Hong Kong-based Chiron Partners launches $50M Terra fund
Terra’s native cryptocurrency, LUNA, has emerged as one of the best-performing digital assets of the past 11 months. Hong Kong venture capital firm Chiron Partners has launched a new ecosystem fund dedicated to Terra (LUNA), opening the door to new …
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC. On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH) and …
NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im
A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH. The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped …
‘Nation should not compensate investors for crypto losses’ says UK’s Financial Conduct Authority CEO
UK’s top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss. On Wednesday, Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct Authority, or FCA, issued the following statement …
Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem
“The point of crypto is to have true decentralization — the projects that succeed will be the projects that achieve that,” said Brian Brooks. Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over …
US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks
Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets. Bitfury CEO and former Acting Comptroller of the Currency Brian …
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny. Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be …
$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry. Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 …
Kickstarter plans to migrate to platform built on Celo blockchain
“We are entering a significant moment for alternative governance models, and we think there’s an important opportunity to advance these efforts using the blockchain,” said Kickstarter CEO Aziz Hasan and co-founder Perry Chen. Crowdfunding platform Kickstarter will be launching a …
3 reasons why DeFiChain (DFI) price has gained 60% in December
In the last two weeks, DFI price bounced off its swing low and a number of data points suggest the project’s fundamentals will continue to improve. Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger …