The funds include $380 million for early-stage investments and a $200 million dollar “opportunity fund.” Venture capital group Blockchain Capital announced the closing of two new funds, totalling $580 million, for investment in infrastructure, gaming, DeFi and consumer/social technologies. The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,”...Continue Reading

Three candidates from both the Democratic and Republican parties have taken anti-CBDC positions as part of their 2024 presidential run. Tom Emmer, majority whip of the United States House of Representatives and crypto proponent, says that digital assets have become a “sleeper issue” in U.S. politics, both at the state and federal levels. Speaking to...Continue Reading

The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies. The U.S. Federal Reserve made a significant announcement on Sept. 14, revealing accumulated losses of $100 billion in 2023. What’s more, this situation is expected to worsen for the Fed, according...Continue Reading

The SEC claims Binance has been uncooperative despite the crypto exchange agreeing to a consent order on discovery in the regulator’s case against it. Binance CEO Changpeng Zhao played it cool in the hours leading up to the hearing in District of Columbia District Court on Sept. 18, posting a picture of branded merchandise with...Continue Reading

Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. The partnership, announced on Sept. 18, will shore up Localcoin’s crypto ATM offerings throughout Canada...Continue Reading

The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots. Citigroup has introduced Citi Token Services, a private, permissioned blockchain that offers cross-border payments, liquidity and automated trade finance solutions to institutional clients. The new services “will integrate tokenized deposits and smart contracts into Citi’s global network,” according to...Continue Reading

The legal struggle between the SEC and Binance.US continues, with the company hitting new lows in trading volume. The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has...Continue Reading

The securities regulator claims that “Ceffu” is a Binance entity and not merely a digital asset wallet provider. In its latest filing regarding its motion to compel against BAM, the holding company for Binance.US, the United States Securities and Exchange Commission (SEC) has claimed that wallet provider Ceffu is indeed “Binance-related.” This is in contradiction to...Continue Reading

Crypto investment products have seen over $450 million in cumulative outflows over the past nine weeks. Outflows from crypto exchange-traded products (ETPs) reached $455 million over the previous nine weeks, according to a report from asset manager CoinShares. Outflows from ETPs generally indicate negative sentiment toward cryptocurrencies. Let’s analyse the latest dynamics in digital asset...Continue Reading

Bitcoin and select altcoins are attempting to make a comeback as traders expect the Fed to hold rates steady during their meeting this week. The failure of the bears to sink Bitcoin’s (BTC) price below $25,000-support ignited buying interest last week. The positive momentum picked up further at the start of the new week and...Continue Reading