Dakota, a crypto-integrated banking platform for businesses, has raised $12.5 million in a Series A round to expand its borderless banking services, the firm said on Tuesday. The investment was led by CoinFund, with participation from 6th Man Ventures and Triton Ventures. The announcement comes at a time when stablecoins, or cryptocurrencies tied to an
Firms including crypto payments group Ripple, stablecoin company Circle, and custodian BitGo have applied for national trust bank charters that would allow them to offer select banking services read more Cryptocurrency companies are accelerating efforts to enter traditional banking in the United States, capitalising on what they see as a more favourable regulatory climate under
In a development that has again raised red flags over United States President Donald Trump’s conflict of interest in the cryptocurrency space, Bloomberg reported that Binance aided in the creation and promotion of the USD1 token for World Liberty Financial, before its founder sought pardon. According to sources cited by Bloomberg, the world’s largest crypto
As bitcoin pushed past all-time highs and other cryptocurrencies surged, the rise in stablecoin supply is offering a signal that this rally may have deeper roots. Tether’s USDT and Circle’s USDC, the two largest dollar-pegged stablecoins, each reached new record supplies this week, according to TradingView data. Since the start of July, USDC’s market cap
The concept of using stablecoins in the financial system getty Stablecoins have come a long way in decentralized finance. In 2020, DEX liquidity was mostly in ETH and wrapped BTC. Today over 70% of trading pairs and lending pool deposits are denominated in fiat-pegged stablecoins, with USDC and USDT leading the pact. It seems that
A money manager to some of Hong Kong’s richest individuals will start investing in cryptocurrency, as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-finance
Family affair: President Trump teamed up with his sons Barron (left), Don Jr. (middle) and Eric (right) to launch World Liberty Financial, a crypto venture that has brought in more than a half billion dollars. Photo by Kevin Lamarque – Pool/Getty Images One of Donald Trump’s companies reduced its stake in World Liberty Financial, a
Bitcoin has rocketed higher over the last month, helped by fears stoked by Tesla billionaire Elon Musk that the U.S. dollar could be teetering on the verge of collapse. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for
A crypto exchange platform backed by the billionaire Winklevoss twins has submitted a confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). In a press release, Gemini announces that it has sent a confidential draft registration statement to the regulatory agency related to the public offering of its
An illustration of the Bitcoin spot ETF. NurPhoto via Getty Images Crypto ETFs have come a long way, even though it’s only been less than 4 years since the first Bitcoin futures ETF was introduced. After years of legal resistance, spot Bitcoin ETFs finally hit the US markets in early 2024, bringing in billions in