It is Time to Redefine Stablecoins, FTX CEO Sam Bankman-Fried Says

Sam Bankman-Fried, founder and CEO of Bahamas headquartered cryptocurrency exchange, FTX, reflected on the future of stablecoins after the past week’s carnage involving TerraUSD (UST) and Terra (LUNA). According to Bankman-Fried who took to Twitter, the so-called stablecoins need to have separate and clearly refined definitions as there is too …

Citi, Wells Fargo, BNY Mellon And Others Invest $105 in Digital Asset Provider Talos

Major financial institutions, including Citi, Wells Fargo, and BNY Mellon, have joined a funding round for institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” With the raise of $105 million, the Series B funding round values Talos at $1.25 billion. The announcement …

Barcelona-based Freeverse.io Raises $10 Million for its ‘Living Assets’ NFT Innovation

Earlybird Venture Capital and Target Global led the Series A round for Freeverse, which offers next-generation, ‘Living Asset’ NFTs. Freeverse.io today announced a Series A investment round of €10M, co-led by Earlybird and Target Global, alongside existing investors Adara Ventures and 4Founders Capital. Freeverse’s service allows companies to build products …