AI.Crypto

Wall Street trading groups step up incursion into crypto markets.

Jane Street and Jump Trading among financial companies that are boosting their digital asset units.

Several of Wall Street’s biggest trading companies have unveiled plans to stake out territory in cryptocurrency markets, opening a new front in their battle to win lucrative business from institutional investors.

Jump Trading, GTS and Jane Street, among the largest players in the US equity market, are stepping up their trading in digital assets after years of secrecy surrounding their early forays into these markets.

Read the original article on Financial Times

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Cardano launches smart contracts after successful hard fork.

Cardano has completed its Alonzo hard fork to introduce Plutus-powered smart contract scripts.

Cardano has announced the completion of its Alonzo hard fork, ushering in its long-awaited smart contract functionality.

On Monday, IOHK tweeted that the upgrade had been completed successfully at epoch 290, facilitating the creation and execution of smart contracts on the public blockchain for the first time.

Despite celebrating the milestone, Cardano notes that it is still in the “early days for the project,” asserting that now is when “the mission truly begins” in a blog post published on the same day, “This is where the mission truly begins as we – the whole community – start delivering on the vision we have all been working towards for so long. Building a decentralized system that extends economic identity and opportunity to everyone, everywhere.”

The Alonzo fork enables smart contracts to be written for Cardano using Plutus scripts, which the team describes as “a purpose-built smart contract development language and execution platform using the functional programming language Haskell.”

Read the original article on Cointelegraph

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Bitcoin worth $2 billion moves for just $0.78.

An unknown wallet benefited from Bitcoin’s low-fee blockchain yesterday with a transaction worth $2 billion.

Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78.

Although it is unknown what the purpose of this transfer was, or indeed which individual or entity enacted it, what has clearly been showcased is the enormous potential of financial transactions utilizing cryptocurrency and blockchain technologies.

However, this is not the first instance of a transaction of this magnitude with minimal fees. Back in August 2020, a Bitcoin transaction worth $1 billion was recorded with a nominal fee of just $4.

Read the original article on Cointelegraph

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Blockchain based play-to-earn game ‘Heroes & Empires’ raised $1.5 M.

The Strategic round of Heroes & Empires has closed with $1.5 million raised through strategic fundraising.

We knew that gaming grew during the pandemic, and game investments and acquisitions have seen a boom as well. If you combine gaming with blockchain, that can only get hotter, right? Some believe that blockchain gaming is the tipping point for mass adoption. Games can now ‘play-to-earn’ on the blockchain, and Heroes & Empires is the game that you don’t want to miss. It is more than a concept. It is a game with the potential to reach over 1 million active users and generate $25 million gross merchandise value per day.

It may sound like an outlandish idea, but in only a decade we’ve seen exponential growth in new careers, such as being a streamer or a YouTuber. Heroes & Empires is a company formed by a group of players, all of whom play games where they can earn cryptocurrency rewards.

Read the original article on Cointelegraph

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Despite losing thousands after a previous bitcoin crash, one Sydney man decided to branch out into new crypto – and it’s paid off.

When construction manager Josh Ng spent $3000 buying bitcoin at its peak in 2017 and it crashed not long after his investment – wiping out most of his money – he admits he just had to laugh.

Surprisingly, the experience wasn’t enough to burn him.

A couple of years ago he decided to throw even more money at the volatile investment, sinking $10,000 into cryptocurrency.

Read the original article on News.com.au

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Degenerate Ape NFT Sells for More Than $1M on Solana

A Degenerate Ape Academy non-fungible token (NFT) on the Solana blockchain was sold Saturday for 5980 SOL, or about USD $1.11 million, in the largest-ever NFT sale on the rival to the Ethereum blockchain.

Apparently not content with having shelled out more than $1 million for an NFT of a scarred zombie ape with a halo eating a brain, Moonrock Capital, a Europe-based blockchain advisory and investment firm, announced a few hours later it had purchased a CryptoPunks knock-off NFT also on the Solana blockchain for 1388 SOL, or USD $257,446.24.

While the NFT craze initially focused on the Ethereum blockchain, that very popularity caused traffic and fees on Ethereum to skyrocket. As a result, rivals like Solana with much lower fees and traffic have taken off.

Read the original article on Coindesk

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Pantera Capital’s Latest Crypto Fund Has Raised $369M Since July.

The crypto investments firm had $4.7 billion in assets under management in August, new filings show.

Pantera has raised $369 million for its new blockchain fund, partially restocking a war chest for bets across the crypto ecosystem.

Disclosed in Friday regulatory filings, the raise, amassed from 107 investors, puts Pantera well short of a $600 million target projected in early May. Pantera began taking investments in July and is leaving the fund open “indefinitely,” meaning it could get there eventually.

The blockchain fund is meant to be Pantera’s omnibus crypto investment vehicle. It deploys into startup equity, early stage protocol tokens and more well-known digital assets, such as bitcoin, according to an investor deck.

Pantera held $4.7 billion in assets under management on Aug. 31, according to the deck.

Read the original article on Coindesk

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Gas-Guzzling, Worthless On-Chain Pet Captivates Ethereum Community.

A gas-guzzling side project from an increasingly high-profile developer has attracted the attention of the Ethereum community, but without incentive structures and limited utility, it’s unclear exactly why.

Dom Hofmann, who co-founded the defunct social media video platform Vine, is building a fervent following after the success of a number of Ethereum-based projects and self-described “experiments.” A text-based non-fungible token (NFT) project he released for free last month, Loot (for Adventurers), now accounts for over $200 million in secondary market sales.

Read the original article on Coindesk

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The Cathie Wood-founded firm disclosed the move through a revised prospectus to the SEC.

Ark Investment Management revised the prospectus for its ARK Next Generation Internet ETF (ARKW) to open the possibility of investing in crypto exchange-traded funds (ETFs) in Canada, according to a filing with the U.S. Securities and Exchange Commission (SEC) Friday.

“The fund may have exposure to cryptocurrency, such as bitcoin, indirectly through an investment in a grantor trust or in other pooled investment vehicles, such as exchange-traded funds domiciled in Canada,” the investment management firm founded by crypto bull Cathie Wood wrote, replacing previous language.

Read the original article on Coindesk

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RealX blockchain-based platform allows Indian investors to buy and sell “direct deeded co-ownership” of holiday properties.

A fintech firm from Pune, India has launched a blockchain-based registry system named RealX that allows Indian citizens to purchase fractional ownership in properties.

A report from The Economic Times states that RealX has partnered with Tripvillas, a holiday home rental service, to blend ownership of holiday properties in accordance with usage and yield. Tripvillas will also be responsible for managing the basket of holiday properties intended for co-investment.

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