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🚀 Circle raises the largest private investment round ever in crypto 💰
🚀 Circle raises the largest private investment round ever in crypto 💰
| How are you dealing with the Monday blues, Geckos?
Three major banks have stated their cryptocurrency stance before the US Senate Banking Committee.
Despite holding more than 60 blockchain-related patents, the Bank of America is keeping its distance from Bitcoin (BTC) and will continue to 'to evaluate the opportunities, risks and client demand for products and services related to cryptocurrency'
Citigroup is taking a more 'measured approach' and will ensure that they have clear governance and controls in place before diving in.
Wells Fargo is experimenting with blockchain technology for internal transactions but will closely monitor cryptocurrencies and their emerging status as a currency and mechanism of payment
In today's news, Arbitrum beta launches, Belt Finance gets hacked, and Circle raises the largest private investment round in crypto.
Read on! | | | | |
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75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | | Ready for some Arbitrum? The much-anticipated Layer 2 network, Arbitrum, is finally live on the Ethereum (ETH) mainnet, albeit in the beta stage.
According to the Arbitrum team, over 250 teams have requested access to the developer launch.
Arbitrum operates by 'rolling up' transactions on a gasless sidechain using its own set of consensus guarantees before reporting the 'rolled-up' transactions on Ethereum.
Cointelegraph | | BSC Keeps Getting Belted by Hackers Belt Finance (BELT) is one of the latest DeFi protocols to be hacked on the Binance Smart Chain.
Over the weekend, the attacker utilized a flash loan exploit through PancakeSwap (CAKE) and managed to execute the contract eight times for $6,234,753 Binance USD (BUSD).
Belt Finance has since stated that withdrawals and deposits will be resumed soon and will also be providing a compensation plan
CoinDesk | | More Money Coming in Hot Big-ticket investments are on the rise in the crypto scene, according to a recent report by Forbes.
Circle, the company behind USD Coin (USDC), has just raised $440 million in private investment last week, making it the biggest investment round ever taken in by a crypto entity.
Out of the top 12 investments reported, five have been made in 2021 alone, indicating growing venture capital interest in the space.
Cointelegraph |
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| | Token
Tokens and coins are often erroneously regarded as interchangeable terms. However, while both tokens and coins share a technical similarity, tokens are usually built atop a smart contract platform and are issued en-masse during its inception. Tokens grant its holders the right to take part in the issuing parties' network or product. Learn about other Crypto terms here | | | | | |
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