Crypto-focused hedge fund Multicoin Capital has delivered extraordinary returns to its investors, exceeding 9,000% since its launch in 2017. In its annual investor letter, the fund revealed that after experiencing significant losses in 2022 that nearly wiped out its value, Multicoin Capital’s fortunes have dramatically turned around. According to the investor letter, dated February 16,…
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DigiFT, a Singapore-based fintech company, has made a foray into the digital asset realm with the launch of the its US Treasury bill depository receipt (DR) tokens. The DR tokens offer investors fractional ownership in the underlying US Treasury bills, enabling investors to gain exposure to the traditionally secure US debt market without the need…
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Japanese telecoms companies are moving into the web3 space, with a subsidiary of the communications giant NTT set to launch a crypto wallet. Per the Japanese media outlet Project Design Online, NTT Digital will launch its wallet “by the end of 2024.” The company has partnered on the project with the US-based now.gg platform. The…
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Andrew Tate earned a staggering $85 million during the last bull run by investing in decentralized exchange PancakeSwap. In a recent post on X, Tate emphasized the importance of distinguishing between speculative meme coins and genuinely innovative blockchain projects. “There’s meme coins that’s great. But each bull run there are the genuinely technological useful or innovating…
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Institutional interest for Bitcoin and other digital assets has been apparent in previous years. Yet industry experts believe that investors are taking a newfound interest in Bitcoin (BTC) following the approval of 11 US spot Bitcoin exchange-traded funds (ETFs). David Lawant, Head of Research at FalconX – an institutional crypto brokerage – told Cryptonews that…
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The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion. The surge in capital locked on-chain is primarily attributed to the renewed enthusiasm surrounding Bitcoin and the recent launch of spot Bitcoin (BTC) exchange-traded funds (ETFs) in January. According to DefiLlama, a prominent data…
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European cryptocurrency exchange Bitstamp has received in-principle approval for its license application to offer digital asset services in Singapore. The approval, granted by the Monetary Authority of Singapore (MAS), allows Bitstamp to establish its presence in key markets in the Asia-Pacific region and globally, according to a Wednesday report by The Straits Times. Previously operating under…
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The recent surge in the price of Bitcoin (BTC) has injected fresh life into Indian cryptocurrency exchanges, as trading volumes on the top platforms reached a ten-month high in February. CoinDCX, WazirX, and BitBNS, the leading Indian exchanges, recorded trading volumes of $2.6 million, $3.4 million, and $7.8 million last month, respectively, BusinessLine reported, citing data…
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Tether’s USDT has achieved yet another milestone by surpassing a market capitalization of $100 billion. On March 4, Tether (USDT) briefly reached the $100 billion mark, with an impressive growth of 9% year-to-date, according to data by CoinGecko. Comparatively, USDT maintains a lead of over $71 billion in market cap when compared to its closest…
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The majority of attendees at ETH Denver, one of the largest Ethereum conferences, believe that bullish sentiment is pervading the crypto market. Even Joe Lubin, co-founder of Ethereum and CEO of Consensys, shares this optimistic outlook, asserting that the best is yet to come. During a chat moderated by Axios reporter Crystal Kim on February…
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