In a strategic move to bolster the Web3 ecosystem, venture capital firm Lemniscap has unveiled a new $70 million fund aimed at early-stage blockchain startups. Announced on August 28, this latest initiative marks a significant expansion of Lemniscap’s commitment to nurturing blockchain innovation across multiple sectors. The newly established fund […]
In a bold move set to reshape the crypto investment landscape, quantitative investment firm Hilbert Group has announced a strategic partnership with Xapo Bank. The collaboration aims to introduce a new Bitcoin-denominated hedge fund, scheduled to launch in September 2024. This innovative fund is poised to attract over $200 million […]
In a surprising twist on the global financial stage, the Singapore dollar (SGD) is steadily gaining ground against the US dollar. After nearly a decade of slow and steady growth, the SGD has recently seen a rise of 0.017%, signaling its potential to become a dominant force in the currency […]
Buckle up, tech enthusiasts! This week promises to be a pivotal one for the world of technology, with all eyes glued to Nvidia’s (NVDA) highly anticipated earnings report scheduled for August 28th. Analysts are predicting a record-breaking performance for the AI chip leader, with some even calling it “the most […]
The Bank of Japan (BOJ) is signaling its commitment to combating inflation with more aggressive monetary tightening. Governor Kazuo Ueda has reaffirmed the central bank’s stance on potential interest rate hikes, sending shockwaves through the financial markets. In a recent statement, Ueda emphasized that the BOJ remains prepared to adjust […]
In a recent development that has stirred the financial markets, both the St. Petersburg and Moscow exchanges have denied claims that they are preparing to launch a state-run cryptocurrency trading platform. Earlier this week, rumors began to circulate that these major Russian stock exchanges were planning to introduce crypto trading […]
Shiba Inu (SHIB), one of the most well-known meme coins in the cryptocurrency world, has recently emerged from a challenging period. August saw the coin suffer alongside much of the market, with significant price drops plaguing the broader cryptocurrency landscape. However, as the market begins to show signs of recovery, […]
JPMorgan Chase & Co. has lowered its price targets for several bitcoin mining companies, citing declining bitcoin prices and increased network hashrate as primary factors. The investment bank’s report, released on Friday, also highlighted potential opportunities for certain miners despite the overall bearish outlook. The analysts at JPMorgan, Reginald L. […]
After enduring two years of high inflation and elevated interest rates, Americans may finally see some financial relief on the horizon. Federal Reserve Chair Jerome Powell delivered a strong indication on Friday that the central bank is preparing to cut interest rates next month, marking a significant shift in its […]
Stocks surged on Friday as Wall Street reacted positively to Federal Reserve Chair Jerome Powell’s remarks indicating that long-awaited interest rate cuts are on the horizon. The Dow Jones Industrial Average climbed 467 points, or 1.12%, while the S&P 500 rose by 1.1%, and the Nasdaq Composite added 1.4%. All […]
In a significant move set to reshape the decentralized identity landscape, Web3 data platform cheqd has announced a strategic partnership with blockchain platform Dock. This collaboration, revealed in a press release on September 18, aims to catalyze the global adoption of Decentralized Identity (DID) solutions by uniting their respective strengths. […]
