SoFi to Go Public Through SPAC Merger at $8.6B Valuation

May 26, 2020 at 18:30 UTCUpdated May 26, 2020 at 18:39 UTCPolkadot founder Gavin Wood (Credit: Christine Kim for CoinDesk)Polkadot is now live following the launch of its first “chain candidate” (CC1). Announced Tuesday, the genesis block of the blockchain-of-blockchains has been mined, according to a blog post from Web3 Foundation, Polkadot’s lead developer.  “This…

Magic Labs, a wallet infrastructure provider, shared Thursday that it has integrated with Polygon’s AggLayer to provide a network dedicated to chain unification, called Newton. Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs

Ripple, the cryptocurrency-based money transfer and payments network launched in 2012, is working with payments fintech Onafriq to expand remittance capabilities in Africa and across its borders with various Gulf nations, the U.K. and Australia.Three new blockchain-based payments corridors will open between Onafriq users in Africa and customers of PayAngel in the U.K., Pyypl in

Citi Bank used layer 1 Avalanche’s (AVAX) Spruce Subnet to explore the tokenization of private equity funds to re-architect capital markets.Citi worked with traditional finance giants WisdomTree and Wellington Management to carry out its proof-of-concept trial that was issued on Avalanche’s Spruce, according to a press release. Spruce is an Evergreen subnet designed for large

Forta's scam detector service relies on a group of bots that monitor different types of threats in real-time.The service runs across seven Ethereum Virtual Machine (EVM) chains supported by Forta, including Ethereum, Polygon and BNB Chain.The blockchain security firm Forta Network upgraded its scam detector service to include malicious URL data, new types of threats…

The New York State Department of Financial Services (NYDFS) has said it strengthened its guidelines for listing or de-listing cryptocurrencies in a move to beef up protections for crypto investors throughout the state, NYDFS Superintendent Adrienne A. Harris said Wednesday in a statement.The updated guidelines will require crypto companies to submit their coin listing and

news A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was…

Cryptocurrency exchange Bitstamp is getting a new matching engine developed by Cinnober, a global provider of exchange and clearing technology whose clients are mostly traditional stock and commodity markets. Cinnober's TRADExpress Trading System will replace Bitstamp's in-house matching engine, the companies announced Monday. The new system will drastically increase the exchange's capacity to match orders, which is…

Crypto markets were relatively stable in the past 24 hours, with only meme coins posting significant gains.Bitcoin (BTC) gained just over 1%, ether (ETH) lost 0.5%, while BNB Chain’s BNB and Solana’s SOL dropped as much as 3% in 24 hours, CoinGecko data shows.Crypto markets were little changed over the past 24 hours with only