Ex-Meta employees have secured a $200 million funding round from crypto VC giants to develop their own version of the notorious crypto project Diem. Recently, Meta (formerly Facebook) abandoned its grand plans to create a digital currency and sold the remaining assets to Silvergate Capital for $182 million. The deal showcased how Meta is left…

An advisory group of the Arab Monetary Fund has listed RippleNet as a direct alternative to SWIFT in its guide for Arab central banks. The Arab Regional Fintech Working Group has recently released a “Practical Guide” for Arab central banks looking to understand the nuances of the burgeoning digital assets market. The working group advised…

Gauntlet, a DeFi financial-risk modeling platform for crypto lending, raised a new round of funding that pushed its valuation to $1 billion. The company plans to use the capital injection to scale the platform to operate on multiple networks and expand into new areas such as gaming. On March 14, Gauntlet said that it had…