Blockdaemon achieves unicorn status with $155M finances
Blockdaemon has become a crypto unicorn after raising $155 million in Series B funding, allowing it to significantly extend its operational reach. In the realm of venture capital, a privately owned startup business is referred to as a “unicorn ” if its market capitalization exceeds $1 billion. Blockdaemon’s valuation has increased to $1.255 billion as […]
Bitfinex debuts the first L2 bridge from CeFi to DeFi
It will be possible to conduct ERC-20 token transactions between centralized and decentralized exchanges using the bridge launched by Bitfinex. Investing in cryptocurrencies With the launch of its market-debut service, Bitfinex will be able to connect its centralized platform to the layer-2 decentralized trading platform and subsidiary DeversiFi. When used in conjunction with the permissionless […]
FCA Chief Warns Crypto Investors That They May “Lose All Their Money”
The chief of the Financial Conduct Authority (FCA) had some harsh words for the crypto business in a speech in London yesterday. During a speech in London yesterday, Nikil Rathi, CEO of the Financial Conduct Authority (FCA), reaffirmed the regulator’s hard stance on cryptocurrencies. “As you will all know, we have warned repeatedly investors in […]
The US Federal Reserve Chairman says the agency is undecided about a digital dollar
The US Federal Reserve chairman Jerome Powell says there is no pressure to rush any central bank digital currency development plans, although, the agency is currently weighing the benefits and cons but is yet to make a decision. Powell announced during a news conference on Wednesday that the Federal Reserve is considering the possibilities of […]
China’s CBDC pegged stablecoin RMB targets international trade
“While the government of China and Shanghai have accepted the use case for the offshore RMB stablecoin, the pilot program is not endorsed or associated with the government,” Banbury added. Conflux will contribute its technology to establish an offshore renminbi (RMB) stablecoin pegged to China’s central bank digital currency (CBDC), the digital yuan, according to […]