Two years ago, we wrote about Figure Lending using the Provenance blockchain to log the current ownership of a mortgage in its Digital Asset Registration Technologies (DART) solution in conjunction with asset manager Apollo. Now, DART is rolling out to lending partners. Stepping back, Figure is a multifaceted company. Figure Technology Services founded the Provenance blockchain and its subsidiary
New York, NY, April 12, 2024 (GLOBE NEWSWIRE) — Amidst the turbulent seas of the crypto markets, Ethereum (ETH) and Shiba Inu (SHIB) find themselves navigating stormy waters, facing challenges in their quest for a new rally. Despite efforts to regain solid footing, both ETH and SHIB encounter obstacles that hinder their upward momentum. In
The blockchain world is in a constant state of flux, with interest in projects perpetually going through the cycle of peaks and troughs that has become synonymous with the cryptocurrency market. No two projects embody the market’s dynamism more than PEPE and IOTX. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Recently, both have been showing impressive performance, drawing
Cryptocurrencies were invented in the heat of the 2008-2009 financial crisis to provide an alternative to banks. The inventors of Bitcoin, who went by the pseudonym Satoshi Nakamoto, envisioned a financial system that didn’t depend on “trusted third parties” that they said couldn’t be trusted in the first place. Instead, it would use cryptography and
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. Due to strong interest, we’re having this single VC round to benefit our ecosystem
Financiers of nature-based projects that seek to reduce and capture carbon emissions while also enhancing developing nations’ resilience against climate change are focusing on investments that are viable even without carbon-credit revenues, according to Hong Kong-based capital providers. Such projects appeal to more mainstream investors after controversies over the actual environmental benefits of certain forestry-protection
Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs Wealth Management, told the Wall Street Journal in an interview this week that despite all the recent hype around Bitcoin ETFs her firm isn’t buying into it. “We’re not believers in crypto,” she said. “We do not think it is an investment asset class.” “If you cannot
Frax Finance, the decentralized protocol that is the home to the seventh-largest stablecoin FRAX, has forged a significant partnership with asset issuance chain Noble to expand its footprint beyond Ethereum to the Cosmos ecosystem, which comprises about 80 blockchains. The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version,
Tokenization getty The world of finance is on the brink of a seismic shift as cryptocurrencies and blockchain technology revolutionize how we perceive and interact with assets. Institutional investors and traditional finance giants, recognizing the transformative potential of these technologies, are actively exploring real-world applications to unlock new opportunities and markets. Among the most promising
Starting its descent from $71,229, the original cryptocurrency was hovering around $65,761 as of 11:40 a.m. EST, according to CoinGecko data. So-called memecoins also sank, with Pepe and Dogecoin falling 8%, and Shiba Inu by 11%, in the past 24 hours, according to CoinGecko data. One contributor to the slump is dampened interest in the