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Blockchain Bites: Mastercard, BNY Mellon Embrace Crypto; Amazon Floats ‘Digital Currency’ Project

Blockchain Bites: Mastercard, BNY Mellon Embrace Crypto; Amazon Floats ‘Digital Currency’ Project

Recently deceased porn mogul Larry Flynt once said, “Hypocrisy is a detriment to progress.” His story may have something to offer crypto.

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Framework Ventures’ DeFi Fund Booms as Tech Team Staffs Up

The studio’s flagship ventures fund increased in value from $14 million to $300 million.

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Banks Likely to Adopt Stablecoins Cautiously Despite Guidance

Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers.

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Bitcoin News Roundup for Feb. 11, 2021

With BTC setting a new record above $48K and Mastercard implementing crypto payments, CoinDesk’s Market Daily is back with the latest news roundup.

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Reflexer Labs Raises $4.4M to Build Out ETH-Backed Stable Asset, RAI

Pantera and Lemniscap co-lead a bet on stability in DeFi without the U.S. dollar.

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Kraken launches venture unit to invest in crypto and fintech startups

Crypto exchange Kraken has launched the venture unit to invest in crypto and fintech startups.

The post Kraken launches venture unit to invest in crypto and fintech startups appeared first on The Block.

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Avalanche Developers Rush Client Patch as ‘Bug’ Slows Blockchain Transactions

A “cross-chain finality” bug has forced the network into “self-healing mode.”

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Alabama Man Charged Over SIM Swap Hacks That Stole $150K in Crypto

Joseph Chase Oaks allegedly used SIM-swap hacks to access victim’s online accounts between August 2018 and October 2019.

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Excess cash may be one reason American companies are eyeing bitcoin

Quick Take

  • S&P 500 firms are sitting on more than $1.3 trillion in cash.
  • Firms including Genesis Global and Coinbase are trying to get them to join MicroStrategy, Square, and Tesla in buying bitcoin.

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SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.

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