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.
Singapore’s MAS to Explore Blockchain and DeFi Use Cases
Called Project Guardian, the new MAS pilot will be led by financial heavyweights J.P. Morgan, DBS Bank, and Marketnode.
The first pilot of the project will explore DeFi applications in wholesale funding markets through the creation of liquidity pool of tokenized bonds and deposits.
May 31, 2022, 11:32 AM
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.
May 3, 2022, 3:27 PM
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.
April 13, 2022, 7:25 PM
Apr 13, 2022
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.
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.
Mar 22, 2022
Banking App Dave Partners With FTX.US
The banking app not only formed a strategic partnership with FTX.US, but also received a $100 million investment from FTX Ventures.
Both companies are now exploring ways to introduce cryptocurrency payments to the US-based banking app.
Mar 16, 2022
HSBC Partners With Metaverse Giant The Sandbox
The partnership will see HSBC acquire a plot of LAND in The Sandbox, which will be developed to entertain a variety of sports fans.
The reason behind the move was HSBC’s belief in the future of the metaverse, and its potential to create new experiences for its existing and future customers.
Mar 8, 2022
Binance Launches Fiat-to-Crypto Payments Provider
Merchants will be able to use Bifinity’s APIs to “get their business crypto-ready”, enabling them to accept payments in crypto.
The new fiat-to-crypto payments provider will support 50 cryptocurrencies and all major payment platforms, including Visa and Mastercard.
Mar 4, 2022
Crypto Exchange OKX Partners With Manchester City Football Club
This is OKX’s first venture into the world of sports and entertainment, with the multi-year partnership spanning across Man City’s men and women’s teams, in addition to its e-sports operations.
The agreement will also allow OKX’s logo to appear at both Etihad Stadium, Man City’s home ground, and Academy Stadium.