European privacy-focused startup, Nym Technologies, has recently raised $13 million from industry investors in its third investment round. a16z and Others Invest In Nym According to an official press release shared with CryptoPotato, the just-concluded investment round was led by the leasing Silicon Valley firm – Andreessen Horowitz (a16z). Nym noted that the fresh cash...Read More
The popular New York-based cryptocurrency exchange, Gemini, has recently revealed that it is seeking to raise about $400 million in a new funding round. Thus, its total valuation could rise to $7 billion. A Potential $7B Valuation Citing unnamed sources on Thursday, Bloomberg reported that the fundraising will bring the exchange’s valuation to $7 billion....Read More
Maple Finance – an institutional capital marketplace for digital assets – has partnered with fintech investment firm Alameda Research to launch Defi’s first syndicated loan. Alameda will use Maple Finance’s new development to provide loans to accredited non-US institutions through a single-borrower DeFi lending pool. Decentralized Syndicated Loans Alameda is to operate as the sole...Read More
Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured the first slot on the much anticipated Polkadot’s parachain auctions. Acala, a decentralized Layer-1 smart contract platform, recently won the first slot on the parachain auction on Polkadot with a total of 32,515,989 DOT ($1,250,895,296) locked from over 81,000 community members. The funds will be...Read More
Grayscale’s parent company has announced that it has increased its credit facility by $600 million through a debt capital raise. The company plans to utilize the funds in order to enhance its investments in its wholly-owned subsidiaries. Digital Currency Group (DCG) announced the news earlier on November 18th, indicating that Elbridge served as administrative agent...Read More
Highlights Traders from the crypto space, incline more towards newer coins over impressive gains in the revolutionary sector. Enjin Coin and Decentraland witness an uptick in interest from enthusiasts. The crypto street is accelerating at a faster pace, as the industry forays into emerging spaces. Like De-Fi, NFTs, Gaming, and Metaverse. The youth and millennials...Read More
[PRESS RELEASE – Please Read Disclaimer] The growth of the cryptocurrency industry in the past few years brought some concerns among global watchdogs that most projects have remained unregulated. This pushed many regulators to start looking into the space, and many companies and protocols have strived to receive the proper regulation to legitimize their businesses....Read More
[PRESS RELEASE – Please Read Disclaimer] November 18, 2021 — The Solana-based play-to-earn game MonkeyBall has been selected as the launch partner of StarLaunch, a new Solana-based IDO and incubation platform. The first IDO on a new platform sets the expectations for all of its future sales, both in terms of the caliber of projects...Read More
The belief that all liquidity providers (LPs) make lucrative gains for depositing funds across various decentralized protocols like Uniswap and Compound, among others, has been refuted by a new study conducted by Topaze Blue and decentralized liquidity platform Bancor. Liquidity Providers Make Losses According to the survey shared with CryptoPotato, nearly half of the users...Read More
Concluding, after a conversation with Dr. Saifedean Ammous, that bitcoin is the “most disruptive technology against inflation,” the Canadian professor of psychology – Jordan Peterson – increased his BTC holdings. ‘Inflation Be Damned’ Jordan Peterson – a clinical psychologist and a famous YouTube personality – interviewed the author of “The Bitcoin Standard” – Dr. Saifedean...Read More
Crypto market gains are fading away due to the extreme sell-offs in the past couple of days. No doubt some of the assets are trying hard to reclaim their positions, but the meme tokens continue accumulating. No doubt it’s a healthy one, yet some foresee a deep dive in the prices that may lead both...Read More
The New Jersey-based crypto lending platform BlockFi has caught the attention of the U.S. Securities and Exchange Commission SEC because of its supposed high yield interest rates on crypto lending. According to a Bloomberg coverage on Wednesday (November 17, 2021), an anonymous source revealed that the SEC was scrutinizing BlockFi. The company’s lending products are...Read More
[PRESS RELEASE – Please Read Disclaimer] FUNToken is soon to be exposed to thousands of iGaming and crypto professionals on the ‘Blockchain Island’ of Malta for the SiGMA Europe conference, running November 15th – 19th,2021. When Lambo? May be Sooner than Expected The popular gaming token, FUNToken, will be showcasing this week in Malta, the...Read More
Consensys – a blockchain technology company – announced that it has recently raised hundreds of millions of dollars from businesses, including HSBC and Third Point. HSBC is Europe’s largest bank, while Third Point is a US-based hedge fund with $17 billion in assets under management. Major Funding For Consensys Consensys announced the results of their...Read More
Peru is joining the list of Latin American countries that are actively working on the development of a CBDC. In a panel on economic institutions organized yesterday during the Annual Conference of Executives (CADE), the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, explained that the country is making progress in the...Read More
The largest grantmaker in the United States – Fidelity Charitable – has reportedly beaten all its previous records in terms of cryptocurrency donations received by the organization. Since the beginning of 2021, it has accepted nearly $274 million in digital assets. Crypto Donations Smashed The Records The news was reported by the British business newspaper...Read More
