Crypto News
Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
Plasma, a crypto startup building a Bitcoin-based blockchain designed specifically for stablecoins, raised $20 million to further its development, the company said on Thursday.The fundraising round was led by Framework Ventures and will support Plasma’s testnet and mainnet launches, as well as its expansion into remittances, payments and DeFi applications, the team said. The investment followed a $4 million round with early backers including Bitfinex, stablecoin issuer Tether's CEO Paolo Ardoino, venture capitalist Peter Thiel and prominent crypto traders Cobie and Zaheer Ebtikar, also known as Split Capital.Stablecoins have become a dominant force in crypto surpassing $220 billion in supply, and are increasingly used for everyday payments and savings. While Bitcoin is the longest-running blockchain, most of the stablecoin activity...
Wyoming Highway Patrol Association Considers Buying Bitcoin
"We are excited to explore Bitcoin as a network and asset," said WHPA vice president Austin Bluemel.Source link
Conflux (CFX) Network Announces Key Parameter Changes Following Latest Voting Round
Conflux (CFX) Network has announced changes to key parameters following the conclusion of its 14th voting round. Key adjustments include increases in PoW block rewards and interest rates. (Read More)Source link
QCP Capital Unveils Market Dynamics: Cautious Fed, BTC Rebound, and Options Market Activity
QCP Capital’s latest market update illuminates a notable transformation in economic and financial paradigms. QCP Capital Forecasts Delayed Fed Rate Cut Amid CPI Surge and Bitcoin Volatility According to QCP Capital’s findings, the headline consumer price index (CPI) figures outstripped forecasts, whereas core CPI saw only a marginal uptick. This inflationary momentum has recalibrated investorSource link
South Korea to Start Lifting Ban on Corporations Trading Crypto
South Korea's Financial Services Commission (SFC) plans on lifting a ban that prevented institutions trading crypto in response to the upsurge in global participation in the market, it said on Thursday. Non-profit organizations like charities, university and school corporations, law enforcement agencies will be able to sell their virtual assets by the first half of the year. By the second half of the year listed companies and professional investors will be allowed to buy and sell crypto. Corporations and banks have been restricted from trading virtual assets due to government regulations that were put in force in 2017. At the time the blockage was put in place to alleviate "overheated speculation" and address money laundering concerns. With the enforcement of...