Web3Auth, a crypto infrastructure provider for Web 3 wallets, has raised $13 million in a Series A round led by Sequoia Capital India.
The Series C funding round was co-led by Alameda Research and DeFi Technologies.
The de facto central bank is seeking industry views on its regulatory approach.
Bitcoin’s put-call risk reversals recede, signaling waning demand for downside protection.
Large-cap altcoins like fantom have jumped as high as 21% in the past 24 hours.
Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.
A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.
CoinDesk: Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition
2TM, the holding company for Mercado Bitcoin, acquired CriptoLoja, Portugal’s first licensed crypto exchange as step one in its plans to expand into Europe.
Citing an increase in litigation and legal threats toward bitcoin developers, Block founder and CEO Jack Dorsey proposed a legal defense fund.
The Bram Cohen-founded company also said that it would partner with Stably to introduce the first dollar denominated stablecoin on its blockchain.
CoinDesk: First Mover Asia: Bitcoin, Altcoins Climb Following Fed Reserve Chief’s Inflation Reassurances
The head of the U.S. Central Bank, Jerome Powell, told the Senate Banking Committee that the Fed would continue its tactics to combat rising inflation.
The Federal Reserve’s highly-anticipated report on cryptocurrencies and central bank digital currencies (CBDCs) – initially slated to come out last September – will be released “within weeks,” Fed Chair Jerome Powell told the U.S. Senate on Tuesday.