Ripple’s Fintech Partner Nium Cuts Valuation by 30%
Nium, a cross-border payments company, has raised $50 million in a fresh investment round, representing a 30% decrease from its prior valuation. In its most recent $50 million Series E fundraising round, funded by an unknown Southeast Asian sovereign wealth fund, Nium, a payment partner of Ripple, reduced its valuation by thirty percent. A blog […]
Mercuryo, Trust Wallet Partner to Offer Crypto-to-Fiat Conversion
Mercuryo and Trust Wallet have teamed to power cryptocurrency off-ramps for over 30 digital assets. Even though cryptocurrencies enable users to hold value in digital assets constructed on top of decentralized networks, many real-world transactions still need to be settled in fiat currency in several nations and jurisdictions. Payment infrastructure company Mercuryo and massive self-custody […]
Terra Luna Classic Votes On LUNC Payout Proposal
Terra Luna community adopts a large LUNC fund request with a 99.98% vote, signifying strong support for future growth. The Terra Luna Classic community has unanimously supported the Genuine Labs Community Spend Proposal. On June 3, 2024, the proposal obtained a 99.98% acceptance rate, with virtually no opposition. This vote is predicted to influence significantly […]
Australia’s First Spot Bitcoin ETF Launches Tomorrow
The Monochrome Bitcoin ETF will begin trading by Tuesday on the Cboe Australia exchange. The management fee for the ETF, which is denoted as IBTC, will be 0.98%. The fund is made available by the issuer, Monochrome Asset Management, to enable investors to access Bitcoin within a regulated environment. The Australian Securities & Investments Commission […]
Linea Pledges Decentralization After Halting Block Production
Ethereum’s layer-2 solution, Linea promises more decentralization after manually halting block generation to suppress a hacker’s address. With over $1 billion in locked value, Linea, Ethereum’s zkEVM solution intended to increase scalability, has gotten into trouble for its seemingly arbitrary decision to shut down the entire network in an attempt to censor one address linked to […]