Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner
Former Citi executive Matt Zhang introduced Hivemind Capital Partners, a $1.5 billion multi-strategy fund. The fund will prioritize projects focused on building crypto infrastructure, virtual worlds and programmable money.
Hivemind’s first technology partner is Algorand, a top-20 blockchain project, with its native ALGO token valued at $11.2 billion in total market capitalization.
Open Yield Farming Pool for Heroes TD Token (HTD)
Heroes TD officially enables Yield Farming Pool for HTD token from Nov.29. HTD holders can start yield farming with the pairs $HTD/ $BUSD to earn $HTD for different period 30 days and 180 days with the total awards of 468,000 HTD (0.1% total supply).
There will be a leaderboard based on the amount of $HTD in yield farming pool. Investors who ranked top in the leaderboard will get Free Blind NFT boxes.
Imperium Empires secures funding from Avalanche, AVATAR and Avalaunch
Imperium Empires has received investment from Avalanche, AVATAR and Avalaunch to build the world’s first AAA GameFi 2.0 space metaverse on the Avalanche Blockchain.
Not only it features AAA-quality graphics, but also being the world’s first GameFi project that features deflationary tokenomics and seamlessly integrates DeFi by gamifying it, making DeFi accessible to 3 billion gamers over the world.
‘Physical’ Bitcoin Fund approved in Singapore
Singaporean Fintonia Group has launched two bitcoin funds for professional investors. The Fintonia Bitcoin Physical Fund purchases actual bitcoin to provide investors with direct price exposure. The Fintonia Secured Yield Fund allows bitcoin holders to obtain cash by putting up their BTC as collateral.
MicroStrategy buys more bitcoin for over $414 million in cash
MicroStrategy has purchased an additional 7,002 bitcoins for approximately $414.4 million in cash at an average price of $59,187 per bitcoin. As of 11/29/21, the company holds 121,044 bitcoins acquired for $3.57 billion at an average price of around $29,534 per bitcoin.
Retail Giant Newegg confirms SHIBA INU is coming soon
Two weeks after AMC accepts SHIB as a payment method, a major tech-focused e-commerce platform, Newegg, has announced that SHIB is coming soon to its platform.
The platform currently accepts a number of cryptocurrencies via Bitpay. The crypto payment service provider is expected to add SHIBA INU to its list of supported cryptocurrencies, which includes the rival meme cryptocurrency Dogecoin (DOGE).
Each Solana TX uses less energy than 2 Google searches
Solana Foundation’s stated that a single transaction on its network uses 0.00051 kilowatt-hour (kWh), or 1,836 Joules, of energy. According to Google, an average search uses 0.0003 kWh or 1,080 Joules of energy. This means that a transaction on the Solana network takes less energy than two Google searches.
Bitcoin processes more dollar value than PayPal, could surpass Mastercard by 2026
Just recently, Bitcoin overtook the giant payment tech company, PayPal, in terms of value transfer. At the time of writing, the Bitcoin network recorded about $489 billion in processed value per quarter while PayPal’s value was around $302 billion.
Market intelligence platform Blockdata has suggested in a new report Bitcoin could outstrip credit card giant Mastercard in the number of dollar transactions value processed.
NFT Studio is launched on Internet Computer Protocol (ICP)
Dfinity Foundation announced launching NFT Studio, a 3D and interactive NFT platform running on the Internet Computer protocol, enabling creators to design, mint, and stake regular and interactive 3D NFTs.
Decentralized exchanges near $100 billion in monthly volume for November
According to The Block’s Data Dashboard, the total volume for November is approximately $99.5 billion as of November 28. Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly volume for November, reporting $47.37 billion and $24.07 billion, respectively.