“Howard Lutnick, head of Cantor Fitzgerald, expressed his approval for cryptocurrency stablecoins and the process of converting financial assets into digital tokens.” “The dominance of the US dollar is crucial for America, including ourselves economically, according to Lutnick at the Chainalysis meeting in New York. He voiced his approval for robustly backed stablecoins such as … Read more
Ace Exchange founder David Pan was accused of fraud and money laundering for $10.7 million. The Taiwanese authorities have accused Pan and six other individuals of money laundering and fraud. These alleged offenses are said to have resulted in financial damages exceeding 340 million New Taiwan Dollars, which is approximately $10.7 million in current value. … Read more
The testnet for tokenizing real-world assets and bridging the gap between traditional and decentralized finance markets is now live on MANTRA’s Hongbai platform. MANTRA takes a step forward with the testnet launch, as we begin using RWA tokenization on a secure, standalone blockchain. The company announced on its Medium page that they will be allowing … Read more
P2P.org, a platform for multi-chain stakeholders and validators, introduced a new business solution called “Staking-as-a-Service” tailored for institutional investors. In a recent announcement, the startup revealed that its total value locked in their platform has exceeded $7.4 billion, with over one million Ethereum (ETH) staked on P2P.org alone. The company is now expanding its offerings … Read more
Sapien, a data labeling firm, secured $5 million in a seed financing event. This investment will speed up the growth of their data labeling business. Investors participating in this round were Primitive Ventures, Animoca, Ravikant Capital, and Yield Guild Games. Sapien intends to invest capital to enhance its AI technology for better assistance in data … Read more