Author: Nicholas Say

Tether, the dominant player in the stablecoin market, plans to invest heavily in startups and projects over the next year. The company’s investment arm, Tether Investments, expects to allocate more than $1 billion for deals, according to a recent report from Bloomberg. The company aims to expand its distribution network and support AI capabilities for partnered companies, promoting less reliance on big tech giants. Tether Investments is particularly interested in alternative financial infrastructure for developing economies, artificial intelligence (AI), and biotechnology. As reported, it has invested around $2 billion in these areas over the past two years. A Growing Company…

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Fidelity International, one of the world’s leading investment management service providers, has joined JPMorgan’s Tokenized Collateral Network, according to a recent report on Monday. As part of the collaboration, Fidelity will tokenize money market shares on JPMorgan’s private blockchain network, Onyx Digital Assets. As of June 3, Fidelity’s spot Bitcoin ETF takes up to 56% of Fidelity’s inflows, said Bloomberg ETF analyst Eric Balchunas. The biggest players in the world are going after BTC. With an ETH ETF coming, there will be more money flowing into tokens. To those asking, $IBIT is 26% of BlackRock’s flows and 56% of Fidelity’s…

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Privacy is a big deal. In the world of decentralized blockchain most transactions are public. Now, there is a need for more privacy. Launched in 2017, COTI is a Web3 infrastructure development company that has a cost-effective and robust crypto infrastructure which puts privacy first. COTI has built one of the most unique and feature-rich payment networks in the industry, including a DAG-based base protocol and infrastructure that is scalable, fast, inclusive, low cost, and optimized for finance. What Is COTI? COTI deployed Garbled Circuits in collaboration with its partner Soda Labs to create a mechanism that allows multiple parties…

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Cryptocurrencies are not equities. An L1 blockchain like Ethereum or Solana isn’t a fair comparison to stocks. We use things like market capitalization to measure the value of tokens, but this is probably a flawed way to view cryptos in general. If we compare cryptos to anything – we should compare them to currency. No one ever invested in the US dollar to get rich. Having US dollars was a by product of some activity that created wealth. If you are a good restaurateur, the pile of cash you have is a result of your talent. The fact that the…

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Franklin Templeton, the world’s top asset management firm, is exploring a new fund focused on cryptocurrencies beyond Bitcoin and Ethereum, The private fund will target institutional investors who seek exposure to the broader crypto market. Spot Bitcoin ETFs have been trading for almost five months, and Franklin has already mulled on additional crypto funds. As reported, the fund might offer staking rewards to investors. Staking is a way to earn passive income from holding certain cryptocurrencies. With the offering, Franklin Templeton is diversifying its suite of crypto-based products beyond Bitcoin (BTC) and Ethereum (ETH). However, it remains unknown which crypto…

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Wintermute co-founder Evgeny Gaevoy has voiced a strong critique of Ethereum’s leadership and their approach to building the blockchain. He believes that if Ethereum fails in the future, it will be due to its leadership rather than technical limitations. So it looks like the ongoing debate surrounding celeb coins has intensified once again. Gaevoy points to the contradiction in Ethereum’s goals as the reason. According to him, Ethereum’s “elite,” including Vitalik Buterin, are building a technology inherently suited to capitalism but seem to have a socialist ideology. There Is Huge Cash In Play Gaevoy argues that these approaches are fundamentally…

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Transak is a developer integration toolkit that simplifies the process of onboarding users into the world of decentralized applications (dApps). By enabling seamless fiat-to-crypto conversions directly within dApps, Transak eliminates the technical barriers and complexities associated with traditional onboarding processes. Transak empowers dApp developers to create frictionless user experiences by handling the intricacies of KYC regulations, compliance, fiat payment methods, and crypto coverage. With support for a wide range of fiat currencies and payment options, Transak ensures that users from diverse geographical regions can easily participate in the decentralized economy. The Problem Cryptocurrency is now bigger than ever before. While…

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As blockchain technology evolves, the need for seamless interoperability and efficient data access has become more crucial than ever. Enter Synternet, a groundbreaking blockchain that is set to revolutionize the way we interact with and utilize data across multiple chains. Just as the Internet connected isolated computers in the late 20th century, Synternet aims to bridge the gap between disparate blockchains, creating a unified and synchronized ecosystem that tears down the barriers of walled gardens. At the heart of Synternet lies the Data Layer, a protocol that serves as a customizable execution layer between all major blockchains. This innovative architecture…

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Mo Shaikh, CEO of Aptos Labs, has joined the Digital Asset Markets Subcommittee, a group managed by the Commodities Futures Trading Commission’s (CFTC) Global Markets Advisory Committee (GMAC), according to a recent report. Mo Shaikh has consulted the World Economic Forum on its global blockchain strategy, including central bank digital currencies (CBDCs). Founded in 1998, the subcommittee advises the CFTC on regulations related to digital assets. The group focuses on developing a clear, consensus-driven approach to classifying digital assets and their functions. It aims to promote innovation, identify and address risk considerations, and enable adequate regulatory understanding. Blockchain Is Blowing…

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Coinbase is launching a political campaign to support pro-crypto presidential candidates and remove anti-crypto politicians from office, according to a blog post by the firm’s CEO Brian Armstrong. Brian Armstrong urged cryptocurrency enthusiasts to vote against anti-crypto politicians ahead of the November election. “While we are willing to talk to everyone, even our harshest critics, we no longer need to support them. In fact, we need to work to get anti-crypto candidates out of office, and focus on supporting pro-crypto candidates,” Armstrong sent a clear message. According to him, cryptocurrency is a genuinely bipartisan issue with important supporters. Coinbase is…

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