Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

The fundraising also involved Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Asymmetric Ventures and Dan Held, and DCF God, Thesis said Tuesday. Mezo is a “permissionless Bitcoin economic layer that leverages a neutral smart contract infrastructure” to offer a wide range of applications for users, Thesis said. It is designed to amplify … Read more

Solana Leads in Blockchain Payments, Faces Limitations, as Stablecoin Market Expands: Bernstein

Solana is conducting pilots with Visa and Shopify, but it’s unclear whether the blockchain can break into more mainstream consumer and business-to-business payments, which would require a massive jump in scalability, the note said. “Scalability requirements for consumer payments would require 15-20 fold growth from here (Solana ~700 TPS versus 10K+ for payment networks), and … Read more

DeFi Firm 1inch Introduces Web3 Debit Card in Partnership With Mastercard and Baanx

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a … Read more

Metaplanet Shares Soar as Japanese Firm Adopts Bitcoin (BTC) Buying Policy

The strategy also mimics that of Tysons Corner, Virginia-based MicroStrategy, the software developer that in 2020 said it would start building up its holdings of bitcoin. Since then, its stock price has often mirrored the fluctuations in bitcoin’s price, reflecting investor sentiment toward the cryptocurrency market. It is now the largest corporate owner of bitcoin, … Read more

Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do

While Senators weigh the merits of Adeyemo’s important testimony, they should also weigh the consequences of more than five years of U.S. policy inaction in regulating the very wayward corners of the crypto industry that pose the greatest threats to consumers, markets and, indeed, national security. U.S. policymakers and regulators, from Treasury Secretary Janet Yellen, … Read more

Crypto Trader Eisenberg’s $110M Fraud Trial to Put DeFi Under Microscope

In court on Monday, prosecutors and defense teased upcoming testimony from Mango’s founder, Dafydd Durairaj. He spoke with a ransomware negotiator for assistance in the wake of Eisenberg’s trade, prosecutors said. This fact, they argued, could help the jury understand that Durairaj did not view the negotiations as an “arm’s-length” deal between two parties, but … Read more

Ether (ETH) Rallies to $3.6K as Bitcoin (BTC) Holds Steady at $71K

Some traders were positioned for bitcoin leadership after the ether-bitcoin ratio dipped below key support last week. As such, ETH’s market-beating rise has brought rapid adjustment in market positioning, leading to a sharp uptick in the perpetual funding rates or cost of holding long/short positions, Singapore-based QCP capital explained in a note on Telegram. The … Read more