Polychain Capital and Hack VC led an $18 million Series A funding round for Babylon Chain, a Bitcoin (BTC) staking protocol that connects the decentralized finance (DeFi) ecosystem and the Bitcoin blockchain. According to a December 7 announcement, the funds will be used to support the development of Babylon’s Bitcoin staking protocol, which will allow proof-of-stake (PoS) networks to stake BTC, adding liquidity and security to emerging chains. It will.For context, a PoS chain is a type of blockchain that relies on participants to verify transactions. To become a validator and create new blocks, participants must stake the chain’s native…
Author: Crypto Flexs
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BTC fell to $43,000 during the day after surging near $45,000 earlier this week, suggesting traders took some profits after the largest cryptocurrency broke out from $38,000 a week ago. Recently, Bitcoin price was trading at around $43,300, down 1.1% in the last 24 hours.
The Hong Kong Securities and Futures Commission (SFC) has issued a significant warning to two cryptocurrency companies, Hong Kong Digital Institute (HongKongDAO) and BitCuped, accused of engaging in fraudulent activities. The Special Border Command (SFC), in collaboration with the Hong Kong Police Force, has taken steps to restrict access to the websites of the aforementioned companies. Emergency measures have been taken to protect investors and prevent investment fraud. During our investigation into HongKongDAO, it was discovered that the company may have spread misleading material on the Internet. This information may include false claims that you have obtained licenses and authorizations…
Are you looking for a reputable online broker house for your trading? When looking for an online broker, it is very important to consider market access. Most investors believe that all brokers offer excellent market access and this is a given. However, this is not accurate as only a select number of online brokers provide traders with access to global markets, especially the most profitable ones. Trustwave.trade is the best place for your trading.Trustwave.trade Overview Forex and cryptocurrency trading are all possible on Trustwave.trade, a comprehensive and popular trading platform. Market analysis, technical analysis, risk management tools, and other tools…
Bitcoin (BTC) options open interest hit an unprecedented milestone on December 7, surging to a staggering $20.5 billion. This impressive performance means that institutional investors are actively participating in the cryptocurrency space. Unlike futures contracts, BTC options come with a pre-determined expiration price, providing valuable insight into trader expectations and market sentiment.At the forefront of the Bitcoin options market is Deribit, which boasts an impressive 90% market share. The exchange currently has a significant $2.05 billion in open interest for options expiring on January 26. However, it is worth noting that many of these bets may lose value as the…
Stateless Rollup Versatus LASR represents a pure execution environment that relocates computing processes off-chain without the inherent responsibilities or costs associated with maintaining state and storing data. On Wednesday, December 6, Versatus Labs, a peer-to-peer web services protocol, announced a successful funding round of $2.3 million with leading investors. Republic Crypto and NGC Ventures. The fundraising values the company at $50 million. It will also help Versatus Labs bring Versatus LASR to market. The world’s first stateless rollup. Versatus has successfully secured $3.7 million in cumulative funding, with support from notable backers such as Jump Crypto, BigBrain Holdings, NGC Ventures,…
Our weekly news roundup from East Asia selects the most important developments in the industry. Hong Kong gaming company invests $100 million in cryptocurrency Boyaa Interactive International, a Hong Kong-based listed holding company specializing in online card and board games, wants to get shareholder approval to invest $100 million in cryptocurrency. According to an announcement this week, Boyaa Interactive directors will allocate $45 million of the company’s funds to Bitcoin (BTC), $45 million to Ethereum (ETH), and $10 million to exchanges such as Tether (USDT) and USD Coin (USDC). I’m trying to allocate to table coins. Commenting on the investment…
While Bitcoin (BTC) is hovering around yearly highs, a report from CryptoQuant shows that supply on centralized exchanges is at its lowest level in six years. Whales typically transfer Bitcoin to a centralized exchange for offloading. As they accumulate, they move away from centralized exchanges and into self-custodial solutions. Therefore, low supply on centralized exchanges is generally considered a bullish signal for cryptocurrency assets. This may indicate that investors have no intention of selling their assets anytime soon. However, there are other factors that investors should pay attention to. Bitcoin (BTC) Could Surpass $50,000: CryptoQuant CryptoQuant community member “Papi” shared…
The Bank of England’s Financial Stability Report highlights the potential risks and growing interest in asset tokenization within the financial sector and highlights the need for global regulatory coordination. The report notes an increasingly positive response among banks to leverage cryptography technologies, including programmable ledgers and smart contracts, for the tokenization of money and real-world assets. Sarah Breeden presents key findings from the Financial Stability Report showing that the outlook for global economic growth remains uncertain. However, the Bank of England remains resilient and strong enough to continue to support households and businesses. https://t.co/oZoGXYozgq pic.twitter.com/vmc8Gv3Qny— Bank of England (@bankofengland) December…
A dormant Ethereum whale has reemerged and moved 39,260 ETH worth approximately $87.5 million. With nearly $90 million worth of ETH, according to data from Lookonchain, this Ethereum whale recently woke up and decided to move his mountain of digital assets to exchanges. The motive for this transfer is unclear, but it appears to be an attempt to profit from the 670% profit over the past five years. Ethereum Whale moves 39,260 ETH to cryptocurrency exchange The cryptocurrency market has seen another price rally over the past few days. CoinMarketCap’s Fear and Greed Index currently shows extreme greed at 81.…