PayPal Joins $4.2M Round for Crypto Banking Compliance Startup

Jul 15, 2020 at 10:31 UTC(Marian Weyo/Shutterstock)Evertas, an insurance provider focused on the cryptocurrency space, has raised $2.8 million in a seed round led by Morgan Creek. Plug n Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis also participated.  Mark Yusko, founder, CEO and chief investment officer of Morgan Creek Capital, has joined Evertas’ board…

As is the case with NFT users from other chains, the average Bitcoin Ordinals collector will likely trade off security for convenience, and thus gravitate to option two: the worst option, and in my opinion, one we ought to actively discourage, as it undermines the central Bitcoin value of self-custody.

news Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s nearing wide adoption by its member banks.  UBS confirmed it went live on we.trade at the beginning of October, facilitating services to small and mid-sized enterprises (SMEs). A spokesperson told CoinDesk:   “We’re reaching out to clients on a…

May 13, 2020 at 08:27 UTCCredit: Shutterstock/RawpixelAgtech startup Agri10x is planning to better connect small-scale farmers to global buyers by using blockchain to cut out the middleman.As cited in local news source Business Standard, the company announced Tuesday it had entered into a partnership with the Indian government to help remote farmers sell their produce…

Apr 14, 2020 at 23:01 UTCMulticoin Capital principal Mable Jiang. (Credit: BlockBeats/Odaily)Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi CapitalOne of China’s largest decentralized finance (DeFi) platforms has raised fresh capital for expanding its product lineup.Announced Tuesday, the dForce Foundation has completed a $1.5 million seed round led by Multicoin Capital and joined by…

Payments services provider PayPal's dollar-backed stablecoin PYUSD's use in decentralized finance (DeFi) seems to be gathering traction.A recently launched liquidity pool comprising PYUSD on the automated market maker (AMM) platform, Curve, boasts $135 million in total value locked (TVL), the third largest behind the popular 3pool.In addition to PYUSD, issued by regulated company Paxos, the

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Modular blockchain Astria has raised $5.5 million in seed funding to develop its shared sequencer network.The…

The National Research Council of Canada is using IPFS to host an ethereum blockchain explorer that can't be taken offline.

Decentralized orderbook exchange Bluefin’s upgraded version called “v2” went live on the Sui network, the company Tuesday said in a press release.The platform’s new iteration adds features such as sub-second, optimistic trades, spot and cross-margin capabilities and a privacy function to trade without a crypto wallet.The first version of the platform – Bluefin v1, which