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DTCC’s pilot project with Chainlink drives blockchain data to expand fund tokenization

DTCC and Chainlink completed a pilot with major US banks to accelerate fund tokenization using blockchain technology.

The post DTCC’s pilot project with Chainlink drives blockchain data to expand fund tokenization appeared first on Crypto Briefing.

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Crypto VCs are back in action amid market rally

Series funding rounds have sprung back, albeit still remaining well below their all-time highs of $4.5 billion in monthly deals during the previous crypto market cycle.

Venture capital (VC) funding rounds are soaring as the crypto bull market is back and firing on all cylinders. 

On May 16, crypto venture firm Aquarius announced the launch of a $600 million multistrategy liquidity fund to help blockchain foundations and ecosystem projects boost on-chain liquidity. In a statement to Cointelegraph, Aquarius staff mentioned that the strategy fund is supported by “Bitrise Capital, various leading miners, family offices, and influencers.” 

In addition, the $600 million strategy fund will help blockchain infrastructure, decentralized finance, artificial intelligence, the Bitcoin (BTC) ecosystem, modular architecture and early-stage data layer projects build their communities alongside developing go-to-market products. “As the first institutionalized fund of its kind, it systematically manages on-chain liquidity and assists various blockchain foundations and ecosystem projects in meeting their liquidity needs,” wrote Aquarius. 

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Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Mastercard and Standard Chartered complete first live test of Multi-Token Network

Mastercard and Standard Chartered Bank Hong Kong complete the first live test of Mastercard's Multi-Token Network, tokenizing carbon credits and performing an atomic swap within the HKMA Fintech Supervisory Sandbox.

The post Mastercard and Standard Chartered complete first live test of Multi-Token Network appeared first on Crypto Briefing.

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Swiss bank UBS holds 3,600 shares in BlackRock’s iShares Bitcoin Trust, SEC filings show

UBS Group AG's 13F filing reveals a significant stake in BlackRock's iShares Bitcoin Trust (IBIT), signaling growing institutional interest in crypto.

The post Swiss bank UBS holds 3,600 shares in BlackRock’s iShares Bitcoin Trust, SEC filings show appeared first on Crypto Briefing.

Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance

Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit

Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm.

Geoffrey Morphy, the now former President and CEO of cryptocurrency mining firm Bitfarms, will be stepping down immediately after filing a lawsuit against the company in Canada.

In a May 13 notice, Bitfarms said it had terminated Morphy as CEO and president ahead of a previously announced plan to have him continue leading the company until a replacement could be found. According to the mining firm, Morphy filed a $27 million lawsuit against Bitfarms on May 10 in the Superior Court of Ontario, claiming “breach of contract, wrongful dismissal and aggravated and punitive damages.”

“The Company believes the claims are without merit and intends to defend itself vigorously,” said Bitfarms. “Nicolas Bonta, Chairman and Co-Founder of the Company, has been appointed interim President and Chief Executive Officer, and will lead the Company until the executive search is completed and [Morphy’s] successor is appointed.”

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Billionaire Mike Novogratz Issues Warning, Says Bitcoin Is Unlikely To Hit a New High Without Macro Assistance