Finance and Business News

Decentralized Exchange aggregator, 1inch Network has tapped Amber Group as the lead investor in its Series B funding round facilitated through the private sale of its utility token. The funding round was reportedly oversubscribed and it also saw participation from other investors including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and […]

Crypto fan and Twitter CEO Jack Dorsey announced that he has resigned from his position at the social media giant after serving for over six years. Dorsey tweeted this Monday to his 5.9 million followers that he has stepped down as the CEO of Twitter, which was co-founded by him in 2006. He further disclosed […]

Financial investments are the most lucrative way to increase income, but they don’t come without risks. Until recently, term deposits or savings accounts were the go-to options, but lately, alternatives such as crypto coins (Bitcoin, Ethereum) have been considered. Their popularity is proven by the size of their market, which reached $3,000 billions, according to […]

Floki Inu (FLOKI), the Elon Musk-inspired meme token, has signed a sponsorship agreement with 1926 founded S.S.C. Napoli, the famous Italian professional football club.  As per the November 23 announcement by the football club, the Floki Inu logo showing the very popular Shiba Inu dog wearing a Viking helmet will appear on the backside of Napoli’s jerseys. […]

Yield-bearing assets data tracker, Staking Rewards has pulled $3.2 million (CHF 3 million) from industry heavyweights including Galaxy Digital, Digital Currency Group, and CoinShares amongst others. The funding round which was over-subscribed 6x also enjoined participation from 1kx Capital and Sygnal Ventures. Staking services are fast becoming popular in the digital currency ecosystem, and many […]

With the massive crypto adoption in the past year, Australia has seen tons of new investors hopping into the space, and the Commonwealth Bank of Australia is one of the biggest contributors. The Chief Executive officer (CEO) of the bank, Matt Comyn, said that the bank is highly concerned about the risks of missing out […]

Citi Bank is on a hiring spree at present as it looks to be building a formidable crypto team. The bank is hoping to build out the team and work with other Citi Bank branches to identify and develop products and capabilities for digital assets. So in line with these hiring plans, the institution has […]

The $2.4 trillion worth Pension Fund Industry of Australia has expressed its concerns about the $2.5 trillion crypto industry. The pension industry finds the Decentralized industry risky, as one prominent figure from the sphere talked about it.  The chief investment officer of the Spirit Super, a A$27 billion superannuation fund, Ross Barry, during an interview […]

Bitpanda, the Austria-based crypto exchange platform, and first tech unicorn, has partnered with the French mobile payments service providing app Lydia to provide the latter’s 5.5 million users the ability to invest in cryptocurrencies.   On Monday, the exchange platform announced that its digital asset investment product has now fully integrated Lydia’s payment app to enable […]

According to a study that was released earlier by Ernst & Young, traditional alternative investors may slowly be warming up to cryptocurrencies. The accounting firm’s report details that about 31% of hedge fund managers, 24% of alternative investors, and 13% of private equity managers have all said that they are planning to add crypto to […]

Manchester City, the English football club, has decided to suspend a partnership with 3key, a startup crypto firm after the company failed to do its due diligence before signing. The two companies had joined hands on November 12. At the time, the football club announced it would be collaborating with the startup to raise awareness of the club’s DeFi […]

Notable growth in the non-fungible token (NFT) arena is the growing variety of social impact projects that use digital art to fundraise for humanitarian causes. Orica, an ethical leveraging technology platform that supports artists and social impact organizations (SIOs) in creating and selling NFTs, is one such endeavor harnessing technology. Launched on November 18 at […]

Digital Currency Group, one of the most iconic business groups catering to the fast-growing cryptocurrency ecosystem said it has secured a $600 million credit facility, marking its grand entry into the debt market.  According to the firm, Eldridge led and served as administrative agent of the credit facility. Amongst the companies that bankrolled the credit […]

Nym Technologies, the promising European security startup, announces a $13 million fundraising round with renowned crypto investor Andreessen Horowitz (also called a16z). Venture capital firms Tayssir Capital, Hashkey, Digital Currency Group, Huobi Ventures, and Fenbush also participated in the fundraising round. As per the financial data from Crunchbase, this third funding round marked as the […]

U.S. state North Dakota’s City of Williston is working hard in the crypto sector and recently announced the installation of a crypto automated teller machine (ATM) under its actions on crypto exploration and adoption. The ATM will be installed in its international airport. The administration of the city announced the government-hosted cryptocurrency kiosk installation at the Williston […]

New York-based blockchain software technology company, ConsenSys has announced the successful completion of a $200 million funding round. The round enjoined participation from top investors including Marshall Wace, Third Point, and Think Investments, who contributed alongside existing investors such as Dragonfly Capital, Electric Capital, Spartan Group, Coinbase Ventures, HSBC, DeFiance Capital, and Animoca Brands The […]

Oasis Foundation, a developer group, believing in integrity and longevity, announced its launch of a $160 million ecosystem fund to help founders and project developers on the Oasis network and ecosystem. Oasis network is a privacy-enabled blockchain that focuses on DeFi and the data economy. Wednesday’s announcement says that the fund is dedicated to attracting new developers […]

Despite the $2.6 trillion industry that the digital currencies ecosystem represents, the United States Treasury Deputy Secretary, Wally Adeyemo believes the nascent asset class will not impact the dominance of the US Dollar in global financial transactions. Adeyemo acknowledges the fact that cryptocurrencies present a number of opportunities for the economy, however, the risks they […]