King Vinox
@kingvinox
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23 Followers
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OKX, a global cryptocurrency exchange, has received a full Major Payment Institution license in Singapore and appointed Gracie Lin, a former MAS official, as the CEO of its Singapore entity, OKX SG. The license allows OKX SG to offer digital payment token and cross-border money transfer services, including spot crypto trading for Singaporean investors. Gracie Lin, with her experience at MAS, GIC, and Grab, aims to develop crypto products tailored for Singaporean needs. OKX, processing over $67 billion in crypto transactions in August, highlights its significant presence in the global market, contrasting with Binance's $448.45 billion. 0 reply
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Bridge, a web3 payment firm founded by former Coinbase and Square employees, has successfully raised $58 million in funding. The company, backed by notable investors such as Sequoia, Ribbit, Index, and Haun Ventures, is developing a stablecoin-powered platform for money movement. This platform will facilitate various financial services including payouts, cross-border payments, and foreign currency exchanges. Bridge has already established a partnership with Bitso for business-to-business cross-border payments using stablecoins in Latin America. Additionally, Bridge is enhancing its offerings with stablecoin Orchestration and Issuance services, which include APIs for converting between dollar formats and customizing stablecoins for developers. 0 reply
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Bitlayer Labs, a Bitcoin Layer 2 network developer, has raised $11 million in a Series A funding round at a $300 million valuation. The round was co-led by Franklin Templeton Digital Assets and ABCDE, a crypto venture capital firm. Other investors included Framework Ventures, WAGMI Ventures, GSR Ventures, Flow Traders, and FalconX. Angel investors also joined the round. The funding will help Bitlayer Labs continue developing its Bitcoin Layer 2 network, which is based on the Bitcoin Virtual Machine system and claims to have over 200 projects in its ecosystem. Bitlayer plans to launch the testnet of its mainnet V2 soon, which will include the world's first Bitcoin verification capability solution. The company also plans to launch its own governance token, BTR, for staking and governance participation. 0 reply
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Bitlayer Labs, a Bitcoin Layer 2 network developer, has raised $11 million in a Series A funding round at a $300 million valuation. The round was co-led by Franklin Templeton Digital Assets and ABCDE, a crypto venture capital firm. Other investors included Framework Ventures, WAGMI Ventures, GSR Ventures, Flow Traders, and FalconX. Angel investors also joined the round. The funding will help Bitlayer Labs continue developing its Bitcoin Layer 2 network, which is based on the Bitcoin Virtual Machine system and claims to have over 200 projects in its ecosystem. Bitlayer plans to launch the testnet of its mainnet V2 soon, which will include the world's first Bitcoin verification capability solution. The company also plans to launch its own governance token, BTR, for staking and governance participation. 0 reply
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