The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows.

Blockchain-based private loans hit $582M, doubling from 2022

Blockchain-based lending has regained momentum in 2023, with the value of active tokenized private credit now sitting at $582 million — a staggering 128% increase from a year ago.

9 months ago

More than $118 million in legal and advisory fees were billed to the bankrupt crypto exchange between August and October, amounting to $1.3 million per day.

FTX loses $53K every hour on ‘bankruptcy fees,’ latest filings show

In the three months ending Oct. 31, defunct crypto exchange FTX has been burning through approximately $53,000 every hour on bankruptcy lawyers and advisers, the latest round of compensation fil...

9 months ago

The Web3 metaverse developer Improbable sold its gaming venture, The Multiplayer Group, as a part of its venture strategy for 2024.

Improbable sells gaming venture for $97M, shares 2024 metaverse predictions

Metaverse technology company Improbable announced in an end-of-the-year statement on Dec. 18 that it had sold its Web3 gaming venture, The Multiplayer Group (MPG), to Keywords Studios ...

9 months ago

Helium Mobile (MOBILE) is spearheading a dynamic shift in the crypto market towards smaller-cap altcoins, with its price surging by 90% in the last 24 hours to $0.0072.

Helium Mobile’s 90% price increase in 24 hours caps altcoin surge

The altcoin’s surge is mirrored in its trading volume, which has escalated by 243%, reaching $19.8 million. The driving force behind Helium Mobile’s rapid price increase is...

9 months ago

Bitcoin Development Platform Tap Protocol Secures $4.2 Million in Funding

Bitcoin Ordinals-based development platform Tap Protocol has raised over $4 million in an oversubscribed round, promising more “big” news to come....

9 months ago

Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs were returned to their owners after Yuga Labs' Greg Solano and Boring Security DAO paid a bounty.

Major NFT Indicies Stable After NFT Trader Hack

Nansen’s NFT-500 and Blue-Chip-10 indexes were stable after nearly $3 million worth of non-fungible tokens (NFTs) were stolen from trading platform NFT Trader. The Nansen NF...

9 months ago

Back Still Believes Bitcoin Would Reach $100,000

Blockstream CEO Adam Back: Bitcoin ETFs Could Propel Price to $100,000

Blockstream CEO Adam Back believes 2024 could mark a period of resurgence for Bitcoin (BTC), propelling the leading cryptocurrency towards $100,000.  In a recent interview, t...

9 months ago

Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.

Binance, crypto firms optimistic about UAE amid potential US regulatory shift

Binance and other cryptocurrency firms based in the United Arab Emirates are optimistic that the country will remain a hotspot for virtual assets despite a potential shift to the United States s...

9 months ago

Toronto Stock Exchange owner TMX is finalizing the purchase of VettaFi, an ETF tool that lists blockchain and cryptocurrency-themed E3TFs, including the VanEck Digital Transformation ETF.

TMX buys 78% of ETF tool VettaFi for $848M, boosting stake to 100%

TMX Group, the operator of Canadian stock exchanges such as the Toronto Stock Exchange and the Montreal Exchange, is finalizing the acquisition of VettaFi, a significant player in the exchange-t...

9 months ago

The Iota Foundation wants to capitalize on institutional demand for real-world asset tokenization, which reached $342 billion in September.

Iota’s ShimmerEVM joins Fireblocks, targets demand for assets tokenization

Open-source blockchain developer Iota has taken another step to meet institutional demand for asset tokenization by integrating its Shimmer Ethereum Virtual Machine (EVM)-compatible chain with F...

9 months ago