Sybil attack concerns spark controversy for EtherFi airdropped ETHFI token

Liquid restaking platform EtherFi’s ETHFI token has faced considerable struggles since its airdrop, partly due to one of its early investors selling their airdropped tokens. Blockchain analytical firm Nansen reported how Arrington XRP Capital , one of EtherFi’s investors, allegedly may have gamed EtherFi’s airdrop process for personal profit. Arrington ‘sybils’ EtherFi Nansen’s findings reveal that… Continue reading Sybil attack concerns spark controversy for EtherFi airdropped ETHFI token

Institutions looks to deploy Bitcoin as liquidity to Lightning Network to earn yield

Bitcoin Lightning Network liquidity provider LQWD Technologies has partnered with Amboss Technologies to establish further institutional liquidity on Lightning. The collaboration positions LQWD to contribute liquidity to Amboss’s marketplace, enabling the fulfillment of market demand for Lightning Network liquidity while generating a yield on LQWD’s Bitcoin holdings. Amboss, a provider of data analytics solutions and… Continue reading Institutions looks to deploy Bitcoin as liquidity to Lightning Network to earn yield

Nomura Bank launches Libre with Polygon for on-chain tokenization of alternative assets

Libre, the institutional Web3 infrastructure platform, has officially launched on-chain, enabling the tokenization of alternative assets following its successful cross-chain transaction on Polygon,  according to a March 19 statement shared with CyptoSlate. Libre is a collaborative effort between WebN, a web3 incubator hub, and Japan-based investment bank Nomura’s digital asset subsidiary, Laser Digital. Earlier in… Continue reading Nomura Bank launches Libre with Polygon for on-chain tokenization of alternative assets

Record $13.2 billion YTD inflow into digital assets eclipses 2021 total

Last week, digital asset investment products experienced a $2.9 billion net flow, marking two consecutive weeks of record-breaking inflows, according to CoinShares’ latest weekly report . This achievement propelled digital asset products to a new annual net flow record of $13.2 billion, exceeding the entire inflow for the 2021 bull run, which stood at $10.6… Continue reading Record $13.2 billion YTD inflow into digital assets eclipses 2021 total

Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin . However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor , has acquired over 15,000 BTC worth nearly… Continue reading Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

Zero Knowledge protocol Polyhedra Network valued at $1 billion despite recent token theft

Polyhedra Network, the zero-knowledge protocol zkBridge developer, became the latest crypto company to reach unicorn status after it raised $20 million in a funding round that valued it at $1 billion, according to a Mar. 14 statement shared with CryptoSlate. This development occurred less than a day after the project experienced a breach that allowed… Continue reading Zero Knowledge protocol Polyhedra Network valued at $1 billion despite recent token theft

MicroStrategy looks to raise another $500 million via debt to buy more ‘apex property’

MicroStrategy is looking to raise another $500 million via a bond offering to continue growing its Bitcoin stash less than a week after completing a similar debt sale, according to a March 13 press release . The latest senior convertible notes come with a March 15, 2031, maturity date and offer investors a semi-annual interest… Continue reading MicroStrategy looks to raise another $500 million via debt to buy more ‘apex property’

Coinbase looks to raise $1 billion via bond offering amid bullish market trend

Coinbase announced plans to launch a $1 billion bond offering to raise funds for its growth and expansion, according to a March 12 filing . The bonds, designated as unsecured convertible senior notes, are set to mature in 2030, offering investors the option to convert their holdings into Coinbase shares or cash at that time.… Continue reading Coinbase looks to raise $1 billion via bond offering amid bullish market trend

MicroStrategy spends $821 million to grow its Bitcoin hoard to 205,000

MicroStrategy has increased its Bitcoin stash to more than 200,00 after acquiring 12,000 Bitcoin for $821 million between Feb. 26 and Mar. 10, according to a Mar. 11 SEC filing . This purchase was primarily financed by the net proceeds from its recent convertible debt offering, alongside excess cash reserves. With this purchase, MicroStrategy has… Continue reading MicroStrategy spends $821 million to grow its Bitcoin hoard to 205,000

SBI looking to set up joint crypto ventures with foreign firms

SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal.