Barclays, Goldman Sachs invest in crypto trading platform Elwood

Barclays, Goldman Sachs invest in crypto trading platform Elwood
Elwood valuation reached at around $500 million post the Series A funding round Banking titans, Goldman Sachs and UK’s Barclays have reportedly joined a Series A round worth $70 million for the institutional crypto trading platform Elwood Technologies. Reportedly, the round – that also involved crypto investment manager Dawn Capital, and Galaxy Digital, along with crypto-friendly German bank Commerzbank – valued Elwood at aro

Ethereum to see major price drop before its recovery, predict experts

Ethereum to see major price drop before its recovery, predict experts
Cryptocurrency analysts, investors, and big market players argue that Ethereum (ETH) could fall and break down before the altcoin begins its recovery.  Bitcoin (BTC) capitulation could be followed by ETH, before the asset begins its 5th wave and makes a comeback. In the cryptocurrency market, the Bitcoin (BTC) price recently went through a negative impact. Analysts suggest that Ethereum, another famous and popular cryptocurrency, c

CoinDCX unveils investment unit to back early-stage crypto startups

CoinDCX unveils investment unit to back early-stage crypto startups
CoinDCX, India's largest cryptocurrency exchange, has recently launched an investment unit, named CoinDCX Ventures, to support and fund initial stage blockchain and crypto startups in India. According to the company, its investments in this space would include a wallet solution, Web3 notification protocol, cross-chain bridge protocol, Web3 social engine, and distributed storage and computing protocol. The company is planning to deploy $

Sony & Theta Labs partner over launching 3D NFTs for SR Display

Sony & Theta Labs partner over launching 3D NFTs for SR Display
Japanese tech conglomerate, Sony is collaborating with Theta Labs, the inventor of Theta blockchain, to launch 3D non-fungible token (NFT) assets that are developed for the Sony Spatial Reality (SR) Display and are designed for 3D viewing. Confirming the move, Sony said that it is planning to issue ten “Tiki Guy” NFTs, and is working on two-dimensional variants as well. For the record, Sony SR (Spatial Reality) Display is a tabl

Nukkleus rebrands itself as a blockchain & fintech business

Nukkleus rebrands itself as a blockchain & fintech business
Nukkleus, a software company that is focusing on acquiring and extending high-potential blockchain, digital and multi-asset businesses for institutional and retail markets, has recently debuted its new brand and website, which will put the subsidiary brand of the firm under the same set of assets. The news comes amid the company's proposal to associate with Brilliant Acquisition Corp., a SPAC (special purpose acquisition company). Appar

CI Global Asset Management unveils Blockchain & Metaverse focused ETFs

CI Global Asset Management unveils Blockchain & Metaverse focused ETFs
One of the largest investment management companies based in Canada, CI Global Asset Management (CI GAM) has recently announced the unveiling of ETFs for providing investment prospects in metaverse, and blockchain technology which are revolutionizing the society. CI Galaxy Metaverse ETF and CI Galaxy Blockchain ETF started trading on the Toronto Stock Exchange (TSX) today under the tickers CMVX and CBCX, respectively. Each ticker will be c

Acala Foundation, Coinbase Cloud partner to support KSM liquid staking

Acala Foundation, Coinbase Cloud partner to support KSM liquid staking
Coinbase Cloud, a provider of blockchain infrastructure platform, has recently announced that it has entered into a new collaboration with Acala Foundation, a decentralized finance (DeFi) network powering the aUSD ecosystem, by bringing the KSM liquid staking on Karura. For those uninformed, KSM is the native token of the Kusuma network, a pre-production ecosystem for Polkadot. In contrast to outdated staking in PoS networks, liquid staking

WeBank unveils WeBank Blockchain to promote ESG strategies

WeBank unveils WeBank Blockchain to promote ESG strategies
WeBank, a private Chinese neobank, has recently announced launching of its new brand known as, WeBank Blockchain. As per a press release the brand will be used to develop blockchain technology and financial infrastructure for inspiring ESG (environmental, social, and governance) investment strategies. WeBank president, Nanqing Li, said that they have successfully attained two provisional missions and met the goals of ensuring that the technolo

Newrl introduces tokenized equity solutions based on blockchain

Newrl introduces tokenized equity solutions based on blockchain
Newrl, a public blockchain for mainstream DeFi (decentralized finance), has recently launched tokenized-based equity solutions for companies that are not listed on the stock market. This will be the first Web3 development for ESOP solutions dedicated to startups. As per credible sources, the platform will support tokenization of equity for issuing ESOPs, improving governance via smart contracts, raising funds, and eventually making the startup