Private equity firms Deus X Capital and Bridgetower Capital are set to launch a new $250 million crypto infrastructure platform, bringing crypto staking, investing and other digital asset services to institutional investors in the Middle East. The new entity, Bridgetower Middle East, will be based in the Abu Dhabi Global Market, a free economic zone…
Among the myriad of blockchains introduced in the last decade, TRON has effectively catered to the rising demand for stablecoin products and services with its scalable and cost-efficient platform. This capability has garnered attention from leading stablecoin companies, including Tether and Circle, which issue Tether and Circle USD, and has attracted significant interest in retail payment…
Ethereum’s Dencun upgrade, introducing “proto-danksharding,” has successfully completed its final stage of testing via the Holesky testnet and is now awaiting a date for its mainnet deployment. Data shows the Dencun upgrade was forked on Holesky at about 11:35 am UTC on Feb. 7, with Nethermind sharing the news on X shortly after. The upgrade is widely…
El Salvador’s lofty ambition to lead the world in Bitcoin adoption may require more than the re-election of its Bitcoin-loving President Nayib Bukele, according to merchants and Bitcoin enthusiasts on the ground. Bukele, who served as president between June 2019 and December 2023, was the driver behind making Bitcoin legal tender in El Salvador in September 2021….
The CEO of crypto exchange Bitsonic has reportedly been sentenced to seven years in prison, while the firm’s technology chief was sentenced to one year in jail for stealing $7.5 million (10 billion South Korean Won) worth of customer deposits. On Feb. 6, South Korean media outlet Yonhap News reported a Seoul District Court sentenced CEO Jinwook…
Crypto investors made nearly $900 in net gains on average from selling crypto in 2023, a “stark contrast” from 2022, which saw billions wiped from investors amid several crypto firms’ collapses, according to data from crypto tax software provider CoinLedger. CoinLedger analyzed 500,000 of its users’ reporting and found the average crypto investor took home…
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