Silvergate Took $4.3B in Deposits From Digital Currency Customers in Q2 Posted on 2021-07-21 by Patrick The majority of the bank’s new deposits came from cryptocurrency exchange clients. + News
Circle Reveals Assets Backing USDC Stablecoin Posted on 2021-07-21 by Patrick Crypto’s No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here’s what comprises the rest. + News
CoinFund Targets ‘Early Mainstream Adoption’ With $83M Venture Fund Posted on 2021-07-21 by Patrick The six-year-old crypto VC firm has headlined seven fundraising rounds so far this year. + News
Rolexes in DeFi? NFT Marketplace 4K Raises $3M to Combine NFTs and Luxury Goods Posted on 2021-07-21 by Patrick 4K aims to bring NFTs of vault-stored valuables into the world of decentralized finance. + News
Signature Bank Adds $6.3B in Deposits from Digital Asset Customers Posted on 2021-07-20 by Patrick The figure compares with growth of $3.77 billion in the first quarter. + News
NFT Marketplace OpenSea Valued at $1.5B in $100M Funding Round Led by A16z Posted on 2021-07-20 by Patrick The NFT venue has crossed into the rarefied air of crypto unicorns. + News
Bitcoin Drops as Investors Buy $22K and $20K Puts Posted on 2021-07-20 by Patrick Despite the pickup in demand for $22K puts, the options market remains biased bullish for the long term. + News
How Axie Infinity Creates Work in the Metaverse Posted on 2021-07-20 by Patrick A cute NFT pet game called Axie Infinity is currently raking in more protocol revenue than Ethereum and Bitcoin. Filipinos are benefitting. + News
Ethereum Co-Founder Anthony Di Iorio to Sell Decentral and Cut Major Ties to Cryptocurrency Posted on 2021-07-20 by Patrick Di Iorio said concerns about personal security figured partly in his decision to work on philanthropic initiatives full time. + News
Polygon Launches Unit to Grow Blockchain Gaming, NFTs Posted on 2021-07-20 by Patrick The Ethereum-scaling project has introduced Polygon Studios to “bridge the gap between Web 2 and Web 3 gaming.” + News