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Archives by Year:
DeFi Aggregator Zerion Raises $8.2M in Funding Round
Key Takeaways DeFi aggregator Zerion has raised $8.2 million in a Series A funding round. The investment was led by Mosaic Ventures, with participation from Digital Currency Group, Blockchain.com Ventures, Lightspeed, and Placeholder. According to Zerion, the team will allocate the fresh capital towards hiring and accelerating the product roadmap. This news was brought to […]
Ethereum Could Overtake Bitcoin, Goldman Sachs Says
Goldman Sachs says that Ethereum could become crypto’s dominant store of value. Goldman Sachs Bullish on Ethereum Major investment banks are seeing the potential in Ethereum. According to a Tuesday note obtained by Business Insider, Goldman Sachs believes that Ethereum could overtake Bitcoin as the dominant store of value in crypto. The note remarked that […]
Crypto.com Becomes Official Partner of UFC
Key Takeaways Crypto.com has partnered with UFC. The crypto firm’s branding will feature on kits worn by UFC athletes. The company will benefit from “massive exposure” to an audience of 900 million viewers. Crypto has started to take up more of a presence in the sports industry this year as the space has gone mainstream. […]
Binance Blocks SEPA Transfers, Affecting EU Users
Key Takeaways Binance has disabled SEPA transfers, a common payment method that European customers use to deposit funds. The decision is likely the result of a recent FCA action that prohibits the exchange from operating in the U.K. It is unclear whether Binance plans to resume SEPA transfers. This Exchange News was brought to you […]
Ethereum EIP-1559 Update Scheduled for this August
Key Takeaways Ethereum’s EIP-1559 update is likely to ship on Aug. 4. EIP-1559 is one of Ethereum’s most anticipated updates to date. It will introduce a gas fee burn on every transaction, making fees easier to predict and increasing ETH’s scarcity. It’s due to ship as part of the blockchain’s London hardfork. Ethereum readies one […]
FinCEN Hires First Chief Digital Currency Advisor
The Acting Director of FinCEN, the American bureau for financial fraud, has appointed for two new positions, including a Chief Digital Currency Advisor. FinCEN Prioritizing Crypto The U.S. Financial Crimes Enforcement Network (FinCEN) has appointed Michele Korver as its first Chief Digital Currency Advisor. According to the press release, Ms. Korver will be serving the […]
Sygnum Becomes First Bank to Offer Ethereum Staking
Key Takeaways Sygnum now supports Ethereum 2.0 staking, offering clients up to 7% annual yield. The move makes Sygnum the first regulated bank in the world to offer Ethereum 2.0 staking. Many other crypto exchanges and pooling services offer ETH 2.0 staking solutions. Swiss digital assets firm Sygnum has become the first regulated bank in […]
Hedge Fund Marshall Wace to Invest in Crypto: Report
Marshall Wace LLP has plans to invest in blockchain technology and payment start-ups for digital currencies and stablecoins, Financial Times has reported. Marshall Wace Turns to Crypto Marshall Wace, a hedge fund with $55 billion in assets under management, is planning to break into crypto. Financial Times reported Tuesday that the firm was planning a […]
Solana’s Solrise Finance Closes $3.4M Funding Round
Key Takeaways Solana protocol Solrise Finance has closed a $3.4 million funding round that saw participation from Alameda Research, CMS Holdings, Delphi Digital, and more. Solrise Finance allows anyone to create an investment fund and manage investors’ assets in a non-custodial manner. The team says it will use the capital to make their platform more […]
China Orders Beijing Firm to Close Over Crypto Trading
China’s central bank has ordered the shutdown of a Beijing-based software maker over its suspected involvement in cryptocurrency trading. Beijing Firm Closed for Suspected Crypto Ties The Chinese government is stepping up enforcement of its anti-crypto policies. Chinese authorities released a statement Tuesday detailing the actions taken against Beijing Qudao Cultural Development Co Ltd. for […]
