Top investment deals across the crypto sector over the last week (Oct. 29–Nov. 4, 2022): Fireblocks-powered crypto custodian RakkaR Digital raises $10 million RakkaR Digital, a Singapore-based crypto custodian that uses technology from Fireblocks, has raised $10 million in a seed funding round. The round was backed by a single investor — SCB 10X —…
Top investment deals across the crypto sector over the last week (Oct. 22–28, 2022): MakerDAO plans to move 1.1 billion USDC into Coinbase custody MakerDAO, the issuer of DAI stablecoin, is reportedly moving forward with a proposal to onboard an account to Coinbase prime and transfer about $1.1 billion (33% of its USDC) into custody….
Crypto exchange Binance has confirmed its role as an equity investor in Elon Musk’s acquisition of Twitter. The exchange also told Decrypt it is creating an internal team to help Twitter fight bot accounts using blockchain and crypto technology. The world’s largest crypto exchange revealed it has invested $500 million as one of the equity…
Top investment deals across the crypto sector over the last week (Oct. 15–21, 2022): BofA survey: Younger investors are 7.5 times more likely to hold crypto in their portfolios Bank of America’s survey of wealthy Americans revealed that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged…
Tesla’s Bitcoin holdings remain unchanged from Q2 2022, or about $218 million worth, the documents released by the car manufacturer say ahead of its Q3 investor relations call. Despite the crypto bear market, Tesla remains one of the largest Bitcoin corporate holders. As Tesla reported to the public on Oct. 19, the company says it…
Experts weigh in on the future of crypto as currency ahead of CoinDesk’s I.D.E.A.S. conference. Since 2009, when Bitcoin was quietly launched by its creator, the technology spurred thousands of digital money projects, creating a vibrant and lucrative landscape for investors. Investors now come in all sorts of flavors. What once was a small group…