Mumbai-based digital assets exchange WazirX witnessed record-breaking activity this year, as investors from smaller Indian cities joined the crypto bandwagon despite lingering regulatory uncertainty and market volatility. The Binance-owned entity registered annual trading volume of over $43 billion, marking a stunning 1,735% growth over 2020, according to a report published by the exchange and shared […]
Archives for December 2021
Robinhood Working on New Crypto Gifting Feature: Report
Code discovered in a beta version of Robinhood’s iPhone app reveals the popular no-fee trading platform is considering adding a feature that allows users to send cryptocurrency to each other via digital gift cards, according to a Bloomberg report. The cards can be accompanied by messages up to 180 characters long, and the money can […]
The Senate’s Arguments Against Stablecoins
This episode is sponsored by NYDIG. Download this episode Today on “The Breakdown,” NLW looks at the recent U.S. Senate Banking Committee hearing on stablecoins. More contentious than the previous week’s House Financial Services Committee hearing on crypto, NLW argues the hearing helps us understand the current arguments against stablecoins from some of their most […]
Crypto Lender Ledn Raises $70M in Series B Round, Readies Bitcoin-Backed Mortgage Product
Cryptocurrency lending platform Ledn raised $70 million in a Series B funding round at a $540 million valuation, and plans to use some of the capital for its new bitcoin-backed mortgage product. 10T Holdings led the funding round, which included Golden Tree Asset Management, Raptor Group and FJ Labs. 10T’s CEO Dan Tapiero will be […]
Dogecoin Leads Gains as Crypto Markets Show Muted Recovery
Cryptocurrency prices showed signs of recovery across the board on Wednesday after almost a week of declines. Dogecoin led growth among cryptos with large market values, rising for a second day. Prices of the memecoin had jumped Tuesday after Tesla CEO Elon Musk tweeted that the electric-car maker would start accepting it as payment for […]
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