Author: Bpay News
In a bold move that highlights the growing intersection of traditional finance and digital assets, US-based public company Sky Quarry has announced its aim to raise $100 million to establish a cryptocurrency treasury. This initiative reflects a strategic pivot as the company seeks to diversify its investment portfolio and leverage the booming cryptocurrency market. Sky Quarry, primarily known for its efforts in sustainable energy solutions, is now venturing into the world of cryptocurrencies. The proposed treasury is expected to not only strengthen the company’s financial standing but also enhance its ability to capitalize on the rapidly evolving digital currency landscape.…
In the ever-evolving world of cryptocurrency trading, funding rates play a crucial role in determining the cost of holding leveraged positions. Recently, the EDEN contract funding rate on Binance, one of the largest cryptocurrency exchanges globally, has hit a notable low of -1.06%. This significant drop raises questions about market sentiment and the dynamics of trading in the EDEN ecosystem. Funding rates are essentially fees that traders pay or receive for holding positions in perpetual contracts. A negative funding rate, such as the current -1.06% for the EDEN contract, indicates that short positions are paying long positions, suggesting a bearish…
In a notable shift within the financial landscape, Bitcoin options linked to BlackRock’s innovative Bitcoin exchange-traded fund (ETF), IBIT, have rapidly become a favorite among Wall Street traders. This development signals a growing acceptance of cryptocurrencies in traditional financial markets, as institutional investors increasingly recognize the potential of Bitcoin as a viable asset class. BlackRock, one of the world’s largest asset management firms, recently launched its Bitcoin ETF, which has garnered significant attention. The IBIT offers investors a regulated avenue to gain exposure to Bitcoin without the complexities of direct ownership. This has made it particularly appealing to institutional investors…
In a significant development within the cryptocurrency trading landscape, Aster has surged past HyperLiquid, achieving an astonishing eightfold increase in trading volume. This remarkable shift highlights Aster’s growing popularity and the dynamic nature of the crypto market, where platforms are constantly vying for user engagement and transaction activity. Aster’s rise can be attributed to several factors, including its user-friendly interface, innovative trading features, and a robust community that actively promotes the platform. As traders seek more efficient and effective ways to manage their portfolios, Aster has positioned itself as a compelling alternative to traditional trading platforms. The surge in trading…
The world of finance is rapidly evolving, and with it, the way we conduct cross-border payments. Visa, a global leader in payment solutions, has recently announced its initiative to pilot pre-funded stablecoins for international transactions. This innovative approach aims to enhance the efficiency and speed of cross-border payments while minimizing costs associated with traditional banking methods. Stablecoins, digital currencies pegged to stable assets like fiat currencies, have gained traction due to their ability to reduce volatility and offer a reliable medium of exchange. By leveraging these digital assets, Visa seeks to streamline the payment process, allowing businesses and consumers to…
In a significant boost for the fintech sector, xMoney has successfully secured $21.5 million in strategic funding, with the Sui Foundation leading the investment round. This funding marks a pivotal moment for xMoney, a company dedicated to revolutionizing digital finance through innovative solutions and user-friendly platforms. Founded with the vision of simplifying financial transactions, xMoney has quickly gained traction in the competitive landscape of digital finance. The recent investment from the Sui Foundation not only underscores the confidence investors have in xMoney’s potential but also highlights the growing interest in blockchain technology and its applications in the financial sector. The…
In a strategic move to bolster its cryptocurrency assets, Bit Digital has announced an increase in its convertible bond offering to $135 million. This decision comes as the company aims to capitalize on the current surges in Ethereum (ETH) prices, a leading digital currency in the blockchain landscape. Bit Digital, known for its operations in the blockchain and cryptocurrency mining sectors, has been actively exploring avenues to enhance its financial positioning. With the increasing mainstream acceptance of cryptocurrencies, particularly Ethereum, the company sees this as an opportune moment to expand its holdings. The additional funds raised through the convertible bonds…
In a thrilling development for cryptocurrency enthusiasts, Binance Wallet has announced the launch of its Turtle (TURTLE) Booster Event, designed to engage users and promote the newly listed TURTLE token. This initiative comes at a time when the cryptocurrency market is experiencing a surge in interest, making it an opportune moment for Binance to bolster user participation and investment in this innovative digital asset. The Turtle (TURTLE) token is not just another addition to the Binance ecosystem; it represents a unique opportunity for users to explore the benefits of decentralized finance. The Booster Event aims to incentivize users by offering…
The VeriFi project has recently made headlines by successfully completing a strategic financing round, raising an impressive $13.5 million. This funding round saw participation from notable investors, including Jump Crypto, a prominent player in the cryptocurrency and blockchain space. This financial boost is expected to significantly enhance the project’s capabilities and accelerate its development. VeriFi is focused on leveraging blockchain technology to create innovative solutions that address various challenges within the financial sector. The KGeN initiative, which stands for Knowledge Generation Network, aims to harness the power of decentralized finance (DeFi) and artificial intelligence to provide users with more efficient…
In a significant move for the fintech sector, xMoney has successfully completed a strategic financing round, raising an impressive $21.5 million. This funding round was spearheaded by the Sui Foundation, a prominent player in the blockchain ecosystem, known for its commitment to advancing innovative projects. xMoney, which specializes in providing seamless financial solutions, aims to leverage this new capital to enhance its product offerings and expand its market reach. The company has been at the forefront of integrating blockchain technology into everyday financial transactions, making it easier for users to manage their money in a digital-first world. The backing from…