Author: Coindesk

Wormhole allows users to transfer tokens between different blockchains, such as Ethereum, Solana, Terra and others. The token was among the most anticipated this year because Wormhole remained one of the few major protocols that did not offer a token. The W price has dropped almost 30% in the past 24 hours, CoinGecko data shows. The CoinDesk 20 Index, a measure of the broader crypto market, has lost 1.24%. Read the full article here

The matter was adjourned due to the Federal Inland Revenue Service (FIRS) not being able to serve Binance’s Head of Financial Crime Compliance Tigran Gambaryan the charges while he was in custody, the Punch reported. While Gambaryan was detained along with another Binance executive, Nadeem Anjarwalla, in February, the latter has since escaped custody. Gambaryan reportedly appeared in court Thursday. Read the full article here

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

Galaxy Digital’s venture team has long invested its own money in crypto companies. Now, it’s planning to do that with outside investors’ capital, too. The investments giant is putting together a $100 million fund that will invest in early-stage crypto companies, according to an investor email shared with CoinDesk. Galaxy moved its venture capital franchise into its asset management business in 2023. The Galaxy Ventures Fund I fund aims to invest in as many as 30 startups over the next three years, with checks starting at $1 million. It will target financial applications, software infrastructure and protocols built on crypto,…

Victims were lured to download the apps with promises of high returns from investing in crypto and other products, which the lawsuit described as “illusory.” When victims attempted to withdraw their balances, they would be asked to pay various fees to recover their investments and purported gains, according to the filing. Read the full article here

The funds’ high yield targets are partly a function of its on-chain structure, he explained. Doing everything on a blockchain cuts as much as 150 basis points in fees that would otherwise go to administrative costs. In private credit, small- and mid-sized businesses in need of financing get their money from specialized lenders instead of banks. These deals have grown into a $1.7 trillion market, according to Bloomberg, that rivals the banks and caters to tony investor types who are willing to lock their money for years in exchange for strong returns. Read the full article here

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.…

In conclusion, corporate governance practices in a blockchain world offer significant benefits to financial advisors’ clients. From enhanced transparency and trust to improved accountability, streamlined operations, enhanced security, and regulatory compliance, blockchain technology is revolutionizing the way financial advisors and their clients interact and collaborate. By embracing blockchain-based governance solutions, financial advisors can better serve their clients’ interests, help them achieve their financial goals, and build stronger, more resilient investment portfolios for a prosperous and sustainable future. Read the full article here

April 7: Obol Labs, a developer team focused on proof-of-stake blockchain infrastructure, said its distributed validator clusters are ready to be activated in the Lido Simple DVT Module on Ethereum Mainnet, after a period of testing and evaluation. According to a proposal voted on by the Lido community in October: Distributed validator technology, or DVT, “represents the fastest way to add many new Node Operators to the Lido Node Operator set with a more diverse profile of solo and community staker participants while benefiting from the technology’s inherent benefits such as increased resilience, distribution, and security. The Simple DVT module…