TransCrypts, a blockchain startup building tools for people to own and share verified credentials, has raised a $15 million seed round led by Pantera Capital. The round included Lightspeed Faction, Alpha Edison, Motley Fool Ventures, and a mix of returning investors such as Mark Cuban and Protocol Labs. The funding follows a strong summer for
In an interview with CNBC, International Monetary Fund (IMF) Managing Director Kristalina Georgieva highlighted the uncertainty surrounding the global economy, stating that markets should accept this situation as a “new normal.” Georgieva also said the Fed may need to cut interest rates further as part of its balance between fighting inflation and supporting growth. Assessing
Shayne Coplan, the founder and CEO of premier prediction market Polymarket, is the youngest self-made billionaire at 27-years-old, according to Bloomberg. Coplan’s ascent comes after Polymarket was valued at $9 billion following a $2 billion investment from the NYSE owner, Intercontinental Exchange, also referred to as ICE. Coplan joins a prestigious list of crypto billionaires,
The minutes of the meeting containing details about the FED’s 25 basis point interest rate cut decision taken last month have been published. Here are all the details you need to know from the minutes: Few officials felt it was advisable not to cut interest rates in September. One participant supported a half-point rate cut
Minutes from the Fed’s September meeting may indicate that officials are beginning to consider ending the balance sheet reduction plan. The Fed cut interest rates by 25 basis points at its last meeting. The minutes of that meeting will be released today at 10:00 PM (UTC+3). The Fed, which reversed the expansionary policies implemented during
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: BTCFi’s Big Problem: 77% of Bitcoin Holders Haven’t Even Tried It, Says Survey Ethereum’s Fusaka Upgrade Passes Holesky Test, Moves Closer To Mainnet DoubleZero Mainnet Goes Live With 22%
YZi Labs, the venture office of Binance co-founder Changpeng Zhao and formerly known as Binance Labs, is creating a $1 billion fund to support long-term builders in the BNB ecosystem, the firm announced on Wednesday. The fund will focus particularly on builders developing on BNB Chain in areas like trading, real-world assets, artificial intelligence, and
375ai raised $10 million across multiple rounds, Blockworks has exclusively learned. It raised $5 million in a round led by Delphi Ventures, Strobe Capital and HackVC. 6MV, ARCA, EV3, Peaq and Heartcore also participated in rounds to bring the total to $10 million. The project, as CEO Harry Dewhirst explained to Blockworks, captures data in
Nick Szabo, the computer scientist, cryptographer, and legal scholar famed for introducing the concept of “smart contracts,” is jumping into the Knots vs. Core debate. Szabo cautions that this change effectively invites more non-financial—and potentially shady—data to be etched onto the blockchain for everyone to see. Szabo’s Warning Ignites Debate Over Bitcoin Core v30 Nick
Square, the merchant services arm of Block Inc., has launched Square Bitcoin, a fully integrated BTC payment and wallet solution built directly into its commerce platform. Notably, the product allows local businesses to accept BTC payments at checkout, automatically convert part of their daily sales into Bitcoin. Simplifying Bitcoin for Everyday Businesses This rollout is