FTX Launches a USD 2B Blockchain & Web3 Fund


  Major crypto derivatives exchange FTX has launched a USD 2bn venture fund, FTX Ventures. The new fund is focused on “backing the world's best teams building in the digital asset ecosystem,” the company said. It seeks to invest in multi-stage companies and projects, with the team stating that...

Swiss National Bank Trials CBDC in Transactions With Five Banks


The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services...

NYCB and Group of Banks Join to Launch USDF Stablecoin


A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured...

Bitcoin and Ethereum Extend Decline, Dogecoin Rises


Bitcoin price started a downside correction from USD 44,000. BTC traded below the USD 43,200 and USD 43,000 support levels. It is currently (11:30 UTC) trading below USD 42,500 and there is a risk of further downsides. Similarly, most major altcoins are extending losses. ETH traded below the...

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