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Startup accelerator DeFi Alliance, which has notable mentors including Coinbase, has backed the first Solana-based project — Mercurial Finance.
DeFi Alliance has invested $100,000 in Mercurial and would help bootstrap liquidity of the protocol, Mercurial co-lead Ming Ng told The Block.
Founded earli...
A Nebraska bill that gives companies two paths to compliantly dealing in digital assets has been signed into law.
Governor Pete Ricketts signed the Financial Innovation Act around 5 P.M. last night, according to its sponsor Sen. Michael Flood. The bill passed the state's unicameral chamber last week...
News
26 May 2021
Crypto lender Ledn raises $30 million Series A from investors including Alan Howard and Alexis Ohanian
Canadian cryptocurrency lender Ledn has raised $30 million in a Series A funding round.
The round was led by London-based investment firm Kingsway Capital, with participation from new investors like British billionaire hedge fund manager Alan Howard, Reddit co-founder Alexis Ohanian, Susquehanna Pri...
Iran has temporarily banned the mining of cryptocurrencies, such as bitcoin, until September of this year.
At a cabinet meeting on Wednesday, Iran President Hassan Rouhani said the ban is effective immediately until September 22, as reported by Reuters. The ban comes as Iran faces significant power ...
Crypto exchange Gemini has added the GUSD stablecoin to its interest-earning product called Earn, offering a flat 7.4% annual percentage yield or APY.
The development means Gemini users in all 50 U.S. states, including New York, can deposit GUSD to their Earn accounts and earn interest.
Gemini Earn ...
The total supply of dollar-pegged stablecoins has risen past the $100 billion mark, according to The Block's Data Dashboard.
At the time of writing, the total supply of stablecoins stands at $100.33 billion. Most of that growth has been driven by the two largest stablecoins: Tether's USDT and the Ce...
GameStop has quietly unveiled a new web portal for a non-fungible token (NFT) platform.
"We are building a team" the page declares, stating:
"We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your prof...
News
25 May 2021
Stellar Development Foundation invests $15 million in Latin American crypto startup Airtm
The Stellar Development Foundation (SDF) announced today that its venture arm, the SDF Enterprise Fund, invested $15 million in Airtm, a Mexico-based digital wallet and crypto exchange startup.
That $15 million investment in Airtm is the SDF’s largest investment on record. Looking at the 2021 fisca...
News
25 May 2021
A CBDC rollout would require Congress to give the Fed more authority, says US central bank official
On Tuesday, the Senate Banking Committee held a hearing on oversight of the Federal Reserve, during which the topic of a central bank digital currency played a prominent role.
Vice Chairman for Supervision Randal Quarles testified on behalf of the Fed. "I'm glad to see the Fed moving forward with i...
The government of China's Inner Mongolia region has proposed eight new measures to phase out crypto mining activities.
The Inner Mongolia Development and Reformation Commission (DRC) issued a proposal on Tuesday that outlined eight areas that could be deemed as illegal that relate to crypto mining a...
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