Finance and Business News

The Japan-based digital wallet company, Kyash, has announced that it has secured $41.2 million funding in a Series D round. The platform, which was launched in 2015, has grown its total funding to around $108 million through its cashless mobile app and corresponding credit card. The announcement, according to a report by Nikkei, revealed that both international […]

Australia is not far when it comes to cryptocurrencies and their adoption as recently, the authorities introduced several steps to boost crypto adoption in the nation. However, it is important to note that an Australian fintech firm called Block Earner has confirmed a seed funding round of $6.4 million which offers a fixed return of 7% […]

Over the past month, the price of commodities including oil, food and metals has skyrocketed. Knock-on effects of high commodity prices are well-known, including inflated manufacturing costs, and slowing economic growth. The unique phenomenon of inflated prices coupled with slowing economic growth is known as stagflation — and economists are sounding the warning bells.  Stagflation […]

One of the biggest banks in Europe, HSBC, which has a total worth of $2.4 trillion, has announced that it is planning to buy a virtual plot of LAND in The Sandbox metaverse for an unknown amount. As per the statement by The Sandbox, the new project will develop options for users to engage with esports […]

Blockchain security and analytics company Elliptic has discovered a wallet with “significant crypto-asset holdings” worth millions of dollars that has a potential connection with the sanctioned Russian individual or organization. The company has been continuously investigating with authorities to expose crypto wallets that are linked with sanctioned officials and oligarchs. During an interview with Bloomberg on Monday, Tom Robinson, […]

Financial modeling company Gauntlet which specializes in crypto, has raised $23.8 million in a Series B funding round that saw participation from some major blockchain venture funds. This resulted in the company achieving Unicorn status, which means that it has reached a $1 billion valuation. As per the report by Bloomberg, the Palo Alto-based venture firm Ribbit […]

Do Kwon, the founder and CEO of Terraform Labs (TFL), which creates the Terra Luna (LUNA) and TerraUSD stablecoin (UST) blockchain ecosystems, said on Friday that TFL had donated 12 million LUNA ($1.1 billion as per the current market rate) to the Luna Foundation Guard (LFG).   LFG was founded in January with the goal of expanding the […]

The Crypto industry and crypto proponents lobbying culture is booming in the U.S. Congress. As per a report published by Public Citizen on Tuesday, the number of crypto-related issues’ lobbyists have surged from 115 in 2018 to 320 in 2021 along with the number of representatives from the crypto industry rising from 47 to 157 in the […]

Cryptocurrency market-making company GSR has joined hands with the Ethereum based decentralized oracle network (DON) Chainlink, which integrated real-world assets into DeFi, to contribute price data to DONs that could be used within the DeFi and smart contract implementations. The move clearly shows that the blockchain industry is continuously growing to improve interoperability and cross-platform capabilities. […]

The crypto community’s support for Ukraine has been skyrocketing with the total donations going continuously up. As per the reports, the donations across wallet addresses, relief funds, and charities have crossed $108 million.  The top three donations came from the official Bitcoin and Ethereum wallet addresses of the Ukrainian government, and a Bitcoin donations address […]

Animoca Brands’ The Sandbox (SAND) metaverse announced that it has partnered with the NFT community World of Women for the launch of trending WoW Foundation. The company has provided the foundation with $25 million for helping it for more than five years. WoW, a collection of “diverse and powerful” women sold on the Ethereum blockchain, […]

In an announcement this Tuesday, Hardware wallet firm Ledger revealed its plans to launch a limited edition of a brand new and exclusive hardware wallet, the Ledger Nano S Plus. The company has decided to make only 10,000 devices valued at $79 each for pre-ordering. Moreover, the company has also partnered with POAP, an Ethereum-based Proof of […]

Ordinarily, buying and holding a crypto asset is a method of accumulating more crypto but in reality, it doesn’t really guarantee profit making. Funds could actually be lost in the process of doing such. Owing to this fact, it is safe to state that hodling crypto is not the surest way neither is it a […]

The blockchain technology-based company CargoX, which specializes in document transfer solutions, has revealed that it has extended its agreement with the government of Egypt for the long-term. The agreement is meant to digitize the country’s trade flow. CargoX manages 12,000 transactions per day Notably, in 2021, the government of Egypt integrated CargoX’s Blockchain Document Transfer (BDT) […]

A decentralized banking firm, Scallop, aimed to improve global data security is welcomed by the council formed by traditional finance service giants – Discover, Visa, American Express, and Mastercard. Scallop, a regulated banking application, announced its entry to the PCI Security Standard Council (PCI SSC). The primary goal of the app is to improve payment […]

The venture capital firm Andreessen Horowitz has invested $70 million in Staking protocol for Ethereum Lido Finance, marking the protocol’s first investment round since May 2021. According to a representative for Andreessen Horowitz, the venture capital firm’s investment in Lido is designed to help accelerate the adoption of decentralized staking solutions for Ethereum 2.0. With […]

Citadel, a multibillion-dollar hedge fund and financial services firm based in the United States, is planning to enter the crypto market this year. Citadel founder Ken Griffin spoke on the current state of markets in light of recent geopolitical events on Bloomberg Wealth, claiming that they are at a “very volatile inflection point.” When the conversation came […]

According to blockchain analysis firm Elliptic, Ukraine’s government has raised more than $8 million in cryptocurrencies after appealing for donations of bitcoin and other digital tokens on social media, as we reported. Following Russia’s invasion of Ukraine, Ukraine’s official Twitter account made a call for crypto donations on Saturday, revealing digital wallet addresses for tokens such as […]