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Cross-chain protocol Wormhole closes $225 million funding round at $2.5 billion valuation

Cross-chain protocol Wormhole closes $225 million funding round at $2.5 billion valuation

Also announced was the launch of Wormhole Labs, an independent technology company that became the core contributor to Wormhole. 

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Blockchain Messaging Platform Wormhole Raises $225M at $2.5B Valuation

Wormhole, which was recently separated from parent Jump Trading Group after it scaled back its crypto operations, is a developer platform which allows different blockchain networks to communicate with each other.

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Paxos expands to Abu Dhabi with two new in-principle approvals

Paxos received two in-principle approvals in Abu Dhabi and is set to issue new stablecoins and offer crypto services from the ADGM.

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Crypto Custody Firm Copper to Start Digital Securities Brokerage in Abu Dhabi

Copper Securities is working with Abu Dhabi’s Financial Services Regulatory Authority to have the appropriate approvals in place by early 2024.

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Republic to List Profit-Sharing Digital Security Token on INX Next Week

The token will be accessible to retail investors who don’t usually have the opportunity to invest in private companies without large checks and accreditation.

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BNB Chain’s OpBNB Developers Look to More Than Double Speed in New Roadmap

The roadmap paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain.

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Polygon Capital-backed Bioniq to leverage Internet Computer with new Bitcoin Ordinals marketplace

Utah-based Bioniq unveils Bitcoin Ordinals marketplace using Internet Computer to reduce transaction cost.

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Sei blockchain to add Ethereum Virtual Machine support in V2 upgrade

The planned V2 upgrade will allow developers to port over Ethereum-based contracts to the Sei network and use them on it.

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First Mover Americas: Standard Chartered Bank Thinks BTC Will Reach $100K by End of 2024

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Soccer star Cristiano Ronaldo sued for allegedly promoting unregistered securities on Binance

Ronaldo faces a class action lawsuit for allegedly promoting unregistered securities in partnership with Binance.

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