Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
The company plans to reach $16 million by the end of a second closing.Source
Archive for month: August, 2024
Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token
Users can deposit their wBTC to get swBTC in return, with yield expected to start flowing from mid-September – as part of a blockchain “restaking” scheme ultimately designed to secure protocols in the Ethereum blockchain ecosystem.Source
Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
The broker upgraded the bitcoin miner’s shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.Source
CoinDesk 20 Performance Update: RNDR and SOL Propel Index to a 1.3% Increase
Render climbs 3.3% while Solana adds 3.0%, helping drive the index upward.Source
Thailand’s PM Removed, But Crypto Policies Likely to Remain ‘Largely’ Unaffected in Political Uncertainty
Thailand Prime Minister Srettha Thavisin’s shock removal from office by a court on Wednesday may not impact crypto rules in the nation, even if some policy implementations may be affected, experts told CoinDesk.Source
Sahara AI, Blockchain Project Tackling Copyright and Privacy, Raises $43M
The large funding round was led by Pantera Capital, Binance Labs and Polychain Capital and included participation from Samsung, Matrix Partners, Foresight Ventures and others.Source
First Mover Americas: BTC Tops $61K, But Traders Remain Cautious
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Crypto Is a ‘Purple Issue’: Circle’s Jeremy Allaire
The Circle CEO cited prior bi-partisan work on stablecoin legislation and FIT21 as proof crypto doesn’t belong to a particular political partySource
Pump.Fun’s Removal of $2 Issuance Charge Pushes Daily Fees to All-Time Highs, But Users are Unhappy
The viral application allows anyone to issue a token on the Solana blockchain. It recently dropped a fee it charged for doing so, leading to thousands of “rugs” being created and attracting a spike in complaints.Source