Digital Currency Group

Xoom Enables PayPal USD as a Funding Option for Cross-Border Money Transfers

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星期四, 四月 4, 2024

Friends, Xoom, SAN, PayPal, Sale, Senior, Commerce, Cryptocurrency, World Bank, Family, USD, Digital Currency Group

SAN JOSE, Calif., April 4, 2024 /PRNewswire/ -- Xoom, PayPal's cross-border money transfer service, announced today that U.S. users1 now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin2. Rolling out to customers in the U.S. starting today, the new funding option will allow U.S. Xoom users to easily convert the PYUSD in their linked PayPal Cryptocurrency Hub to USD and use that as a funding source to send money to recipients in approximately 160 countries globally with no Xoom transaction fees.3

Key Points:

SAN JOSE, Calif., April 4, 2024 /PRNewswire/ -- Xoom , PayPal's cross-border money transfer service, announced today that U.S. users1 now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD) , a U.S. dollar-denominated stablecoin2.
With no Xoom transaction fees,3 cross-border money transfers funded using USD converted from PYUSD provides a lower cost option on Xoom.
By introducing the option to fund cross-border money transfers with USD converted from PYUSD, Xoom now offers an easy and reliable way for U.S. users to send money abroad using PYUSD as a funding source.
With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.

Zone raises $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

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星期一, 三月 18, 2024

POS, CCA, Communication, Veteran, Blockchain, V8, Investment, ATM, DCG, Digital Currency Group, Cryptocurrency

LAGOS, Nigeria, March 18, 2024 /PRNewswire/ -- Zone, Africa's fast-growing payment infrastructure company (the "Company"), today announced that it has raised $8.5 million in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom Capital.

Key Points:

The deal marks a pivotal moment for Zone as the company continues on its journey to build a Blockchain-based decentralized payment infrastructure for financial services providers across the continent and beyond.
By harnessing the power of blockchain, Zone's blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers.
The new funding will enable Zone to further expand the coverage of its network domestically and connect more banks and financial services companies.
As we step into this new phase at Zone, we are re-energized and our commitment to transforming Africa's payment infrastructure is renewed.

Zone raises $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

Retrieved on:

星期一, 三月 18, 2024

POS, CCA, Communication, Veteran, Blockchain, V8, Investment, ATM, DCG, Digital Currency Group, Cryptocurrency

LAGOS, Nigeria, March 18, 2024 /PRNewswire/ -- Zone, Africa's fast-growing payment infrastructure company (the "Company"), today announced that it has raised $8.5 million in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom Capital.

Key Points:

The deal marks a pivotal moment for Zone as the company continues on its journey to build a Blockchain-based decentralized payment infrastructure for financial services providers across the continent and beyond.
By harnessing the power of blockchain, Zone's blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers.
The new funding will enable Zone to further expand the coverage of its network domestically and connect more banks and financial services companies.
As we step into this new phase at Zone, we are re-energized and our commitment to transforming Africa's payment infrastructure is renewed.

Tokens.com Provides Crypto Inventory Update

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星期四, 二月 29, 2024

Professional Services, Cryptocurrency, Ethereum, Sale, Disclosure, Digital Currency Group

**18,001 Solana are held by Genesis Global Trading.

Key Points:

**18,001 Solana are held by Genesis Global Trading.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions.
We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring.
Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure by Genesis.

Masa Network Raises $5.4M in Seed Round to Build the “Decentralized Google” for the World’s Personal Data

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星期二, 一月 23, 2024

Networks, Data Management, Consumer Electronics, Technology, Software, Crypto, Entrepreneurship, Injective function, Avalanche, Traction, Partnership, AI, Network, Big Tech, Conference, Digital Currency Group, CSNET, Cryptocurrency

The generative AI race is now turning unique and valuable personal data into the next frontier of value creation.

Key Points:

The generative AI race is now turning unique and valuable personal data into the next frontier of value creation.
As the demand for personal data continues to grow, users deserve to control their data and get compensated for its use.
Masa is building a “Decentralized Google,” an open, secure, and incentivized economy for the world’s personal data.
“Masa Network realizes the original blockchain dream - a fair data economy where you own and profit from your personal data.

Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi

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星期三, 十二月 13, 2023

View the full release here: https://www.businesswire.com/news/home/20231213003404/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20231213003404/en/
Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi (Photo: AETOSWire)
In conjunction with the round, Andalusia Labs announced the establishment of its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets.
“Andalusia Labs is addressing one of the most significant challenges in the blockchain industry today," said Ravi Mhatre, Partner at Lightspeed Venture Partners.
Andalusia Labs intends to utilize the funds to accelerate product development, enhance institutional partnerships, and continue global expansion.
The opening of their global headquarters in Abu Dhabi will catalyze their global scaling efforts and strategically position the company for unparalleled growth.

Bullish Acquires CoinDesk from Digital Currency Group

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星期一, 十一月 20, 2023

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).

Key Points:

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).
CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.
View the full release here: https://www.businesswire.com/news/home/20231120856497/en/
“With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem,” said Tom Farley, CEO of Bullish.
CoinDesk Media provides news and analysis on the price movements, technologies, companies and people shaping the evolution of the bitcoin and digital currency ecosystem.

Neutral Secures $3.2M to Build Market Infrastructure for Environmental Assets

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星期二, 十月 10, 2023

Climate change, Carbon, Digital Currency Group, Entrepreneurship, Growth, Biophysical environment, Paris, DCG, Cryptocurrency, Neutral

Environmental assets, which include carbon credits, renewable energy credits, and other environmental commodities, have seen a substantial uptick in demand in recent years.

Key Points:

Environmental assets, which include carbon credits, renewable energy credits, and other environmental commodities, have seen a substantial uptick in demand in recent years.
Alongside the increased momentum in environmental asset markets, traditional market infrastructure is moving towards leveraging blockchain technology and tokenized assets for improved trade, settlement, and transparency.
In building advanced market infrastructure for the environmental asset markets of the future, Neutral stands at the intersection of these two global trends.
"We believe that tokenized environmental assets will be one of the first categories of real-world assets that are 'born' on-chain.

Fir Tree Provides Update on GBTC Litigation and Comments on Grayscale’s Continued Refusal to Conduct a Tender Offer

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星期二, 七月 11, 2023

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today announced it has reached an agreement with Grayscale Investments (together with GBTC, “Grayscale”) and has issued the below statements regarding Grayscale’s continued refusal to conduct a tender offer that would unlock value for GBTC shareholders.

Key Points:

Fir Tree Partners (“Fir Tree” or “we”), a meaningful shareholder of the Grayscale Bitcoin Trust (“GBTC”), today announced it has reached an agreement with Grayscale Investments (together with GBTC, “Grayscale”) and has issued the below statements regarding Grayscale’s continued refusal to conduct a tender offer that would unlock value for GBTC shareholders.
Thereafter, Grayscale could conduct the tender offer within the statutory 20 business day tender period.
Upon completing the tender offer, Grayscale could continue to pursue its efforts to convert GBTC into an ETF.
Grayscale could even continue to pursue its efforts to convert GBTC into an ETF upon completing a tender offer.

DeFi protocol AlloyX Raises $2M Pre-Seed Round, Launches Aggregation Platform for $530M+ RWA Loans On Chain

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星期四, 六月 29, 2023

Professional Services, Blockchain, Technology, Cryptocurrency, Web3, Finance, Fintech, Dame Alice Owen's School, RWA, Decentralized finance, Venture, Stratos, United States Treasury security, Investment, Risk, TVL, Centrifuge, Digital Currency Group

As a result, investors such as decentralized autonomous organizations (DAOs) can gain access to liquidity, yield and diversification in tokenized credit.

Key Points:

As a result, investors such as decentralized autonomous organizations (DAOs) can gain access to liquidity, yield and diversification in tokenized credit.
Compared to crypto loans or liquidity pools, tokenized credit investments typically carry an initial lockup period and lower liquidity.
Using AlloyX, investors and DeFi protocols can create strategies blending tokenized U.S. T-bills with the highest volume and deepest liquidity of RWA available to achieve attractive yields.
1 Funding raised in pre-seed round is part of AlloyX Inc. to build the AlloyX protocol, the DeFi project that aggregates tokenized credit.