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“# Stablecoin company earns record-level investment sum for a crypto outfit ” Crypto companies have been on the rise in tandem with the industry’s growth in recent years. A report from Forbes recently detailed a number of large investments into blockchain and digital asset entities, with one $440 million play rising to the forefront. “Circle,…
“# For the long haul? When Bitcoin nosedived, institutions held fast ” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, with Bitcoin (BTC) reaching almost $64,000, driven in good part…
“# American convenience store chain now accepts Bitcoin payments ” Retail crypto payment acceptance in the United States continues to grow as Sheetz announces plans to allow the use of virtual currencies in its outlets across America. In a release issued on Thursday, the convenience store chain announced its partnership with digital payments provider Flexa…
“# Wisdom Tree files Ether ETF application with SEC ” Following in the footsteps of VanEck earlier this month, Wisdom Tree has filed an application for an Ether (ETH) exchange-traded fund submitted to the United States Securities and Exchange Commission. According to filings dated May 27, the ETF’s shares would be listed on the Chicago…
“# Chinese BTC miners equivalent to Quebec’s output on the move: Slush Pool ” Edward Evenson, head of business development at Slush Pool owner Braiins, reports that a large number of Chinese BTC mining machines equivalent to Quebec’s entire output are currently en route to North America and Europe. For those interested in the #Bitcoin…
“# OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer ” Increasing numbers of offshore cryptocurrency exchanges are embracing Brazil’s instant payments infrastructure, PIX. On May 28, OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The…
“# ‘Crypto will cause the next financial crisis’: Precious metals boss ” The CEO of precious metals royalty and streaming company Metalla Royalty & Streaming, Brett Heath has warned that crypto will “lead the charge into the next financial crisis.” Metalla Royalty & Streaming is a Canadian-based firm founded in 1983 and has a current…
“# Nifty News: GameStop’s NFT market, NBA star LaMelo ‘mints career’ on NFTs … and more ” It appears that “r/wallstreetbets” favorite meme stock company GameStop is in the process of developing its own NFT marketplace. Oh wow, @GameStop is launching an NFT platform https://t.co/3lkqgJTiwS pic.twitter.com/3BT1Szo9qJ — Brad Michelson (@BradMichelson) May 25, 2021 While an…
“# VCs back Balancer with $24.25M investment ” The capital raise was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founder of DeFi protocol Synthetix. The funds will be used to strengthen Balancer’s role as a core infrastructure provider of the DeFi market. “By allowing for the…
“# 1inch integrates with Mercuryo, enabling fiat onramp to DeFi ” Decentralized exchange aggregator 1inch Network has partnered with Mercuryo, a cross-border payment network, to provide its users with a more seamless gateway to DeFi — potentially opening up the market to greater adoption. “To date, some users have been discouraged from entering the DeFi…