Author: Coindesk
“Self-managed super funds might just make a single allocation, set it and forget it,” O’Loghlen told Bloomberg. We are working on an offering to service those clients really well on a one-off basis—to have them trade with us and stay with us.” Read the full article here
ETH/BTC slipped to 0.04563 on crypto exchange Binance soon before press time, reaching the lowest since April 2021, according to charting platform TradingView. This year, the ratio has declined nearly 16%, indicating a bias for bitcoin or the leading cryptocurrency by market value. Read the full article here
May 16: Param Labs, an independent game and infrastructure development company behind the game Kiraverse, and 3-D asset creation platform Pixel to Poly, announced a fundraise of $7 million in an investment round led by Animoca Brands. According to the team: “Delphi Ventures, Cypher Capital, Mechanism Capital and other top-tier investors have also joined the seed and private funding rounds. The company has thus incorporated 50+ IP partnerships within its ecosystem, with brands such as Pudgy Penguins, Neo Tokyo, Animoca Brands’ Mocaverse, Pixelmon, as well as retail giants such as GameStop.” Read the full article here
“The policy covers external cyber threats and attacks that would compromise the platform, as well as internal fraud or employee collusion,” Schwartz said in an interview. “[Munich Re] is not involved at the smart contract level, but is getting involved with the most active players in DeFi, starting with a framework that they are comfortable with, i.e. the security of the private keys and the wallet components.” Read the full article here
On Reddit and the LocalMonero forum, users discussed alternative means of buying XMR, which, with a $2.5 billion market cap, is the largest privacy coin. These include buying another cryptocurrency like bitcoin (BTC) or litecoin (LTC), sending it to the privacy-focused Cake Wallet and then swapping for XMR. Read the full article here
By completing the pilot, DTCC “found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” the report reads. Read the full article here
Recently launched spot bitcoin exchange-traded funds (ETFs) gave traders a safer way to invest in the token, which over 500 institutions took advantage of within only the first three months of existence, allocating over $10 billion in the funds alone. The rest, over $40 billion, came from retail traders. Read the full article here
“It is clear there is overwhelming opposition to SAB 121, and I urge President Joe Biden to reconsider his previous statement of intent to veto the resolution. The President should sign my resolution to ensure the SEC reverses course and sets America on a path to growing our digital financial future,” he said. Because they sought to kill the policy with the Congressional Review Act, a successful reversal would – by law – mean the SEC wouldn’t be able to pursue similar policies in the future, which the White House statement suggested “could also inappropriately constrain the SEC’s ability to…
The notice appears to hint at a possible coming enforcement action against the platform, reminding investors that the AMF “reserves the right, under the terms of the Monetary and Financial Code, to take legal action to block the website of this platform” and that retail investors should “take all necessary measures to avoid being unable to access their assets.” Read the full article here
“The boost from Runes proves short-lived, however, with users’ activity and fees dropping dramatically over the past week or two,” the authors wrote, noting that “this highlights the ongoing challenge faced by bitcoin miners to maintain a sustainable source of revenue in particular in the post halving environment.” Read the full article here