Algorithmic crypto trading firm Wintermute is reportedly in discussions with Chinese giant Tencent and other investors to raise up to $300 million. Wintermute, a high-frequency trading and market-making firm in the crypto space, is in talks with multiple investors about a new funding round. The company is looking to raise up to $300 million including
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Bitcoin has entered a new paradigm in which investors must consider the future of state-controlled BTC stockpiles and sovereign approaches to holding or selling the asset. The United Kingdom should liquidate its Bitcoin (BTC) trove valued at an estimated $5 billion at current prices, Bloomberg senior opinion columnist Merryn Somerset Webb wrote on Friday. Webb’s
Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation. This development allows institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, alongside other chain-key tokens such as ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (ICP) assets on Copper’s platform.
Analysts at Binance Research say they remain “optimistic” about the market’s outlook, expecting upcoming catalysts to position the market “positively for the rest of the year.” The crypto industry may have already seen the worst of this year, according to Binance Research analysts, who said in a Friday report the “incremental negative impact” might be
Anatoly Aksakov, the leader of Russia’s State Duma Banking Committee, has urged banning Telegram’s tap-to-earn game Hamster Kombat, saying it “manipulates” people’s minds. Russian lawmakers appear to be set to address concerns about Telegram‘s Hamster Kombat, as Anatoly Aksakov, head of the State Duma Banking Committee, has criticized the game for showing “obvious scam” traits
Bitcoin miner Crusoe Energy announced a new multibillion-dollar deal with energy tech company Lancium to build a data center for artificial intelligence in Texas. Crusoe Energy, one of the first Bitcoin (BTC) mining companies in the U.S. to use wasted natural gas to power its operations, announced on Thursday morning a “multibillion-dollar” deal with Lancium
Zivoe, a real-world asset (RWA) credit protocol, will launch its mainnet on July 31 as the protocol aims to democratize access to credit. The announcement comes alongside Zivoe’s successful raise of $8.35 million from investors and coincides with the platform’s Initial Tranche Offering (ITO), a liquidity bootstrapping mechanism aimed at attracting initial Total Value Locked
Blockchain data provider Allium has secured $16.5 million in a Series A funding round led by Theory Ventures. Allium, a database startup enabling enterprises to query blockchain data, has raised $16.5 million in its Series A funding round to enhance its infrastructure. In a Thursday press release, the New York-headquartered firm announced that this funding
Chinese technology behemoth Tencent has completed a $15 million Series A funding round for Chainbase, an omnichain data network for web3. According to a press release shared with crypto.news, the funding round saw participation from notable investment entities, including Tencent Investment Group, Matrix Partners, and Hash Global. Chainbase is the world’s largest omnichain data network.
Hong Kong’s financial regulator has unveiled a list of its stablecoin issuer sandbox participants, including Standard Chartered and Animoca Brands. The Hong Kong Monetary Authority (HKMA) has announced the list of participants of the stablecoin sandbox, who can already start their experiments with issuing digital currencies backed by fiat currencies. In an announcement on Thursday