Day: 11 November 2024

This November, the crypto space is alive with excitement, with projects like Immutable X, Filecoin, and Solana each bringing something unique to the table. Immutable X is setting the standard for efficient, eco-friendly NFTs; Filecoin’s got the data storage game on lock; and Solana's supercharged speed is changing how we ...

A recent survey by the Alternative Investment Management Association (AIMA) and PwC reveals an increasing trend of hedge fund involvement in cryptocurrencies. Nearly half (47%) of hedge fund managers who traditionally trade in conventional markets, such as equities, commodities, and derivatives, now have exposure to crypto assets. This is a ...

Cryptocurrency, the digital frontier of money, has captured the world’s attention in recent years. Once dismissed as a passing trend, digital currencies are now seen as legitimate assets by investors, financial experts, and governments alike. With decentralized finance (DeFi) growing and blockchain technology continuing to evolve, it’s no wonder that ...

Mesh, a U.S.-based fintech backed by PayPal Ventures, has partnered with Reown (formerly WalletConnect) to introduce wallet ownership verification for UTXO-based assets, starting with Bitcoin. In a press release on November 11, the company highlighted that the wallet ownership feature improves functionality and helps meet the European Union’s Travel Rule ...

Web3 game developer Immutable has introduced a new feature to improve the Web3 gaming experience by allowing players to conduct transactions seamlessly within games.  Announced on November 11, the "Pre-Approved Transactions" feature addresses a common friction in Web3 gaming: the need to leave the game to approve transactions or manage ...

DeFi platform DeltaPrime has reportedly suffered another major security breach, with hackers draining $4.75 million in tokens from its liquidity pools on the Arbitrum and Avalanche networks. According to blockchain forensic platform PeckShield, the attacker exploited a vulnerability in the protocol's periphery adaptor contract, a weakness that enabled unauthorized access ...

In its ongoing attempt to recover assets amid its bankruptcy proceedings, the FTX bankruptcy estate has launched a $1.8 billion lawsuit against Binance and its former CEO, Changpeng “CZ” Zhao.  In a filing on November 10, the complaint accuses Binance executives of receiving a substantial $1.76 billion in a “fraudulent ...

Bitcoin is poised to gain unprecedented political significance in the U.S. following Republican victories in the recent elections, according to the New York Digital Investment Group (NYDIG). In a report published on November 11, Greg Cipolaro, NYDIG's global head of research, stated that Bitcoin's position in the investment landscape is ...

ENS Labs, the developer behind the Ethereum Name Service (ENS), has announced plans to launch "Namechain," a specialized Layer 2 solution aimed at improving blockchain identity. Revealed at the "frENSday" conference in Bangkok on November 11, the solution aims to make ENS more user-friendly and accessible by enhancing the speed ...

ARK Invest CEO Cathie Wood is the latest industry stakeholder to express optimism about a potential shift in the United States regulatory landscape following the recent election, which she believes will unlock new growth in emerging technologies.  In a video posted by ARK Invest on X on November 11, Wood ...