FTX closes the largest funding round in crypto history
FTX started comparatively late with its entrance in 2019. However, reflecting the rapid growth of the exchange over time the crypto platform has grown to become a Binance rival. With a $900 million series B investment round, the FTX crypto exchange has closed the largest funding round in crypto history. Sequoia Capital, Third Point, Lightspeed Venture […]
See The Reason Behind Circle’s Dollar-Pegged Stablecoin USDC
The reserves that support the dollar-pegged stablecoin USDC were published today by Circle, the firm behind it. Circle, the stablecoin issuer, detailed the numerous sources of backing that underpin its stablecoin USDC in a blog post published this morning. Stablecoins are digital currencies that are tied to the value of a fiat currency, in this […]
Andreessen Horowitz leads fundraising for fintech firm Titan
Andreessen Horowitz leads $58 Million in funding for fintech firm Titan, the cash raised will be used to expand Titan’s platform, launch a portfolio of investment products, and scale its core functional teams. Titan, an investment management platform , raised $58 million in a funding round led by Andreessen Horowitz’s cryptocurrency fund, with Kevin Durant, […]
DeFine NFT platform raises $5M from Asian investors
According to Define’s operations lead, Myoung Hoon Kang, he said, “It is my joy to have these significant gaming and entertainment organizations in Asia as key investors.” DeFine, a socially conscious nonfungible token platform has raised $5 million in strategic funding as part of a larger drive to bring more businesses into the NFT space. […]
The European Union’s new AML proposal set to ban anonymous crypto wallets
The EU’s Anti-Money Laundering (AML) will ensure full traceability of crypto-asset transfers, such as bitcoin, and will allow for prevention and detection of their possible use for money laundering or terrorism financing. The third rule of the EU’s Anti-Money Laundering (AML) draft includes a cryptocurrency section. The Commission’s crypto-assets legislative proposal is in charge of […]