Tether expands into oil trading with $45M transaction

Will this new funding round pave the way for OpenSea to become the Amazon of NFTs? 1251 Total views 7 Total shares OpenSea, one of the largest digital collectible marketplaces, has secured backing from venture capital firm Andreessen Horowitz, or a16z, and others in a new funding round.According to Andreessen Horowitz, the firm is leading…

The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8.AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound…

Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3.Founded in 2014 in New York by Tyler and Cameron Winklevoss, Gemini is now the 50th largest digital currency exchange by 24 hour adjusted trade volume,…

Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects.As a crypto-native trading firm, meaning digital assets have…

Brian Armstrong has previously suggested Coinbase might abandon the U.S. for a more crypto-friendly country, but also said the exchange was “100% committed” to the local market. 99 Total views 1 Total shares Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid…

Bitcoin (BTC) is not about to bottom at just below $17,000, warns a new analysis as bid liquidity dries up.In social media posts after Christmas, on-chain analytics resource Material Indicators flagged waning interest in protecting the current BTC price range.Binance order book leaves “not much to be excited about”With volatility still largely absent from Bitcoin…

As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike. It is soon to be decided whether the coming regulation triggered by FTX’s bankruptcy will bring a silver lining to crypto.The Chamber of Deputies of Brazil, the lower…

Anchorage and Tokensoft have launched wFIL, a wrapping protocol allowing Filecoin to be used on Ethereum. 922 Total views 11 Total shares Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum.The firms announced wFIL on Nov. 23, promoting its…

In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets. The total value locked (TVL) in the DeFi sector across all chains has grown from $18 billion at the beginning of 2021…