The Central Bank of Brazil (BCB) introduced by Pix in 2021 as a means for individuals, businesses and government entities to send payments in a matter of seconds. The system is used by over 70% of Brazilians, Ramp said in an emailed announcement on Thursday. Source
The German bank was one of a handful of company’s to invest in a $65 million, series B fundraising round for Taurus in Feb. 2023. The company offers enterprise-grade infrastructure to issue, manage custody and trade cryptocurrencies, tokenized assets, nonfungible tokens (NFTs) and other digital assets. According to Taurus co-founder Lamine Brahimiaurus, the partnership underwent a “thorough and very detailed” due diligence process before the German bank decided to use its infrastructure services: “It started, end of 2021 and ended somewhere in 2022. We won the deal a couple of…
“We won the deal a couple of quarters ago, so the bank became a client and then decided to take a stake in Taurus,” Brahimi said in an interview with CoinDesk. “The partnership focuses on cryptocurrencies, but we are well known for going beyond cryptocurrencies. So, where it sees fit, the bank will be able to tokenize assets and provide asset servicing.” Source
A large chunk of OKX’s $25-$50 million annual advertising budget goes towards its sports deals. Crypto exchange OKX wants its deals with Formula 1 team McLaren and UEFA Champions League-winning team Manchester City to last a decade. The company reportedly spends $25-$50 million per year in its sponsorship deals with the two sports teams. OKX’s Global Chief Marketing Officer Haider Rafique told The Block in an interview that the company has a five-year deal with McLaren and hopes to extend it to at least ten years. Partnerships between crypto firms…
Huobi will retain its identity for Chinese-speaking regions, but the exchange will now be recognized as HTX on the global scene. Popular cryptocurrency exchange Huobi celebrated its 10th anniversary on Wednesday by announcing its rebranding to HTX. However, there might be more to the move that controversially appears to echo the bankrupt exchange FTX. According to the September 13 announcement, “H” simply represents the first letter of Huobi, “T” represents Justin Sun’s blockchain project Tron, and “X” represents the exchange. But then, Huobi intends to use its new international brand…
South Korean Bitcoin lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of law leading to an investigation and hefty fine against the crypto lending firm. Bitcoin lender Delio said the allegations of fraud and embezzlement levied by the Financial Service Committee (FSC) are baseless, according to a report published in a local daily. The crypto lender claimed that the regulator implied the law unreasonably in a situation where there were no clear regulations for virtual asset deposit and management products. The report revealed…
The price of Bitcoin has fluctuated over the past month, but BitMEX co-founder Arthur Hayes is the latest crypto expert to make a bullish forecast for the asset. According to the former CEO of the cryptocurrency exchange BitMEX, Bitcoin could reach $70,000, and the only reason the asset is not yet at this price is because investors are fixated on the Fed’s nominal rate. Bitcoin Can Still Rise 150% Various predictions have come in regarding Bitcoin, with some being more bullish than others. As for Hayes, he made his case…
Diesel’s entry into the Meta Avatar Store aligns with the brand’s previous forays into the metaverse and its ventures into the world of NFTs. Diesel, the iconic Gen-Z fashion brand known for its edgy style, is stepping into the metaverse with a bang. In collaboration with digital fashion house DressX, the company is launching an exclusive collection on the Meta Avatars Store, adding its name to the roster of luxury brands available in the store. Meta Avatars Store is an online designer clothing store that allows fashion lovers to dress…
Buterin is looking forward to a future where developers can leverage an independent open tech stack. Speaking to the attendees of the Decentralized Finance (DeFi) event Permissionless which was held in Austin, Texas, Ethereum (ETH) co-founder Vitalik Buterin has expressed his enthusiasm towards a progressive future for the Ethereum network. He strongly believes that the network will keep pressing forward, adopting new ideas and offering innovative solutions to existing challenges. Though Vitalik has begun to see signs of a promising future, he opines that even the newest of the new…
Google Cloud has joined forces with a Web3 startup to develop user-centric developer tools for decentralized finance (DeFi) to lower the barrier of entry into the decentralized world. The DeFi infrastructure provider Orderly Network has teamed up with Google Cloud to develop off-chain components of DeFi infrastructure focused on tackling self-custody and transparency challenges. Orderly will be a DeFi infrastructure provider, available on Google Cloud Marketplace. Google Cloud told Cointelegraph that the partnership was struck in light of increasing interest from clients exploring blockchain workloads on Google Cloud. Rishi Ramchandani,…