Crypto Biz: Solana’s rise, BlackRock’s growing BTC exposure, and more

The Israel-based firm raised capital for the first time since 2018, after failing to go public in 2022 through a SPAC merger. 1243 Total views 5 Total shares Own this piece of history Collect this article as an NFTTrading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced…

Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. 3996 Total views 6 Total shares The Swedish government is progressing with its central bank digital currency, or CBDC, by launching a formal review of a potential transition to the digital currency.According to a Dec. 11 Bloomberg report, the review…

A payments and cryptocurrency platform offering a Visa card that can be used anywhere has unveiled a range of cashback benefits designed to attract modern consumers and frequent travelers.Crypto.com says it now offers free Netflix and Spotify subscriptions to its MCO Visa Card holders. Users who pay for their subscription with the MCO Visa Card…

Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies. 92 Total views 2 Total shares Coinbase’s professional trading platform Coinbase Pro will cease to exist as the cryptocurrency exchange is restructuring services to bring them all into one platform.The United States-based crypto trading firm Coinbase officially announced…

In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold.Bitcoin was down 10% over the quarter but still outperformed the S&P 500 which experienced a 19% drop. According to the report, the correlation was fairly high…

Financial product comparison website Finder.com has released its latest crypto report, where it evaluated adoption trends across 27 countries in Europe, Asia and the Americas. 384 Total views 5 Total shares Emerging economies like Vietnam, India and Indonesia are leading the charge when it comes to cryptocurrency adoption, underscoring important use cases for digital assets…

Crypto derivatives platform Deribit launched a new external custody solution designed to reduce auto-deleveraging risks amid tumultuous markets. 3302 Total views 41 Total shares Crypto derivatives platform Deribit is launching a new external custody solution designed to help with faster collateral transfers and reduce auto-deleveraging risks in tumultuous markets. On May 14, the Panama-based exchange announced…

Investors piled into stablecoins following FTX’s collapse, and an uptick in DEX activity suggests a rising interest in self-custody options. 373 Total views 6 Total shares On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one…