NFT Platform Sorare Adds Turkish Soccer Club Galatasaray

Fan-favorite Galatasaray from Istanbul has been added to Sorare. The platform now has 126 licensed clubs. Trade Galatasaray Players on Sorare After teasing a new addition to the fantasy football trading card game, Sorare revealed that Galatasaray is the next club to join the platform. The Turkish club is known for its passionate supporters and is a constant title-contender in Turkey. Galatasaray has also enjoyed European football glory to their name. They won the 1999-2000 UEFA Cup against Arsenal, the first time a Turkish club has ever won a European…

Nexus Mutual Offers DeFi Insurance to Another Bitcoin Lending Platform

Share this article Bitcoin lending service Hodlhaut has partnered with Nexus Mutual, creating a smart contract on Ethereum to provide insurance coverage to its investors.  Hodlnaut Buys Into NXM Pool Centralized financial service platform Hodlnaut has joined forces with Nexus Mutual to provide insurance coverage up to $6.7 million at a premium of 2.6%. The firms deployed an Ethereum smart contract Hodlnaut Custody Cover to offer coverage to Hodlnaut users in the event of more than 10% loss in hack or theft or withdrawal suspension of more than 90 days.…

Crypto.com Hires Downtown Exec to Lead New “Invite-Only” NFT Platform

Share this article Crypto financial services app, Crypto.com has appointed Joe Conyers III as executive VP of NFT Platform, the company announced.  Crypto.com’s Invite-only NFT Platform Crypto.com announced it hired Joe Conyers III, the ex-Chief Strategy Officer at a popular independent music publishing company–Downtown–to manage its NFT Platform. Previously, Conyers was also the co-founder of an art media company, ArtObserved.com, and co-creator of a song royalty collection service called Songtrust. In his new role, he will lead the development of Crypto.com’s invite-only platform for issuing non-fungible tokens (NFTs). Crypto.com, which…

Crypto-friendly trading platform eToro to go public via $10B SPAC merger

Crypto-friendly trading platform eToro appears to be making firm moves towards achieving its goal of going public in the United States. According to a press release issued on Tuesday, eToro is in talks with FinTech Acquisition Corp. V — a special-purpose acquisition company owned by veteran Philadelphia banker Betsy Cohen — towards a $10 billion merger. Both companies are looking to raise equity to the tune of about $650 million to facilitate the deal. Softbank Vision Fund 2 and Fidelity Management and Research Company are among the investors slated to…

Hacker makes off with $5.7m after ransacking social token platform

Social token platform Roll suffered a hot wallet breach, resulting in hackers draining at least 3,000 ETH worth $5.7 million on March 15.  At roughly 8am UTC, digital asset management platform MyCrypto reported that a hacker may have compromised the private keys for Roll’s hot wallet, allowing them to transfer funds from users’ accounts at will. After approximately 12 hours, Roll responded to the attack, announcing the hacker had stolen and liquidated a large number of tokens, and that withdrawals had been suspended across the platform: “The attacker has sold…

Crypto platform FalconX raises $50M on the back of institutional adoption

FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that digital assets are becoming more mainstream.  FalconX didn’t specify how the funds would be deployed, but if it’s anything like previous fundraisers, the money will likely go towards business development. FalconX raised $17 million in May 2020 to finance several growth initiatives, including adding new infrastructure and expanding its product offerings. At the time, FalconX told Cointelegraph that it uses data science to provide a more…

Bitcoin Lending Platform BlockFi Raises $350 Million

Share this article Crypto lending firm BlockFi has raised $350 million in Series D investment, with a valuation of $3 billion. BlockFi Promoting Crypto Finance Centralized lending platform BlockFi has raised $350 million from venture capitalists led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global co-led the Series D funding round. Today I’m announcing a new investment in @BlockFi. They have raised $350 million at a $3 billion valuation. This is another step towards becoming a generation defining business for @BlockFiZac and @FounderFlori. You can…

South Korean Shinhan Bank pilots digital currency platform with LG CNS

Major South Korean commercial bank Shinhan Bank is looking to collaborate with the country’s central bank on developing a national digital currency. Shinhan Bank has developed a blockchain-based pilot platform for a central bank digital currency, or CBDC, in partnership with LG Corporation’s IT services arm LG CNS, South Korean news agency Yonhap reports Monday. Shinhan Bank and LG CNS created a virtual CBDC model where the Bank of Korea issues a CBDC, while other banking institutions like Shinhan Bank act as financial intermediaries. The bank emphasized that CBDC intermediaries…