Polychain leads $6.7M investment in new Bitcoin-centric yield network Corn

The price of Bitcoin (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%.The daily chart of Bitcoin. Source: TradingView.comThree factors likely contributed to the abrupt drop of Bitcoin include miners, a strong dollar…

Bixin Global, a Hong Kong-based cryptocurrency firm, launched a fund of funds with 6,600 BTC, worth over $65 million to increase its Bitcoin holdings. Bixin Global, a Hong Kong-based cryptocurrency firm, has launched a fund of funds (FOF) financed with 6,600 Bitcoin (BTC), worth over $65 million as of press time.Main goal: increase Bitcoin holdingsAccording…

Bitcoin’s (BTC) rally has been taking a breather for the past few days but its strong rally in 2023 has not gone unnoticed. A survey of United States financial services companies by crypto firm Paxos showed that 99% of the firms were putting as much or more focus on crypto projects this year as compared

Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round.Per an Oct. 10 announcement, it was Iconloop’s first venture capital investment since its establishment in 2016, with the participation of companies such as Korea Technology Finance Corporation (KOTEC) and T.S. Investment,…

Argentina’s largest bank has embraced crypto and will allow its customers to begin purchasing four crypto assets including Bitcoin through their accounts at the bank. 348 Total views 50 Total shares Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases.Bloomberg reported on May…

Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, according to investment analysts.Credit rating firm Moody’s released a note on Coinbase on Jan. 19 discussing its downgrade of the company’s senior debt and corporate family rating…

Crypto lending platform Celsius Network has listed startup Saga’s SGA stabilized asset, unlocking the potential for token holders to earn interest.  “Saga has partnered with leading cryptocurrency interest income platform, Celsius Network,” Saga founder Ido Sadeh Man told Cointelegraph.The collaboration and listing means “users can both preserve their assets’ value with SGA’s proven stabilization mechanism (the…

The Monetary Authority of Singapore (MAS) has prevented a local initial coin offering (ICO) from launching a security token offering (STO) in the country. The development was detailed in an announcement published Thursday, Jan. 24.Under the current rules, all STOs have to comply with Singapore’s securities laws and are obliged to register with the MAS.…

The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to be…