finance

Arbitrum-based DuelNow receives $11M funding as Web3 betting heats up   cointelegraph.com 01 August 2024 17:03, UTC cointelegraph.com

Galaxy Digital Second-Quarter Net Loss Widens as Crypto Market Retreats   coindesk.com 01 August 2024 15:23, UTC The loss is almost four times as wide as that of the corresponding quarter a year ago. The company cited declines in digital asset markets for the result. Bitcoin fell 12% in the second quarter. Digital asset financial…

DWF Labs to debut synthetic stablecoin amid sector's explosive growth   cryptoslate.com 01 August 2024 15:37, UTC DWF Labs, a prominent crypto trading and market-making firm, is preparing to enter the booming stablecoin sector. In an Aug. 1 statement on social media platform X, Andrei Grachev, the firm’s managing partner, stated: “Following our plans to…

Why are Tether and Cantor Fitzgerald lending near identical amounts?   protos.com 01 August 2024 16:27, UTC At Bitcoin 2024 in Nashville, Cantor Fitzgerald, Tether’s custodian for United States treasuries, announced a new lending business which will allow people to get leverage on their bitcoin. Cantor Fitzgerald chief exec Howard Lutnick reportedly stated that it…

European Central Bank Braces For Two More Rate Cuts, Is US Fed Next?   coingape.com 01 August 2024 16:29, UTC The European Central Bank (ECB) is preparing for two more rate cuts, as revealed by ECB policymaker Yannis Stournaras. Hence, netizens are speculating whether the U.S. Federal Reserve would mirror a similar move in September….

UAE Bank Launches VASP-Focused Accounts for Managing User Funds   news.bitcoin.com 01 August 2024 16:40, UTC Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the…

Cathie Wood's Ark Invest resumes Coinbase share sales, offloads $2.7 million worth of COIN   theblock.co 01 August 2024 08:56, UTC theblock.co