Chaos Labs Raises $20M in Seed Round Co-Led by PayPal and Galaxy Digital
- The new funding will help Chaos Labs build out and expand its suit of risk and security products that can help DeFi protocols.
- The seed funding round was co-led by PayPal and Galaxy Digital, but also saw participation from including Coinbase Ventures, Polygon, Avalanche, OpenSea, Uniswap, and others.
February 22, 2023, 4:48 PM
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Saudi Arabia Partners with The Sandbox on Metaverse Development
- Metaverse gaming platform The Sandbox has signed a memorandum of understanding (MoU) with the Saudi Arabia Digital Government Authority.
- The partnership will see The Sandbox and DGA “exploring, advising and supporting” each other on future metaverse projects.
February 8, 2023, 5:35 PM
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Binance and Mastercard Release Prepaid Crypto Card in Brazil
- Currently in its beta launch phase in Brazil, the Binance Card will allow its holders to make payments and purchases using 13 supported cryptocurrencies.
- Brazil has become the second country in Latin America to receive the product, following a similar announcement in Argentina in August 2022.
January 30, 2023, 5:56 PM
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Uniswap Partners with Moonpay, Enables Crypto Purchases Using Debit and Credit Cards
- The new partnership with Moonpay allows Uniswap users to purchase crypto using debit and credit cards, as well as bank transfers, directly on the popular DEX.
- The platform will initially support purchases of DAI, ETH, USDC, USDT, wBTC, and wETH on the Ethereum, Polygon, Optimism, and Arbitrum networks.
December 21, 2022, 12:41 PM
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Nov 2, 2022
MetaMask to Launch NFT Price Tracking Feature
- The popular web3 wallet has partnered with NFTBank, a firm building NFT price-tracking tools, in order to make the new feature possible.
- NFTBank claims it can offer over 90% accuracy on its prediction thanks to its machine learning algorithm that takes into account floor price, rarity, and bid/ask distribution for NFTs.
Oct 27, 2022
FTX Considers Launching a Stablecoin
- FTX CEO Sam Bankman-Fried said in an interview it is very likely FTX creates a stablecoin, though it prefers to partner with someone on the project.
- While not many details were revealed, Bankman-Fried noted we could hear something on this topic in the “not-too-distant future”.
Oct 24, 2022
Fireblocks Launches Payments Engine Following Successful Checkout.com Pilot
- Though officially launched today, the Payments Engine has already been used by Checkout.com during its pilot phase to settle around $1 billion in crypto transactions.
- The solution offers quick access to fiat-to-crypto conversion, cross-border internal settlement, micropayments, and merchant adoption with lower processing fees.
Oct 20, 2022
Online Bank N26 Launches Crypto Trading With Bitpanda Partnership
- German digital bank N26 will use Bitpanda’s White Label solution to allow select clients to buy and sell close to 200 crypto assets.
- The service will initially be available only to Austrian customers, but N26 plans to expand its reach to other key markets over the next six months.
Oct 19, 2022
Brazil’s Largest Digital Bank to Launch Token in 2023
- Powered by Polygon technology, NuCoin will provide NuBank customers in Brazil, Colombia, and Mexico with exclusive perks and discounts.
- Brazil’s largest digital bank will select 2,000 loyal customers by the end of the month to participate in the creation process of the digital asset.
Oct 17, 2022
MasterCard to Help Banks Offer Crypto Trading
- The new program will see MasterCard act as a “bridge” between Paxos and financial institutions, allowing them to offer crypto trading services to their clients.
- The payments giant will also assist institutions with regulatory compliance and security, two reasons banks cite for avoiding the asset class.