Tag: finance

Bitcoin, DeFi Rally, Zcash Top Weekly Crypto Performance: Finance Redefined

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The digital asset market staged a significant recovery over the past week following the end-of-September slump. Investor interest began to return, driven by a newfound appetite for safe-haven assets due to the uncertainty caused by the US government’s first shutdown in six years. The growing demand for safe-haven assets may see Bitcoin (BTC) follow gold’s rally, potentially leading to a new all-time high of $150,000 before the end of the year, according to Capriole Investments founder Charles Edwards. Bitcoin recovered above the $120,000 mark on Thursday for the first time…

ETHZilla CEO Predicts Ethereum as Future of Finance

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ETHZilla CEO McAndrew Rudisill has revealed he made the decision to go all in on Ethereum after seeing its potential in the nearly trillion-dollar global remittance market. Two months later, his formerly floundering biotechnology company is now the eighth-largest public Ethereum treasury in the world. “Ethereum is effectively a gateway for money supply globally to transmit in US dollars,” ETHZilla CEO McAndrew Rudisill told Cointelegraph. The company began life as Life Sciences Corp, a Nasdaq-listed biotechnology firm, which rebranded as ETHZilla Corporation in July, shortly after the US President Donald…

UK Finance Works With Quant For Tokenised Sterling Deposits

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UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on Friday. The pilot was launched in collaboration with six major banks operating in the UK, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander. UK Finance plans to run the pilot until mid-2026 and…

EU Finance Ministers Agree to limit Digital Euro Holdings

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Finance ministers of European Union member states agreed Friday on a pathway to set limits on how much digital euro an individual can hold, moving the bloc closer to launching a central bank digital currency. The decision was announced during a Eurogroup press conference following the Economic and Financial Affairs Council meeting in Copenhagen, Denmark, on Friday. Officials said they had reached a consensus on the “ceiling for holding limits and then ultimately on the issuance process itself for the digital euro.” One official noted during the press conference that…

Etherealize Raises $40M to Market Ethereum to Finance Firms

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Ethereum advocacy firm Etherealize has closed a $40 million funding round to help it pitch the blockchain to Wall Street in a week that’s already seen public firms add over $1.2 billion worth of Ether to their treasuries.  Etherealize said on Wednesday that the crypto-focused venture firms Electric Capital and Paradigm led the round, which it would use to “continue driving institutional adoption of Ethereum.” The company launched in January with funding from the Ethereum Foundation and Ethereum co-founder Vitalik Buterin to educate institutions on the blockchain and the Ether…

Pendle Finance Raises $3.5 Million to Launch Tokenized Yield Market

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Pendle Finance raises $3.5M to launch secondary market for DeFi yields

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Pendle Finance, a DeFi protocol that allows users to tokenize and sell future yields, has completed a private investment round worth $3.5 million to power the next phase of its platform’s evolution.  The private investment round included contributions from several companies, including CMS, DeFi Alliance, Lemniscap, Hashkey Capital, imToken and Spartan Group, among others. The team is being advised by industry leaders from such projects as Kyber Network and KeeperDAO. Pendle’s co-founder, referred to as TN, said his platform allows users to trade the “ever-increasing yield” offered by DeFi products…

Social Trading Platform Enso Finance Raises $5M in Funding Round 

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Key Takeaways Enso Finance has raised $5 million from Polychain, Dfinity Beacon Fund, Multicoin Capital, and other key industry players. Enso Finance is a DeFi tool for creating permissionless trading strategies. It’s hoping to make DeFi more frictionless and accessible. The project will initially launch on Ethereum, though it has plans for “multi-chain support” to follow. Share this article Soon-to-launch social trading platform Enso Finance gets a cash injection.  Enso Finance Closes Funding Round  Enso Finance has closed a $5 million funding round. Polychain and Dfinity Beacon Fund led the…

Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

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The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs once every five year. The committee held 18 meetings for the PCMLTFA review, which started in February. As a result of the review, the committee put forward three ways for the government to regulate cryptocurrencies.…