Author: NBTC
Eclipse Fi, a famous DeFi liquidity and launch protocol, has announced an exclusive integration. The company has asserted that it is integrating KinetixFi (a prominent decentralized exchange) to provide a one-stop shop for DeFi-related services and products. On its official X account, the firm mentioned that KinetixFi operates under the Kava network. 🚨 The $KFI Kinetix IDO on Eclipse Fi is coming soon!@KinetixFi is a one-stop shop for everything DeFi. They’re an EVM-based project, built on the Kava network, looking to make DeFi easier, more efficient and overall better for everyone. – A team that built one of @0xPolygon… pic.twitter.com/clneyfyb5s…
Private equity firm EQT AB has agreed to sell Rimes Technologies to Five Arrows, Rothschild & Co.’s alternative assets division. This news, announced by EQT, involves the company and its co-shareholders selling Rimes to Five Arrows Long Term Fund (FALT) and Five Arrows Principal Investments (FAPI). EQT to sell data management tech firm Rimes to Five Arrows https://t.co/1LOFxb5884Swedish Fintech firm EQT has agreed to sell Rimes to Rothschild & Co.’s alternative assets unit Five Arrows. — 📍FinTech.CEO 📍CBDCs.AI (@CryptectiveHQ) April 13, 2024 The exact sale price hasn’t been revealed, but Bloomberg News reports that the transaction values Rimes at anywhere…
Ethena Labs, a decentralized protocol focused on the yield-generating USDe stablecoin, has become a point of contention among crypto investors, drawing parallels with the Terra ecosystem, which faced a tumultuous collapse in 2021. Ethena Labs Creates Controversy with High Return Strategy and Compared to Terra Ethena’s token has sparked mixed reactions within the crypto community since its public launch in February. Stakeholders who stake USD for at least seven days are currently enjoying an annual return of approximately 37%. This high return enabled the total value locked (TVL) on the protocol to rise from $178 million to $2.3 billion in…
Matthew White, the CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), has voiced intentions to alleviate regulatory pressures on smaller cryptocurrency entities. Speaking at a regulatory panel during the Paris Blockchain Week, White acknowledged the imperfections in current crypto regulations and emphasized the need for improvements, particularly to support smaller players in the industry. White highlighted the significant financial strain associated with regulatory compliance, particularly for smaller businesses lacking adequate resources. He expressed VARA’s focus on exploring solutions to mitigate these challenges, aiming to create a regulatory environment that accommodates all participants. Among the proposed measures is a concept where…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. After a lengthy legal dispute, London’s High Court of Justice has formally determined that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One of the great mysteries of the Bitcoin community since its inception has been quite related to the inception itself: who is Satoshi Nakamoto? This pseudonym is all we have to go on…
HashKey Global, a leading figure in the cryptocurrency sector, has inaugurated its latest venture, a global exchange located in Bermuda. This development positions HashKey alongside Coinbase, marking a significant expansion from its origins in Hong Kong to the international stage. During a discussion on April 8 with Bloomger, Ben El-Baz, the Managing Director of HashKey Global, shared insights into the company’s decision to establish its exchange in Bermuda. The decision came after witnessing Coinbase’s successful acquisition of a Bermuda license, showcasing the island’s favorable and robust regulatory environment for cryptocurrency exchanges. This move is seen as an essential step for…
If you’re a keen reader of CryptoSlate, you may have noticed that our editorial style avoids referring to Bitcoin as ‘crypto.’ This isn’t accidental, and the choice was not pedantic. We believe that Bitcoin stands apart from other digital assets we traditionally classify under the broad term ‘crypto.’ I stand behind this vision; however, it has not always been the case. My profile describes me as a “blockchain maxi,” and this was born, I now believe, from a critical misunderstanding of the intangibles of Bitcoin. One of the first articles I wrote in this space promoted the concept that a…
Litecoin (LTC) has reached a historic milestone, as reported by IntoTheBlock. The network now boasts over five million long-term holders, comprising an impressive 62.5% of all LTC addresses with a balance. This achievement marks a significant moment for the cryptocurrency, demonstrating its widespread adoption and long-term viability. The growth in long-term holders has been particularly notable in recent months. The number surged by 170,000 in just over a week at the end of February, signaling a strong trend toward holding LTC for extended periods. Additionally, the number of “Crusiers,” who have held LTC for 1-12 12 months, stands at 2.54…
The Montenegrin court once again approved the extradition of Do Kwon, one of the key figures in the Terra (LUNA) cryptocurrency collapse, leaving the final decision to the Minister of Justice Andrej Milovic. This decision came after the local Supreme Court canceled Kwon’s extradition to South Korea and restarted the process. The Supreme Court of Podgorica ordered Kwon’s extradition and stated that the legal requirements for extradition “to South Korea and the United States” had been met. The final decision on extradition will be made by Minister of Justice Andrej Milovic. The Supreme Court of Podgorica decided to extradite Kwon…
In a week marked by volatility in Bitcoin prices, US spot Bitcoin exchange-traded funds (ETFs) reached record highs, witnessing unprecedented levels of both net inflows and trading volume. Spot Bitcoin ETFs Experience Record Weekly Inflows and Trading Volume Data compiled by BitMEX Research and Farside Investors revealed that net inflows into spot Bitcoin ETFs rose to $2.57 billion in the week ending last Friday. This figure marks a significant increase of 15% compared to the previous week’s total inflow of $2.24 billion. BlackRock’s IBIT ETF, which led the way in terms of net inflows, reached a significant figure of $2.48…