OpenFX, a fintech startup aiming to modernize foreign-exchange markets, raised $94 million in fresh funding as it looks to expand the use of stablecoins in global payments. The round was led by Accel, Lightspeed Faction, M13, Northzone and Pantera, and values the company at around $500 million, Reuters reported, citing sources familiar with the process.
In a landmark decision reported by Cubadebate on April 10, 2025, the Central Bank of Cuba (BCC) has for the first time authorized 10 specific companies to use cryptocurrency for settling international payments. This pivotal move signals a strategic shift in Cuba’s approach to global finance and domestic economic challenges. Consequently, it marks a significant
The geopolitical tensions are pressuring economies worldwide. The Philippine peso sank to 60.8 per dollar on Monday. The currency extended a March slide that has erased over 5% of its value. Bloomberg reported that the Bangko Sentral ng Pilipinas (BSP) said its currency market intervention remains limited “to tempering large swings that could affect inflation
Ella Hough, a Cornell University senior and Bitcoin advocate, published an interactive calculator modeling Strategy’s STRC preferred stock as a retirement alternative to Social Security. Among Ivy League and top-tier schools, Cornell stands out as one of the largest in terms of scale and student body size while maintaining elite academic prestige. This is why
For over a year, trading Hashdex’s diversified crypto ETF was like riding an amusement park without seatbelts. Investors could speculate, but if the market fell, there was little protection. That’s now changed. Options on the Hashdex Nasdaq CME Crypto Index ETF (NCIQ) went live on Nasdaq on Monday, providing investors a way to hedge, generate
Keyrock, a Brussels-based digital asset services firm, has raised a Series C round led by SC Ventures, the venture arm of Standard Chartered, at a valuation of $1.1 billion, the company said in a press release Tuesday. Ripple, which provides blockchain-based enterprise infrastructure, also participated in the fundraising as an existing backer. The funding round
With global uncertainty reaching historic highs and tensions escalating in the Middle East, leading figures in the financial world discussed the major disruptions in Bitcoin, gold, and oil markets. Strategists who came together on the channel “The Wolf Of All Streets” examined the new economic era awaiting investors. Highlighting the extreme uncertainty in the markets,
The International Monetary Fund (IMF) has issued a striking warning about the impact of the war launched against Iran in the Middle East on the global economy. A blog post published by the institution’s chief economists stated that the conflicts that began with the US and Israeli attacks on February 28 have weakened the outlook
Crypto exchange-traded funds (ETFs) faced a difficult week, with bitcoin and ether posting heavy outflows. Smaller assets showed mixed resilience, with $XRP attracting modest inflows. Crypto ETFs Slide as Bitcoin, Ether Post Heavy Weekly Losses The last full trading week of March began with promise, but it did not end that way. What started as