AscendEX, a renowned crypto platform, has partnered with Nestree, a blockchain-based, cutting-edge messaging entity. The partnership focuses on enhancing Web3 accessibility as well as the user experience with streamlined browser-based Web3 insights access. As per AscendEX’s official social media announcement, the collaboration is a solid move toward promoting crypto innovation. Additionally, this joint effort is
Maintaining exceptional editorial standards, with content reviewed by trusted editors and seasoned industry professionals. Venezuelan banks explore holding digital assets like USDT, but a solid regulatory framework is missing. Current Venezuelan law regulates crypto exchanges but does not permit traditional banks to operate with them. Interest from Venezuelan banks in operating directly with cryptocurrencies has
Kalshi, a regulated prediction market platform, has closed a $1 billion funding round that values the company at $11 billion, according to TechCrunch. The round was led by returning investors Sequoia Capital and CapitalG, with participation from Andreessen Horowitz, Paradigm, Anthos Capital, and Neo. The new valuation brings Kalshi closer to the $12 billion to
The government of Kyrgyzstan has officially launched USDKG, a stablecoin backed by gold and pegged to the U.S. fiat currency. The authorities in Bishkek expect that the crypto, issued by a state-owned entity, will put the country on the map of global finances and attract investments. Kyrgyzstan to issue 50 million USDKG tokens on Tron
The prediction market space has graduated from a hyped niche to an all-out frenzy, with Kalshi and Polymarket volumes soaring and legacy betting sites such as DraftKings entering the fray. Polymarket is capitalizing on the fervor as it seeks to raise yet another round of funding, this time at a $12 billion valuation, according to
Imagine waking up to news that six of Japan’s largest asset management firms are actively exploring crypto funds. This isn’t speculation – it’s happening right now as Japan’s financial landscape undergoes a dramatic transformation that could reshape how institutional investors approach digital assets worldwide. Why Are Japanese Asset Managers Embracing Crypto Funds Now? The timing
Have you heard the groundbreaking news? Numerai just secured $30 million in Series C funding, catapulting this innovative crypto hedge fund to a $500 million valuation. This massive investment signals growing confidence in the fusion of artificial intelligence and decentralized finance. What Makes Numerai Series C Funding So Revolutionary? The Numerai Series C funding represents
While the crypto market has slipped into a correction, liquidity has felt flimsy as November’s trading activity thinned out and the stablecoin economy pulled back. Since Nov. 15, roughly $840 million has drained from the fiat-pegged token sector. Crypto Market Faces Dry Powder Deficit as Stablecoin Economy and Volumes Contract For two straight weeks, the
Norges Bank, the central bank of Norway, has lost hundreds of millions of dollars on its Strategy (formerly MicroStrategy) investment. Unlike the Federal Reserve and other central banks, Norges Bank invests directly into equities, including stock index constituents like Strategy’s common stock, MSTR. Sometimes, those investments go south. Indeed, the sovereign wealth fund has lost