Helix Labs, a burgeoning player in the decentralized finance (DeFi) landscape, has successfully raised $2 million in a pre-seed funding round, pushing its valuation to an impressive $40 million. Spearheaded by investors such as Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group, this funding marks a pivotal moment for the firm.
App
The fluctuating nature of cryptocurrencies presents both opportunities and challenges for investors. As the digital asset space continues to expand, the absence of a comprehensive regulatory framework in Australia has raised alarm bells among policymakers. The Australian Securities and Investments Commission (ASIC) is preparing to introduce a licensing regime specifically for crypto service providers, following
Recent trends in Ethereum’s price have sparked extensive discussions among investors and analysts alike. On September 6, Ethereum faced a significant decline, hitting a low of $2,150. This drop raised alarms about the potential for an even steeper decline toward the psychologically important $2,000 mark. Yet, just a week later, Ethereum rebounded to $2,460, rejuvenating
Ethereum, one of the leading cryptocurrencies, seems to have hit a challenging period recently. The digital asset’s price movement has failed to inspire confidence among its holders, leading to a sentiment of uncertainty in the market. Many factors have contributed to this predicament, particularly with spot Ethereum exchange-traded funds (ETFs) launched in the U.S. that
The Securities and Exchange Commission (SEC) recently found itself in the eye of a political storm, driven by a faction of Republican lawmakers spearheaded by Rep. Patrick McHenry and Sen. Cynthia Lummis. Their pointed criticisms of the SEC’s Staff Accounting Bulletin No. 121 (SAB 121) have raised significant concerns regarding its implications for the cryptocurrency
BNY Mellon, one of the world’s oldest and largest banks, is making noteworthy strides in the realm of cryptocurrency. A recent report from Bloomberg News revealed that BNY Mellon has successfully obtained an exemption from the Securities and Exchange Commission (SEC) regarding their handling of customer crypto holdings, specifically under the SEC’s Staff Accounting Bulletin
In an era where digital assets are becoming increasingly integrated into the global financial ecosystem, the need for clear and effective regulation of stablecoins has never been more pressing. As debated in recent congressional hearings, prominent figures in U.S. politics are advocating for a systematic approach to regulate stablecoins, which are designed to maintain a
Recently, the crypto community witnessed a rather intriguing event as a dormant Bitcoin whale address was reactivated, leading to a series of transactions that have sparked interest and speculation among analysts and investors alike. According to findings from Arkham Intelligence, this particular whale has made a total of three transactions over the past few weeks
The gaming industry stands at a pivotal intersection as the emergence of Web3 technologies transforms how games are developed, played, and monetized. A recent publication from Elympics, the Global Gaming Report 2024, delves into this dynamic evolution, signaling an imminent shift in gaming paradigms. Unlike traditional gaming models that emphasize pay-for-play mechanics, Web3 gaming embraces
Bitcoin, the prominent cryptocurrency, witnessed a substantial drop, plummeting below $63,000. However, optimistic investors quickly stepped in, leading to an urgent push back toward the $64,000 mark. This rapid fluctuation reflects the ongoing volatility that characterizes the cryptocurrency market. In stark contrast, many larger-cap altcoins struggled to gain significant traction, showcasing a stark divergence in