Offchain Labs Launches Unit to Boost Mainstream Crypto Adoption
Offchain Labs, a prominent cryptocurrency venture finance firm, intends to accelerate blockchain adoption and development with Tandem. The ecosystem footprint of the Offchain Labs development team includes fundamental contributions to the creation of Prysm, an Ethereum and Arbitrum consensus client. The team’s most recent endeavor, Tandem, aims to support blockchain innovation. Offchain Labs and Espresso […]
Proof-of-stake Blockchain XION Introduces Native Utility Token
Web3 Foundry Burnt launched XION Foundation, a non-profit organization, to create and expand the proof-of-stake blockchain. Its mission is to manage the growth and development of the proof-of-stake blockchain XION. The layer-1 blockchain’s native coin, $XION, was also introduced by the venture-backed platform. On August 14, Burnt announced the accomplishments in a blog post. The XION […]
Wisconsin Increases Holdings in BlackRocK Bitcoin ETF
According to a recent SEC filing, the State of Wisconsin Investment Board has raised its holdings in BlackRock’s iShares Bitcoin Trust. The State of Wisconsin now owns about 2.9 million shares of BlackRock’s iShares Bitcoin, according to a U.S. SEC filing dated August 14—a trust with a $99.1 million approximate value. With the addition of […]
Parfin Raises $10M in Series A Funding
In its Series A round, blockchain firm Parfin raised $10 million to expand globally and bridge blockchain and traditional finance. Parfin, a blockchain infrastructure company supported by Mastercard, has raised $10 million after successfully closing the first tranche of its Series A fundraising . The firm published a press release stating that Framework Ventures, L4 […]
Russia’s Minfin Considers Launching Domestic Crypto Exchange
Russia’s central bank and finance ministry are discussing the creation of a domestic cryptocurrency exchange. Russia’s top financial officials are battling unresolved issues as the nation investigates the creation of its cryptocurrency trading platforms in an effort to avoid the effects of international sanctions. The ongoing conversations between the Ministry of Finance and the Bank […]