Handshake Revealed: VCs Back Plan to Give Away $100 Million in Crypto

news Terra, the stablecoin and payments network creator initiated by a coalition of Asian e-commerce giants, has received an investment from Hong Kong’s HashKey Capital, according to a press release. The investment was not in the form of equity but via the purchase of Terra’s Luna, a mining token which trades on Bittrex and Bitrue…

Figure Markets combines alternative trading system capabilities with cross-collateralization of crypto and traditional assets.MPC wallets matched with a goal of delivering a fully on-chain order book meet CEO Mike Cagney’s definition of a decentralized exchange.Figure is using about $100 million from its balance sheet as a catalyst to drive borrowing and lending.01:01Bitcoin Cash Hit Highest

Source: CoinDesk Bitcoin Price IndexMarket Wrap: $10,000 Remains Bitcoin’s Price to BeatIt was $10,000 or bust as bitcoin traded unremarkably for much of Monday.   Bitcoin (BTC) was trading around $9,706 as of 20:00 UTC (4 p.m. ET), slipping by less than a percent over the previous 24 hours.  At 00:00 UTC on Monday (8:00 p.m.…

Crypto exchange WOO Network closed a $30 million Series A round of funding from various investors, including Singapore-based Three Arrows Capital, according to a press release shared with CoinDesk.The round was oversubscribed by 200%, the press release said.WOO Network describes itself as a “deep liquidity network” and aims to provide “best-in-class liquidity” and connect traders,…

news More than 40 central banks worldwide are experimenting with blockchain technology, says a new report by the World Economic Forum. Published Wednesday, the report analyzes how different central banks are either examining what blockchain can be used for or are outright experimenting with central bank digital currencies (CBDCs). “It’s very much the case that…

news BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million in its latest round this year. The New York-based firm announced Wednesday that the funds have been raised in convertible debt investments in a round led by Akuna Capital, with participation from Mike Novogratz’s Galaxy Digital Ventures, Anthony Pompliano’s…

Paris, FRANCE — With more than double the attendees compared to last year’s event, over 250 side events and pretty much every event and side event oversubscribed, the mood at last week’s EthCC was elated, leaving attendees at the Ethereum-focused conference to wonder whether the worst of the bear market is in the past.The breezy…

At first, Balaji Srinivasan held his tongue about the coronavirus. Years before he became an angel investor and intellectual firebrand of the cryptocurrency community, Srinivasan had co-founded a genetic testing company that was eventually sold for $375 million. He had also written papers on microbial and clinical genomics and taught bioinformatics at Stanford. So even though…

Bitcoin (BTC) has risen 2.8% over 24 hours, trading above $66,500, and ether (ETH) has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had