Draper Dragon Backs $20 Million Raise for Alibaba Vets’ Blockchain Startup

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Artificial intelligence-focused crypto protocol Fetch.ai has raised $40 million from market maker and investment firm DWF…

news Liquid, a Japan-based cryptocurrency exchange that ran a sale of Telegram’s yet-to-be-minted crypto tokens in July, has disclosed the wallet address where the funds will rest until the tokens are released. The wallet, revealed by the exchange in an Aug. 30 announcement, contains $4,123,116.76 worth of the USDC stablecoin, according to Etherscan. The token…

TerraClassicUSD (USTC) gained 300% in a week as plans of a bitcoin-backed revamp plan and a Binance perpetual contract listing unleashed a speculative frenzy.USTC and LUNC underpin the Terra ecosystem, which collapsed last May.TerraClassicUSD (USTC) and its sister token Terra luna classic (LUNC) – remnants of the blown-up Terra blockchain – skyrocketed this week, fueled

markets Bitcoin’s price topped €10,000 on Tuesday, hitting its highest level (in euro-denominated terms) in 17 months. The cryptocurrency rose to €10,024 at 13:10 UTC today – a level last seen on Jan. 21, 2018 – according to CoinDesk’s Bitcoin Price Index, as prices refreshed 15-month highs in US dollar terms with a move above…

news The International Monetary Fund (IMF) and the World Bank have launched a crypto token called “Learning Coin” to better understand how blockchain technology works. The two institutions said that the coin would have no monetary value and would not be made openly available, the Financial Times reported Saturday. To support the token, the IMF and the…

The decentralized finance (DeFi) sector has endured a troubling month due to plummeting transaction volume and a series of hacks and exploits.On Sunday, the entire DeFi market racked up just $1.12 billion in transactional volume, marking the lowest daily total since January 1, according to DefiLlama.Total value locked (TVL), which measures the amount of capital…

news Facebook announced Tuesday that its highly anticipated cryptocurrency, Libra, will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. Twenty-eight node-running members are currently on board. The Libra blockchain will go live in 2020, with the Libra Association – a Switzerland-based non-profit – tasked with leading the cryptocurrency’s…

Digital asset exchange platform Crypto.com has secured registration as a virtual asset service provider (VASP) with the central bank of Spain, the company announced on Friday.The registration, approved after what the company said was a "comprehensive review of its compliance with Anti-Money Laundering Directive (AMLD) and other financial crimes laws," will allow Crypto.com to offer…

feature The rise of new stablecoins was a defining story in the second half of 2018, but the reality is that exclusive discounts partly fueled their growth. Dollar-backed stablecoins are generally supposed to be worth $1, whether it’s Gemini’s GUSD or Paxos’ PAX. But according to four sources with knowledge of these cryptocurrency exchanges, both stablecoin-issuers…