DLT Platform Hedera Hashgraph Raises $100 Million

Although MakerDAO’s dai (DAI) might be the most successful decentralized stablecoin, last year founder Rune Christensen worried the project was teetering on the edge of collapse. So he set about coming up with a rescue plan.Christensen’s proposal, now known as Endgame, is a massive expansion of the Maker project, which would see the release of

As stablecoins gain traction, Netherlands-based fintech firm Quantoz aims to take a slice of the European market. The company will issue the regulatory-compliant stablecoins pegged to the euro (EURQ) and U.S. dollar (USDQ) on the Ethereum blockchain. The tokens are fully backed by fiat reserves and highly-liquid financial instruments like government bonds, the firm said

Signature Bank added $10 billion in deposits in the third quarter, which included “notable contributions” from its digital assets service.Deposits for the New York-based bank grew to a total of $95.57 billion, the company announced Tuesday.Signature did not specifically report how much of the growth was due to digital asset deposits, but described the “notable…

Jan 14, 2020 at 00:13 UTCThe Massachusetts shilling, c. 1667 – 1682 (via the Metropolitan Museum of Art). WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S.…

Jul 14, 2020 at 12:44 UTCUpdated Jul 14, 2020 at 13:14 UTCVitalik Buterin attends a recording of Laura Shin's Unchained Podcast. (Credit: Christine Kim for CoinDesk)Five Years On, Ethereum Really Is the ‘Minecraft of Crypto-Finance’Camila Russo is the founder of The Defiant and author of “The Infinite Machine,” the first book on the history of…

Investment behemoth Pimco, which has over $2.2 trillion in assets under management, has dabbled in cryptocurrencies and plans to invest further, according to Chief Investment Officer Daniel Ivascyn.Ivascyn told CNBC on Wednesday that some of the fixed-income focused firm’s hedge-fund portfolios are already trading crypto-linked securities, which he described as a “starting point.”“We’re trading from…

Evertas and Nayms use a public blockchain to help coordinate between brokers, insurers and the insured. The partnership allows customers to pay in USDC or native crypto, or to place policies completely on-chain. 05:07 Could Chainlink Be the Driver for DeFi’s Growth? Bank of America Thinks So 07:12 Should Government Be in the Business of

Curve Finance founder Michael Egorov's on-chain debts to several lending platforms stand at roughly $80 million despite his frantic efforts this week to raise funds that could stave off a liquidation crisis.Egorov raised at least $28.8 million by dumping 72 million CRV tokens at $0.40 cents a piece through over-the-counter (OTC) sales, according to on-chain…

Former FTX executive Ryan Salame is arguing in a court filing that the government is not keeping its part of a deal. The deal involved ceasing an investigation into possible campaign finance violations by Michelle Bond, Salame's domestic partner. Attorneys for Ryan Salame, the former FTX executive sentenced to 7.5 years in prison, are asking