Business

Chainalysis Valued at $8.6B Following $170M Round

  • The Series F round has more than doubled Chainalysis' valuation since last year, which is not surprising considering it has increased its customer base by 75%.
  • The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
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  • The Series F round has more than doubled Chainalysis' valuation since last year, which is not surprising considering it has increased its customer base by 75%.
  • The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
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KuCoin Raises $150M, Announces Web3 Expansion

  • KuCoin's $150 million pre-Series B funding round was led by Jump Crypto, and increased the valuation of the company to $10 billion.
  • KuCoin will use the funds to expand its product offerings, as well as build and invest into DeFi, GameFi, NFT, and crypto wallet platforms.
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Meta to Start NFT Tests on Instagram This Week

  • Mark Zuckerberg revealed that Instagram will be the first app under Meta's control to start NFT tests, and that Facebook could soon see a similar functionality.
  • Meta's CEO also noted that the company was working on augmented reality NFTs, which will allow users to place their digital art into physical spaces.
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Gucci to Accept Crypto Payments in Select U.S. Stores

  • The crypto payment feature will be rolled-out in five Gucci stores, located in New York, Los Angeles, Miami, Atlanta, and Las Vegas, by the end of the month.
  • Gucci plans to accept 12 cryptocurrencies, namely BTC, ETH, wBTC, LTC, SHIB, DOGE, and five dollar-backed stablecoins.
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FIFA Welcomes Algorand as Official Blockchain Sponsor

  • The blockchain has become the regional supporter in North American and Europe for the 2022 World Cup, and also the official sponsor of the Women's World Cup in 2023.
  • The partnership will see Algorand help FIFA further develop its digital asset strategy, and also provide it with an official wallet solution.
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Goldman Sachs Approves First BTC-Backed Loan

  • A Goldman Sachs spokesperson noted that the deal was particularly interesting because of its unique structure and 24/7 risk management.
  • The move comes at a time when Wall Street firms have started to increase their involvement in the crypto space.
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Gibraltar to Combat Crypto Market Manipulation With New Rules

  • The legislation will implement new standards for crypto market integrity in Gibraltar, designed to combat insider trading and market manipulation in the sector.
  • DLT providers will now be required to seek out and prevent insider trading, and the publication of misleading information aimed at manipulating the crypto market.
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Cuba’s Central Bank to License VASPs Starting May

  • The license will be available for individuals as well as organizations and will be valid for a year, though its validity can be extended for a second year.
  • VASPs that fail to comply with the new licensing regime will face penalties in line with existing banking rules and regulations.
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Fidelity to Offer BTC Exposure to 401(k) Savings Accounts

  • Once the change has been implemented, more than 23,000 U.S.-based companies could allow their employees to invest in BTC through their 401(k) retirement savings accounts.
  • Fidelity plans to release the new option later this year, allowing 401(k) account holders to invest up to 20% of their portfolio in BTC.
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Gemini Launches Crypto Rewards Card in All U.S. States

  • Gemini Credit Card, which was supposed to launch last summer, was released in partnership with Mastercard and WebBank.
  • More than 500,000 users had signed up on Gemini's waitlist, hoping to be the first to try the card that offers up to 3% crypto cashback for dining, 2% for groceries, and 1% for other purchases.
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Nexo’s Crypto Card Enables Users to Pay Without Selling Holdings

  • Unlike other crypto cards that sell user's holdings at the point of sale, Nexo Card uses a crypto-backed credit line that can use a number of digital assets as collateral.
  • Launched in partnership with Mastercard and DiPocket, the card gives access to more than 92 million merchants, and offers a credit line that stays at 0% APR.
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FIS Partners With Fireblocks to Accelerate Crypto Adoption

  • Clients of the Fortune 500 company will now gain access to a self-custody digital asset wallet technology, as well as tools for staking and DeFi.
  • Partnering with FIS brings Fireblocks' technology to "nearly every type" of buy-side, sell-side, and corporate institution in traditional assets.
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Circle Partners With BlackRock, Reveals $400M Funding Round

  • BlackRock, the main asset manager for the USDC cash reserves, will now explore the capital market applications for the USDC stablecoin.
  • The $400 million funding round, which is expected to complete in the second quarter, will see participation from Fidelity, Marshall Wace, Fin Capital, and BlackRock.
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Uniswap Labs Launches Web3 Venture Wing

  • Prior to creating Uniswap Labs Ventures, Uniswap had already invested in 11 projects, including MakerDAO, Aave, Compound, PartyDAO, and others.
  • ULV has plans to participate in the governance of Aave, Compound Finance, Ethereum Name Service, MakerDAO, and projects it invests in the future.