In a notable development, Nick Van Eck, son of investment management veteran Jan Van Eck, is spearheading a significant venture into cryptocurrencies through the family business. Agora, a startup co-founded by VanEck, alongside crypto experts Drake Evans and Joe McGrady, secured $12 million in seed funding to introduce its USD stablecoin.
Agora's stablecoin will be backed by cash, US Treasury bills, and overnight repurchase agreements, managed by VanEck. Emphasizing transparency, director Kyle DaCruz stresses the importance of audited reserves. Agora plans to collaborate with various crypto entities, avoiding direct customer targeting.
While Tether and USDC dominate, Agora aims to address underserved regions like Argentina and Southeast Asia. Notably, the stablecoin will exclude US users due to regulatory ambiguity. VanEck prioritizes regulatory clarity and intends to serve international clients until regulatory frameworks are established.
Agora proposes income-sharing contracts with partners, bypassing direct returns to individual holders. VanEck voices concerns over unstable projects in the sector, advocating for industry advancement.
March witnessed a remarkable surge in spot Bitcoin ETF trading, reaching $111 billion, nearly tripling February's figures. ETF expert Eric Balchunas highlights this milestone on social media, underlining the industry's growth trajectory.
The surge in Bitcoin ETF trading reflects rising demand for crypto investment products. With investors seeking regulated avenues, ETFs emerge as favored vehicles.
Bitcoin has hit a new all-time high of $109,000, driven by optimism ahead of President-elect Trump’s 20 January inauguration. As speculation grows over potential crypto-friendly policies, the question remains—can Bitcoin sustain its momentum and climb even higher?
KikyoA South Korean man, Lee, was sentenced to four years in prison for leaking military secrets to North Korean hackers in exchange for 14 Bitcoins, worth around $480,000. This breach, involving the recruitment of a military officer to provide classified documents, raised serious national security concerns.
Anais52% of Americans have sold traditional investments like stocks and gold to buy Bitcoin, reflecting growing interest in digital assets. The crypto market is expanding rapidly, with younger generations leading the way and many expecting further growth in the coming years.
AnaisCoinbase has relaunched Bitcoin-backed loans via Morpho on its Ethereum layer-2 network, Base. With a $100,000 USDC cap and a 133% collateral requirement, the offering ensures lender protection while supporting borrowers.
KikyoA survey by CryptoQuant found that young, educated, and predominantly male individuals are the main drivers of cryptocurrency investment. The majority of crypto investors are between 25-44 years old, with most investing less than $10,000 annually and preferring popular platforms like Binance.
WeatherlySatoshi Action Fund foundation is continuing to fight for Bitcoin and secure Bitcoin's place in U.S. Policy. In a recent tweet, Dennis Porter, the CEO and co-founder of Satoshi Action Fund shared that the organisation has raised $300,000 of its $500,000 fundraising goal, with two weeks remaining in the campaign.
XingChiThaksin Shinawatra has called for legalising online gambling and adopting cryptocurrencies in Thailand to boost government revenue and modernise the economy. The Thai government is already exploring cryptocurrency payments in Phuket and conducting trials of a central bank digital currency.
AnaisBitcoin’s mining difficulty has hit an all-time high of 110.45 trillion, making it harder to mine new blocks. Meanwhile, mining revenue has dropped nearly 20%, signaling economic pressure on miners.
WeatherlyAfter its attempts to convert Amazon and Microsoft, The National center for Public Policy Research is now coming for one of the biggest tech giants out there, Meta. But just like many of the other tech companies out there, Meta is saying no to the think-tank's proposal as this might harbour too much of a risk for the company in the long run.
XingChiJamie Dimon, CEO of JPMorgan, reiterated his skepticism about Bitcoin, calling it "useless" and without intrinsic value, while highlighting its use in illegal activities. Despite Bitcoin's rise in popularity, Dimon remains unconvinced of its legitimacy and long-term value in the financial landscape.
AnaisVan Gogh-inspired NFTs fetch $2.5 million in Bitcoin, marking a cultural breakthrough. The sales, coinciding with Musée d’Orsay's Tezos blockchain initiative, reflect a growing interest in classical art NFTs. These transactions inject life into the NFT market, signaling its evolution and resilience.
JixuThe primary function of the Frax Protocol is to maintain the FRAX price at $1.000 by using AMO contracts, real-world assets (RWAs), and governance actions facilitated by frxGov, leveraging USD oracles as a reference.
DavinA new breed of app-specific stablecoins could be just what DeFi needs.
BanklessThe main idea is in LLAMMA: replacing liquidations with a special-purpose AMM.
PoTDAO @0xJamesXXXHow will this $150 billion industry evolve?
CointelegraphFairfax County continues its cryptocurrency investment endeavors through VanEck crypto lending fund, exploring the world of yield farming through the asset manager.
CointelegraphVanEck believes nothing should prevent the SEC from approving a pure Bitcoin ETF after the regulator greenlighted Bitcoin futures ETFs in 2021.
CointelegraphAlthough USDC is the second largest Stablecoin, it is the most used on-chain Stablecoin in the Crypto space.
链向资讯Lower transaction volumes than ProShares are to be expected, but VanEck hopes lower fees will give it an edge over the competition.
CointelegraphVanEck Community NFT co-founder Matt Bartlett said that the tokens could serve as a type of digital membership card.
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