Coinbase CEO: Coinbase plans to integrate Solana on Bitcoin network
Coinbase CEO Brian Armstrong said in an interview that he hopes that the transaction settlement speed on the platform can be less than one second and the cost is less than one cent. To do this, Coinbase will integrate the Lightning Network and “other very fast layer-1s like Solana” on Bitcoin. Armstrong added that the above goal can only be achieved if 99% of transactions occur in L2.
Coinbase CEO: Coinbase plans to integrate Solana on Bitcoin network
Coinbase CEO Brian Armstrong said in an interview that he hopes that the transaction settlement speed on the platform can be less than one second and the cost is less than one cent. To do this, Coinbase will integrate the Lightning Network and “other very fast layer-1s like Solana” on Bitcoin. Armstrong added that the above goal can only be achieved if 99% of transactions occur in L2.
Grayscale: GBTC’s listing as an ETF will unlock approximately US$1.89 billion in value for investors
According to Grayscale’s latest blog post, in ETF form, GBTC stock is expected to more closely track the price of Bitcoin, meaning any premium or discount on GBTC stock price will disappear. As of November 29, 2023, GBTC's asset management scale was US$23.4 billion, with a negative premium of 8.09%, or US$1.89 billion. Assuming that the current negative premium disappears, GBTC will unlock approximately US$1.89 billion in value for investors through the arbitrage mechanism after it is li...
Grayscale: GBTC’s listing as an ETF will unlock approximately US$1.89 billion in value for investors
According to Grayscale’s latest blog post, in ETF form, GBTC stock is expected to more closely track the price of Bitcoin, meaning any premium or discount on GBTC stock price will disappear. As of November 29, 2023, GBTC's asset management scale was US$23.4 billion, with a negative premium of 8.09%, or US$1.89 billion. Assuming that the current negative premium disappears, GBTC will unlock approximately US$1.89 billion in value for investors through the arbitrage mechanism after it is li...
Velodrome: Site service now restored, attackers still under investigation
Velodrome, the Optimism ecosystem decentralized trading protocol, issued an update saying: “Services at velodrome.finance have now been restored. We are continuing to investigate social engineering attacks and attackers targeting our providers and will share more information soon.
Velodrome: Site service now restored, attackers still under investigation
Velodrome, the Optimism ecosystem decentralized trading protocol, issued an update saying: “Services at velodrome.finance have now been restored. We are continuing to investigate social engineering attacks and attackers targeting our providers and will share more information soon.
Crypto Startup Bastion Names a16z and Former Kraken Chief of Staff Caroline Friedman as Chief Operating Officer
A16z-backed crypto startup Bastion has appointed a16z and Kraken’s former chief of staff Caroline Friedman as the company’s chief operating officer. Friedman also served as an Assistant United States Attorney for Major Crimes in the United States Attorney's Office. Caroline Friedman, who has served as head of corporate operations since February, will later manage Bastion's compliance, regulatory affairs, people, public policy and finance functions as chief operating officer.
Crypto Startup Bastion Names a16z and Former Kraken Chief of Staff Caroline Friedman as Chief Operating Officer
A16z-backed crypto startup Bastion has appointed a16z and Kraken’s former chief of staff Caroline Friedman as the company’s chief operating officer. Friedman also served as an Assistant United States Attorney for Major Crimes in the United States Attorney's Office. Caroline Friedman, who has served as head of corporate operations since February, will later manage Bastion's compliance, regulatory affairs, people, public policy and finance functions as chief operating officer.
On-chain fan engagement platform MITH completed a US$3.5 million seed round of financing, with participation from Warner Music Group and others
MITH, a fan engagement platform based on the Polygon blockchain, announced the completion of a US$3.5 million seed round of financing, led by Point72 Ventures and A+E Networks, with participation from Warner Music Group, CMT Digital, Winklevoss Capital, Synergis Capital, Near Foundation, 4RC and Alpha Praetorian Capital Participate in investment. It is reported that MITH was incubated by Range Media Partners to help creators and brands interact with and profit from fan communities. The compan...
On-chain fan engagement platform MITH completed a US$3.5 million seed round of financing, with participation from Warner Music Group and others
MITH, a fan engagement platform based on the Polygon blockchain, announced the completion of a US$3.5 million seed round of financing, led by Point72 Ventures and A+E Networks, with participation from Warner Music Group, CMT Digital, Winklevoss Capital, Synergis Capital, Near Foundation, 4RC and Alpha Praetorian Capital Participate in investment. It is reported that MITH was incubated by Range Media Partners to help creators and brands interact with and profit from fan communities. The compan...
