The closed fund will offer investors a 5% yield in Bitcoin and lend funds in BTC to institutions. Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties...Continue Reading

Former Binance CEO Changpeng Zhao, who pleaded guilty to one felony count in the United States in November, may not be able to return to the UAE before being sentenced. Cryptocurrency exchange Binance’s unit in Abu Dhabi has pulled an application with the Emirate’s financial regulator, a move it claims was unrelated to the firm’s...Continue Reading

Data shows top traders futures’ Bitcoin long-to-short at the lowest level in 30 days, but what does this mean for BTC’s short-term price action. Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a...Continue Reading

The team’s results, once reviewed, could represent a significant milestone in quantum computing research. When industry insiders talk about a future where quantum computers are capable of solving problems that classical, binary computers can’t, they’re referring to something called “quantum advantage.” In order to achieve this advantage, quantum computers need to be stable enough to...Continue Reading

Polychain Capital and Hack VC led the Series A funding round of Babylon Chain, a protocol working on Bitcoin staking for proof-of-stake networks. Polychain Capital and Hack VC led the $18 million Series A funding round of Babylon Chain, a protocol working on Bitcoin (BTC) staking, bridging the decentralized finance (DeFi) ecosystem with the Bitcoin...Continue Reading

Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).” Meta released a suite of tools for securing and benchmarking generative artificial intelligence (AI) models on Dec. 7. Dubbed “Purple Llama,” the toolkit is designed to help developers build safely and securely with generative AI tools,...Continue Reading

In November, the commission separately met with representatives of BlackRock and Grayscale to discuss their spot crypto exchange-traded funds. Officials with the United States Securities and Exchange Commission are reportedly discussing aspects of Bitcoin (BTC) exchange-traded funds, or ETFs, proposed by asset managers. According to a Dec. 7 Reuters report, industry insiders said the SEC...Continue Reading

Bitcoin is lining up a never-before-seen bull signal which could print on the Bitcoin chart by the start of 2024. Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history. In a post on X (formerly Twitter) on Dec. 7, entrepreneur Alistair Milne...Continue Reading

Users who lose their Bitkey wallet don’t need to input a seed phrase to recover funds, the company said. Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet. Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will...Continue Reading

The Terraform Labs co-founder had been awaiting extradition to either the United States or South Korea after being arrested and charged in Montenegro. Terraform Labs co-founder Do Kwon will reportedly be extradited to the United States rather than South Korea to face criminal charges. According to a Dec. 7 Wall Street Journal report citing people...Continue Reading