Bee Maps, the decentralized mapping project powered by Hivemapper, has raised $32 million in fresh funding to expand its global contributor network and scale its infrastructure, it announced Monday. The round was led by Pantera Capital, LDA Capital, Borderless Capital and Ajna Capital, marking one of the largest financings in the decentralized physical infrastructure (DePin)
Bernstein initiated coverage of Figure (FIGR) with an outperform rating and a $54 price target, calling it a leader in bringing blockchain to credit markets, the broker said in a Monday report. The stock was 2% higher in early trade, around $41.10. Bernstein said Figure is doing for lending what stablecoins did for payments, tokenizing
Shares of Galaxy Digital rose 8% in premarket trading Monday as the company rolled out GalaxyOne, a mobile and web platform built to give retail investors access to a blend of cash, crypto, and equity investing tools, with yield at the core. The app gives users access to FDIC-insured high-yield cash accounts, crypto trading, and
The sharp rise in stablecoin usage could drain as much as $1 trillion from emerging market banks over the next three years as savers seek the safety and liquidity of dollar-pegged digital assets, Standard Chartered said in a Monday report. Stablecoins are giving households and companies in developing economies an alternative to local banks, accelerating
Nic Carter believes that, given the new opportunities and realities in the stablecoin industry, the market is set to expand and empower new actors. He points out that yield will be one of the disruptions powering this expansion. Analyst: Yield Will Push a Stablecoin Explosion Disrupting the Current Duopoly Things are starting to change in
Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken and Robinhood that offer both cryptocurrency and equities trading. The service, called GalaxyOne, has a dedicated mobile app, the company said in a press release, while highlighting features that
Grayscale IPO returns to headlines as Barry Silbert pursues a reported $33 billion listing amid resurging lawsuits tied to Genesis. Market chatter, per Cryptonomist reporting, has placed the valuation near $33 billion. Investors are watching regulatory implications. Summary What is the expected timeline and Grayscale IPO valuation? Why does the term Barry Silbert Grayscale keep
Digital asset investment products saw massive inflows last week. With total net investments reaching $5.95 billion, according to CoinShares data. This marks the largest single week inflow in history for crypto funds. Strong market sentiment was driven by a combination of weak employment data. A delayed response to the Federal Reserve’s interest rate cut. With
The Smarter Web Company, the UK largest publicly traded firm holding Bitcoin on its balance sheet. It has raised a total of £12.3 million through a combination of a £9.7 million placing and a £2.6 million subscription. The announcement was made on October 6 through two official RNS filings. The company, listed on Aquis Exchange
Venezuela is facing one of the highest inflation rates in the world. Inflation in the country has reached 229%, making the national currency, the bolívar, nearly worthless, reports Cointelegraph. Many Venezuelans are now turning to USDT (Tether) as a safer alternative. Merchants are also pegging prices to Binance P2P dollar rates, treating USDT as the