Business

Banking

Bank of America Approves Bitcoin Futures Trading for Some Clients: Sources

Clients are in the process of being set up, with some already live, according to one of two sources.

Business  ·  16 July 2021
Web 3.0

OpenBazaar Co-Founder Explains Why Web 3’s Answer to eBay Folded Its Tents

The P2P marketplace was backed by powerhouse VCs Andreessen Horowitz and Union Square Ventures. Brian Hoffman candidly reflects on where it went wrong.

Business  ·  15 July 2021
Acquisitions

J.C. Flowers to Buy 30% of LMAX for $300M

The stake values LMAX, which operates exchanges for forex and crypto trades, at $1 billion.

Business  ·  15 July 2021
Funding Rounds

Revolut Valued at $33B in $800M Fundraising Led by Softbank

The figure is six times Revolut's $5.5 billion valuation of February 2020.

Business  ·  15 July 2021
DeFi

FOX Token Up 77% on ShapeShift DAO, Airdrop News

ShapeShift’s token is up significantly on news the exchange is becoming a decentralized autonomous organization (DAO).

Business  ·  14 July 2021
DeFi

ShapeShift to Shut Down, Airdrop FOX Tokens to Decentralize Itself Out of Existence

ShapeShift will send out 340 million FOX tokens across DeFi.

Business  ·  14 July 2021
Staking

Valkyrie Launches an Algorand Trust

The fund will offer exposure to ALGO and a 4%-6% staking yield.

Business  ·  14 July 2021
Bitcoin Mining

Bitcoin Mining Firm Compass Inks Deal With Nuclear Microreactor Company Oklo

Salvadoran volcanoes aren't the only novel source of power in the bitcoin mining industry.

Business  ·  14 July 2021
Solana

A16z Leads $9M Funding Round for Solana’s Phantom Wallet to Go Multi-Chain

The funding will be used to expand the Phantom team, develop new features and expand to other blockchains, said the firm.

Business  ·  14 July 2021
NFTs

Anheuser-Busch Taps Vaynerchuk to Lead Beer Giant’s ‘Long-Term’ NFT Play

The tie-up puts everything from ticketing to merchandise on the table for NFTs from the multinational suds conglomerate.

Business  ·  14 July 2021
DeFi

Blockchain Security Firm CertiK Raises $37M in Series B Fundraising

The round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.

Business  ·  14 July 2021
Wall Street

S&P Dow Jones Launches 5 More Crypto Indexes; One Tracks 240 Coins

It’s the first major expansion of S&P’s crypto benchmarking tools since entering the market in May.

Business  ·  13 July 2021
DeFi

Polychain Leads $21M Round for Retail-Oriented DEX

Shipyard’s Clipper DEX aims to attract retail traders with low trading fees.

Business  ·  13 July 2021
Grayscale

BNY Mellon to Provide Grayscale With ETF Services After ‘Anticipated’ GBTC Conversion

The world’s largest custodian bank will begin handling accounting and administration services for the Grayscale Bitcoin Trust in October.

Business  ·  13 July 2021
Interoperability

Interoperability Project Connext Raises $12M From 1kx, ConsenSys

Helping traders get assets to the right network when a hot opportunity comes up is Connext’s main goal.

Business  ·  13 July 2021