Sequoia Capital, the fund that has supported Apple and Google from the beginning, announced a new $500-600M sub fund focused primarily on crypto (liquid tokens and digital assets)

„While we’ve invested in both equity and tokens over the last five years, many have asked that we take a more active role in managing our tokens, including staking them, providing liquidity, participating in governance and trading through their platforms. Our network of builders at Ethereum, Solana, major DeFi protocols and beyond have urged us to do the same,” according to a company’s blog. „Today, we are doing just that […]

EU to propose legislative framework for a digital euro in ‘early 2023’

The legislative process is timed in lockstep with the European Central Bank’s in-house experiments on virtual currency. The European Commission announced Wednesday it’s planning to propose a bill for a digital euro early next year, according to POLITICO. The bill will serve as the legal foundation for the European Central Bank’s ongoing technical work on the virtual version of a euro banknote or coin. The ECB is currently carrying out in-house experiments with […]

În 2021, un utilizator Revolut a efectuat, în medie, 14 tranzacții cu criptomonede prin intermediul aplicației

Complexitatea portofoliului de token-uri a condus la creșterea de 8 ori a tranzacțiilor cu criptomonede, în 2021 față de 2020, și de 6 ori a valorii totale a sumelor investite. Valoarea medie anuală alocată de un utilizator pentru a cumpăra criptomonede a crescut cu 63% anul trecut față de 2020, în timp ce numărul de clienți Revolut care dețin criptomonede în portofele digitale s-a majorat cu 27%. Una dintre modalități […]

Project Hamilton – MIT experts test technical research for a hypothetical central bank digital currency in the U.S.

The researchers developed two complete sets of computing source code, or “codebases,” for the software systems. One codebase was capable of handling 1.7 million transactions per second, with 99 percent of those transactions finishing in less than a second. Collaboration with Federal Reserve Bank of Boston yields progress in understanding how a digital currency might be developed in the future. In collaboration with a team at the Federal Reserve Bank […]

Cryptocurrency is now mainstream, at least in the U.S. market: Crypto ownership is roughly equal to certificate of deposit ownership

Prepare for the 2022 crypto boom. Cryptocurrency ownership continues to rise, buoying crypto-related brands in the process. But cryptocurrency owners aren’t abandoning their relationships with traditional providers. Instead, they’re working with more. „The share of U.S. adults who report owning cryptocurrency is roughly equal to the share who report owning a certificate of deposit, and not a far cry from the share who report having a brokerage account,” according to […]

Visa says crypto-linked card usage hit $2.5 billion in its first quarter

Visa said during its recent earnings call that customers made $2.5 billion in payments with its crypto-linked cards in its fiscal first quarter of 2022, according to CNBC. That was 70% of the company’s crypto volume for all of fiscal 2021. “To us, this signals that consumers see utility in having a Visa card linked to an account at a crypto platform. There’s value in being able to access that […]

Fireblocks raises $550 million to become the highest valued digital asset infrastructure provider. „The disruption of cryptocurrencies in the financial sector reached the point of no-return and over the next decade every business will become a web 3 business” – says Fireblocks

To date, Fireblocks customers have amassed $45 billion assets under custody on the platform. Additionally, with the launch of Aave Arc, Fireblocks has become the first to enable decentralized finance for institutional players.  Fireblocks, the direct custody platform that supports over 800 major institutions, and powers digital asset and crypto products for today’s largest custodians, fintech, crypto exchanges, lending desks, super apps and asset management firms, has raised $550 million […]

The Digital Gold Rush? Debunking common myths on the criminal use of cryptocurrencies

Europol’s new report Cryptocurrencies: tracing the evolution of criminal finances offers insights into how criminals are using cryptocurrencies today. Based on the latest operational information contributed to Europol, data collected for the EU Serious Organised Crime Threat Assessment (SOCTA) 2021 and open sources, this report debunks the following myths: Myth #1 – Cryptocurrencies have become the payment method of choice for criminals The use of cryptocurrency as part of criminal schemes is […]

The world’s first crypto satellite will become a reality thanks to a Romanian company

„In 2022, we will develop and send a small satellite into orbit. The satellite will be called AETHER and it will be used by other crypto projects that have their own blockchain, to run nodes beyond earth’s atmosphere,” according to the company’s website. „Different blockchains can join our ecosystem and will have the possibility to run satellite nodes. Validators will need to hold a certain number of ATHER tokens and mainnet […]

US banks form consortium for a stablecoin launch

The USDF Consortium™ (the Consortium), an association of FDIC-insured financial institutions, launched with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin (USDF™), which will facilitate the compliant transfer of value on the blockchain, removing friction in the financial system and unlocking the financial opportunities that blockchain and digital transactions can provide to a greater network of users. USDF is a bank-minted alternative […]