Cryptocurrency

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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Wikipedia Bans Crypto Donations, Closes BitPay Account

  • The proposal to block crypto donations was made back in January, and a recent vote showed that 71% of the community supported the idea.
  • As part of the decision, the Wikimedia Foundation revealed it will be closing down its account with BitPay, its crypto payment service partner.
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Binance Blocks Accounts of Relatives of Russian Government Officials

  • The accounts of Elizaveta Peskova, daughter of spokesman Dmitry Peskov, Polina Kovaleva, stepdaughter of Sergei Lavrov, and Kirill Malofeev, son of oligarch Konstantin Malofeev, have already been closed.
  • Last week the exchange had also implemented new stricter rules for Russian users with crypto holdings of more than €10,000, following the latest sanctions on Moscow from the E.U.
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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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Deus Finance Exploited for $13.4M in Flash Loan Attack

  • Blockchain security firm PeckShield noted the attacker used a $143 million flash loan to inflate the price of DEI, allowing him to steal $13.4 million from Deus Finance.
  • This is the second time in two months that a malicious entity had used a flash loan exploit to manipulate the price of digital assets on the DeFi platform.
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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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Binance.US Acquires Money Transmitter License in Puerto Rico

  • With this license, Binance.US now operates in 45 states and seven territories of the U.S., moving it a step closer to its goal of providing services in all states and territories.
  • Binance.US CEO Brian Shroder noted that this license was important to the exchange, as Puerto Rico is a particularly important market for the growth of crypto.
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KuCoin Launches $100M NFT Creators Fund

  • The $100 million Creators Fund was launched by the company's venture arm, KuCoin Ventures, and its newly launched NFT marketplace, Windvane.
  • It will support a wide range of NFT projects, such as art, sports, profile pictures (PFPs), Asian culture, celebrities, GameFi, and others.