Crypto Blog
DeFi Technologies – a rising Canadian fintech company – has acquired another large batch of Bitcoin after making the asset a core part of its treasury strategy last month.
“Each asset brings distinct advantages and capabilities to our treasury,” said Curtis Schlaufman, VP of communications at DeFi Technologies, to CryptoPotato. “Bitcoin serves as a reliable store of value and hedge against inflation, while Solana offers high transaction throughput and low fees, making it suitable for a wide array of decentralized applications.”
The company’s strongest products are its Bitcoin and Solana ETPs, from which it generates yield by staking users’ assets within both funds. While Bitcoin’s blockchain ordinarily doesn’t feature staking, the firm can still stake its BTC using the Core network, which inherits part of its blockchain security from Bitcoin.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeFi Technologies to acquire crypto liquidity provider Stillman Digital in all-stock dealStillman Digital facilitated over $15 billion in trade volume since 2021, with $4 billion of that occurring in the first quarter of 2024.
Read more »
Crypto platform DeFi Technologies to acquire trading desk Stillman DigitalDeFi Technologies to buy Stillman Digital in an all-stock deal, boosting trading capabilities and potentially transforming into a smaller Galaxy Digital.
Read more »
DeFi Technologies Stock Sell-Off Is 'Attractive Buying Opportunity,' Benchmark SaysWill Canny is CoinDesk's finance reporter.
Read more »
Next Generation NASA Technologies Tested in FlightNext generation NASA technologies were tested in flight in a microgravity test on a series of parabolic flights.
Read more »
Next-generation NASA technologies tested in flightTeams of NASA researchers put their next-generation technologies to the microgravity test in a series of parabolic flights that aim to advance innovations supporting the agency's space exploration goals.
Read more »
UN chief warns of perils of 'weaponizing digital technologies' and malicious activity in cyberspaceThe United Nations chief has warned that “the perils of weaponizing digital technologies are growing by the year” and malicious activity in cyberspace is on the rise by governments, non-government actors and criminals.
Read more »