CoinFLEX to Resume Withdrawals After $47M Token Offering
- CoinFLEX paused all withdrawals on the platform on 24 June due to extreme market conditions, and an account going into negative equity without being liquidated.
- Called Recovery Value USD (rvUSD), the new token will be worth $1 each, and will come with a 20% APR paid daily in rvUSD.
4 hours ago
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CAKE Jumps in Price Following Binance Labs’ Investment
- While far from its all-time high of $43.96, the price of CAKE did jump by 7% following Binance Labs’ investment, and is now traded for around $4.7.
- As the largest dapp on BNB Chain, PancakeSwap has been leading the development and adoption of the blockchain, which is one of the reasons behind the investment.
June 6, 2022, 3:56 PM
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Binance’s VC Arm Raises $500M to Fund Web3 and Crypto Adoption
- The fund is the first in Binance Labs’ history to be created with outside capital, namely from DST Global Partners, Breyer Capital, unnamed private equity funds, and others.
- The new $500 million fund will invest in cryptocurrency companies in three stages of development, from incubation, to early-stage venture, and finally late-stage growth.
June 1, 2022, 1:22 PM
Binance CEO Changpeng Zhao speaking at an “Ask Us Anything” conference. Binance
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.
May 12, 2022, 5:55 PM
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May 10, 2022
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.
Apr 26, 2022
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.
Apr 12, 2022
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.
Apr 12, 2022
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.
Apr 4, 2022
Coinbase to Expand Presence in India
- CEO Brian Armstrong revealed that Coinbase was planning to quadruple the number of employees in its Indian tech hub.
- Coinbase’s investment arm will be holding an in-person event in Bangalore on 7 April, where it plans to invest $1 million in crypto and web3 companies.
Mar 31, 2022
Blockchain.com Reportedly Valued at $14B
- While the funding round is yet to be confirmed by Blockchain.com or the investors, Bloomberg said it had raised the valuation of the exchange to $14 billion.
- The new funding round was reportedly led by Lightspeed Venture Partners, and saw “major participation” from Baillie Gifford & Co.