“We believe investors should have access to GBTC in an ETP [exchange-traded product] format because it offers a tried and tested way for retail investors to gain exposure to bitcoin at prices that closely reflect spot bitcoin trading prices without holding it themselves,” the letter said. Grayscale Investments is a digital asset management firm owned by Digital Currency Group, … [Read more...] about Coinbase Backs NYSE Arca’s Push for Grayscale Bitcoin Trust Conversion to ETF
Backs
Vaynerchuk Backs $7M Bet on You Wanting to Show Off Your NFTs IRL
As NFTs continue their invasion of the art world, one startup wants to help collectors display their collections in the meatspace.Danvas said Tuesday it raised a $7 million seed round with investors including Greycroft, Lerer Hippeau, Waverley Capital, Gary Vaynerchuk’s VaynerFund, UTA Ventures, BDMI and angel investors Rich Greenfield and Jason Nazar.The raise is just the … [Read more...] about Vaynerchuk Backs $7M Bet on You Wanting to Show Off Your NFTs IRL
Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high
Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible token (NFT) sectors also led to a surge in the cost of carrying out simple transfers and this prompted … [Read more...] about Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high
Three Arrows Backs Money-Streaming Mean DAO to Boost DeFi Payments on Solana
Mean DAO has raised a $3.5 million funding round to boost Solana’s decentralized finance (DeFi) ecosystem with a protocol for money streaming, a service that automates payment and banking workflows and allows for flexible payment schedules.The project announced the funding round on Monday, led by Three Arrows Capital, SoftBank and DeFiance Capital, with participation from … [Read more...] about Three Arrows Backs Money-Streaming Mean DAO to Boost DeFi Payments on Solana
Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer
JPYC, the issuer of a Japanese yen-pegged stablecoin, has raised ¥500 million (about $4.43 million) in a Series A round led by Headline Asia with participation from Circle’s Circle Ventures fund in the latter’s initial capital deployment.Tokyo-based JPYC issues the stablecoin as a prepaid payment instrument in Japan. The company plans to use the funding round to strengthen its … [Read more...] about Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer