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AMM Saddle Finance Raises $4.3M from Framework, Polychain and Electric Capital

20 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Automated Market Maker (AMM) Saddle Finance has raised $4.3 million in a seed funding round, according to an announcement made on Jan. 19. Framework Ventures, Polychain Capital and Electric Capital led the $4.3 million funding round for Saddle Finan...

Goldman Sachs Considering Crypto Custody Services

19 Jan 2021 1 minute read 6 comments Abhimanyu Krishnan

Multinational investment bank Goldman Sachs is reportedly looking into offering crypto custody services, according to CoinDesk, which was told by a source that it had issued a request for information (RFI) in Jan. 2021. Goldman’s early forays into c...

Asset Management Firm Ruffer Doubles Down on $745M Invested in Bitcoin

19 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

In a periodic report published on Jan. 18, UK-based asset management firm Ruffer Investments acknowledged its BTC investment.  Ruffer had previously called Bitcoin “a small but potent insurance policy”, the firm said that it “brings something signif...

Alameda Research Invests $50M in Crypto-supporting Travel App Maps.me

19 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Quantitative trading firm Alameda Research led a $50 million investment round in travel app, Maps.me, according to a press release issued on Jan. 18. Alameda Research, joined by Genesis Capital and CMS Holdings, invested the sum to help boost the gr...

AC Milan to Launch ACM Club Token Following Partnership with Chiliz

19 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Italian football team AC Milan has partnered with Sports-focused cryptocurrency project Chiliz, and will release a club-based token on the latter’s sports platform Socios, according to an official announcement from the club on Jan. 18.  The multi-ye...

AMPL One Step Closer to Aave

18 Jan 2021 1 minute read 6 comments Abhimanyu Krishnan

Ampleforth (AMPL) co-founder Brandon Iles has provided an update on the listing of AMPL on Aave. In a post made on Jan. 15, Iles said that a formal AIP had been created and that initial testing is underway. Brandon Iles first suggested the addition...

Polkadot Flips XRP, LINK to Surpass Bitcoin Cash

18 Jan 2021 1 minute read 3 comments Abhimanyu Krishnan

The ongoing bull market has shaken up the top 10 tokens by market cap, with Polkadot (DOT) overtaking XRP and Chainlink (LINK) briefly surpassing Bitcoin Cash (BCH). As of Jan. 18, DOT remains 4th ahead of XRP while Link is 9th behind BCH. At a pric...

Scaling Solution Optimistic Ethereum Launches on Mainnet

18 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Ethereum scaling solution development company Optimism announced on Jan. 16 that it had launched the Optimistic Ethereum solution on the mainnet, taking the first step in a soft launch that the team said would see multiple development iterations. Th...

Former Canadian PM: Bitcoin Could Possibly Be a Reserve Currency

18 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Former Canadian PM Stephen Harper, who led the country between 2006 and 2015, said in an interview with Cambridge House on Jan. 17 that it was possible that Bitcoin and CBDCs could replace the dollar as a reserve currency. Harper was interviewed by...

Grayscale's Products Raise $700M in 1 Day

18 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Grayscale Investments CEO Michael Sossenheim revealed on Twitter that the firm reported its largest-ever single-day raise on Jan. 15, drawing in $700 million into its investment products. Sossenheim said that the inflow indicates that momentum is ga...