Blockchain/Bitcoin

Crypto Firm Circle Raises US$440 Million, Considers US$4 Billion SPAC Deal

Circle, creator of the second largest stablecoin USDC, announced it has raised US$440 million in financing from leading institutional and strategic investors. The financing included investments from leading private equity, institutional and strategic investors, including Fidelity Management and Research Company,

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Diem Withdraws Swiss License Application, Makes Bold Move With U.S. Shift

Diem Association, a digital currency project previously knows as Facebook’s Libra project, announced that it has dropped its plans to get a Swiss payments license and will instead focus on shifting its primary operations to the United States. The crypto

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Visa Teams up With Tala to Drive Crypto Adoption Among the Underbanked

Tala, a digital financial services provider in emerging markets, announced a new partnership with Visa to help underbanked populations participate in the crypto economy. Together with additional partners Circle and the Stellar Development Foundation, Tala will explore opportunities to make

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Crypto Firm Paxos Raises US$ 300 Million in Series D Funding At US$ 2.4 Billion Valuation

Paxos, a New York-based regulated blockchain infrastructure platform, announced it has closed a US$ 300 million Series D round of funding. Oak HC/FT led the round, with participation from previous investors Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group,

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Digital Asset Bags US$120 Million to Expand its Daml Data Network

Digital Asset, the creators of the Daml multi-party application platform, announced that it has raised over US$ 120 million in Series D funding from 7RIDGE and Eldridge. The company said that it will use this financing to continue to expand

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PayPal’s Venmo Introduces Crypto Buying and Selling Within Its App

Venmo, a mobile payment service owned by PayPal, announced that it now allows more than 70 million of its customers to buy, hold and sell cryptocurrency directly within the app. The offering will be available for all customers within the

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Instinet and Credit Suisse Conduct Same-Day Settlement of US Traded Stocks

Paxos Trust Company, a regulated financial market infrastructure provider, announced Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service. The trades occurred at 11 AM ET and 3

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RealT Selects Mt Pelerin’s Asset Tokenisation Technology for Real Estate Management

Real estate tokenisation platform RealT has chosen Swiss fintech Mt Pelerin‘s Bridge Protocol, an open source asset tokenisation technology, to optimise the management of its properties and investors. RealT, an American company based in Florida, has created a model that

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PayPal Allows American Customers to Use Cryptocurrencies for Purchases

PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly. Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can

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Visa Pilots Payment Settlements Using Stablecoin with Crypto.com

Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with

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