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African startup raises $6 million from pre-Series A funding round

The Africa Blockchain Lab recently said it raised $6 million from a pre-Series A investment round and that it will use the capital to fund the launch of an encrypted portfolio. Increase cryptocurrency adoption An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The…

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Binance develops Crypto Exchange in Indonesia

Binance formed a joint venture with a consortium led by Telkom Indonesia’s $ 830 million venture capital arm. Binance aims to “expand the blockchain ecosystem in Indonesia by developing a new digital asset exchange based in Indonesia.” Binance Building Cryptocurrency Exchange in Indonesia Cryptocurrency and blockchain infrastructure provider Binance announced Wednesday that it has established…

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Lending Platform Ledn Launches Bitcoin-Backed Mortgage Product and Raises $ 70 Million

Global digital asset savings and credit platform Ledn has announced the upcoming launch of a bitcoin-backed mortgage product, calling it “the first product of its kind to hit the market.” The company also raised $ 70 million, bringing its valuation to $ 540 million. Bitcoin-backed mortgage: “The first product of its kind to hit the…

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The largest bank in Colombia to offer bitcoin trading

Bancolombia will soon offer its clients the ability to buy and sell bitcoins through a partnership with Gemini. Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia to clients of the country’s largest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw…

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Coinbase makes Shiba Inu crypto available to New York residents after adding SHIB trading pairs

Coinbase, the Nasdaq-listed cryptocurrency exchange, has made shiba inu cryptocurrency available to New York residents, who can now trade, buy, sell, and store SHIB on Coinbase. This announcement follows the exchange adding SHIB trading pairs. Coinbase strengthens its Shiba Inu crypto offerings Cryptocurrency Exchange Coinbase announced on Friday that the shiba inu cryptocurrency (SHIB) is…

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Changing Facebook’s brand to meta causes mana to explode

Mana (MANA / USDT) has been absolutely insane ever since Facebook CEO Mark Zuckerberg threw a bomb when he announced that the most popular social media platform, which has 2.89 billion active users per month, decided to change their name. For META (new ticker from December 1, 2021: MVRS) to reflect its growing interest in…

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Coinbase invested in a record 49 projects in the third quarter

Coinbase Ventures closed a new investment deal almost every day in the third quarter of 2021, details posted on the Coinbase blog. According to the October 29 blog post, Coinbase Ventures made a record 49 investments in the quarter, becoming one of the cryptocurrency’s “most active venture capitalists”. “In the third quarter, Ventures made a…

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Guernsey regulator approves launch of Bitcoin ETF by Jacobi Asset Management

The GFSC-approved Jacobi Bitcoin ETF is a cryptocurrency-based crypto financial instrument backed by Bitcoin Escrow provided by Fidelity Digital Assets. Jacobi Asset Management, a London-based multi-asset investment platform, received approval from the Guernsey Financial Services Commission (GFSC) to launch a Bitcoin (BTC) exchange-traded fund (ETF). Speaking to Cointelegraph, Jamie Khurshid, CEO of Jacobi Asset Management,…

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The crypto exchange Binance ceases trading in derivatives in Australia

Amid a worldwide regulatory review, the global cryptocurrency exchange Binance has announced that it will stop offering leveraged futures, options and tokens to Australian users in 90 days. Upcoming changes to Binance Australia The cryptocurrency exchange Binance announced some changes to its offerings in Australia on Tuesday. The exchange will no longer offer leveraged futures,…