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Tech

PancakeSwap Plans ‘Affiliates’ for Expansion; Cake Holders to Benefit

CAKE token holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates, if things go as planned.

Pancakes.(Mae Mu/Unsplash)

Finance

Fordefi Raises $10M to Make Crypto Safer With Institutional-Grade Wallet to Retail-Facing Platforms

The company has onboarded institutional investors such as Pantera Capital, DeFiance Capital, Keyrock and Flare Network to its MPC wallet, and secured over $3 billion in blockchain transaction volume.

Founders of Fordefi (clockwise): Michael Volfman, Dima Kogan and Josh Schwartz (Fordefi)

Finance

Ripple-Owned Crypto Custody Firm Metaco's CEO and Head of Product Depart

Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.

Metaco's management team (Metaco)

Finance

Multicoin Capital Is in Talks to Sell Roughly $100M FTX Bankruptcy Claim: Source

Positive news around the FTX bankruptcy has seen claims being sold for upward of 70 cents on the dollar, now climbing towards the eighties.

Multicoin Managing Partner Kyle Samani (Danny Nelson/CoinDesk)

Policy

India CBDC Insider Reveals Current Stance of Country's Central Bank

India’s central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Web3

Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout

The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors

Karim Chaib, Web3Intelligence CEO (Web3Intelligence)

Finance

FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources

BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.

FTX logo (Adobe Firefly)

Finance

Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting

Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.

Deus X CEO Tim Grant (Left), Amanda Fabiano of Fabiano Consulting (Right). (Deus X/Fabiano Consulting)

Finance

Solana Mobile to Sell Second Crypto Smartphone

The successor to Saga will have new hardware and a cheaper price point, according to a person familiar with the plans.

The Saga smartphone. (Danny Nelson/CoinDesk)

Finance

Google Cloud Joins Flare Network as Validator, FLR Jumps 5%

Flare, which calls itself "the blockchain for data," gives developers access to decentralized data via its Oracle system

Google logo on the front of a building