| Kraken considers direct listing in 2022; NYDIG completes $100 million financing (April 9)

Odaily资深作者

2021-04-09 00:03

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According to previous news, Kraken is negotiating with investors to seek a new round of financing, which may be valued at as much as $20 billion.

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According to previous news, Kraken is negotiating with investors to seek a new round of financing, which may be valued at as much as $20 billion.

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G20 Finance Ministers and Central Bank Governors Meeting: Require Global Stablecoins to Meet Relevant Regulatory Regulations

According to official news, at the G20 Finance Ministers and Central Bank Governors video conference hosted by Italy, the presidency of the Group of Twenty (G20), issues such as the global economic situation, sustainable finance, financial sector reform and international taxation were discussed, and all parties agreed to Continue to promote the strengthening of the resilience of non-bank financial institutions, implement the roadmap on improving the cross-border payment system, and require global stablecoins to meet relevant regulatory requirements. In addition, Yi Gang, Governor of the People's Bank of China, also attended the meeting.

Kraken Considers Entering Public Markets With Direct Listing In 2022

Kraken is considering a public listing in 2022, according to Jesse Powell, CEO of cryptocurrency exchange Kraken. “We are looking at going public sometime next year. Probably a direct listing, similar to Coinbase.” Kraken is currently in talks with investors for a new funding round that could reportedly value it at as much as $20 billion . (CNBC)

Twelve cryptocurrency billionaires are on Forbes' 2021 list, up from just four last year. FTX founder Sam Bankman-Fried is the highest-ranked crypto billionaire among them, with a net worth of $8.7 billion. Other finalists include the Winklevoss brothers, founders of Gemini, Michael Saylor, CEO of MicroStrategy, Brian Armstrong, CEO of Coinbase, and others. (Cointelegraph)

digital currency

Meitu buys about $10 million in bitcoin again

Meitu announced that its wholly-owned subsidiary Meitu Hong Kong purchased a further 175.67798279 units of Bitcoin in open market transactions on April 8, 2021 under the cryptocurrency investment plan, with a total consideration of approximately US$10 million. As of the date of this announcement, Meitu Group has accumulated net purchases of cryptocurrencies worth approximately US$100 million. (Sina Technology)

New Algorithmic Stablecoin Fei Protocol Announces Closure of Destruction Incentive Mechanism

Fei Protocol, a new algorithmic stablecoin, announced to close the burning incentive mechanism to deal with the previous incentive loopholes. The team also said that turning off the mechanism would alleviate selling pressure and help restore Fei back to the anchor target.

Polkastarter 2.0 will be launched in the second quarter, supporting Polkadot and Kusama crowd lending functions
Polkastarter, the Polkastarter ecological DEX project, released the roadmap for the second quarter. The main points are as follows:
1. Polkastarter 2.0 will be launched in the second quarter with a new design and improved features.
2. Polkastarter will launch NFT Drop to provide a way to participate in the token sale. Through the NFT Farming mechanism, users will be able to pledge POLS to obtain NFTs, which provide them with the right to access Polkastarter's exclusive pool.
3. Multi-chain products will not be limited to Binance Smart Chain (BSC), but will also be extended to Polygon, Solana, Elrond, Avalanche and other blockchains.
4. The Polkastarter platform will support Polkadot and Kusama crowd lending functions.
6. The whitelist procedure will be improved, a new whitelist system will be launched, and a pledge and liquidity provision mechanism will be used.

Ethereum domain name service ENS showcases the version of the second-tier MVP based on Optimism

The Alpha version of the Immutable X trading market, the second-layer solution of Ethereum, is released. It first supports players in the blockchain card game Gods Unchained to trade "Trial of the Gods" cards, and will support other projects in the future.

Alpha version of Immutable X trading market, the second layer solution of Ethereum, released

Blockchain industry

Tencent launches e-signature platform using blockchain technology

Tencent announced the launch of the "Electronic Signature Platform", which cooperates with partners to provide enterprises and individual users with safe and convenient electronic contract signing and corresponding evidence preservation services. Through this product, users can sign an online contract with a designated party under the premise of real-name authentication, and the signing process and results will be permanently stored through blockchain technology to ensure the effectiveness of the contract. (36 krypton)

Japan's GMO Group enters the NFT market and will launch a trading platform for art and music works

The Japanese GMO Group will enter the NFT market, or will build a trading platform for art and music works within a few months. Regarding the NFT market in Japan, Coincheck first launched the beta version of the NFT market, and then the Japanese Internet company Mercari and the social giant LINE also joined in to conduct research on the NFT business. The joining of large companies shows the popularity of NFT in the Japanese market. (JP. Cointelegraph)

State Street Bank cooperates with Pure Digital to establish a digital currency trading platform, and plans to start the service in the middle of this year

State Street plans to start trading cryptocurrencies by the middle of this year and participate in the construction of a new bank-grade digital asset trading platform. State Street is the second largest bank in the United States with $3.1 trillion in assets under management. Its Currenex trading technology arm is working with London-based Pure Digital, an infrastructure provider in the forex trading space, to build an institution-focused digital currency trading platform. Pure Digital and State Street expect to begin trading cryptocurrencies in mid-2021 as they further explore the digital asset space, the companies said. (CoinDesk)

After Coinbase announced its first-quarter earnings, wealth management giant DA Davidson raised the target price of Coinbase stock by 125% from $195 to $440, which is equivalent to 20 times its expected revenue in 2021. Coinbase stock has previously received a buy rating from DA Davidson. Despite uncertainty in the bitcoin market, Coinbase Inc.'s first-quarter results proved the exchange could generate "sizable profit margins," analysts said. Coinbase will have an estimated 205.6 million shares outstanding, and while that number could change, it "does imply a market cap of $90 billion," said Gil Luria, head of research at Davidson Institution. (CoinDesk)

Investment and Financing

Riot Blockchain Acquires Northern Data Subsidiary Whinstone for Around EUR 550 Million

Northern Data AG has sold its U.S. subsidiary Whinstone Inc. to bitcoin mining company Riot Blockchain Inc. for approximately €550 million, including €67 million in cash and 11.8 million shares of Riot Blockchain Inc. common stock. Whinstone Inc. operates a Texas data center business. Upon completion of the transaction, Northern Data will own approximately 12 percent of the outstanding common stock of Riot Blockchain Inc. (DGAP)

Encrypted investment company NYDIG raised $100 million, Starr Insurance and others participated in the investment

Crypto investment firm NYDIG has secured another $100 million in funding just one month after announcing a $200 million round. The financing comes from strategic partners, including insurers Starr Insurance, Liberty Mutual Insurance and others. NYDIG, which is rapidly approaching $6 billion in assets under management, recently announced a partnership with Morgan Stanley.
Crypto investment firm NYDIG has secured another $100 million in funding just one month after announcing a $200 million round. The financing comes from strategic partners, including insurers Starr Insurance, Liberty Mutual Insurance and others. NYDIG, which is rapidly approaching $6 billion in assets under management, recently announced a partnership with Morgan Stanley.

According to reports in March, New York Digital Investment Group (NYDIG) completed $200 million in financing from Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual Life, Soros Fund Management and FS Investments. Bessemer Venture Partners and FinTech Collective, which invested in the two rounds of financing of NYDIG, are also one of the participants in this round of financing. (The Block)

British financial technology startup TrueLayer announced the completion of $70 million in Series D financing, led by venture capital firm Addition. New investors include Visionaries Club, Surojit Chatterjee (Coinbase CPO), Zack Kanter (Stedi CEO), Daniel Graf (former Google Maps high Management), David Avgi (CEO of UniPaaS, ex-CEO of SafeCharge), all major existing investors participated. TrueLayer plans to use the funds to roll out its flagship open banking network.

The9 completed financing of US$143.8 million, which will be used for the company's layout and development in the blockchain industry

Polkadot's DeFi project Equilibrium completes US$2.5 million in Series A financing, with participation from LD Capital and others

Equilibrium, a Polkadot DeFi project, completes US$2.5 million in Series A financing, with participation from KR1, LD Capital, CMS Holdings, Signum Capital, Hypersphere Ventures, Block Dream Fund under OKEx, Genesis Block Ventures, AU21 Capital, DFG Capital, PNYX Ventures, and FBG Capital .
It is reported that Equilibrium is a Polkadot-based DeFi project and a parachain candidate project. Its flagship product is a protocol similar to MakerDAO for generating mortgage stablecoins.

It is reported that Equilibrium is a Polkadot-based DeFi project and a parachain candidate project. Its flagship product is a protocol similar to MakerDAO for generating mortgage stablecoins.

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