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Digital asset liquidity provider Enigma Securities has partnered with Circle-backed tech company OpenTrade to bring US Treasury bill-backed yield products on-chain.
This product will be available to Enigma’s institutional clients through their existing OTC (over-the-counter) trading desk set-up.
According to Jeff Handler, the chief commercial officer and co-founder of OpenTrade, the estimated annualized yield for these real-world asset (RWA) backed products will be between 4.5% to 5%.
“This allows Enigma’s clients to unlock this stable, predictable yield on otherwise idle USDC balances without any additional onboarding requirements, and using the exact same methods they use to…
Read more on Blockworks
PlebLab is hosting TopBuilder, a three month-long hackathon starting in January and ending in March. The application deadline is January 13th, so if you’re reading this now and wish to apply, get to it today.
The hackathon will take place across three roughly month-long rounds, where they are judged against milestones they have set for their projects at the beginning of the prior round. Judges will include Lisa Neigut, founder of Base58 and the Bitcoin++ Conference, as well as Kelly Brewster, CEO of Wolf, a Bitcoin startup accelerator based in New York.
They are looking for any project related to Bitcoin and Lightning that has the potential to offer innovative solutions to existing…
Read more on BitcoinMagazine
BIGCAP COINS:
- Bitcoin: Market Cap of $879 Billion.
- Sei: Market Cap of $1.4 Billion.
- Ethereum: Market Cap of $291 Billion.
MIDCAP COINS:
- Xai: Market Cap of $133 Million.
- DeFiChain: Market Cap of $124 Million.
- Telos: Market Cap of $64.4 Million.
RISING COINS:
- Pepe: Market Cap of $504 Million.
- Shido: Market Cap of $65.5 Million.
- Satellite Doge-1 Mission: Market Cap of $8.22 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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X appears to have removed the ability to use an NFT as a profile picture.
The feature was launched originally in January 2022 — prior to Elon Musk buying the company. Following Musk’s acquisition, it was made a premium feature for paid subscribers.
Specifically, Twitter Blue users could use NFTs minted on Ethereum. The profile pictures would then appear as hexagons.
TechCrunch first reported the change.
Read more: NFTs are the new cookies
The feature is no longer listed on the Premium support page for the site.
When it was available, users on the platform could click the profile picture to learn more about the NFT, including its collection.
Musk’s company isn’t the first…
Read more on Blockworks
Based on the number of merchants that now accept bitcoin in Berlin you might think this article is about the German capital city. Instead, it’s about a small picturesque mountain town in El Salvador with a population of 20,000 people.
How it came to have over 100 merchants accepting bitcoin in a 6 month period is an interesting story of persistence, passion and belief about bitcoin. It also is the story of an area whose inhabitants were proud of their beautiful city. The town in Germany may have many more inhabitants, but the lesser known Berlin has far more bitcoiners descending upon it every day than its much better known counterpart.
Magic Internet Money
It all begins with Gerardo…
Read more on BitcoinMagazine
Ethereum has long held the title of premium layer-1 for decentralized finance (DeFi). It’s been the blockchain of choice for smart contract developers of all varieties.
Despite Ethereum’s issues with network congestion, security vulnerabilities and the merge to proof-of-stake (PoS), other alternative layer-1s like Solana, Algorand and Tron were unable to overcome Ethereum’s DeFi dominance.
However, with continued regulatory enforcements in the US this year changing traditional crypto users’ perspective on the industry, projects are seeking a destination to build upon that might provide more longevity as well as the trustless, secure and decentralized benefits they’ve come to…
Read more on Blockworks
eesee, an innovative one-stop liquidity solution and gamified marketplace for sellers, has announced the successful closing of its $2.85 million fundraise. The raise included a $1.1 million seed round and a $1.75 million private round, with participation by SevenX Ventures, Maven Capital, MetaBros, Contango Digital Assets, BasementDAO, and more. The company also announced partnerships out of the gate that include Ape Terminal, ApeCoin, Polygon, and Chainlink.
Currently, no gamified digital asset marketplaces allow sellers to sell digital assets creatively while eliminating most of the buy-side friction currently seen in the industry. The only way to tap into an NFT community is by buying…
Read more on Benzinga
The cryptocurrency community is abuzz with Bitcoin (BTC) once again taking center stage. Recent discussions have been sparked by the upcoming Bitcoin halving and the potential SEC approval of a spot Bitcoin exchange-traded fund (ETF). Adding to the excitement, Robert Kiyosaki, author of ‘Rich Dad Poor Dad,’ has predicted a meteoric rise for Bitcoin, reaching as high as $150,000. In a recent tweet, Kiyosaki expressed his satisfaction with investing in Bitcoin early and reaffirmed his faith in gold and silver, while denouncing the U.S. dollar as “fake.”
Kiyosaki’s forecast isn’t limited to Bitcoin. He anticipates a significant increase in gold value, driven by central banks’ acquisition and retention strategies. However, he expects silver to initially crash due to high inflation and selling pressure, presenting a buying opportunity. Concluding his tweet, Kiyosaki indicates his continued investment in gold, silver, and Bitcoin, despite his skepticism towards the dollar. This optimism, while not universally shared, highlights the growing enthusiasm and potential in the cryptocurrency market.
BlackRock and Ark Invest dropped management fees for their planned spot bitcoin ETFs on Wednesday, the latest moves in a fee war for prospective investors ahead of potential approval.
The world’s largest asset manager initially proposed fees of 0.30% (30 basis points) for its iShares Bitcoin Trust, but has since revised that price point down to 0.25%. BlackRock also plans to charge 0.12% (12 basis points) for the first 12 months, or $5 billion in assets under management — whichever comes first.
Ark Invest, which filed its spot bitcoin ETF with 21Shares, also adjusted the planned cost of its planned proposed fund, from 0.25% to 0.21%. It also intends to implement a fee waiver, but…
Read more on Blockworks