Decentralized finance (DeFi) -focused Layer 1 blockchain platform Berachain, announced it has secured $100 million in a funding round led by Brevan Howard Digital and Framework Ventures. In an announcement made using the social media platform X, the firm said additional funding came from Polychain Capital, Samsung Next, Hack VC, Animoca Brands, and Hashkey Capital,...
The Australian Securities and Investments Commission (ASIC) has received a nod from a Federal Court to appoint receivers for digital assets held by a group of collapsed crypto mining companies and their sole owners. ASIC Takes Action Against Collapsed Crypto Mining Companies ASIC launched civil proceedings against three crypto-mining firms, collectively known as NGS Companies....
Solana developers on Monday announced a mainnet beta update, version 1.17.31, aimed at addressing the network’s recent congestion problems. This update specifically tackles issues caused by spam transactions, which have significantly slowed processing times and caused frequent transaction failures. In addition to alleviating network congestion, it is expected to stabilize issues related to recent open...
Bitcoin price prediction analyses see BTC trading at $64,950, up by nearly 2.50% amidst ongoing Middle East tensions. The volatile environment influences Bitcoin‘s market behavior, testing crucial support levels. Gold Rises Amid Middle East Tensions, Asian Markets and Bitcoin Decline The recent attack by Iran on Israel heightened fears of an escalating Middle East conflict,...
Winklevoss Capital, an investment firm founded by twin brothers Cameron and Tyler Winklevoss has invested $4.5 million in a non-league football club which is owned by crypto podcaster Peter McCormack. In an announcement, the UK-based football club Real Bedford (RBFC) said, following the investment both of the Winklevoss brothers will assume the role of co-owners...
Hong Kong Securities and Futures Commission (SFC) has just approved first spot Bitcoin and Ethereum exchange-traded funds (ETFs). Several official announcements have confirmed the approvals, including those submitted by China Asset Management Co. (China AMC), Harvest Global Investments, and Bosera International and HashKey Capital. First Bitcoin ETF Issuers in Hong Kong According to the post...
U.S. stocks closed sharply lower on Friday, as geopolitical tensions, inflation worries and mixed earnings and guidance from major banks rendered the mood a bit bearish. The major averages all ended in the red. The Dow ended with a loss of 475.84 points or 1.24 percent at 37,983.24. The S&P 500 drifted down 75.65 points...
The U.S. dollar climbed higher on Friday as escalating geopolitical tensions prompted investors to seek the safe-haven currency. Uncertainty about interest rate cuts before June contributed as well to the dollar\'s rise. The dollar index surged to 106.11 around late morning, and held firm thereafter. The index was last seen at 106.02, up 0.7% from...
The Canadian market ended weak on Friday on widespread selling as concerns about inflation, uncertainty about the likely timing of interest rate cuts, and rising geopolitical tensions weighed on sentiment. All the sectoral indices ended in negative territory. Healthcare, technology, communications, consumer discretionary, utilities, energy, materials and financials stocks fell. The benchmark S&P/TSX Composite Index...
Japan will on Monday release February figures for core machinery orders, highlighting a light day for Asia-Pacific economic activity. In January, core machinery orders were down 1.7 percent on month and 10.9 percent on year. South Korea is scheduled to provide preliminary April figures for imports, exports and trade balance. In March, imports were down...