The initiative will be based at Hub71 in the Abu Dhabi Global Market financial district. FABRIC, the research and development hub of the First Abu Dhabi Bank (FAB), is the anchor partner of the initiative, which also includes crypto exchanges and service providers. Author: Brandy Betz Source link
Author: Brandy Betz
Stealthy Crypto Hedge Fund Edge Capital Raises $66.8M for DeFi Bets
The firm was founded in early 2020 by Vadim Khramov and headquartered in Boca Raton, Florida, according to LinkedIn and SEC filings. While Khramov refers to the firm as a hedge fund, the SEC filings don’t have that box checked, instead indicating “other” for the type of investment fund. Prior to Edge Capital, Khramov was active at various TradFi firms, including a macro hedge fund and Bank of America Merrill Lynch in London, according to his LinkedIn profile. Author: Brandy Betz Source link
Crypto Exchange Uniswap Labs Raises $165M in Polychain Capital-Led Round
The funding will advance Uniswap’s web app, developer tools and NFT projects. Author: Brandy Betz Source link
Goldman Sachs Makes Its First Bitcoin-Backed Loan
The global investment bank allowed a borrower to use the cryptocurrency as collateral for a cash loan. Author: Brandy Betz Source link
Pantera Joins $3.7M Round for Solana Lending Protocol Hedge
“Currently, there is a huge opportunity in the Solana ecosystem because 80% of Solana is not locked in DeFi,” Hedge co-founder and CEO Sebastian Grubb said in a statement. “With Hedge we’re really trying to upgrade the whole Solana DeFi ecosystem. We want to help users unlock more liquidity and better leverage their assets without having to exit their positions.” Author: Brandy Betz Source link
Prime Trust Hires Secret Service Veteran to Head Regulatory Affairs
For his part, Sheridan spent more than two decades working for the United States Secret Service, including the presidential protective detail for President George W. Bush. Toward the end of his Secret Service career, Sheridan was the assistant director for the Office of Investigations and Legislative Affairs, which oversees 161 offices and over 3,000 personnel. Author: Brandy Betz Source link
A16z Alum Katie Haun Raises $1.5B for 2 New Crypto Venture Funds
The money is being split between an early-stage fund and an “acceleration” fund. Author: Brandy Betz Source link
FTX US Acquires Good Luck Games Amid Gaming Push
The developer of the upcoming card battle game Storybook Bawl will become a part of the newly formed FTX Gaming division. Author: Brandy Betz Source link
Polychain Leads $22M Investment in NFT Appraisal Protocol Upshot
The project wants to bridge the worlds of DeFi and NFT. Author: Brandy Betz Source link
FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments
Dave (DAVE), a publicly-traded banking app, has made a strategic partnership with FTX US, the stateside arm of cryptocurrency exchange giant FTX. The company also received a $100 million investment from FTX Ventures, the exchange’s $2 billion venture capital fund. Author: Brandy Betz Source link