SwissOne, a Swiss-based financial firm, has introduced its latest investment vehicle called the IOTA Shimmer Opportunities Fund. This new fund aims to promote the utilization of decentralized technology. By investing in IOTA, a cryptocurrency that uses directed acyclic graph (DAG) technology, SwissOne hopes…
Forta Network, a threat detection provider, has partnered with QuickNode, a web3 development platform, to give developers secure access to Forta scan nodes. QuickNode offers tools to simplify dApp development and is used by prominent companies like Twitter and Adobe. The collaboration aims…
US trading platform Robinhood has reportedly cut its workforce for the third time due to a decline in cryptocurrency trading activities and customer demand for its services. The company let go of 150 employees, representing 7% of its full-time workforce. The layoffs affected…
Circle, the issuer of the USD Coin stablecoin, has announced that its Cross-Chain Transfer Protocol (CCTP) is now operational on Arbitrum, a Layer 2 scaling solution for Ethereum. CCTP allows for faster and more secure transfers of USDC across multiple chains, including Ethereum,…
Bitcoin Cash (BCH) has seen a massive 112% increase in value within just one week of being listed on EDX Markets, a platform backed by major financial institutions. This surge can be attributed to two main factors: BlackRock’s application for a bitcoin spot…
Approximately $26 million in cryptocurrency assets linked to Terraform Labs and co-founder Do Kwon have reportedly been confiscated in Switzerland. The funds were held at Sygnum, a crypto bank, and were frozen by Swiss law enforcement authorities following a request from the U.S.…
Summary: The following content discusses a new law that aims to establish strict regulations for cryptocurrencies that do not have a central backing. It explains how these regulations are meant to prevent such cryptocurrencies from becoming widely accepted within the mainstream financial industry.…
A crypto strategist from InvestAnswers claims that a bullish signal for Bitcoin has appeared for the first time in its history. The strategist explains that the available supply of Bitcoin for trade is decreasing, which is a significant development ahead of the next…
The Bank of England is considering alternatives to blockchain technology for its upcoming digital pound, known as ‘Britcoin’. Tom Mutton, leading the bank’s Central Bank Digital Currency (CBDC) project, highlighted the uncertainty surrounding the choice of technology. The bank plans to test various…