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Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October
21.7.2021
The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital...
FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion
21.7.2021
FTX Trading Ltd. announced the firm has closed the largest capital raise in crypto exchange history in a Series B funding round for $900 million. The financing gives FTX a valuation of around $18 billion and the crypto firm aims to expand its global presence. FTX Closes Largest Capital Raise...
FTX smashes crypto funding record with $900m raise to become exchange decacorn
20.7.2021
The crypto derivatives exchange has seen its valuation soar over the past year, reflecting the rapid growth of digital assets over the same period
Social NFT platform DeFine raises $5M from Asian investors
20.7.2021
The market for nonfungible tokens, or NFTs, appears to be growing in Asia. Several companies and venture funds have backed DeFine in its quest to bring NFTs to mainstream audiences
CoinFund debuts $83M crypto startup fund
20.7.2021
“Blockchain-based networks will be distributed to billions of people globally through digital wallets,” said CoinFund CIO Alex Felix. “We’ve consistently positioned early in three core areas: verticals with early traction, the technology innovations that come next and the infrastructure on which...
After ‘7/20’ social media campaign, Sushi reveals all-in-one AMM ‘Trident’
20.7.2021
The new AMM will feature four customizable pool options and offer significant capital efficiency for depositors
Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is ‘Doomed’
18.7.2021
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has predicted that the price of bitcoin will fall below the $23K level. “Right now, the chart on bitcoin looks pretty scary,” he said, adding that “it looks like a massive head-and-shoulders...
Bitcoin interoperability platform Interlay raises $3M in seed funding
17.7.2021
Interlay’s mission is to bring its interBTC product to all major blockchains, including Polkadot, Ethereum and Cosmos, according to founder and CEO Alexei Zamyatin
Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
16.7.2021
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek...
Phantom raises $9M to launch multi-chain crypto wallet
14.7.2021
The Series A fundraiser was led by Andreessen Horowitz, with participation from Variant Fund, Jump Capital, DeFi Alliance and Solana Foundation. Angel investors from Compound, dYdX and Ethereum Foundation also participated
Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks
14.7.2021
The Series B funding round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures
Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols
14.7.2021
Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn...
Capital International Group purchases 12.2% stake in MicroStrategy
12.7.2021
MicroStrategy is by far the largest corporate Bitcoin holder on the planet with 105,084 BTC on its books. Entities under Michael Saylor's control hold more than 111,000 BTC
Social NFT Project Nifty’s Raises $10M, Partners With Entertainment Giant Warner Bros
12.7.2021
The Miami-based Nifty’s, Inc. announced the launch of the project’s website which aims to reveal a non-fungible token (NFT) social platform focused on gathering mainstream attention. The company has also revealed it raised $10 million in a seed round from well-known investors like...
Nifty’s Inc. launches social NFT platform with Warner Bros. partnership
12.7.2021
The Nifty community plans to be an “inviting home base for new and experienced explorers of the NFT universe,” according to CEO and co-founder Jeff Marsilio
Former pro sailer brokers tax-haven passports for wealthy crypto clients
12.7.2021
Rich crypto investors are purchasing passports in tax havens for less than $200,000
Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy
12.7.2021
Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares...
Stock-to-Flow Bitcoin Price Model Criticized as BTC Price Ratio Matches 2019 Statistics
10.7.2021
During the last week, crypto enthusiasts and traders have been discussing the stock-to-flow (S2F) bitcoin price model created by the pseudonymous crypto analyst “Plan B.” Despite Plan B’s worst and best case scenario calls on June 20, a touch over a week later the analyst said...
Capital International purchased $600M in MicroStrategy stock
9.7.2021
MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million
DeFi on Solana: Solrise raises $3.4M for non-custodial asset management
6.7.2021
Solrise Finance is a DeFi protocol designed to support managed portfolios on the Solana network. The platform allows investors to allocate capital across several actively managed funds