Business

Circle

USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal

Circle will go public by way of Bob Diamond's Concord Acquisition Corp.

Business  ·  8 July 2021
Funding Rounds

Crypto Insurance Platform Coincover Raises $9.2M as Big Firms Seek Safety

The Series A round led by Element Ventures included DRW Venture Capital and Susquehanna Private Equity Investments.

Business  ·  8 July 2021
DeFi

Ethereum-Based Shyft Network Launches, Aims for FATF-Compliant DeFi

The mainnet will host a “decentralized SWIFT” and look to connect DeFi pools without sacrificing composability.

Business  ·  7 July 2021
Ethereum

Ash Egan Launches VC Fund With $55M in ‘Inception Capital’

Acrylic has raised $55 million from an array of funds and investors to bet on early-stage crypto projects.

Business  ·  7 July 2021
Visa

Visa Crypto Cards Have Racked Up $1B in Spending in 2021

Spending on crypto-related cards is now its own category at the payments giant, said Visa’s Cuy Sheffield.

Business  ·  7 July 2021
Binance

Binance Said to Be Hiring ‘UK Version of Brian Brooks’

The crypto exchange is looking for a U.K.-based ex-regulator or government official, according to people familiar with the plans.

Business  ·  7 July 2021
DeFi

DAO Behind DeFi Pulse Index Raises $7.7M From Galaxy Digital, 1kx

Index Cooperative will use the funding to bring its ETF-like products to other blockchain networks.

Business  ·  6 July 2021
NYDIG

Allied Payment Network to Offer Crypto Access in NYDIG Partnership

The partnership will also allow Allied Payment Network to make a bitcoin allocation for its corporate treasury.

Business  ·  6 July 2021
CoinShares

CoinShares to Buy Elwood’s ETF Index Business for $17M

The purchase also gives CoinShares access to Elwood’s equity-research team.

Business  ·  6 July 2021
Ethereum

USDC on Tron Blockchain Surpasses $100M 2 Days After Public Unveiling

The growth could be the result of traders looking for faster and cheaper transactions compared with Ethereum.

Business  ·  2 July 2021
DeFi

Aave, Fireblocks and Galaxy Explore Next Steps Toward Permissioned DeFi

The whitelisting and blacklisting of DeFi participants will make life easier for institutions, but potentially at a cost.

Business  ·  2 July 2021
Funding Rounds

Coinbase Ventures Invests in Mobile Game Developer Bling

Bling’s suite of mobile games allows users to earn small amounts of bitcoin.

Business  ·  2 July 2021
Nvidia

Hive Strengthens GPU Arsenal With $66M Nvidia Buy

Following China’s recent crackdown on crypto mining, GPUs have dropped in price.

Business  ·  1 July 2021
Bitcoin

Jack Mallers’ Strike Rolls Out Bitcoin Buys, Going Head-to-Head With Coinbase

“Your move, Brian Armstrong, come play basketball in my court,” says Strike’s CEO.

Business  ·  1 July 2021
Advertising

Portland Trail Blazers to Wear NBA’s First Crypto Ad Patch (Sorry, PayPal)

The StormX deal is just the latest example of crypto companies going all-in on sports sponsorships.

Business  ·  1 July 2021