Month: April 2023

Re7 Capital Partners with Republic Crypto to Launch $100M Fund

VCs remain the major source through which institutional investors access crypto. Venture capital (VC) firm Re7 Capital has tapped web3 advisory and crypto infrastructure firm Republic Crypto to launch a $100 million fund for liquid tokens. The fund, which is dubbed RxR Opportunities Fund, is one of the early initiatives of the 2022 strategic joint venture between the two firms. According to The Block, the fund will allow eligible investors to have access to a limited number of hand-picked crypto tokens, with a focus on those tokens with medium-sized market…

WonderFi merges with Coinsquare and CoinSmart to form regulated crypto asset platform

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Canadian-based companies WonderFi Technologies Inc, Coinsquare Ltd, and CoinSmart Financial Inc have announced their merger to create Canadaโ€™s largest regulated crypto asset trading platform with over 1.65 million registered users.ย  The newly merged company will offer Canadians a wide range of diversified products and services, including retail and institutional crypto trading, staking products, business-to-business crypto payment processing, sports betting, and gaming. The newly merged company โ€œwill have transacted over $17 billion since 2017 and have over $600 million in assets under custody,โ€ the announcement said. PRESS RELEASE: WonderFi, Coinsquare and…

PancakeSwap DEX Launches Version 3 with Improved Performance & Lower Fees

The PancakeSwap DEX Version 3 also looks to introduce a โ€œVIPโ€ trading rewards program and a position manager feature down the stretch.ย  PancakeSwap DEX has launched Version 3 onย Ethereumย and BNB Chain, offering improved performance and lower fees. According to reports, Version 3 introduces four different trading fee tiers of the cheapest on-chain trading fees among the decentralized exchangeโ€™s contemporaries. Notable counterparts, in this case, include Uniswap andย SushiSwap. PancakeSwapโ€™s touted trading fee tiers are 0.01%, 0.05%, 0.25%, and 1%. These fee tiers compare favorably with the DEXโ€™s previous Version 2 single…

TradFi Banks Team Up to Create Digital Bonds Trading Platform on Blockchain

The project joins others applying similar technology to conventional markets. In March, Brussels-based Euroclear said it may release a new platform for trading securities on a distributed ledger later this year. The banksโ€™ statement didnโ€™t say when the platform, named sobond, would start operating, and they hadnโ€™t replied to an email seeking clarification by press time. Source

ADA Snaps Losing Streak as BCH Moves to 10-Day High โ€“ Market Updates Bitcoin News

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Cardano ended a two-day losing streak on Monday, as the token moved closer to a two-month high to start the week. Cryptocurrency markets were mostly lower in todayโ€™s session, with the global market cap down 0.36% as of writing. Bitcoin cash also climbed, hitting a ten-day high. Cardano (ADA) Cardano (ADA) snapped a two-day losing streak to start the week, despite the global market cap mostly consolidating on Monday. Following a low of $0.3729 on Sunday, ADA/USD surged to an intraday high of $0.4035 earlier in todayโ€™s session. Todayโ€™s move…

Crypto Custodian Copper to Provide Off-Exchange Settlement to OKX Customers

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โ€œThe continual inflow of institutional volume to Copperโ€™s ClearLoop demonstrates the industryโ€™s drive to meet high standards for asset security and trading,โ€ Copper CEO Dmitry Tokarev said in the statement. โ€œOKX is an essential trading venue for institutional investors, who will now be able to manage their assets efficiently thanks to the ClearLoop integration,โ€ he added. Source

WWE to Merge with UFC Parent Company Endeavor Group to Leverage ‘Heavily in Demand’ Combat Entertainment

A new deal sees the WWE and UFC merge under the same umbrella for all-round combat sports offerings subject to regulatory approval. The World Wrestling Entertainment (WWE)ย has agreed to merge with the Ultimate Fighting Championship (UFC) to form a publicly-traded combat sports company. According to reports, the new company will be run by a talent and media holding company and UFC parent Endeavor Group Holdings. The WWE deal comes months after news first emerged that the popular wrestling promotion sought a buyer. The Vince McMahon-controlled company has a current market…

Acorns to Serve EU Retail Investors with Acquisition of GoHenry

The linkup between GoHenry and Acorns is destined as both companies have been working together for some time already. American financial technology and financial services firm Acorns has revealed it has acquired GoHenry, a teen-based investing application with a diversified user base. As reported by CNBC, the acquisition is the first of its kind for Acorns which is set to use the new acquisition to expand into Europe, in line with its global expansion strategy. The financial cost of the deal was not revealed, however, the companyโ€™s co-founder and Chief…

The Crypto Industry Also Needs to Fix Itself-CoinDesk

Choose the culprits: The Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and their panoply of lawsuits, the U.S. Congressโ€™ inability to pass any significant blockchain law, a lackluster Biden administration โ€œEconomic Report of the Presidentโ€ with 30 pages bashing the industry, the closure of two of the most crypto-friendly U.S. banks (Signature and Silicon Valley Bank), the Terra implosion and its ripple effects, the FTX failure and its ripple effects, the ongoing flurry of decentralized finance (DeFi) exploits in vulnerabilities, blockchain bridges failures, token prices tanking,…