BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
ARK Investment Launches Its First Crypto Managed Account for RIAs
Independent managed account provider Eaglebrook Advisors has announced a partnership with Ark Invest to develop the ARK Cryptocurrency Strategy and ARK Crypto Asset Strategy.
NYDIG has Raised $720 Million for its Institutional Bitcoin Fund
On Oct. 3, New York-based digital investment group NYDIG raised $720 million for its institutional bitcoin fund, according to filings with the U.S. Securities and Exchange Commission.
Crypto Miner Merkle Increases Hash Rate 9x to 3.1EH/s in 8 Months
Bitcoin miner Merkle Standard has formed a joint venture with Bitmain, one of the world’s largest Bitcoin mining equipment manufacturers, to increase its total computing power, or hash rate, from about 0.3 EH/s to 3.1 exahash ( EH/s), the computing power is increased by 900%.
Fiat Exchange Volumes Down 5 Times in a Row: The Block
Fiat exchange volumes fell for the 5th time in a row as Sept ended. Among crypto exchanges that support fiat, FTX ranked highest in terms of volume in Sept with 24.6%, followed by Coinbase with 22.7 % and Upbit with 13%.
Crypto Exchange Volumes Sees Growth since May, Jumped to $733 billion in Sep
Trading volume on cryptocurrency exchanges jumped to $733 billion in September, up 16% month-on-month and marking the first significant increase since May.
Pro-Russian Group Raises $400K in Crypto to Support Russian Military Actions
Pro-Russian groups are raising funds through cryptocurrencies to support Russian military operations as the Russian-Ukrainian war continues.
BitMEX to Launch Platform Token BMEX by the End of 2022: CEO
The CEO of BitMEX announced it will launch its exchange token BMEX by the end of this year, citing that the present market conditions are not ideal enough.
Cryptex Finance to Launch NFT Index Token JPEGz in Q4
Cryptex Finance is set to launch a new JPEGz token powered by Chainlink and Coinbase Cloud.
PwC Hong Kong and TerraZero Partner to Explore Metaverse Products
PricewaterhouseCoopers (PwC) Hong Kong and Metaverse Technology Company TerraZero Enter into Collaboration to Explore Metaverse Products and Services.
Stablecoin USDC Issuer Circle Launches Verit-based Institutional Digital Identity System
On October 1, Circle, the US dollar stablecoin USDC issuer, announced the launch of an institutional digital identity system based on Verit, an open source framework for the issuance, custody and verification of decentralized identity credentials.