Author: Chayanika Deka

Chinese language fabless built-in circuit design firm Nano Labs has introduced that it has opened a Coinbase account and begun accepting Bitcoin funds for its merchandise. Its determination to develop its world transaction choices coincides with Bitcoin reaching an all-time excessive of $90,000. Nano Labs Flip to Bitcoin In its official press launch, Nano Labs said that it’s responding to the rising demand for digital foreign money transactions within the know-how sector by accepting Bitcoin funds. As cryptocurrency adoption will increase, significantly amongst companies on the lookout for environment friendly and safe strategies for cross-border transactions, the corporate stated its…

Alameda Analysis, the buying and selling arm of the bankrupt crypto alternate FTX, has filed a lawsuit in opposition to Aleksandr Ivanov, the founding father of the Waves blockchain and its associated entities. The courtroom submitting on November tenth revealed that Alameda goals to get well a minimum of $90 million, which it states belongs to the agency and the debtors concerned within the FTX chapter. Alameda reported that it had beforehand deposited these belongings with Vires.Finance, a liquidity platform on the Waves community. Alameda Seeks Asset Restoration of $90M In March 2022, Alameda transferred roughly $80 million in stablecoins…

Google searches for Bitcoin have surged considerably because the cryptocurrency’s worth hit yet one more report excessive above $80,000 right this moment. This surge in curiosity displays rising world consideration as Bitcoin continues to achieve traction amongst retail and institutional buyers alike. Bitcoin Searches on Google Trump’s Win Boosts Bitcoin Curiosity You will need to notice that cryptocurrency curiosity has soared after Donald Trump’s victory within the US presidential election. His victory triggered an enormous rally in Bitcoin and the remainder of the market as his marketing campaign pledged help for the sector. As soon as a skeptic, Trump outlined…

Medical diagnostics firm Semler Scientific has acquired a further 47 BTC for $3 million utilizing working money move since its earlier disclosure in August. Alongside its third-quarter outcomes, the corporate revealed that its bitcoin holdings have reached 1,058. This stash is value round $80 million in complete purchases as of November eighth on account of latest value appreciation. “Laser Targeted” on Bitcoin Semler Scientific posted $13.5 million in income for Q3, a 17% lower. Working revenue was $5.1 million, down $1.2 million from Q2. Regardless of this, it stays “laser-focused” on buying and holding Bitcoin. In response to Semler Scientific’s…

Animoca Manufacturers – the Hong Kong-based Web3 large – led the enterprise panorama in October, signaling broader ambitions throughout totally different sectors. Messari reported that Animoca made 9 investments, surpassing different lively entities similar to CMS Holdings, which made seven, and Hack VC with six. Animoca Manufacturers Pushes Enterprise Limits in October Historically identified for its give attention to gaming and digital collectibles, Animoca expanded its scope this month. Based on Messari’s knowledge, the agency has dipped its toes into sectors like decentralized finance (DeFi), decentralized bodily infrastructure networks (DePIN), synthetic intelligence (AI), and others. Trailing behind Animoca are Celestia’s…

The long-lasting NFT assortment CryptoPunks seems to be making a comeback this yr amidst the continuing NFT bear market. Based on CoinGecko, the CryptoPunks assortment presently leads the NFT market with a 30.9% share among the many high collections, a place it solidified after surpassing Bored Ape Yacht Membership (BAYC) in Might 2023. CryptoPunks Sees Resurgence However BAYC Loses Floor Originally of 2022, CryptoPunks held a 24.8% share, trailing BAYC’s 29.3% lead. Although it briefly overtook BAYC in November 2022, CryptoPunks quickly fell again to second however stored an in depth hole, lastly reclaiming the highest spot in Might 2023…

The full quantity raised within the crypto trade throughout October 2024 noticed a major improve of 96% month-over-month, reaching $1.76 billion. In keeping with Messari’s newest report, this represents the very best degree of fundraising exercise since November 2023. 282 Crypto Offers in October The report reveals that the deal depend in October elevated by 25% in comparison with the earlier month, totaling 282 offers. A number of notable funding rounds contributed to the sturdy efficiency in October, together with a $525 million elevate by Praxis and a $68 million spherical for Infinite, a multi-chain platform. It additionally contains Kraken…

Jack Dorsey’s funds and blockchain infrastructure firm, Block Inc., is shifting its focus to develop new instruments for Bitcoin miners and improve its self-custody crypto pockets. In keeping with the newest shareholder letter, the agency plans to cut back its funding in TIDAL, Jay-Z’s former music streaming platform, whereas additionally winding down TBD, its Bitcoin-focused unit that aimed to create a decentralized web generally known as “Web5.” Apparently, the announcement of Block’s concentrate on Bitcoin mining got here in the identical week that Donald Trump gained the US presidential election, promising a extra crypto-friendly atmosphere on this planet’s largest economic…

Donald Trump’s win triggered huge features for not simply digital belongings but in addition crypto-related shares, and ETF flows on November 6 and seven as stakeholders await potential regulatory readability, legislative developments, and anticipated shifts throughout the Securities and Alternate Fee. Following the outcomes, information confirmed billions price of ERC-20 stablecoins flowing into exchanges. This might probably sign an extension of the present rally. ERC-20 Stablecoins Flood Into Exchanges In keeping with CryptoQuant’s newest evaluation, there was a big surge in ERC-20 stablecoin inflows, totaling $9.3 billion, following the latest US presidential election outcomes. This marks the second-largest inflow of…

Crypto market maker and liquidity supplier Wintermute has proposed a price swap framework for the Ethena protocol. The principle goal behind this transfer is to determine income alignment with sENA token holders and make clear Ethena’s protocol income construction. Wintermute’s Charge Change Proposal In keeping with Wintermute, sENA holders – those that have staked their Ethena tokens – don’t profit straight from Ethena’s income progress regardless of the protocol’s success with the USD-pegged stablecoin, USDe. The newest proposal, submitted to the Danger Committee on Wednesday, suggests enabling a future income allocation to sENA to align token holders with Ethena’s monetary…