Binance Labs announced on Tuesday that it made an investment in pSTAKE Finance, a liquid staking protocol developed by Persistence.
Binance Labs, the venture capital arm of Binance, the world’s largest crypto exchange by trading volume, has secured $500 million in investment funds.
Binance has announced a new $500 million lending facility to support struggling public and private bitcoin miners.
Binance, the world’s largest crypto exchange by volume, has partnered with the Fintech Founders, a network of the UK’s leading fintech founders.
Binance has partnered with the payments technology company, Paysafe to fully reopen payment transfers with two major fiats, EUR and GBP.
French casino and hotel business, Groupe Partouche, has partnered with MeReal Biometrics for use of the company's smart cards; the smart cards from MeReal Biometrics are a featured product at the Web Summit this week; employees of Groupe Partouche will begin using the fingerprint identity cards in select locations and expansion is expected to more locations and guests if successful. Source
Privacy is a running concern with potential users of a retail CBDC. BIS have announced the launch of a project to resolve them.
German-based marketplace lender Bitbond has partnered with African payments provider BitPesa to improve the lending experience for small and medium enterprise (SME) borrowers; Bitbond will enhance the blockchain lending services of its platform by incorporating cross-border payments through BitPesa; the BitPesa payments platform can make payments in 20 minutes and is now live in Kenya, Nigeria, Uganda and Tanzania. Source
Marketplace lender, Bitbond, has been an industry leader, providing the first global P2P lending platform for small businesses and now known as the world's first P2P lender allowing transactions with digital currency; Radoslav Albrecht, Bitbond's founder, sees digital currency, and specifically Bitcoin, as an opportunity to expand lending availability to borrowers and help returns for investors; Bitbond is able to offer digital currency transactions through its licensing from the German Federal Financial Supervisory Authority which took three years and required in-depth investigation of the company's operations including their know your customer and anti-money laundering procedures. Source
Bitcoin (BTC) is currently going through one of the worst corrections in its history.