Crypto .com launching NFT platform with exclusive content from artists

Cryptocurrency exchange Crypto .com will be launching a non-fungible token platform this Friday featuring content from major artists, athletes, and musicians. In an announcement today, Crypto .com said it would be introducing a non-fungible token, or NFT, platform with exclusive content from famous artists and musicians. Anyone — not just Crypto .com users — will be able to buy, trade, and resell NFTs featuring work from Snoop Dogg, Boy George, Klarens Malluta with Lionel Richie, Mr. Brainwash, OPUS, BossLogic, Axel Mansoor, KCamp, KLOUD, Aston Martin Cognizant Formula OneTM, and others.…

Crypto-friendly trading platform eToro to go public via $10B SPAC merger

Crypto-friendly trading platform eToro appears to be making firm moves toward achieving its goal of going public in the United States. According to a press release issued on Tuesday, eToro is in talks with FinTech Acquisition Corp V — a special-purpose acquisition company, or SPAC, owned by veteran Philadelphia banker Betsy Cohen — toward a $10 billion merger. Both companies are looking to raise equity to the tune of about $650 million to facilitate the deal. Softbank Vision Fund 2 and Fidelity Management and Research Company are among the investors…

Hacker makes off with $5.7m after ransacking social token platform

Social token platform Roll suffered a hot wallet breach, resulting in hackers draining at least 3,000 ETH worth $5.7 million on March 15.  At roughly 8am UTC, digital asset management platform MyCrypto reported that a hacker may have compromised the private keys for Roll’s hot wallet, allowing them to transfer funds from users’ accounts at will. After approximately 12 hours, Roll responded to the attack, announcing the hacker had stolen and liquidated a large number of tokens, and that withdrawals had been suspended across the platform: “The attacker has sold…

Crypto platform FalconX raises $50M on the back of institutional adoption

FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that digital assets are becoming more mainstream.  FalconX didn’t specify how the funds would be deployed, but if it’s anything like previous fundraisers, the money will likely go towards business development. FalconX raised $17 million in May 2020 to finance several growth initiatives, including adding new infrastructure and expanding its product offerings. At the time, FalconX told Cointelegraph that it uses data science to provide a more…

South Korean Shinhan Bank pilots digital currency platform with LG CNS

Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency. Shinhan Bank has developed a blockchain-based pilot platform for a central bank digital currency, or CBDC, in partnership with LG Corporation’s IT services arm LG CNS, South Korean news agency Yonhap reports Monday. Shinhan Bank and LG CNS created a virtual CBDC model where the Bank of Korea issues a CBDC, while other banking institutions like Shinhan Bank act as financial intermediaries. The bank emphasized that CBDC intermediaries…

Case examiner says Cred platform hired escaped prisoner as CFO

Bankrupt cryptocurrency lending platform Cred Inc is believed to have unwittingly appointed a prison escapee as its Chief Financial Officer. A report filed by examiner Robert Stark of Brown Rudnick LLP on March 8 asserts that former Cred CFO James Alexander has been identified by U.K. authorities as a financial fugitive who had been sentenced to more than three years imprisonment in December 2007. Stark said: “At the time of his incarceration, there was a prison break at this facility. Mr. Alexander has been identified by the UK government as…

Deutsche Borse’s platform Xetra to list its first Ether ETPs

Deutsche Borse’s electronic trading platform, Xetra, is preparing to launch its first Ether (ETH)-based exchange-traded products, or ETPs. According to data from Xetra, the platform is set to debut trading of two Ether ETPs — ETC Group’s Ether exchange-traded commodity, or ETC, product (ZETH) and 21Shares’ Ethereum ETP (AETH) — on Tuesday. A spokesperson for Deutsche Borse told Cointelegraph that the two products will be the first Ether ETPs to ever be listed on Xetra. Alongside AETH, Xetra will be also listing 21Shares’ Bitcoin Cash (BCH) ETP, the firm’s global…

This trading platform has a novel approach to welcoming new users

A fully regulated brokerage with more than 100,000 users globally has introduced a novel way of welcoming new customers to its platform. Quantfury says users who invite their friends to join the platform will receive stock or cryptocurrency as a reward — with a value of anywhere between $10 and $250 — and their friends will receive the same. According to the company, this could deliver some interesting opportunities that a user may not have contemplated before… such as owning Facebook or Google stock, or gaining exposure to Bitcoin or…

Unslashed Finance raises $2M for crypto insurance platform

Unslashed Finance, a decentralized insurance protocol built on Ethereum, has raised $2 million to fund its tokenized insurance product, highlighting another positive use case for blockchain technology.  The funding round, which was led by Lemniscap, P2P Capital and other investors, will aid Unslashed Finance in expanding its decentralized insurance protocol for crypto assets. The protocol works by connecting people willing to buy insurance for their assets and investors seeking to earn an uncorrelated yield. Unslashed claims that its protocol enables “almost instant liquidity to insurance buyers and risk underwriters,” as…

Cointelegraph launches Markets Pro crypto intelligence platform, powered by The TIE

Cointelegraph Markets Pro, a data platform designed to level the playing field for cryptocurrency market participants, is now available to the public following a successful live testing period. The platform, which has been in development for a year, is the result of exhaustive analysis of the crypto markets and the key drivers of asset price movements. It was developed jointly by Cointelegraph and The TIE, a leading provider of crypto data, analytics and software that counts major hedge funds, market makers and over-the-counter desks among its clients. Testing the VORTECS…