Celsius has raised $ 400 million, Coinbase NFT, Blockchain.com margin trading, etc. are the highlights of the crypto market over the past 24 hours.
Crypto Market Highlights: Investment News
Major crypto lender Celsius Network (CEL) has announced a $ 400 million investment led by WestCap, a growth holding company, and Caisse de Đépôt et Setting du Québec (CDPQ), an investment group. The company said the transaction would reflect a valuation of more than $ 3 billion in degrees Celsius, adding that it intends to use the proceeds from that investment to further expand its offering and my product. A portion of the proceeds will also be used to double the team from 486 to nearly 1,000 and to expand globally through strategic acquisitions. Celsius claims that their total assets passed the $ 25 billion mark on October 8, 2021, with over 1 million customers registered on the platform.
▶ Cryptocurrency payment startup MoonPay is raising its first round of venture capital valued at $ 3.4 billion including the investment, The Information reported, citing “two people familiar with this issue.” Investment firm Tiger Global Management and Coatue Management are jointly leading a $ 400 million financing round for the startup, she added.
▶ SmartFi cryptocurrency lending platform raised $ 10 million in the first 2 weeks since the SmartCycle token sale. SmartCycle is an indicator that shows the issuance of SmartFi tokens to finance loan needs; The more loans are in demand, the higher the token price, which has increased by 85% since it went on sale.
▶ Institutional Digital Asset Market SheeldMarket has announced the end of a $ 10 million Series A funding round led by Atomico. The aim of the project is to provide institutional investors with a consolidated overview of several cryptocurrency exchanges and OTC services and to make trading with them easier.
▶ Yup, a Web 3.0 social platform that rewards managers, says it raised $ 3.5 million in a funding round led by Distributed Global, the original investor of Dapper Labs, Audius and Solana (SOL) Has. The company says the funding will be used to develop new social media experiences in Web 3.0 and empower curators across the web.
▶ The Derived Finance trading platform claims to have completed a financing round that raised more than $ 3.3 million from over 30 venture funds. This money will be used to develop important functions for the platform, such as: B. Multicast support.
Crypto Market Highlights: NFT’s News
- Coinbase announced Coinbase NFT, a non-fungible token marketplace (NFT). The initial rollout will support the Ethereum-based standards ERC-721 and ERC-1155, with multi-chain support planned shortly afterwards, the company said, adding that the waiting list is now open to potential users. “We’re making NFT more accessible by developing user-friendly interfaces that reduce the complexity behind the scenes. We’re adding social features that open up new ways to chat and explore. And we will grow the creator community exponentially, ”said a Coinbase.
- NFT unicorn Sorare is under investigation by the UK Gambling Commission, according to consumer information from the watchdog. They warn that the NFT platform’s business “goes beyond the gambling regulations that a licensed operator must comply with” and that consumers should take this into account when deciding whether or not to use the platform.
- Centralized Ethereum (ETH) blockchain company ConsenSys has announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. The company says this acquisition will enable ConsenSys to accelerate the delivery of NFT technology to developers, brands, rightsholders, game publishers, sports teams and leagues. MetaMask and Infura.
Crypto Market Highlights: Stock Market News
The cryptocurrency platform Blockchain.com has introduced margin trading on its exchange. Upon launch, users in 150+ countries will have access to up to 5x leverage on the BTC-USD trading pair in 150+ countries, the press release said.
Crypto Market Highlights: New Product and Service News
2B4CH, a Swiss non-profit advisory organization, has announced that it is launching a federal popular initiative by collecting 100,000 signatures to include Bitcoin (BTC) in an asset list issued by the Swiss central bank. While they are “not overly optimistic” about the law actually passed, they added that their goal is to initiate conversation and public debate.
Freddy Borges, director of Maiquetía International Airport in Venezuela’s capital, has announced that they are working to enable their users to use crypto payment methods, including Bitcoin (BTC), DASH, Petro is pegged to Venezuelan oil and other digital currencies to make tickets to buy and other services, so El Siglo. Borges stated that the use of cryptocurrencies is regulated by the National Regulator for Cryptocurrencies and Related Activities (Sunacrip).
The US music distributor UnitedMasters will allow artists to pay in crypto from the Coinbase cryptocurrency exchange, Bloomberg reports. Musicians who distribute music through UnitedMasters can choose how much license fees they want to receive in cryptocurrency and which currency they want to use.
Crypto Market Highlights: Mining News
Bitcoin mining company CleanSpark has announced the purchase of 4,500 units of the Antminer S19 mining machine. The company estimates that once the machines it has purchased are fully operational, their BTC mining capacity will increase with processing power of 450 PH / s, which is nearly 45% of its current capacity.
US Bitcoin mining company Bit Digital says it has signed an agreement with Bitmain to purchase 10,000 BTC mining hardware. The announced purchases are expected to increase the hash rate of the Bit digital mining pool to more than 1.0 Exahash, the company said without providing any further details on the transaction.
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Crypto Market Highlights: Career News
Sam Bankman-Fried’s quantum trading firm Alameda Research has appointed seasoned associates Caroline Ellison and Sam Trabucco as co-CEOs, the company announced today. As Co-CEOs, Ms. Ellison and Mr. Trabucco will jointly oversee all operations at Alameda while working together on executing the company’s strategy, he added.
The investment firm a16z Crypto has added two technical security experts to its operations team. Nassim Eddequiouaq becomes Chief Information Security Officer of a16z Crypto, while Riyaz Faizullabhoy is Chief Technology Officer.
The financial blockchain platform Celo has announced the addition of two new board members from its community, Jai Ramaswamy and Morgan Beller. Ramaswamy has been the Chief Risk and Compliance Officer for cLabs since 2019, while Beller joined the Celo community in February 2021 as a consultant to Celo.
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