Fidelity Digital Assets to Sign Up Its First Crypto Exchange by End of the Year

news Ethereum classic developers are speeding up plans to test a proposed upgrade for the blockchain network. The move to ramp up the timeline came during a developer call on Thursday, during which ecosystem stakeholders expressed a desire to see the system-wide upgrade — dubbed “Atlantis” — occur sometime later this summer. But rather than…

Brandy covers crypto-related venture capital deals for CoinDesk. OpenTrade, provider of on-chain structured financial products for Web3 treasuries and businesses, has raised just over $1.5 million in a funding round led by crypto-native venture capital firm Sino Global Capital.Other backers in the funding round included Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier…

NEWS Bitcoin is looking oversold after a drop to 13-month lows Wednesday and could defend immediate support at $5,000 in the next few days. The world’s top cryptocurrency by market value fell to $5,324 (price via Bitstamp) in a matter of hours yesterday, reaching its lowest level since Oct. 18. The average price across major…

Scroll, a layer 2 scaling solution to the Ethereum blockchain, appears to have launched its main network, according to blockchain data.Led by co-founder Sandy Peng, Scroll has been building a so-called ZK rollup – a layer-2 network built using zero-knowledge cryptography – that is compatible with the Ethereum Virtual Machine computing environment, or EVM. The

The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America (BAC) said in a research report on Thursday.“Over the longer term, we expect PYUSD to experience additional adoption headwinds as…

news Mastercard is to demo a new blockchain-based product tracking solution during an upcoming showcase of women fashion designers. The payments giant announced on Friday that it will support “limited-edition collaborations” highlighting female designers and artists in partnership with Fred Segal Sunset and MADE. The first collection from the initiative will feature a demonstration of Mastercard’s blockchain tracking platform…

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news The South Korean agency charged with military acquisitions has launched a blockchain pilot project aimed to improve business operations in the defense sector. The Defense Acquisition Program Administration (DAPA) announced Wednesday that the effort would involve building a blockchain platform to, among other benefits, prevent “illegal alteration” of defense business data. Working with DAPA on the…

feature “What happens when you need an MRI?” Someone answers for me: “You die an excruciating death… Actually, they remove them painfully quickly or the machine does.” I’m sure these paranoid, exaggerated remarks didn’t help as I sat down at the folding table in front of a large man with a 14-gauge needle. I was…