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“From the start, we’ve managed the USDC reserve to minimize risk – liquidity, counterparty, operational, reputational and more – so that USDC holders can be confident their money is sound and redeemable 1:1 for U.S. dollars at any time,” the company said in a statement. Placing the assets in a
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“We see no concerns surrounding this upcoming unlock, and even if some short-term selling should occur,” Robbie Ferguson, co-founder of Immutable, wrote in an email. “The top 30 IMX holders, representing 85% of the remaining tokens, have committed to holding – many of whom are long-term equity shareholders of Immutable.
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Before this new venture fund, BlockTower had a portfolio of 40-plus projects, said Klocanas. The firm’s structure, however, meant those venture-capital deals were put in so-called side pockets, a type of account hedge funds use to separate riskier or illiquid assets. That meant the deals were on the smaller side
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Part of the Bitcoin code includes a so-called difficulty adjustment every 2,016 blocks (about every two weeks). The size and direction of the adjustment depends on the total computing power mining bitcoin, and its purpose is to keep block confirmations coming about every 10 minutes. Source
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Meanwhile, the proposition that bitcoin can serve as a better option than cash for corporate treasury purposes hasn’t been altered, but it also hasn’t come to fruition yet either, Luria said. And given the recent volatility in crypto prices, “the rate of adoption by corporates isn't going to be as
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A number of crypto observers have viewed Bitcoin as ushering in a new era of financial sovereignty amid growing uncertainty about long-term U.S. economic dominance globally, but many countries are still investing in gold and U.S. T-bills. Original Source
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By investing 1% of its treasury reserves in crypto, the Brazilian city of Rio de Janeiro seeks to become a global crypto hub and lessen locals' distrust towards cryptocurrencies, Rio de Janeiro's secretary of economic development Chicão Bulhões told CoinDesk TV on Thursday."We know that [bitcoin] is volatile, that some
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There is nothing surprising about Senator Cynthia Lummis, a Wyoming Republican known to be among the staunchest crypto supporters in the U.S. legislature, revealing a sizable Bitcoin (BTC) purchase that she had made earlier in the summer. It is still oddly satisfying to observe the alignment between a politician’s long-declared stance
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The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.” Source
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