Bitcoin 

Coinbase Invests Over $1 Million into DeFi Sites

One of the major reasons behind the rapid development of the cryptocurrency space is the presence of crypto exchanges, and Coinbase is one of the most influential exchanges in the world. On Wednesday, the company further strengthened its bets in the decentralized finance (DeFi) applications space by announcing a fresh round of investments. Major Investment Coinbase announced that it has decided to invest a total of $1.1 million in two separate projects through its USDC Bootstrap Fund. This is a major development for the DeFi space and for the crypto…

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Blockchain 

Ripple Invests in Cybersecurity Startup Funding Round

Ripple has invested in a $2.2 million USD seed funding round by London-based cybersecurity startup Keyless via its investing division, Xpring. Keyless claims to be the first company in the world to combine biometrics with secure multi-party computation. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for the seamless movement of money. Since then, it has evolved into more of a startup investment arm of Ripple, funding unique and high-potential projects in the world of crypto in order to enable widespread adoption…

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Blockchain 

Overstock’s Crypto Division Invests $2 Million USD in Evernym

Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its digital credential platform, Verity, allows organizations to interact with customers while giving clients control over their data. The technology utilizes blockchain to develop a decentralized ecosystem of digital credentials that is more trustworthy than physical…

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Blockchain 

BitMex Ventures Invests in PDAX, Increasing Activity in the Phillippines

According to sources, BitMEX Ventures has invested in a crypto exchange licensed by the central bank of the Philippines. The investment aims to help the Philippine Digital Asset Exchange (PDAX) to develop its cryptocurrency marketplace. The aim is to include other digital assets such as tokenized commodities, real estate equities, and debt securities. BitMex Invests in PDAX Hong Kong-based BitMex is a cryptocurrency exchange that offers contracts with credit support. The exchange only trades crypto-to-crypto and doesn’t accept fiat currencies. The investment is welcomed by PDAX; CEO Nichel Gaba says the limited infrastructure in…

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Cryptocurrency 

Tangem Crypto Wallet | Japan’s SBI Group Invests $15 Million

Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem. The company is the creator of a slimline hardware cryptocurrency wallet. SBI Group Invests in Tangem SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized asset offerings, and digital identity. Tangem Crypto Wallet Described by the company as a “smart banknote for digital assets,” Tangem’s cryptocurrency wallet mimics a bank card in that it allows a user to make off-chain physical transactions.…

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Cryptocurrency 

Crypto News | UPS Invests in Blockchain & Circle Stablecoin Fully Backed

All major cryptocurrencies are seeing red again today. This week has brought higher-than-normal volatility for most of the top digital currencies on the market, making investors scratch their heads. Today, we’ll take a look at the latest trending crypto news. Crypto News: UPS Invests in Blockchain Today, the top crypto news is surrounding the logistic giant, the United Parcel Service (NYSE:UPS). It was announced that the investment arm of the shipping company made an undisclosed equity investment in the US enterprise blockchain company, Inxeption. This UPS investment will be used…

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Blockchain 

Peter Gabriel Invests in Blockchain Startup

Musicians have the resources to finance the things they support. Ordinary people try but often fail to have the required funding—which is why we tend to see celebrities investing in crypto and blockchain startups. The latest headline involving a celebrity moving into blockchain is as follows: Peter Gabriel invests in blockchain startup. Peter Gabriel Invests in Blockchain Startup You may remember Peter Gabriel as the former lead singer of Genesis, an English rock band formed in 1967. Now, Gabriel, 68, is moving away from the music industry (so to speak)…

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