Month: April 2021

Blockchain Firm Paxos Announces $300 Million Series D Funding

Paxos, the firm behind the eponymous blockchain infrastructure platform, has announced the completion of a Series D funding round Paxos yesterday confirmed it had closed a $300 million Series D funding round led by the venture and growth equity investment firm Oak HC/FT. The funding round featured other big names, including PayPal Ventures, Declaration Partners, …

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Fidelity rolls out digital asset analytics tool SherlockSM

Fidelity Investments has launched a digital asset analytical tool designed for institutional investors in the cryptocurrency market Financial services firm Fidelity Investments announced yesterday that it had launched SherlockSM, a digital asset data and analytics tool. The analytics tool is designed to serve institutional investors in the cryptocurrency space. Thanks to SherlockSM, institutional investors can …

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U.S. Bank to support NYDIG’s Bitcoin ETF if approved

U.S. Bank provided details of its new cryptocurrency offerings, revealing that it would support the NYDIG’s Bitcoin exchange-traded funds (ETF) pending regulatory approval According to a blog post yesterday, U.S. Bank revealed that it is finalising cryptocurrency custody services. The bank provided details of three new cryptocurrency initiatives as it looks to offer more services …

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PayPal Chief: Interest in Crypto has Exceeded Expectations

PayPal chief yesterday acknowledged that the demand for PayPal’s crypto is more than what was projected PayPal CEO Dan Schulman has revealed that interest in the crypto offering from the firm has grown beyond initial expectations. The overall crypto market reacted positively when PayPal first announced it would support cryptocurrency purchases on its platform, with …

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