Tag Archives: AA News

ConsenSys – a leading Ethereum software company – just announced another $450 million in Series D funding. This brings the company’s total valuation to over $7 billion. This more than doubles ConsenSys’s valuation since its $200 million Series C raise last November. According to a press release from the company, the funding will be used to hire over 600 new employees around the world, and to help expand the broader Ethereum ecosystem even further. New investors that...

Coinbase has just announced that it will launch its NFT marketplace… “soon.” On March 14, Coinbase NFT —the account for Coinbase’s upcoming NFT marketplace— posted on its official Twitter account that its team met with more than 100 content creators to work on the launch of their new NFT marketplace. However, so far, there is no official launch date. What is clear is that the marketplace will be launched in the near future and will feature several tools and innovations that...

Steve Adler – the mayor of Austin, Texas – proposed two initiatives to turn the city into a “global leader in the crypto space.” The first includes further promotion of the benefits of blockchain technology and Web3, while the second is orientated towards adopting bitcoin as a payment method. Austin to Follow Miami and New York According to a recent statement, the Mayor of Austin – Steve Adler – seeks to “utilize new technologies and innovation to improve government processes...

The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.” High Hopes on Crypto PayPal’s top executive has been an advocate of the cryptocurrency industry for a while and even admitted in 2019 that he owned bitcoin. In his most recent speech at Axis Tel Aviv,...

Dapp discovery and analysis platform DappRadar has released a detailed report covering how the war between Russia and Ukraine has impacted the crypto industry. It argues that blockchain-based solutions could “play an important role” as the war continues, especially in light of global sanctions and asset freezes against Russia. The Macroeconomic Picture The report begins by assessing both Russia’s and Ukraine’s economic roles in the world. While Russia is one of the world’s...

CoinShares – a digital asset management firm – has increased its stake in the Swiss online banking platform ‘FlowBank’ following approval from the Swiss Financial Market Supervisory Authority. According to a press release from CoinShares earlier today, the increased investment will facilitate “increased digital asset exposure” for FlowBank’s clients using the CoinShares platform. CoinShares’ previous stake in FlowBank was established in October of 2021 at 9.02%. The...

Cardano network has seen notable traction in terms of total locked value (TVL) that has been on a steady rise since the beginning of the year. DeFi TVL on Cardano Skyrockets The latest stats from DeFi TVL aggregator Defi Llama suggests the total value locked (TVL) on Cardano’s decentralized finance (DeFi) protocols has broken a new high of more than $188 million on March 14. The figures cross $270 million when staked governance tokens are added to the valuation of the...

Silicon Valley venture capital firm, Sequoia is betting big on the leading Solana NFT marketplace – Market Eden. OpenSea happens to be the leader in the NFT space, however, its dominance appears to be dwindling. There are now newer platforms backed by some of the biggest investors that may have been contributing to this trend. Magic Eden’s $27 Million Funding Round According to the latest reports, Magic Eden is set to announce $27 million in Series A. Leading the round is...

The XRP Ledger Foundation, the independent non-profit entity behind the development of the XRP Ledger, has announced the launch of the initial phase of the Token Assessment Framework. It comes following a collaboration with Grant Thornton Baltic, a business advisory service provider. XRPL Foundation’s New Token Assessment Framework According to the official blog post, the main objective of the framework is to provide transparency for investors in the XRP Ledger (XRPL)...

Binance Holdings Ltd. is currently in deliberations over a license to operate in Dubai, thereby boosting its presence in the Middle East. This was first reported by Bloomberg, citing a ‘person familiar with the matter’. Binance anticipates an accreditation to operate as a service provider in the Dubai World Trade Centre ‘free zone’ as soon as possible. This comes after the EU clarified that crypto ‘is falling under the sanctions imposed by them upon Russia and Belarus’. The...