Author: NBTC
Hodler Investments, a UAE-based investment company headquartered in the Dubai Silicon Oasis, announced its plan for a $500M Digital Energy Infrastructure (DEI) fund, offering investors and clients the opportunity to invest in distributed energy infrastructure for compute applications. The fund will be established as a closed-ended exempt fund, subject to compliance and regulatory approvals. The DEI fund has already secured soft commitments from lead investors and in-kind contributions in addition to offtake partners seeking energy and connectivity for AI and digital asset mining operations. Currently the DEI fund is expected to have a size of between $250M and $500M, including…
Stellar Development Foundation partners with SheFi to empower women in blockchain. Stellar Community Fund aims to increase gender diversity among Stellar builders. The Stellar Development Foundation (SDF) is making great progress to guarantee fair access to the worldwide financial system. Through concentrating on offering goods and services to underbanked and unbanked groups, SDF hopes to provide solutions tailored to different communities. Given the glaring gender disparity in the tech and financial sectors, this goal becomes even more important. Addressing Gender Disparities in Finance and Tech The World Economic Forum estimates that 55% of the unbanked worldwide are women. Women must…
Dinari is expanding its offering of tokenized equities to the Base chain, complementing existing deployments on Ethereum mainnet, Arbitrum, Blast and Kinto. In a bid to bridge traditional finance with DeFi, Dinari allows investors worldwide to access the US equities markets through tokenized stocks, known as dShares. These dShares are 1:1 backed by off-chain assets, ensuring they are fully collateralized and compliant with regulatory standards. Unlike early synthetic equity tokens such as those offered through Mirror Protocol, Dinari’s approach emphasizes security and compliance. The company has invested significantly in automating processes with clearing partners and onchain record-keeping to ensure that…
Ethereum ETFs record $20.3 million in outflows, extending outflow streak to three days. Over 80% of ETH’s supply is in profit despite the market not yet recovering from the crash in early August. Ethereum could continue consolidation until its open interest sees considerable growth. Ethereum (ETH) is down nearly 1% on Tuesday as its weak open interest indicates that prices will likely remain range-bound in the coming days. The choppy price action coincides with ETH ETFs recording a third consecutive day of negative flows, with $20.3 million in net outflows on Monday. Daily digest market movers: Ethereum ETFs, high supply…
Hong Kong is quickly becoming a major player in the Web3 world, according to Yat Siu, CEO of a leading digital property rights firm. In a podcast, Siu observed that Hong Kong is establishing itself at the forefront of Web3 development, not just by advancing regulatory frameworks but also by enabling the trading of tokens through licensed exchanges. He added that Hong Kong was ahead of the curve on spot Bitcoin ETF futures, approving an ETH ETF before the U.S. Xiao Feng, chairman of the Hong Kong crypto exchange HashKey, shared Siu’s view. Feng highlighted the government’s dedication to making…
Ripple has unleashed 1 billion XRP from its escrow for July as scheduled, but this month’s escrow executions carried strange memos for community members. The escrow transactions occurred late July 1 via the Ripple 24 and 25 wallets. Notably, the company unlocked the 1 billion tokens in bits, with one transaction bearing a 500 million XRP value, while two other transactions unlocked 400 million and 100 million XRP. As is customary, Ripple has already returned 800 million XRP to escrow, with the leftover reserved for liquidation this month. Cryptic Memo Follows Ripple Unlock Interestingly, the July escrow transactions carried with…
TaskOn has recently teamed up with Nakapad, the creative project-launching platform. This alliance seeks to help creators advertise their projects, find fresh actual consumers, expand their community, increase volume, mint NFTs, or run a whitelist. TaskOn is delighted to announce our partnership with @Nakapad_io!Nakapad is a cutting-edge platform driving the next wave of Web3 innovation. With a robust launchpad, a comprehensive Web3 project toolbox, and NakaPump—the fairest meme token launch system—we’re building a… pic.twitter.com/MKBsnWocyj — TaskOn | Ultimate Web3 Community Growth Platform (@taskonxyz) August 28, 2024 TaskOn is a Web3 Collaboration Platform that provides users with a deep Web3 experience,…
Bitcoin.org, the website that introduced the world to decentralized digital currency, turns 16 years old today. Launched on August 18, 2008, by Bitcoin’s enigmatic creator, Satoshi Nakamoto, and early contributor Martti Malmi, the site remains a key resource for anyone seeking to learn about Bitcoin’s origins and evolution. Here’s a closer look at Bitcoin.org’s legacy, its role in the community, and some of the controversies surrounding it. The Birthplace of a Financial Revolution Bitcoin.org’s creation marked the beginning of a movement that would redefine money. Registered anonymously on August 18, 2008, the website became the first public space where the…
Good UX, good tokenomics, and good tech are all important. But these properties are worthless if there isn’t an even more precious attribute powering it all – liquidity. Exchanges, networks, and dapps live or die by liquidity. It is to traders what water is to humans. When liquidity runs dry, ecosystems start to wilt. No wonder that crypto builders devote so much resources to deepening liquidity. Whether it’s aping the latest memecoin on your favorite DEX or trading perps on a centralized orderbook, there needs to be sufficient liquidity to enter and exit positions at the desired price. Otherwise, you’re…
Ethereum experienced an outflow at the start of the week, according to recent data from Michael van de Poppe. Despite this, Bitcoin ETF has seen significant inflows. To regain upward momentum, Ethereum needs to break through 0.046 BTC resistance level. #Ethereum had outflow on the first day of the week, although it’s delayed information.There are 0 flows on BlackRock, while #Bitcoin ETF has provided a substantial inflow.Expecting this to pick up momentum, however, Ethereum still needs to break through 0.046 BTC. pic.twitter.com/9QmZXi2j6P — Michaël van de Poppe (@CryptoMichNL) August 20, 2024 Ethereum’s performance has been under scrutiny as it faces…