A new chain has broken into the top 10 rankings by total value locked (TVL), and it only took a week to get there. According to data compiled by DeFi Llama, Elrond – a layer 1 smart-contract platform that leverages the web assembly (WASM) virtual machine – is now the 10th largest decentralized finance (DeFi) […]

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 […]