Prime Trust parent company lost $8M investing in TerraUSD
Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin.This post was originally published on this site
ARK, Glassnode propose Bitcoin economic analytics framework using new metric
In Cointime Economics, the time Bitcoin has been held is considered when it is transacted, giving hodlers’ transactions greater weight.This post was originally published on this site
Vessel Capital secures $55M to invest in Web3 infrastructure: Report
The venture firm has introduced its crypto fund for Web3 infrastructure and applications, promising a collaborative approach with startup founders. This post was originally published on this site
Bitcoin gains traction in West Africa with educational drive
As anti-French sentiment rides high in West Africa, Bitique opens its doors, the “Bitcoin Mastermind” conference beckons and more nodes come online to verify the Bitcoin blockchain.This post was originally published on this site
Thailand’s next prime minister Srettha Thavisin has crypto history
Thavisin was once CEO of Sansiri, one of Thailand’s largest real estate firms, known for backing crypto projects like XSpring.This post was originally published on this site
SEC charges crypto investment manager Titan with misleading advertising claims
The case against Titan Global Capital Management is the first brought under the U.S. regulator’s 2020 revised marketing rule. It also touches on compliance issues. This post was originally published on this site
New Zealand parliamentary report advises against hasty crypto regulation
An independent report prepared for a House committee suggests the government foster the development of digital asset technology and regulate it cooperatively.This post was originally published on this site
Securitize acquires $40b crypto fund manager Onramp
Digital securities firm Securitize will provide new alternative assets to major cryptocurrency firms like WisdomTree and Valkyrie Invest.This post was originally published on this site
SEC delays set deadline for Bitcoin ETF approval to early 2024
With a maximum 240-day window available to the SEC to delay crypto ETF applications, some firms could wait until March 2024 to hear decisions on filings made in July 2023.This post was originally published on this site
Anthropic AI raises $100m from South Korea to bolster telecommunications industry
The Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster industry.This post was originally published on this site