Virginia Pension Fund Enters Crypto Lending Space to Enhance Returns

Fairfax County Retirements Systems, a $6.8 billion Virginia pension fund, seeks to expand its scope by entering the crypto lending market to boost its returns, according to Financial Times.  This quest became a reality after the board of trustees gave the pension fund the greenlight to start investments in yield farming, whereby investors lend out … Read more

Web3 Development Platform Alchemy Adds Polkadot’s Parachain Astar Network

Alchemy, a pioneer in the blockchain developer platform, announced that it would partner with Astar Network to accelerate Web3 development on Polkadot. The collaboration will allow developers to use Alchemy’s powerful API to create complex applications that implement functionality not available on the Polkadot blockchain. Alchemy also said that web3 developers could earn basic income … Read more

Oxford City Football Club Partners with CoinCorner to Accept Bitcoin Payment

Oxford City Football Club (OCFC), one of the world’s most successful and coveted football clubs, has partnered with Isle of Man-based bitcoin company CoinCorner to offer bitcoin payments. Starting Aug. 6, users can buy tickets, food, and drinks at its RAW Charging Stadium using bitcoin, which is accepted as an alternative to credit cards and … Read more

Riot Blockchain Mines 318 BTCs, Decreased 28% Compared Last July

Colorado-based bitcoin mining company Riot Blockchain, Inc. announced that its bitcoin production and mining operations produced 318 BTC in July, a decrease of about 28% from 443 BTC in July last year. Riot said productivity fell as it closed some operations to accommodate high energy demand during the Texas heatwave. Still, from the electricity cost … Read more

MEXC Global Rolls Out MX/USDT Perpetual Trading Pair to Enhance Ecosystem

Crypto exchange MEXC Global has incorporated the MX/USDT perpetual trading pair to enhance the MX Futures market and propel the MEXC ecosystem to the next level. Presently, MEXC Global supports the perpetual trading of more than 200 cryptocurrencies, such as Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Polygon (MATIC). Therefore, perpetual trading … Read more

Cloned Bored Ape NFT Emerges through Google AI Technology

Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection has been cloned using an Artificial Intelligence (AI) technology. The new collection, dubbed the Antsy Monke, was generated using Google’s collaborative Notebook platform Colab and combined with their powerful Cloud Computing service. The Artsy Monke collection has its own unique theme, and it was built upon … Read more

CoinSmart Is on the Hunt to Buy Distressed Crypto Assets

CoinSmart Financial Inc., a crypto asset trading platform based in Toronto, Canada, announced on Wednesday that it is on the hunt to buy crypto startups in Canad6a, Europe, and the US, according to Bloomberg. In an interview, CoinSmart Chief Executive Officer Justin Hartzman said that the crypto-asset trading platform is sifting through distressed assets, custodial-services companies, and … Read more

Galoy Launches BTC-Backed Synthetic USD, Hedging Volatility Surprises in Bitcoin

On Wednesday, Galoy, a California-based payment solutions platform that offers lightning as a retail payment system, announced the launch of Stablesats, a Bitcoin-backed synthetic U.S. dollar product designed to provide safe haven from the volatility of Bitcoin to crypto users. Stablesats is different from other stablecoins such as Tether (USDT) and USD Coin (USDC). It is … Read more

Thousands of Solana Wallets Hacked, Estimates of Damage Unclear

Hackers targeting the Solana ecosystem drained thousands of crypto wallets of funds. The hack on Wednesday was executed after a flaw was exploited to suck out cryptocurrencies from 8,000 crypto wallets where owners stored their funds, the Solana Foundation announced. Wallet providers, including Slope and Phantom, were also affected. The value of the stolen assets … Read more