FTX crypto exchange valued at $18bn after the largest funding round in crypto history

Crypto derivatives exchange FTX has completed a series B fundraising round of $900m that values the company at $18bn.

Over half of crypto experts believe bitcoin will replace fiat money by 2050

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

Terraform Labs bags $150m in funding from major crypto players for DeFi Ecosystem Fund

Terraform Labs, the South Korean company behind the Terra public blockchain, has raised $150m from major crypto investors including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.

Andreessen Horowitz leads $9m round for Solana’s Phantom wallet to develop its multichain feature

Phantom, a crypto wallet and browser extension for accessing decentralized finance (DeFi) applications, has raised $9m in a Series A funding round led by Andreessen Horowitz (A16z).

Zerion inks $8.2m in a Series A led by Mosaic Ventures to make DeFi...

Ethereum-based DeFi aggregator Zerion raised $8.2m in a Series A funding round led by Mosaic Ventures which also featured participation from Placeholder, Digital Currency Group, and Blockchain.com Ventures, among others.

The 29 FinTech rounds raised last week prove that crypto firms and InsurTechs will...

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

Russian central bank to initiate digital ruble pilot

The central bank of Russia has revealed it is planning to begin a pilot test for a digital ruble with 12 of the country’s top banks.

SoftBank invests $200m in Brazil’s largest crypto exchange Mercado Bitcoin

Mercado Bitcoin, the largest bitcoin exchange in Brazil, raised $200m in a Series B round from the SoftBank Latin America Fund.

MAS partners with IMF, World Bank to launch global challenge for digital currency solutions

The Monetary Authority of Singapore (MAS) introduced a global challenge for retail Central Bank Digital Currency (CBDC) solutions.

Can FCA’s Binance ban be the beginning of a clampdown on crypto exchanges?

Binance, one of the world’s leading cryptocurrency exchanges, has been banned from operating in the UK. This might be a sign that regulatory bodies will now put cryptocurrency exchanges under their microscope.

News Stories

Rapyd snares $300m Series E to accelerate growth and acquisitions

US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.

ComplyAdvantage, McKinsey execs bet on UK-based cybersecurity startup seedata.io in pre-seed round

Seedata.io, a London-based cybersecurity SaaS startup, raised £640,000 in a pre-seed funding round.

Kenya’s Wapi Pay banks a $2.2m pre-seed round to ease remittances between Africa and...

Wapi Pay, based in Singapore and headquartered in Kenya has raised $2.2m in pre-seed funding to scale up global payments and remittances between Africa and Asia.

BharatPe earns the horn, triples valuation to $2.85bn after Tiger Global-led oversubscribed round

Merchant payments and financial services provider BharatPe raised $370m in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based Tiger Global Management.

FinTech VC Element snares $130m for B2B fund

UK firm Element Ventures has secured $130m in financial backing for its business-to-business (B2B) FinTech-focused venture capital business.

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