Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance.
Investment management company XSpring Capital has secured a large funding round with partners in Thailand to accelerate the development of its financial marketplace that combines traditional and digital asset products.
It also hopes to bring an expanded platform to the United States.
According to an announcement, the $225 million has been raised through a partnership with Thai real estate firm Sansiri, local insurance company Viryah, and Thai private investor and multi-millionaire Mongkol Prakitchaiwattana.
Formerly known as Seamico Securities, XSpring Capital (not to be confused…
The Nectar DevNet follows on the heels of the Chrysalis upgrade and is an expansion of the Pollen Testnet released back in June 2020.
The roadmap to Iota 2.0 has reached another milestone as the Iota Foundation launches the Nectar DevNet.
In a blog post published on Wednesday, the Iota developer announced the news of the Nectar DevNet launch, which forms an essential part of the preparatory work for the release of Iota 2.0 slated for late 2021.
The Nectar DevNet follows on the heels of the Chrysalis upgrade and is an expansion of the Pollen Testnet released back in…
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem.
There is often a perceived tension between regulation and innovation. A pervasive narrative has emerged that these two important parts of our society are at odds with each other. In reality, it’s when these two come together as partners that we can effect change and transform our world for the better.
Nowhere is this more true than in the blockchain industry.
Over the last few months, we’ve seen seemingly reactionary regulators in different parts of the world try to formulate…
The mainstream market now has a new way of buying and selling the crypto asset Polkadot — via an exchange-traded product.
The mainstream-finance world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden.
The Nordic Growth Market (NGM) is an equities market based in Sweden holding regulatory approval in the country, and serves participants from multiple countries.
The NGM now hosts buying and selling for the DOT ETP, officially labeled as the “Valour Polkadot (DOT) SEK,” according to a public statement provided to Cointelegraph…
Blockstream is a leading blockchain development company founded by Adam Back in 2014.
Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey’s continued support for blockchain infrastructure.
Chris Cook, Blockstream’s chief information officer, announced the collaborative partnership on Saturday, where he outlined plans to build the open-sourced mining facility at one of Blockstream’s United States operations.
“Together, we plan to provide public transparency by sharing the project economics and knowledge we’ve gained from building a Bitcoin mine powered by renewable…
Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday.
NFTs are useful for a wide range of everyday payment/transaction purposes — but first, there needs to be more decentralization.
The rise of the nonfungible token (NFT) has been a sight to behold, with the market seemingly garnering an increased amount of mainstream traction with each passing day. To put things into perspective as to how big this space has actually become, conservative estimates suggest that the amount of money that has entered into this fast-evolving sector currently totals above $500 million.
Another way to gauge the impact that NFTs have had on the global economy is by looking at…
Fears of a nasty pre-Memorial Day selloff in cryptocurrencies may have been overstated, early indicators suggest.
Cardano’s ADA cryptocurrency was back in the spotlight Sunday, leading a tepid market recovery following news that the developer network was inching closer to launching smart contracts.
The combined value of all cryptocurrencies rose 4.4% on Sunday to $1.6 trillion, according to data from Coingecko. Among the majors, it was Cardano’s ADA leading the rally with a 17% gain. ADA peaked at $1.70, according to TradingView, and was last seen hovering just north of $1.63.
At current values, Cardano was the fourth-largest…
With expansion comes a greater focus on policy and regulatory issues. Coinbase’s hire comes with decades of experience in the public and private sectors.
United States cryptocurrency exchange Coinbase has tapped Faryar Shirzad to fill the role of chief policy officer at the firm, signaling its continued commitment to meeting the evolving regulatory landscape governing digital assets.
In joining Coinbase, Shirzad left a 15-year position as global co-head of the office of government affairs at Goldman Sachs, where he “played a leading role in managing the firm’s government relations and public policy strategy,” the exchange said in a Monday blog…
In an effort to attract users, Binance is casting a wide net to bring in artists, celebrities and athletes.
In an increasingly crowded marketplace for marketplaces, Binance is going on the offensive with a business development push aimed at bringing “100 Creators” to their forthcoming nonfungible token (NFT) platform.
In a press release today, Binance announced an NFT drop from Misha Most, a noted street artist who currently holds the world record for the largest wall mural. …
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