Get your everyday, bite-sized digest of cryptoasset and blockchain-related news — exploring the stories flying under the radar of the crypto news.
- The significant crypto index fund director, Bitwise Asset Management, said it raised USD 70m in a Series B round, valuing the company at more than USD 500m. Bitwise said they are profitable and expect to utilize the proceeds from the round to strengthen its balance sheet and quicken the national buildout of its organization, staff, and product suite.
- Ethereum-based decentralized crypto market dYdX stated it has raised USD 65m in a Series C round, led by Paradigm. Other shareholders include Three Arrows Capital, a16z, Polychain Capital, and others. The market said they will use the new funds to construct a bridge between conventional and decentralized fund, create a mobile app, and add more assets and attributes to their platform.
- Blockchain tracking and workflow automation platform PARSIQ has raised USD 3m in a Series A funding round led by Solana Foundation, together with participants such as Mindworks VC, Axia8 Ventures, Krypital Group, and others, according to an emailed press release. The purpose of the round was to acquire new strategic partners, while the newest investors will help the job in product development, go-to-market approaches, promotion, etc..
- Barry Silbert, Founder and CEO of Digital Currency Group, stated in a tweet conversation that he finds 99 percent of cryptoassets to become overpriced. He also warned to be ready for”the macro fireworks.” “No clue what are the spark, thus the volatility hedge. But food prices, oil costs, investor complacency, speculative excess, lack of trust from the Fed, interest rate normalization, meme stocks, overpriced cryptos, etc. are on my thoughts,” he explained.
@TheStalwart 99 percent are overpriced– Barry Silbert (@BarrySilbert)
It’s not the first attack on a crypto trade in Hong Kong this past year.
- Approximately a quarter of the 50 surveyed central banks would enable tourists as well as other non-residents to utilize their hypothetical central bank electronic currencies (CBDCs), a survey by the Bank of International Settlements (BIS) found. Nearly 20% would consider letting this in a subsequent stage. Some banks would even be open to numerous CBDC arrangements run on a single payment system. Of those 50, 18 economists are in advanced economies and 32 in emerging market and developing economies, while roughly two-thirds are conducting CBDC pilots or experiments.
- Coinbase has hired Christian Sabella, a former deputy director of this US Securities and Exchange Commission (SEC), to help them with all the necessary legal work on capital markets, the exchange’s Chief Legal Officer Paul Grewal explained.
- Users of hardware pocket Ledger are now able to exchange Ethereum (ETH)-established tokens through an integration with the decentralized market ParaSwap. Users might need to set up the dapp and create an account before having the ability to swap, they stated.
- The proprietor of blockchain-based platforms for trading electronic securities and cryptoassets INX Ltd today announced the purchase of this Israel-based interdealer-broker ILS Agents Ltd (ILSB). The purchase enables INX to expand its international institutional reach whilst focusing on lead generation and over-the-counter (OTC) trading, bridging the gap between conventional fund and electronic assets, they said.
- Bakkt Holdings, the digital asset marketplace behind the Bakkt Program, stated it allowed its customers to send BTC, gift cards, and money to anyone, including those not currently utilizing the Bakkt Program.
- A brand new Japanese picture book for children on the topic of cash was printed — also features a segment on crypto. In a press release, the writer the Tokyo-based schooling giant Gakken — stated that the new publication, aimed at high schoolers, is called”Money Encyclopedia” and is now available in bookstores and through e-commerce platforms. All its 30 chapters features multiple-choice format quiz sections, including the chapter on crypto.
- The discussion app operator Line is set to launch a non-fungible token (NFT) marketplace in Japan through its blockchain and crypto-focused subsidiary LVC, reported Cnet Japan. The marketplace is going to be linked to the company’s Line Bitmax Wallet crypto market, which in turn is linked to the Line chat app. The new platform enables users to earn secondary market earnings on the Line blockchain network.