Gemini and Bancolombia to Enable Crypto Trading in Colombia
- Starting 14 December, Bancolombia clients will be able to trade four crypto assets, namely BTC, ETH, LTC, and BCH.
- The partnership is part of a year-long pilot program run by Colombia’s financial regulator SFC to test banking services for crypto platforms.
Crypto Trading App Stacked Raises $35M in Series A
- The company plans to double its 40-person team in 2022, as well as continue scaling its crypto portfolios and automated lending products.
- Stacked plans to grow its popularity, and reach $1 billion in assets under management, by going fully mobile in the next six months.
Binance & Animoca Brands Launch $200M GameFi Fund
- The newly established fund will focus on early-stage GameFi projects that are building on the Binance Smart Chain network.
- Both companies will contribute up to $100 million to the program, with Binance investing through its $1 Billion Growth Fund.
Blockchain.com to Launch NFT Marketplace
- The cryptocurrency exchange has already opened a waiting list for the new platform, which will allow users to buy, sell, and store NFTs.
- In order to make the process of buying NFTs more straightforward and user friendly, Blockchain.com will add NFT functionality to its crypto wallet.
Mercado Pago to Launch Crypto Services in Brazil Through Paxos
- The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
- Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.
1inch Network Raises $175M in Series B Round
- The new funds will be used to onboard institutional clients, build new protocols, and expand the utility of its native 1INCH token.
- While the initial target for the Series B was $70 million, the huge demand from some of crypto's largest venture funds forced 1inch to increase it to $175 million.
Crypto.com to Acquire Two U.S. Exchanges
- The popular crypto exchange has offered IG Group $216 million for its stakes in U.S.-based Nadex and Small Exchange.
- The acquisition, expected to be complete in the first half of 2022, will enable Crypto.com to offer its U.S. customers access to derivatives and futures products.
Coinbase to Acquire Cryptographic Security Expert Unbound Security
- Unbound Security is an expert in secure multi-party computation, which combines the security of cold storage with the "frictionless convenience" of a hot wallet.
- The crypto exchange also plans to establish its presence in Israel, and create a new "tech center of excellence" in the country.
Bancor Reveals New V3 Features
- Bancor 3 will offer users new pools, an upgraded impermanent loss protection mechanism, auto-compounding for staking rewards, and more.
- The upgrade is set to roll out in three phases, dubbed "Dawn, Sunrise, and Daylight", targeting deployment for early 2022.
Galaxy Digital to Raise $500M Through Convertible Debt
- The company will issue exchangeable senior notes, with the debt bearing a 3% interest rate, which will reach maturity in 2026.
- The deal, expected to close this December, also allows the bond holders to exchange the debt for company stock.