Asset management firm Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT), according to a new regulatory filing. Arca, which had a total of $500 million in assets under management as of the third quarter, began accepting investments in the Arca NFT Fund on Nov. 15 and has so far raised $11.4 […]

Blockchain-based game developer Blockade Games has raised $5 million in a funding round at a $23 million valuation, the company announced on Wednesday. The investment round was led by Hong Kong’s Animoca Brands, a regular fixture in most metaverse funding rounds these days. Animoca Brands also announced on Wednesday that it led a $18 million […]

PayPal offering crypto services will go down as one of the digital asset industry’s biggest wins to date, even if it did take over seven years to arrive. Here’s how it all happened. PayPal is a global e-commerce payments platform founded in 1998 by Peter Thiel, Luke Nosek and Max Levchin. Originally known as “Confinity […]

The head of the powerful U.S. Senate banking committee sent letters to stablecoin issuers and exchanges seeking information on how companies are protecting consumers and investors amid the risks highlighted in the recent report by the President’s Working Group on Financial Markets. Sen. Sherrod Brown, Chair of the U.S. Senate Committee on Banking, Housing, and […]

Polygon (MATIC) is the native cryptocurrency that powers the Polygon Network, a layer 2 platform created in 2017. Originally called the Matic Network, the Polygon Network allows developers to create and deploy their own blockchains that are compatible with the Ethereum blockchain with a single click, as well as enables other Ethereum-based projects to transfer […]