Under a new plan in Germany, some institutional funds will be able to invest billions in cryptocurrency, which has never happened before, Bloomberg reported. The new rule will let Spezialfonds with fixed investment rules put as much as 20 percent of what they have into...
Paxos, which provides blockchain infrastructure, has raised $300 million in a Series D funding round backed by Bank of America, crypto exchange FTX, Founders Fund and Coinbase Ventures, CoinDesk reported. The round was led by Oak HC/FT. Additionally, it included PayPal Ventures and Mithril Capital,...
Coca-Cola has debuted a nonfungible token (NFT) collection in celebration of International Friendship Day July 30, according to a press release. The event will see a four-day auction on OpenSea, the release stated. The proceeds will go toward Special Olympics International. There are four pieces...
AS Roma, an Italian soccer club, has signed up for a three-year partnership with Zytara Labs, a blockchain FinTech, CoinDesk reported. The partnership is worth $42 million and will create digital player cards and other collectibles as NFTs, according to CoinDesk. Zytara Labs builds products...
Live by the bitcoin, take impairment charges by the bitcoin. Wall Street can be a funny place – funny peculiar, not funny ha-ha. Valuation of a company pivots off of reading financial statements, from assigning multiples to things like net income, operating income or even...
RocketFuel, which provides one-click cryptocurrency payment options, has announced it will be making its one-click services available for the cannabis industry, according to a press release. By integrating RocketFuel, companies will be able to make sure that merchants can access crypto payments from users with...
Brazilian police have seized $33 million reportedly from a money laundering scheme involving cryptocurrencies, according to a press release from police in São Paulo. The court order for the investigation came out of the performance of brokerages that had been intermediating the purchase and sale...
Zip Co Ltd, the Australian-based Buy Now, Pay Later (BNPL) firm, wants to give users a chance to trade in cryptocurrencies, a Reuters report says. Zip has said it plans to offer the service in the next year in the U.S. — due to the...
Bitcoin could be on the way back up after a period of decline, CNBC writes. The biggest cryptocurrency was able to boost above $30,000 on Wednesday (July 21), the report says. The price of bitcoin was trading at $32,765, according to numbers from CoinMetrics. Ether...