Crypto News
Hong Kong Mortgage Corporation Unveils 2024 Annual Report
The Hong Kong Mortgage Corporation Limited (HKMC) has released its 2024 Annual Report, detailing its business performance, financial standing, and ESG initiatives. (Read More)Source link
Lightning Updates to Taproot Assets v0.6, Evolving Into a Multi-Asset Network Focusing on Stablecoins
Lightning Labs has announced the release of Taproot Assets v0.6, marking an advancement as the first multi-asset Lightning protocol on the Bitcoin mainnet. This update allows for the minting of assets, such as stablecoins, which can be sent instantly via the Lightning Network at low fees, enhancing the network’s functionality and security. Notably, Tether isSource link
Metaplanet Raises $515M, Blockchain Group Adds $4.8M in Bitcoin Treasury Equity Moves
Metaplanet Inc (3350) and the Blockchain Group (ALTBG) both executed substantial equity capital raises as part of their initiatives to focus on bitcoin accumulation for treasury purposes.Metaplanet announced the exercise of its 20th series of stock acquisition rights under the recently announced 555 Million Plan, raising 74.9 billion yen, ($515 million) in a single day. It issued 54 million new shares on Wednesday following the exercise of 540,000 stock acquisition rights, representing 29% of the total rights issued. The issue is the first major capital injection under the plan and represents 10% of the full target. Metaplanet stock slumped as much as 15% before rallying strongly to close up 4%. CEO Simon Gerovich emphasized the strategic milestone with a post...
Conflux (CFX) Network Announces Testnet Hardfork Upgrade for v3.0.0
Conflux (CFX) Network plans a testnet hardfork upgrade for v3.0.0, requiring all nodes to upgrade before July 1, 2025, ensuring compatibility with the Conflux protocol. (Read More)Source link
Bitfinex Securities Is Taking a Different Approach to RWAs, Launches Two New Products in the U.K.
These days, the mention of blockchain-based real world assets (RWAs) conjures up traditional finance institutions, like BlackRock, presiding over billions of dollars in tokenized money market funds.But the original promise of crypto was about opening up finance opportunities to anyone. That’s the ethos Bitfinex Securities is sticking to with its latest tokenized equity issuances: two alternative finance products in the UK, one focused on community banking debt, the other on litigation relating to mis-sold car finance claims.Announced on Wednesday, Bitfinex Securities’ “TITAN1” product will allocate 5 million british pounds ($6.8 million) into subordinate debt issued by Castle Community Bank, a firm supporting loans to financially excluded customers in Edinburgh, Scotland. This alternative debt product will provide investors with a 20%...