BlockFi’s high-yield crypto savings accounts are facing increased pressure from regulators in the U.S., and now the Securities and Exchange Commission is also investigating the firm, according to Bloomberg. The New Jersey-based crypto company lets users lend and borrow a wide variety of cryptocurrencies, like Bitcoin and Ethereum, as well as stablecoins, such as USD Coin and Tether. What’s more,…
Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market. The interest rate for each NFT mortgage ranges from 1.5% to 3.1% on properties in four U.S. states, the company disclosed Wednesday. That’s the interest rate borrowers pay after minting their mortgage…
Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone. The $200 million financing round saw participation from several new investors, including Marshall Wace, Third Point and Think Investments, who contributed alongside existing investors such as…
Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin…
In brief Consensys began as an Ethereum incubator in Brooklyn. Its flagship products are a wallet and infrastructure hub. The company says its priorities after a new $200M funding round are hiring and marketing. Ethereum software incubator ConsenSys announced on Wednesday that it has raised $200 million from Coinbase Ventures, HSBC, and a host of other investors. The funding round,…
Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market. Portal currently offers fully decentralized on-chain spot and options trading, as well as peer-to-peer lending and borrowing. This partnership is expected to expand these user capabilities through the enablement…
In brief MetaMask had 5 million users in April. It’s reporting 21 million today, thanks to growth in DeFi, NFTs, DAOs, and gaming. ConsenSys has recently weathered bad press over reported disputes among shareholders in the Ethereum software company. But numbers shared today as part of a fundraising announcement make clear: people are using its products. (Case in point, and…
Staples Center, one of the most iconic and globally recognized sports and entertainment arenas in the world, is changing its name to Crypto.com Arena. Crypto.com has also become an official cryptocurrency platform partner of the Los Angeles Lakers and the LA Kings. Staples Center’s New Name Is Crypto.com Arena AEG, the owner of Staples Center, and Crypto.com “have launched a…
Staples Center will now be known as Crypto.com Arena after an agreement with its owner, AEG. Staples Center is a multi-purpose arena that has been home to numerous public events including boxing and basketball competitions, as well as concerts and hockey. It’s also been the home of the NBA’s Los Angeles Clippers and Los Angeles Lakers, as well as the…
press release PRESS RELEASE. EURST will be listed on fmfw.io starting November 17th. The Euro representative digital coin you can purchase with FMFW.io with BTC and ETH pairs. Introduction to EURST Stablecoins, which have arisen due to the digital world’s development, are secured with assets, thus minimizing its price volatility. Simone Mazzuca took another initiative and created EURST, a currency…
