FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 m...
Tag: Sovereign
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
According to the papers filed with the court, Alameda Research, the investment division of FTX, has reached an agreement to sell the company’s remaining stake in Sequoia Capital to Al Nawwar Inv...
Ordinals enable first-ever Bitcoin sovereign rollup
Bitcoin developer Casey Rodamor’s launch of Ordinals continues to emanate shockwaves of unintended outcomes. His innovative, controversial use of Bitcoin’s Taproot and Segwit upgrades has not only cre...
What is a Sovereign Rollup? Rollkit Pitches Second Layer for Bitcoin
Just a few months after the very first NFT was inscribed into Bitcoin, developers are trying to imbue the age-old blockchain with another new-age technology: rollups. At least that’s what Rollkit—a s...
Rollkit Developers Leverage Bitcoin for Sovereign Rollups, Sparking Criticism from Ethereum Proponents – Technology Bitcoin News
The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the E...
Sam Altman’s Worldcoin targets sovereign funds for latest raise as OpenAI booms
Worldcoin, the eyeball-scanning crypto startup founded by OpenAI CEO Sam Altman, is on the hunt for a lead investor for its latest round of financing. The startup is in discussions with deep-poc...
Blockchain Scaling Project Sovereign Labs Raises $7.4M in Seed Round
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Haun Ventures backs ZK-startup Sovereign Labs in $7.4 million raise
Sovereign Labs raised $7.4 million in a round led by Haun Ventures to enable developers to easily deploy zero-knowledge (ZK) rollups. The seed round, which closed in November 2022, also sees pa...
El Salvador Paves Way For First Sovereign Blockchain Bond As BTC Breaks $21k Ceiling ⋆ ZyCrypto
Advertisement     Volcano Bond is expected to raise $1 billion for government funding. It is part of a bigger digital currency adoption plan since El Salvador made BTC...
Interest-Bearing Bonds-Backed Tokens: Generate Yield Using Tokens Backed by Sovereign Bonds
Place/Date: Vaduz, Liechtenstein – January 14th, 2023 at 9:53 pm UTC · 3 min read Contact: Yacine Farouk, CMO, Source: Mimo Capital Decentralized Finance Innovator Mimo is launching “KUMA Protoc...
Tesla Competitor Lucid Raises $1.5 Billion, Majority From Saudi Sovereign Wealth Fund
(Photo by MediaNews Group/Bay Area News via Getty Images) MediaNews Group via Getty Images Key Takeaways Lucid Group has raised an additional $1.5 billion to support ongoing operations, with $915 mill...
Foundation Devices Announces Completion of $7M Seed Round to Accelerate Development of its Sovereign Computing Platform
Seed Round Led by Polychain Capital with Participation from New and Existing Investors BOSTON–(BUSINESS WIRE)–Foundation Devices (“Foundation”), a sovereign computing company that develops Bitcoin-cen...
El Salvador buys back sovereign bonds to reduce debt
The Republic of El Salvador has announced that it has completed the second repurchase of its sovereign bonds maturing in 2023 and 2025. According to a press release shared by President Nayib Bukele, t...
COP27 Leaders Aim To Slow Global Deforestation Via Sovereign Carbon Credits
COP27 President Sameh Shoukry of Egypt greets the Democratic Republic of Congo’s Vice Prime Minister … [+] Eve Bazaiba. Coalition for Rainforest Nations A gloomy forecast hung over the rainfores...
Hoskinson predicts more crypto adoption as sovereign currencies fail
Cardano (ADA) founder Charles Hoskinson has predicted that crypto will get more adoption as the national fiat currencies of several countries start to fail. Crypto is about to get a lot of adoption as...
‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk – Economics Bitcoin News
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hi...
The European sovereign debt crisis 2.0
Despite their best efforts, European countries’ governments have so far been unable to curb inflation this year. Russia’s invasion of Ukraine was the spark that finally triggered the crisis that loome...
Kevin O’Leary says sovereign wealth funds want Bitcoin
A recent YouTube post from Anthony Pompliano showed snippets of Kevin O’Leary talking about Bitcoin interest from sovereign wealth funds (SWF). SWF refers to state-owned investment funds, usually fund...
Will Ethereum Flip Bitcoin? Kevin O’Leary Says Sovereign Wealth Funds Will Determine Top Crypto by Market Cap
Prominent venture capitalist Kevin O’Leary believes a certain group of deep-pocketed investors will dictate whether Bitcoin (BTC) remains the top crypto asset by market cap. In a recent installment of...
El Salvador Allays Default Fears by Announcing Sovereign Debt Buyback
While the rest of the world’s government grapples with grim macroeconomic conditions, El Salvador is bucking the trend and has announced it has enough cash to pay its debts before they mature. As 2023...
Do not leave any paper trail: how a group of sovereign citizens used a phony credit repair business to amass a real estate empire
Bad credit? No problem. A group of alleged scam artists have been charged with running a fraudulent credit repair business and then using their clients’ identities to get mortgages on millions of doll...
Will El Salvador Default on Its Sovereign Debt in 2023?
More speculatively, El Salvador might be able to secure some financing from large players in the crypto space, the so-called “whales” who want to keep the idea of “nation-state bitcoin adoption&...
BNY Mellon, Singapore Sovereign Wealth Fund Participate in Crypto Data Platform’s $170,000,000 Fundraising Round
The Government of Singapore Investment Corporation (GIC), Singapore’s sovereign wealth fund, and US banking giant Bank of New York Mellon Corporation (BNY Mellon) are leading a new $175 million fundra...
Italy’s Sovereign Bond Market Is Resilient to Gradual Quantitative Tightening
The ECB’s accommodative monetary policy was instrumental in ensuring highly favourable financing conditions for Italy, especially during the Covid-19 pandemic. Now, however, high inflation points to a...
Russia says it avoided default on its $40 billion sovereign debt, but creditors say they haven’t been paid yet
Russia’s finance ministry said it deposited a $117 million interest payment on two dollar-denominated bonds due Wednesday, despite global ratings agencies predicting the country may be heading f...
El Salvador Pegs Bitcoin Sovereign Bond Launch Between March 15-20
El Salvador’s finance minister, Alejandro Zelaya, stated on Friday that the Central American country is looking for the ideal time to introduce a bitcoin-backed bond, which might happen between March ...
Indian FM says Crypto Taxation is “Sovereign Right”
India’s Finance Minister Nirmala Sitharaman came out guns blazing to clarify that cryptocurrency taxation is a “sovereign right” and “corrective action”. Sitharaman clear...
Bukele Doesn’t Care About El Salvador’s Downgraded Sovereign Debt
Moody’s Investors Service recently claimed that El Salvador’s Bitcoin trading activity is boosting the nation’s risk of default. Like most other groups to speak out against the experiment, President N...
Fidelity expects the acquisition of Bitcoin by more Sovereign nations in 2022
The year 2021 proved to be a benchmark as cryptocurrency landed into the mainstream. China might go into loss of wealth and opportunity after its ban on the entire cryptocurrency ecosystem. Fidelity b...