Decentralized social media protocol Farcaster has raised $150 million in a funding round led by Paradigm with participation from venture capital fund 16z crypto, Haun, USV, Variant, Standard Crypto and more. Farcaster launched by former Coinbase alumni, Dan Romero and Varun Srinivasan, has emerged as a prominent player among several burgeoning Twitter alternatives, both on-chain…
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Eclipse Labs founder and CEO Neel Somani has officially stepped down and been replaced by Vijay Chetty “effective immediately” following allegations of sexual misconduct. In a social media post, Eclipse Labs announced the departure of Somani and Chetty’s promotion from chief growth officer to CEO. “Chetty brings over a decade of crypto-native experience to the…
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BlackRock’s former global head of iShares and index investments, Salim Ramji, is joining Vanguard as its new CEO and board of directors from July 8. In an announcement, Vanguard said Ramji will take over from the current CEO Tim Buckley, who announced he would retire and step down from the firm in February this year. Ramji…
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Bitcoin (BTC) development company MicroStrategy may be planning to dilute shareholder value after the price of its stock and convertible bonds skyrocketed in recent months. MicroStrategy’s Convertible Bonds Since January 1, MSTR has surged 110% to $1440 per share. Meanwhile, its convertible bonds – issued in late 2020 to raise $650 million – now trade…
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Web3 gaming platform Elixir Games has raised a $14 million seed funding round from Square Enix, the Solana Foundation and Shima Capital, and others. Funding will be used by Elixir Games to launch its native token “$ELIX” and its “Launchpad & Incubation Program” which go live later this year. In an announcement, Elixir Games said…
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The International Monetary Fund (IMF) has suggested that digital money could significantly improve financial inclusion and enhance the quality of financial services in the remote and dispersed nations of the Pacific Ocean. In a report published on March 25, the IMF’s senior economic experts examined the potential impact of both private stablecoins and central bank digital…
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Digital asset clearinghouse ClearToken announced it has received over $10 million in investment from Nomura’s digital asset subsidiary Laser Digital with participation from Flow Traders, GSR, LMAX Digital and Zodia Custody, a subsidiary of Standard Chartered’s SC Ventures. In an announcement, ClearToken revealed a rough timeline for when it plans to start offering services in 2025-2026…
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Figment Europe Ltd, a provider of institutional staking infrastructure, and Apex Group are planning to list two new exchange-traded products (ETPs) on the SIX Swiss Exchange on 12 March. The “Figment Ethereum Plus Staking Rewards” ETP will trade under the ticker symbol “ETHF” and the “Figment Solana Plus Staking Rewards” ETP will trade under the…
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Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking the investment was due to, “divergent regulatory approaches in the EU.” UCITS are open-ended investment funds and are a popular…
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UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of 20% year-on-year. The firm’s core hosting business saw year-on-year…
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