Crypto News

GameStop raised another $450 million that it can use to buy Bitcoin, boosting its latest raise to $2.7 billion. Will it grab more BTC?Source link

Zama raised $57 million and launched a public testnet aimed at bringing privacy and encrypted smart contracts to public blockchains.Source link

Markets embraced a renewed risk-on rally despite lingering global tensions, with Coinbase stock jumping 12% on major regulatory wins and institutional interest in bitcoin reaching new highs. Markets Rally As Coinbase Scores Regulatory Wins and Bitcoin Holdings Surge Despite Israel resuming limited military strikes post-ceasefire, global markets shifted decisively into risk-on mode. QCP’s latest insightsSource link

U.S.-based fintech platform SoFi (SOFI) said on Wednesday it will introduce international remittances through blockchain and stablecoins and allow users to invest in cryptocurrencies this year, making good on its promised digital asset push.The upcoming remittance service will let users send U.S. dollars and select stablecoins to recipients abroad with "well-known" blockchain networks processing the transactions, allowing funds to be sent around the clock, converted into local currencies and deposited quickly into recipients' accounts, according to the press release.The company says this will be significantly cheaper and faster than traditional methods such as wire transfers or bank-based remittances.The firm will also relaunch crypto trading services, letting users buy, sell and hold major cryptocurrencies like bitcoin BTC and Ethereum's ether ETH...

The EU plans to announce the elimination of a barrier that prevented dollar-backed stablecoins from flooding the bloc, per a new report.Source link