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” Argentinian town to invest in crypto mining to fight inflation and upgrade infrastructure “ The town of Sorradino in Argentina’s Santa Fe Province could begin to mine crypto in a bid to raise the money needed for its rail infrastructure upgrade. Its mayor doesn’t see any risk in mining the digital currencies that can…
” BlackRock joins stablecoin issuer Circle’s $400M funding round “ Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock. The USDC issuer has entered into an agreement for a funding round featuring…
” Wealth report: As old money procrastinates, young money goes crypto “ The rich get richer. According to the Wealth-X consulting company, in 2020, the number of ultra-high-net-worth individuals worth $5 million–$30 million in the world increased by 1.7% to 295,450 people; the combined net worth of this group increased by 2% to $35.5 trillion….
” Lack of proper financial services boosts crypto ownership in Nigeria, says report “ A new study has revealed staggering growth in crypto adoption across Nigeria, fueled by limited access to affordable fiat-based financial services in Africa. Crypto exchange KuCoin’s “Into the Cryptoverse Report” highlights that many Nigerian citizens have started using cryptocurrencies as a…
” White Star Capital raises $120M for Ubisoft backed Web3 investment fund “ Tech venture capital firm White Star Capital has secured $120 million in funding for its second Digital Asset Fund (DAF II) to invest in crypto networks and early-stage blockchain and Web3 businesses. The fund is primarily backed by game publishing giant Ubisoft…
” Animoca Drives into Crypto Racing Games With Latest Acquisition “ Gaming and venture capital firm Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and other popular racing games. Eden Games is a France-based firm that was founded in 1998. Engine Gaming and Media sold its…
” Coinbase to increase transparency on potential 2022 listings “ America’s largest crypto exchange, Coinbase, announced a long list of tokens it could potentially list in the second quarter of 2022 in an effort to increase transparency. An April 12 blog post from the exchange includes a list of tokens under consideration, but notes that…
” Uniswap launches venture capital wing for Web3 investments “ Popular decentralized exchange (DEX) Uniswap has announced the formation of Uniswap Labs Ventures (ULV), a venture capital fund focused on investing in Web3 companies and projects. The firm will invest at any stage of development into various projects or technologies related to Web3, infrastructure, developer…
” Survey of financial advisers and Grayscale comments suggest strong support for spot crypto ETF “ While the United States Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin exchange-traded fund, a recent Nasdaq survey suggested that the offering could lead to greater adoption of crypto among financial advisers. According to the…
“‘Fortnite’ maker Epic Games valued at about $32 billion” Epic Games said Monday it had raised $2 billion from Sony Group and the family-owned holding company behind the Lego Group, valuing the “Fortnite” creator at $31.5 billion. Sony, an existing investor, and the Kirkbi investment company each invested $1 billion, Epic said, with the fundraising…