Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets. TL;DR Trace Finance raised $32 million in a Series A led by CoinFund. The company is building regulated infrastructure that connects local bank rails with stablecoin settlement.…
Bill Barhydt, the CEO and inventor of the well-known cryptocurrency wallet service Abra, outlined why he believes Ethereum is a much better investment than Bitcoin. He has also set a price prediction of $40k for ETH, indicating his confidence in its future development. He also noted that Ethereum is utilized for a variety of reasons,…
Another day heralds more doom and gloom for the majority of cryptocurrencies, including the top ones. Markets have been hammered over 15% on the day losing in excess of $20 billion since yesterday but not all digital currencies are suffering the same level of pain. A Case For Stellar Lumens Both Ethereum and Bitcoin Cash…
It is clear to see that momentum in the crypto industry is all coming from China at the moment. While the US is still fumbling with regulatory uncertainty, the red dragon is forging ahead with its own crypto and blockchain plans for a digital future. Get Into Crypto or Lose Out The US is in…
Ethereum is once again at a pivotal technical crossroads, where long-term support, shifting momentum, and trader positioning are converging to define the asset’s next short-term directional move. Based on analysis of ETH price action over the past six months, Ethereum is stabilizing near a critical support level that continues to attract strong market interest. As…
Square has had a busy weekend. The company made headlines for it’s purchase of Australia-based fintech firm, Afterpay, in an all-stock deal. Square then went on to release it’s Q2 2021 Shareholder Letter, filled to the brim with company insights – including some strong growth numbers in crypto transactions on Square’s mobile product, Cash App. Breaking…
Boston, Massachusetts-based, $6.9 trillion asset manager and financial services company, Fidelity Investments, is close to entering the cryptocurrency space, with an announcement from the firm expected “by the end of the year,” if recent comments from Fidelity’s CEO holds true. Fidelity Investments CEO Reveals Work on Crypto Products, Announcement Coming While speaking during last week’s…
Crypto Pundit, Dushyant Shahrawat has suggested that the decline in the global financial technology companies may result in a delay in the highly anticipated Ripple IPO. FinTech Challenges May Push Back Ripple IPO Timeline An XRP community member, Crypto Eri has shared details about Ripple IPO’s timeline in a post on X (formerly Twitter). The…
Crypto’s weakest link? It might be your own team. The CoinDCX insider theft highlights a growing threat that can’t be patched with firewalls. A major Indian crypto exchange faces internal sabotage The crypto world is no stranger to hacks — but this time, the enemy came from within. CoinDCX, one of India’s largest crypto exchanges,…
Economic hardship, whether driven by trade wars or political divisions, usually drives investors into safe haven assets. It has been the case for gold and Bitcoin this year as currencies get crushed and recession fears loom. Britain’s Brexit woes may spell short term doom for the fintech industry but it is likely to have the…