Ansible Labs Completes $7M Seed Funding Led by Archetype

Blockchain payments platform Ansible Labs on Wednesday announced the completion of a $7 million seed round of funding led by crypto venture capital firm Archetype. According to Ansible Labs, other participants in the financing round include Castle Island Ventures, A* Partners, Arca, Soma Capital, Plural VC and Eniac Ventures. This round of financing will be used for recruitment, liquidity … Read more

US CFTC Approves Clear Markets For Operating Crypto Derivatives

The U.S. Commodity and Futures Trading Commission (CFTC) confirmed it has approved the U.S. subsidiary of electronic trading platform developer Clear Markets to offer physically settled crypto derivatives, according to the firm’s shareholder SBI Holdings. SBI Holdings acquired a 12% stake in Clear Markets in August 2018 and plans to increase its stake in the … Read more

The Sandbox Expands Footprints in Hong Kong for Alpha Season 3

Decentralized virtual gaming developer The Sandbox, a subsidiary of Animoca Brands, announced Thursday to roll out the first-ever pop-up atelier in Hong Kong for the upcoming seasonal events. To facilitate the experience in the Metaverse, the leading virtual real estate developer is actively establishing a virtual platform for global users. By offering a virtual land … Read more

Crypto Broker Genesis Says Lending Business Declined in Q2

Genesis, a global institutional digital asset trading, lending, derivatives, custody and prime brokerage services company, on Wednesday, published its Q2 earning report with some interesting insight into crypto markets. The report shows that crypto lending output at the company declined while OTC trading rocketed higher. Genesis said it issued new loans worth $40 billion in … Read more

Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.  The report noted that the worldwide blockchain in banking and financial services market size is anticipated to hit $1.89 billion this year from $1.17 billion recorded in 2021.   … Read more

Paradigm Shift amid Global Crypto Chain Reactions

Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year. Chain reactions have been triggered after the crash of LUNA/Terra in May. Amid the so-called crypto winter, the subsequent market meltdown resulted in shutdowns among crypto institutions, such as the declaration of insolvency by crypto lenders Three Arrows … Read more