Over $ 800 Million In New Investments, Crypto.com Enters NBA + More News

Source: Crypto.com

Get your daily digest of crypto-asset and blockchain news – investigating the stories that slip under the radar of today’s crypto news.

Investment news

  • Investment management companies Invesco and Digital galaxy jointly filed a registration statement for an exchange-traded fund (ETF) physically backed by bitcoin (BTC), while the investment advisory firm Amplify filed for decentralized finance (DeFi) and crypto ETF. The Amplify ETF app would allow the fund to invest in bitcoin futures, Canadian bitcoin funds, and companies that hold more than 50% of their net assets in bitcoin, ether (ETH) or some other cryptocurrency. ” liquid”.
  • BTC mining company Genesis digital assets announced that it has raised 431 million USD as part of a funding round led by an investment firm Paradigm. The capital will be used to expand their Bitcoin mining operations, with the goal of bringing 1.4 gigawatts online by 2023.
  • Dapper Laboratories, the crypto company behind Best shot in the NBA and the Flow blockchain, announced new funding of $ 250 million, led by Coat. The tour brings together existing investors a16z, GV (Previously Google companies), and The companies of the first version with new investors including LINK and GIC, specifies the press release. Dapper Labs will use the new capital to continue to develop and support leading brand-based sports, entertainment and music products that will go live and develop on the Flow blockchain, they added.
  • Blockchain infrastructure platform Block daemon announced that it has raised USD 155 million in a funding round led by SoftBank Vision 2 Fund which brought the company’s valuation to $ 1.26 billion. The raised capital will help the company expand its team’s presence in Singapore, Japan, the UK and Germany, as well as make strategic acquisitions and build its technology stack, they said.
  • Digital asset management company Osprey Fund announced the launch of its fifth investment product of the year, the Osprey Polygon Trust, which invests exclusively in the MATIC part originating in Polygon network. The Osprey Polygon Trust is currently available to accredited investors for subscription with a minimum investment of 10,000 USD. The sponsor intends to continue listing the fund on the OTCQX market as soon as possible and also agreed to waive management fees for all investors until January 2023.
  • Killer whale, a Decentralized Crypto Exchange (DEX) based on Solana (SOL), said it had raised $ 18 million in new funding led by Polychain, Reserved area, and Capital of the three arrows. Other participants include Skip the capital, Sino world capital, Collaboration and motto, Challenge, Zee Prime, Coinbase Companies, Capital Solana, and a number of angel investors. “These investors will get us started on the path to making Orca the go-to exchange for the Solana ecosystem,” they said.
  • Start of digital identification check raised $ 2.6 million in an investor-backed funding round Aberrant companies, Evernym, Titanblock, and others. The funds raised are expected to help the company launch its product later this year, which includes both a digital ID and a payment system so they can charge users a fee to cover the cost.
  • Multi-asset investment platform eToro announced that he was increasing his stake in the non-profit organization BonDollarUniversal Basic Income (UBI) protocol from $ 58,000 to $ 1 million. The additional capital will fund the expansion of the protocol which aims to promote financial education and close the global wealth gap by combining smart contract mechanisms, DeFi and their reserve-backed crypto token.
  • Kava labs, an open source and non-custodian developer of financial products and services for decentralized finance (DeFi), said it has launched a $ 185 million fund to develop projects on the Kava ecosystem. The platform claims to have three protocols, $ 2.1 billion in on-chain assets, over 280,000 users, and $ 1.8 billion in cross-chain transactions.

Marketing news

  • Main crypto platform Crypto.com announced its first official jersey patch partnership with an NBA team, the Philadelphia 76ers. Crypto.com will also appear in the arena on the base apron and court-side LED screens, be present within the 76ers Fan Hub, sponsor rewards for fans, and feature a Crypto.com school to educate fans on cryptocurrency, they added. Additionally, the 76ers will be launching their very first Non-Fungible Token (NFT), available for fans to purchase through Crypto.com NFT.

Regulatory news

  • United Arab Emirates Securities and Commodities Authority (SCA) and the Dubai World Trade Center Authority (DWTCA) have entered into an agreement to support the trading of crypto assets and related financial activities within the DWTCA Free Zone. The SCA will be responsible for the regulatory oversight of the issuance, offering, listing and trading of crypto assets as well as the licensing of associated financial activities that fall under the jurisdiction of the DWTCA, says the ad.
  • Large crypto company based in the United States BlockFi noted that the New Jersey Bureau of Securities has again postponed the effective date of its previous ordinance, which calls for preventing the creation of all new BlockFi Interest Accounts (BIA), this time to December 1, 2021. All existing BIA customers continue to have access to their accounts, the company added.

CBDC news

  • The Italian payments giant Nexi says he works with the European Central Bank on its central bank digital currency proposal, CNBC reported. “We are engaging with the European Central Bank and helping to shape the future digital euro because we believe it can be a positive force in the evolution of digital payments,” said Paolo Bertoluzzo, CEO of Nexi.

News from the exchanges

  • Kraken announced to have integrated Apple Pay and Google pay in their Kraken app, allowing users to pay for their crypto using these payment methods. There is a minimum purchase amount of $ 10 and a maximum purchase limit of $ 7,500 on a rolling seven day period.

Legal news

  • Riccardo Spagni, the former head of private coin Monero (XMR) maintenance, has announcement that the American authorities released him after more than a month of detention. He added that he was working with his lawyers on a way to return to South Africa as soon as possible in order to respond to the allegations against him.
  • US trial judge Sarah Netburn denied Ripple labs‘motion to compel the United States Securities Commission (SEC) to produce records of cryptographic transactions of its employees. According to the motion, Ripple has met with the SEC four times, starting July 8, to request records of crypto transactions from agency employees “without progress.”

Mining news

  • Crypto mining company BIT Mining noted that it has entered into a membership interest purchase agreement with Viking data centers Jointly invest in the development of a cryptocurrency mining data center space in Ohio with access to up to 85 megawatts of power capacity. Development of the new mine site is currently expected to be fully completed in February 2022.

Career News

  • Crypto and blockchain investment company CoinFund welcomed David Pakman as a managing partner focused on expanding the company’s growth stage venture capital initiatives, the press release said. Pakman spent 13 years at Venrock, a leading venture capital firm focused on investing in emerging technologies. He led the Series A and Series B rounds in Dollar shave club and served on the board until its $ 1 billion acquisition, led Series A, and sits on the board of the crypto firm Dapper Laboratories, and led Series A in the non-fungible token (NFT) market Scarcity.

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