Decentralized Payment Network Logos Raises $3 Million in Seed Funding

The Ethereum blockchain validator queue has emptied for the first time since the Shanghai upgrade in May, a signal investor demand for ether (ETH) staking is leveling off, Coinbase (COIN) said in a research report Friday.Validators verify transactions by locking up ether in exchange for rewards. The blockchain’s Shanghai upgrade allowed for the withdrawal of

Bitcoin (BTC) rose to key price resistance early Tuesday as Hong Kong said retail investors could trade digital assets from June 1.Hong Kong's Securities and Futures Commission (SFC) announced that it would accept applications from exchanges to offer crypto trading to retail investors from June 1, adding that approved tokens need a 12-month track record…

Swiss bank UBS' wealthy clients can now take exposure to three crypto exchange-traded funds (ETFs) through the lender's Hong Kong platform, according to a Bloomberg report citing a person familiar with the matter.The three crypto ETFs, Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs, are all authorized by Hong Kong's securities regulator, the Securities and

Element Finance, a decentralized finance (DeFi) fixed rate protocol, closed a $32 million Series A funding round at a $320 million valuation, the DeFi project announced on Tuesday.Polychain Capital led the round. Previous investors Andreessen Horowitz (a16z), Placeholder, A_Capital, and Scalar Capital participated in the round, which also included new investors Republic, Advanced Blockchain, P2P…

markets View Bitcoin’s price volatility, as represented by the daily trading range, jumped to a 17-month high on Wednesday. The cryptocurrency has dropped from $13,880 to $11,200 in the last 15 hours and could slide further to $10,000, according to the bearish setup on the hourly chart. A possible falling channel breakout on the hourly…

news China’s cryptocurrency czar believes that while the world powers do not welcome Facebook’s Libra, the stablecoin’s advance might now be unstoppable. A few days before Changchuan Mu, the new director of China’s Research Institute on Digital Currency, officially assumed his role on Sept. 6, an online education platform released six lectures by the crypto…

news Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook’s planned cryptocurrency Thursday. Representatives Emanuel Cleaver, II (D-MO), Trey Hollingsworth (R-IN), Bill Foster (D-IL) and French Hill (R-AR) held a briefing with members of the House Financial Services Committee, discussing the Libra project with Blanco, who…

A crypto-friendly SEC and Senate Banking Committee are expected following the U.S. election, the report said. Bernstein said faster progress is now expected for both stablecoin and market structure bills. The broker said it expects a rerating of wider crypto assets. 02:28 Trump Pumps DeFi Token Sale; Bitcoin Price Jumps Above $65K 02:01 Trump-Endorsed Crypto

Jul 7, 2020 at 11:01 UTCUpdated Jul 7, 2020 at 11:04 UTCBinance CEO Changpeng Zhao. (CoinDesk archives) Exchange goliath Binance has acquired crypto wallet app Swipe.io that allows users to purchase items via a Visa debit card. Swipe users can purchase cryptocurrencies from within the app and the debit cards automatically convert stored cryptocurrency into…