth of digital assets has been borrowed through Thorchain’s protocol, and $98 million worth of crypto is currently locked in savers vaults. That amount from depositors…
The developers of virtual horse racing game Photo Finish Live have teamed up with crypto casino and sportsbook BlockBet, enabling users of the site to wager with the game’s CROWN token. CROWN, a token on the Solana blockchain, joins Solana, Bitcoin, Ethereum, Bonk, and others as supported assets for wagering. The partnership includes BlockBet becoming the first official simulcast partner…
Node operators voted to temporarily suspend redemptions for the platform’s decentralized finance (defi) offerings, but core developers claim it’s business as usual for all other aspects of the network. Thorchain Teeters on the Edge of Insolvency Decentralized exchange Thorchain halted fund redemptions on its defi products on Friday amid rumors of potential insolvency but claimed […] Source: https://news.bitcoin.com/thorchain-faces-insolvency-halts-redemptions/
Ethereum layer-2 network Abstract is building out its ecosystem with a growing list of consumer applications—including a major focus on gaming. The chain’s most recent update indicates that at least 33 games or gaming-related projects will have some connection to the ecosystem after the Abstract mainnet launches this January. To prepare you, we’ve highlighted 9 of the most anticipated games…
According to data from CoinMarketCap, the decentralized physical infrastructure network sector has a market capitalization of over $27 billion. Source: https://cointelegraph.com/news/depin-cohesive-narrative-mass-adoption-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
While Democrats are calling for an investigation into Donald Trump’s potential conflicts of interest on crypto, House Republicans said they would explore debanking claims. Source: https://cointelegraph.com/news/republican-oversight-committee-investigation-debanking?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The tokens use sophisticated delta hedging market strategies to generate double-digit yields for investors. Yield-Focused Stablecoins Debut on Avalanche Defi platform Avant launched its yield-focused stablecoin pair AVUSD and SAVUSD on the Avalanche blockchain on Thursday. The tokens made their debut after a five-month whitelisting period where they generated a double-digit yield, according to a […] Source: https://news.bitcoin.com/avant-launches-defi-native-stablecoin-pair-on-avalanche/
In typically Trump style, the Jan. 20 presidential inauguration was marked by excitement, concern and outright confusion from the crypto faithful. Source: https://cointelegraph.com/news/crypto-biz-trump-arrival-pivotal-shift-digital-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
