Efforts are still underway to form a crypto recovery fund in the wake of liquidity crunch after the FTX collapse. A team of Binance executives led by CEO CZ sought funds for the crypto industry recovery fund from some high profile investors in Abu Dhabi last week. According to reports, there is still a lot of work to do before there is any clarity on the magnitude of the fund. Earlier, CZ said there was ‘significant investor interest’ in...
Recently, a former Goldman Sachs executive explained why he had “no issue” with XRP, the native digital asset of the open-source public XRP Ledger (XRPL), which was created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005,...
In the first phase of its presale, a new and unique Defi project known as Orbeon Protocol will enable investors to enter the venture capital industry. ORBN, the native utility token of Orbeon Protocol, has already increased in value from $0.004 to $0.014. Orbeon Protocol (ORBN) allows everyone to invest in early-stage startups Orbeon Protocol is a decentralized investment platform that enables investors to invest in early-stage firms that they believe in. This is achieved by minting startups as NFTs and...
HJH REAL Token (HJHRE), a tracking token designed to monitor and derive its value from the profitability of HJH Investments’ real estate portfolio, today announced its Q3 2022 financial results. Subsequently, it hosted a mining event of 3,451,218.65 tokens at the Proof of Volume price of $0.9561840. This mining event brings the total number of HJHRE tokens in circulation to 480,550,908.46. HJHRE mining events occur quarterly, contingent upon HJH Investments acquiring additional real estate assets. The value of purchased assets...
Composable Finance seeks to address issues around DeFi complexity by simplifying the cross-chain user experience in a non-custodial manner through use of IBC and their own product suite. After a series of development and audits, its Kusama parachain, Picasso, is scheduled to go live on Friday, November 25th with the core pallets that make up the network to be released. From inception, every product in Picasso’s technology stack was designed to take full advantage of IBC. As a parachain on...
SOL’s RSI and stochastic were oversold Metrics and several market indicators were also bullish Solana [SOL] has daunted its investors for quite a few weeks now, as its price has continued to decline. To add to it, SOL lost its position as the 15th largest crypto in terms of market capitalization to TRON [TRX]. As per CoinMarketCap, SOL, at the time of writing, registered more than 15% negative weekly losses and was trading at $11.78 with a market capitalization of over...
Crypto brokerage firm Genesis Trading is struggling majorly to raise fresh capital in its current time of distress. As per the latest WSJ report, the crypto lender also approached players like Binance and Apollo Global Management to bid for its loan book. However, sources familiar with the matter said that Binance has decided not to invest in Genesis at this point. As per the sources, Binance believes that some of Genesis’s businesses might create a conflict of interest in the...
© copyright 2023. All Rights Reserved.