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| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | We hope your Thursday goes well, Geckos! According to a blog post published on Wednesday, Robinhood aims to begin testing a digital wallet feature on its app to allow users to transfer and receive cryptocurrencies in October.
With the upgrade, the company hopes to encourage its users to utilize the app for crypto trading, as it only does not currently allow deposits or withdrawals in crypto.
The wallets will have security measures such as identity verification, multi-factor authentication, and email and phone verification to protect the assets against hackers and other threats, Robinhood stated.
In today's news, Orca secures $18M series A funding, Bhutan collaborates with Ripple to develop CBDC, and Cobo raises $40M to build DaaS.
Read on! | | | Axie Infinity has taken the world by storm and is showing no signs of slowing down!
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| Orca Swims With $18M Series A Orca (ORCA), a Solana (SOL) decentralized exchange (DEX), has secured $18 million in series A investment headed by Polychain, Three Arrows Capital, and Placeholder.
Coinbase Ventures, Jump Capital, Sino Global Capital, and Solana Capital are among the other investors in the round, according to Orca.
Orca intends to utilize the new funds to improve its automated market maker (AMM) and create a next-generation AMM with the simplest user experience.
CoinDesk | | Bhutan X Ripple To Develop CBDC Ripple Labs (XRP) announced on Wednesday that the Royal Monetary Authority (RMA) of Bhutan is collaborating with the firm to develop a central bank digital currency in the mountainous nation.
The decision was inspired by the Royal Monetary Authority's (RMA) attempt to facilitate cross-border payments, promote financial inclusion for its citizens, and "extend its commitment to sustainability as the world's only carbon-negative country," according to Ripple.
According to the RMA, it intends to expand financial inclusion by 85 percent by 2023 by making payments "easier, quicker, and more affordable" with CBDC. Cointelegraph | | Cobo Secures $40M To Build DeFi-as-a-service Cobo, a digital asset management company, has raised $40 million to expand institutional routes to decentralized finance (DeFi) products, demonstrating that more Asia-Pacific investors want secure access to the DeFi market.
Cobo will utilize the Series B funding to build the first DeFi-as-a-service infrastructure, or DaaS, which will allow institutions and their clients to access DeFi products in a compliant manner.
Cobo also stated that DaaS provides institutions with more secure access to DeFi smart contracts without comprehending market intricacies. Cointelegraph |
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