21.co Teams up with Crypto.com to Enhance Bitcoin Liquidity
The partnership will improve 21.co’s wrapped tokens’ custody and liquidity options, beginning with wrapped Bitcoin (BTC). With wrapped tokens like 21BTC, users can “wrap” the original asset in a smart contract to use Bitcoin on other blockchains, like Ethereum. This enables users to engage with decentralized finance applications and profit from Bitcoin’s value. DeFi is […]
21Shares Urges European Regulator to Bring Regulatory Clarity
21Shares has urged the European Securities and Markets Authority to give institutional and individual crypto investors “much-needed clarity.” In an effort to resolve regulatory disparities around Europe, cryptocurrency investment firm 21Shares is putting pressure on the European Securities and Markets Authority to create more precise rules for cryptocurrency assets in Undertakings for Collective Investment in […]
Worldcoin Deprioritizes Europe Amid GDPR Challenges
Worldcoin is shifting its focus from Europe to Asia to find nations that will be more open to its biometric technology. Sam Altman’s co-founded cryptocurrency biometrics effort, Worldcoin, is moving its focus from Europe to Asia in an attempt to find countries that are more receptive to cutting-edge technologies. The managing director of Worldcoin’s European […]
Hong Kong SFC to Expand Crypto Licensing By Year-End
The Hong Kong Securities and Futures Commission intends to issue several new cryptocurrency licenses by the end of the year. Eleven cryptocurrency platforms are now being evaluated for licenses. Liang Fengyi, CEO of the China Securities Regulatory Commission, disclosed that the SFC will award licenses to Virtual Asset Trading Platforms in phases during an interview with […]
Layer Secures $6m to Solve Limitations of Smart Contracts
Blockchain infrastructure firm Layer secures $6 million to give developer tools for Ethereum full-stack decentralized applications. Fabric Ventures, Arrington Capital, Stake Capital Group, and 1kx sponsored a $6 million seed round that was participated in by Layer, a blockchain infrastructure firm. The company stated in a press release that it intends to use the money […]