Crypto

MeFi serves as the Bloomberg on blockchain, MDT Co-Founder said.   Decentralised data exchange ecosystem Measurable Data Token (MDT) announced the launch of Measurable Finance (MeFi), a new blockchain oracle for capital market financial data in a press release yesterday.  MeFi is designed to act as a bridging force between the traditional financial markets and the Decentralised Finance (DeFi) sectors. Built for the DeFi ecosystem, MeFi allows access to off-chain external financial data feeds with reliable on-chain data.   The first version of MeFi integrates stock trading data from financial markets like Nasdaq, New York Stock Exchange (NYSE) and Hong Kong Stock Exchange (HKEX) with the DeFi world. Further, MDT plans to offer access to more varieties of financial data v...

Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet. Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.” In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the Senators including crypto critic Elizabeth Warren, voiced their “strongest opposition to Facebook’s revived effort to launch a cryptocurrency and digital wallet.” Earlier that day the Novi wallet was launched in partnership with Coinbase, with a pilot in the U.S. and Guatemala to enable users to buy, send and receive Pax Dollars (USDP) through their Novi account. Diem’s response to the letter stated the Senators had misunderstood the “relation...

NFT-game and virtual property developer Animoca Brands has doubled its valuation to $2.2 billion after closing a new funding round that fetched $65 million. The latest funding round was conducted at a pre-money valuation of $2.2 billion, and included backing from gaming giants Ubisoft Entertainment along with Liberty City Ventures, Sequoia China, Dragonfly Capital to name a few. It’s more vindication for a company that was kicked off the Australian Securities Exchange (ASX) in March 2020, in part for its involvement in cryptocurrencies. According to the Oct. 20 announcement from the firm, more than 43.8 million newly issued shares will be distributed to investors at a price of AUD $2 per share, or USD $1.51. We have closed a capital raise for US$65 million conducted at a pre-money valuatio...

Since the ProShares Bitcoin Strategy ETF started trading this week, it has become the fastest fund ever to reach $1 billion in assets under management (AUM). The highly anticipated launch of the first Bitcoin futures exchange-traded fund in the United States, BITO, has resulted in a number of milestone achievements. Bloomberg senior ETF analyst Eric Balchunas reported that the fund was the quickest ever to reach a ten-figure AUM after just two days of trading. BITO easily surpassed the previous record holder, a gold-based fund with the ticker GLD, which took three days to hit the billion-dollar mark in 2004. He commented that this was “poetically apropos,” presumably in reference to Bitcoin’s store of value properties and comparison to digital gold. RECORD BREAKER: $BITO assets up to $1.1b...

PleasrDAO has revealed itself to be the new owners of Wu-Tang Clan’s one-of-a-kind, unreleased album ‘Once Upon a Time in Shaolin’. The 74 members of the Decentralized Autonomous Organization (DAO) now share collective ownership of the album. The group purchased the sole copy of the album from the US federal government for $4 million at the end of July this year, collected it in September and moved it to a vault at an undisclosed location in New York. The DAO has minted the ownership deed as an NFT with the help of crypto savvy attorney Peter Scoolidge. A collective of DeFi leaders, early NFT collectors and digital artists, PleasrDAO is well known for tokenizing the original Doge meme and purchasing Edward Snowden’s ‘Stay Free’ artwork for 2,224 ETH. The government came to possess th...

After hitting a new all-time high price approaching $67,000 earlier on Wednesday, the market capitalization of Bitcoin briefly surpassed the total market cap of the Swiss franc. According to data from Fiatmarketcap, Bitcoin’s market cap was more than $1.263 trillion when the price of the crypto asset reached an all-time high of roughly $67,000 earlier on Wednesday. This briefly exceeded the value of the circulating supply of the Swiss franc at 1,158,489,000,000 CHF, or roughly $1.26 trillion. AssetDash also lists the total Bitcoin (BTC) market cap within $500 billion of Amazon. The price rise that led to Bitcoin flippening the franc in value came as crypto futures-linked exchange-traded funds, or ETFs, were being approved for trading on major United States stock exchanges. The Bitcoin Stra...

The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange. In an Wednesday announcement, Iconic Funds said it expected to list its BITA20 XA Crypto Asset Index Fund on the exchange “in the coming days,” with the fund offering direct exposure to cryptocurrencies. The fund invests most of its capital in the top 20 cryptocurrencies in addition to depositing tokens into certain staking and interest-bearing accounts. According to Iconic, only individuals who qualify—and not the general public—will be eligible to invest in the fund. “While the crypto world seems hyper focused on the ever-elusive spot Bitcoin ETF, we decided to stay ahead of the curve and list the Iconic BITA20 XA Crypto Asset Index Fund...

Fixed-income manager PIMCO is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class.  In an interview with CNBC on Wednesday, chief investment officer Daniel Ivascyn confirmed that PIMCO already has exposure to “crypto-linked securities” through various hedge fund portfolios. He said the firm plans to gradually increase its exposure to the asset class as part of its “trend-following strategies or quant-oriented strategies.” He further explained: “This will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area...

Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of the creditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed in the Tokyo District Court in February. In addition, he reported claimants representing roughly 83% of the total amount of voting rights voted in favor of the plan. The decision follows an Oct. 8 vote from thousands of Mt. Gox users whose losses are estimated to be worth in the billions of dollars. Kobayashi said the distribution of the assets likely wouldn’t begin for at least a month, once the rehabilitation plan...

Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector. In its primary showcase of utility, the project constructed a decentralized application (DApp) —accessible on both the Ethereum and testnet blockchains — which enables DeFi participants to access stock trading data from some of the world’s largest financial marketplaces, including the Nasdaq, New York Stock Exchange (NY and Hong Kong Stock Exchange (HKEX). With the introduction of these services, decentralized data sharing network Measurable aims to advance the DeFi industry into the mainstream, unifying the divide between the real-life and on-chain worlds. Orac...