Company Name: Bitwise Asset ManagementFounder: Hong Kim and Hunter HorsleyDate of Establishment: December 2016Headquarters Location: San Francisco, California and New York, New YorkAmount of Bitcoin held in the Treasury: Not disclosedNumber of employees: 65Website: https://bitwiseinvestments.com/Public or private? PrivateIn 2016, Hong Kim and Hunter Horsley, co-founder of Bitwise Asset Management, were living the startup life, working out of their living room in San Francisco, looking for projects they could turn into businesses.While experimenting with various ideas, none of them gained much traction, my friends kept talking about Bitcoin, and by early 2016, every venture capital firm in Silicon Valley was focused…
Author: Crypto Flexs
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The CEO of a South Korean cryptocurrency company was stabbed in the neck multiple times during a trial in Seoul.The victim was Hugo Hyung-soo Lee, the CEO of Haruinvest, a South Korean cryptocurrency profit company.This was the case in court during the HaruInvest trial, where three company executives were accused of stealing $826 million worth of cryptocurrency from about 16,000 users.According to local media outlet Digital Asset, one of the victims of Haru Invest, a man in his 40s, suddenly jumped up from his guest seat and attempted to stab Lee in the neck with a small knife. Lee was…
Games • Aug 28, 2024 9:57 AM EDT Posted 1 minute earlier ~ in Updated: August 28, 2024 10:17 AM EDT After some delays, the popular Telegram-based cryptocurrency game Hamster Combat has announced that it will be holding its first airdrop next month.The Hamster Kombat team announced in a post on their Telegram channel with over 52 million subscribers that the token generation event, or TGE, will take place on September 26. In a recent whitepaper, Hamster Kombat developers stated that 60% of the token airdrop will be dedicated to players.“The remainder is used to provide market liquidity, ecosystem partnerships…
Caroline Bishop 28 Aug 2024 11:39 Julia Leong opens the Project Ensemble Sandbox launch event, emphasizing collaboration between innovation and regulation. Julia Leong, Deputy Director-General of the Securities and Futures Commission (SFC), opened the event at the Project Ensemble Sandbox launch. The event, which took place on 28 August 2024, marks an important step towards fostering innovation and regulatory collaboration in the financial technology sector. Key takeaways from Leung’s speech In her speech, Leung emphasized the importance of cooperation between regulators and the fintech industry. She emphasized that the sandbox initiative aims to create…
MakerDAO Rebrands to Sky, Marking a New Direction Sky Launches ‘Endgame Plan’ for Decentralized Governance The goal is to make the protocol resilient to external risks. Just as Ethereum is the largest platform for decentralized applications, MakerDAO has been one of the oldest players in decentralized finance (DeFi). The best Ethereum-based lending protocol with stablecoin DAI is now rebranding to Sky. This rebrand is part of the “Endgame Plan,” an ambitious proposal to completely overhaul MakerDAO’s governance and token economics. This rebrand and the launch of the USDS and SKY tokens on September 18th herald the beginning of this new…
Bitcoin (BTC) is still “up” as its value falls well below its all-time highs relative to the S&P 500.Mike McGlone, chief commodities strategist at Bloomberg Intelligence, suggested in a recent analysis of X that the risk-asset race “may be over.”McGlone: Bitcoin Suffering from a ‘Hangover’Bitcoin is struggling to reach its recent March highs, but another indicator suggests a more serious systemic vulnerability.McGlone noted that BTC/USD is currently worth about 11 times the value of the S&P 500, which is close to its all-time high.In Q1 2020, Bitcoin reached its peak, reaching 15x the S&P, a record that has not been…
Cryptocurrency airdrops have been known to provide billions of dollars in value to those active in the ecosystem, but they are by no means perfect.Over the years, more and more people have tried to gamify the system, using multiple wallets to “farm” airdrops in advance (often a successful speculative game). This has forced projects doing airdrops to be more strict about their distribution. On-chain analytics has been used to weed out these airdrop farmers, but this has often come at the expense of real users. As a result, airdrops have become more controversial, and bad airdrops risk damaging a project’s…
Former Goldman Sachs executive Raoul Pal believes Solana (SOL), a competitor to Ethereum (ETH), could see a massive price surge this cycle. In a new interview on the Empire podcast, Pal predicts that Solana will return around 900% in the coming months. “The whole space is going to go up a lot (over the next 12 months). I think Solana is going to go up 10x from here, Bitcoin is going to go up 5x or 4x from here. That’s the kind of stuff that’s typical of a bull market.” As of this writing, Solana is trading at $154 and…
Terryl Dickey Aug 28, 2024 09:16 The Hong Kong Monetary Authority (HKMA) has launched the Project Ensemble Sandbox, which focuses on accelerating the adoption of tokenization in the financial sector. According to the Hong Kong Monetary Authority (HKMA), the Hong Kong Monetary Authority (HKMA) has officially launched Project Ensemble Sandbox, a key initiative aimed at accelerating the adoption of tokenization in the financial sector. Project Ensemble Sandbox Overview The sandbox is designed to facilitate interbank settlements using experimental tokenized currencies, with a primary focus on transactions involving tokenized assets. Participating banks in the Project…
Crypto Ecosystems • August 28, 2024 1:38 AM EDT Posted 1 minute earlier ~ in Updated: August 28, 2024 3:46 AM EDT UPDATE: According to Tonscan data, the network has resumed block production. According to on-chain data, TON (Open Network) experienced an outage with no transactions processed for 6 hours.According to Tonscan data, the blockchain connected to Telegram stopped generating new blocks around 10:11 UTC on Tuesday. As the outage expanded, exchanges Binance and Bybit temporarily suspended deposits and withdrawals to the network.“The TON blockchain is currently experiencing block production disruptions,” TON said in a post to X. “This disruption…