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Bolt to purchase crypto startup Wyre for $1.5B

Payments FinTech Bolt Financial is buying crypto startup Wyre Payments in a dealt worth around $1.5 billion. The companies said in a news release issued on April 7, "By joining forces, Bolt and Wyre will build commerce solutions for mainstream, secure cryptocurrency usage for millions of shoppers, retailers, and

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Yellen says U.S. crypto rules should support innovation

U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the direction of a recent White House executive order which was well-received by the crypto market. In her speech on digital assets policy, Yellen said that in a lot

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Coinbase starts crypto trading services in India

Coinbase has now opened up its trading services for users in India, the company confirmed on Thursday. This information was made public at an event in Bengaluru, India's tech hub. Coinbase is the world's second-largest exchange by trade volume. Brian Armstrong, co-founder and CEO of Coinbase stated that his company

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Meta plans virtual currency, creator coins for its apps

Meta Platforms Inc is planning on introducing virtual tokens and cryptocurrencies to its family of apps. The aim is to use such virtual tokens for rewarding creators as well as lending and other financial services. The plans are reported to still be in its early stages and come as Meta

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JPMorgan CEO - DeFi and Blockchain "are real"

Investment bank JPMorgan says that decentralized finance (DeFi) and blockchain technology will bring major growth potential to the economy. The Wall Street investment bank is determined to remain "at the forefront of this innovation", wrote CEO Jamie Dimon to the bank's shareholders. "Decentralized finance and blockchain are real, new technologies

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StrongBlock - Leading the Nodes-as-a-Service Space

* StrongBlock [https://t.co/OxpQWSpiRl] is the pioneer that first offered Nodes-as-a-Service (NaaS). * The DeFi-project is almost done building their own layer 1 blockchain [https://vestorportal.com/what-is-a-layer-1-blockchain/]. * A new token called $STRNGR was minted and will co-exist with $STRONG. Nodes-as-a-Service Nodes-as-a-Service [https://vestorportal.com/what-is-nodes-as-a-service/] projects allow investors to

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Luna Foundation Guard adds nearly $230M of Bitcoin to holdings

Luna Foundation Guard (LFG), which is a non-profit organization created to build reserves that will support Terra's dollar-pegged stablecoin UST, came back to the crypto market and bought Bitcoin worth around $230 million on April 6. The LFG currently holds 35,768 BTC valued at more than $1.5 billion

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Binance's U.S. unit valued at $4.5B in seed funding round

April 6 (Reuters) - Crypto exchange Binance's U.S. unit said on Wednesday it had raised over $200 million in a seed funding round, at a pre-money valuation of $4.5 billion. The company said RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures were among the investors in

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Near Protocol raises $350M in second nine-figure raise this year

On April 6, Near Protocol said it raised $350 million in another funding round led by hedge fund Tiger Global. This raise comes less than three months after Near announced a $150 million funding round. According to Near Protocol the funds will be used to 'accelerate the decentralization of the

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Sky Mavis raises $150M led by Binance, funds to be restored on the Ronin bridge

* On April 6 Axie Infinity announced a $150 million funding round led by Binance, with participation from Animoca Brands, a16z, Dialectic, and Paradigm. * The round combined with Sky Mavis balance sheet funds will be used to ensure that all users affected by the Ronin Validator Hack [https://vestorportal.com/ronin-network-suffered-one-of-the-biggest-hacks/

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Lightning Labs raises $70M to bring stablecoins to Bitcoin

Bitcoin software firm Lightning Labs has secured another large funding round. The $70 million Series B funding round will enable Lightning Labs to further work on the Lightning Network in order to achieve faster, cheaper Bitcoin and stablecoin transactions. The funding round was led by Valor Equity Partners, with participation

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Treasury's Yellen to deliver first speech on Crypto in U.S. Economy

U.S. Treasury Secretary Janet Yellen will share her opinion on the crypto industry in her first official speech regarding this topic. Yellen will talk about the views the Treasury Department has on cryptocurrencies, since they are an emerging part of the U.S. economy, on Thursday at the American

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Venture capital firms backed by Will Smith, Paris Hilton invest in blockchain network Boba

The Boba Network is an Ethereum blockchain scaling platform and has just raised $45 million in its series A round. Investors in this series include Will Smith-led Dreamers VC, Paris Hilton and husband Carter Reum's M13 and cryptocurrency exchange Crypto.com. The funding round gives the Boba Network a valuation

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The 10 richest crypto and blockchain billionaires 2022

While in 2021 there were 'only' 12 official crypto billionaires, the 2022 list of crypto billionaires grew to 19 - 7 more. Newcomers to the Forbes' annual World's Billionaires list, published Tuesday, include the founders of Web3 infrastructure company Alchemy and the founders of OpenSea, a NFT-marketplace. The three richest

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Wild Ride for WAVES and USDN - What happened?

On March 31 WAVES reached a new all-time-high of $62.36. Three days prior to reaching a new all-time-high WAVES was trading for just under $32. But within the next 24 hours the price has headed back down to around $36 again. At the same time, the Waves-based stablecoin USD

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German authorities seize Bitcoins worth more than €23 million

* German authorities have shut down the 'Hydra Market'. * Bitcoins worth more than €23 million were seized * The marketplace was the biggest illegal marketplace operating within the darknet, according to German authorities. * Drugs, stolen data, or fake documents could all be bought on the 'Hydra Market'. German authorities have shut down

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Almost half of crypto owners first bought digital assets in 2021

* New survey by the cryptocurrency exchange Gemini * Survey of nearly 30,000 people across 20 countries * Brazil and Indonesia lead world in crypto adoption According to a survey conducted by U.S. cryptocurrency exchange Gemini, almost 50% of all cryptocurrency holders in the U.S., Latin America, and Asia purchased