KuCoin Worth USD 10B, Three New Crypto ETFs, Circle’s ‘Decentralized Identity’ + More News

Source: AdobeStock / AndriiKoval


Get the daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the tales flying individually distinct of today’s crypto news.


Investments news

  • Crypto exchange KuCoin elevated USD 150m inside a pre-Series B funding round brought by Jump Crypto, getting its valuation to USD 10bn. They added the new funds will assist them expand in to the Web3 space, including crypto wallets, GameFi, decentralized finance (DeFi), and non-fungible token (NFT) platforms.
  • Three new crypto exchange-traded funds (ETFs) are anticipated to start buying and selling on May 12 around australia around the Cboe exchange: a bitcoin ETF from Cosmos Asset Management, in addition to BTC and ethereum (ETH) place ETFs from 21Shares.
  • Digital investment management company Wave Financial launched its eighth digital asset fund with more than USD 60m in committed seed capital, which is made to deploy capital via stablecoins into DeFi platforms to develop a target yield of 8%-12% per year.
  • Crypto buying and selling technology developer Talos elevated USD 105m inside a Series B funding round which was became a member of by global banks Citigroup, BNY Mellon, and Wells Fargo among other investors, valuing the organization at USD 1.25bn. The organization uses this capital to scale and diversify its digital asset platform and accelerate its expansion into Asia-Off-shore and Europe, it added.
  • African Web3 project Jambo announced it elevated USD 30m inside a Series A funding round brought by Paradigm. The funds is going to be employed for doubling they across Africa through the finish of 2022, expanding to greater than 15 metropolitan areas around the continent, and hiring additional engineers, they added.
  • Play-to-earn game Nyan Heroes elevated USD 7.5m inside a proper round to finance game development in a valuation of USD 100m. The organization uses the cash to employ more and more people as well as for community outreach, they added.
  • Entertainment e-newsletter Dirt elevated USD 1.2m inside a seed funding round brought by crypto investment fund Collab + Currency to construct out its Web3 infrastructure.
  • Metaverse co-creation platform StarryNift confirmed it elevated USD 10m inside a funding round brought by Susquehanna Worldwide Group.

Decentralized identity news

  • Financial technology firm Circle introduced a decentralized identity framework known as Verite. The credentials are kept in crypto wallets and never stored on-chain, and actually enable KYC (know your customer), credit rating, accreditation, and much more, they added.

Wallets news

  • Bitcoin (BTC) security specialist Casa announced a brand new public application programming interface (API) for companies to integrate multisignature wallets inside their services. The organization has additionally elevated USD 21m inside a Series A funding round, they added.

Tax news

  • The Indian Services and product Tax (GST) Council might consider levying 28% GST on cryptoassets, CNBC-TV18 reported, citing unnamed sources. The problem expires for consideration through the GST Council’s nominated law committee, before it puts forward the tips to the fitment committee and also to the GST Council for any formal nod, it added.

Adoption news

  • iGaming token project Crypto Snack announced a partnership with soccer club RCD Espanyol, that will accept crypto payments beginning pick up.

CBDCs news

  • The Central Bank of Nigeria will launch upgrading because of its eNaira in a few days to permit digital currency for use on the wider selection of products or services, including bill payments, per Vanguard.

Exchanges news

  • Bitpanda announced it’s added staking to the platform, readily available for 11 cryptoassets, with profits compensated out every week.

Security news

  • Blockchain infrastructure developer Elrond Network (EGLD) announced their integration with blockchain analytics platform Anchain.AI. The platform’s analytics suite can help Elrond understand large data sets relating to on-chain transactions, to prevent interactions with addresses flagged for illicit activities, prevent fraud attempts, which help using the tracking and recovery of misappropriated digital assets, they added.

Web3 news

  • The Board from the Global Esports Federation established the GEF Metaverse Council, targeted at convening thought leaders and creators round the Web3 space. The Council may also concentrate on shaping “tangible metaverse development initiatives” for his or her community, blockchain technologies, NFTs, and much more, they added.
  • NFT blockchain Flow is making a USD 725m push to draw in more projects as of Flow Ecosystem Fund. It’ll concentrate on enabling “more distributed and equitable Web3 opportunities” and support existing and future developers within the ecosystem, they added.

NFTs news

  • American singer Madonna and digital artist Beeple announced a 3-video NFT collaboration having a CGI Madonna having a baby, that they dubbed “Mother of Creation.” The NFTs is going to be on the SuperRare marketplace and proceeds are likely to charitable organization organizations, they added.

Career news

  • Terry Angelos, payments giant Visa’s global mind of fintech and crypto, will require over as ceo of broker-dealer DriveWealth in a few days, CNBC reported.

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