Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

BBVA Bank to Offer Bitcoin Trading, Custody to Swiss Clients

  • The service will only be available in Switzerland, due to the region's clear crypto regulations and widespread adoption.
  • Initially BBVA will provide only services for Bitcoin, but the bank has plans to gradually extend its offering to other cryptocurrencies in the future.

Fireblocks Integrates

  • By Joining Fireblocks' network, will be able to increase its institutional trading volume, and overall global presence.
  • The network has more than 400 institutional participants, and has already exceeded $700 billion in transfer volume.

Derivatives DEX SynFutures Raises $14M in Series A

  • The goal of the DEX is to enable "trading on anything with a price feed", including cryptocurrency, equities, metals, and others.
  • Part of the newly acquired funds will be used as the initial liquidity pool, while the rest will be dedicated to hiring and development costs.

Kyber Network Expands to Polygon

  • Kyber will expand to Polygon on 30 June, and will launch a $30 million liquidity mining program meant to bring more liquidity to the DeFi ecosystem.
  • The Polygon phase of the program will award six liquidity pools with $5 million worth of tokens, while the Ethereum one offers $25 million worth of tokens.

Ledger Live Enables Crypto Buying in U.S.

  • The new feature was made available through a partnership with blockchain-based payments firm Wyre, which will offer its services exclusively to U.S. customers.
  • Wyre has not only expanded the number of states the service is available in, but also increased the amount of tokens and coins available on Ledger Live.

Last Week in DeFi: Curve V2, Alpha Homora Launchpad, Venus Recovery Proposal

  • Since its release, PancakeSwap v2 has continued to grow in popularity, and last week interacted with more than 1.1 million unique active wallets.
  • Alpha Homora's Launchpad will help emerging DeFi projects fine-tune their ideas and provide business and technical consulting.

Stake Technologies Raises $10M For Polkadot, Kusama Auctions

  • The $10 million investment will help Stake Technologies win slots in the upcoming Parachain Lease Offering for Kusama and Polkadot.
  • If it secures itself a spot, Stake will bring a smart contract development layer to the Polkadot network, which is interoperable with Ethereum.

Ledger Secures $380M in Series C

  • Led by 10T Holdings, the $380 million Series C funding round has raised the valuation of Ledger to $1.5 billion.
  • The funds will help the firm diversify its offering beyond crypto, and add support for NFT, real estate, and other forms of value on the blockchain.

Enjin, Health Hero Partner on NFT Wellness App

  • Named "Go! By Health Hero", the app will allow users to create unique Well-being Non-Fungible Tokens (W-NFTs) based on their health and activity characteristics.
  • The app will use Enjin's gas-free JumpNet blockchain, which uses 99.99% less electricity than Ethereum, in order to remain environmentally friendly and cheap for users.

Gemini Boosts Custody Security With Shard X Acquisition

  • Shard X's MPC cryptographic technology is considered more secure, as it private keys are broken into shards and distributed to various parties.
  • While the terms of the deal have remained undisclosed, all three members of Shard X will become part of Gemini's U.K. affiliate.