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Policy

India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

(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)

Finance

DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem

RACA has evolved from managing the NFT collection of Elon Musk’s mom to a Steam-like blockchain gaming ecosystem.

DWF Labs managing partner Andrei Grachev (LinkedIn)

Finance

Binance Rejected Justin Sun’s Offer to Buy His Huobi Stake: Source

Binance has no interest in buying Huobi due to its rumored ties to China, according to a person familiar with the situation.

Tron CEO Justin Sun (Steven Ferdman/Getty Images)

Finance

DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round

The startup will launch its mainnet and stablecoin this summer.

(Yagi Studio/Getty Images)

Finance

Delphi Labs Raises $13.5M for Web3 Accelerator

P2P led and Jump Crypto joined the incubator’s first external funding round.

Delphi Labs team (Delphi Digital)

Finance

Polychain Leads $15M Funding Round for Crypto Startup Polyhedra Network

The Web3 infrastructure provider has now raised money twice in 2023.

Beldex raises $25 million with a new DWF Labs partnership (Unsplash)

Finance

Amber Group's Ex-U.S. CEO Raazi Joins EDG, a Digital-Asset Structured Product Firm

Enhanced Digital Group (EDG) is helping bridge the gap between TradFi and digital currencies, and Cactus Raazi brings decades of Wall Street experience including time at Goldman Sachs.

Cactus Raazi (LinkedIn)

Finance

Coinbase Aims to Stay in Canada; Binance Could Be Poised to Exit Amid Regulatory Shakeup

The moves come as the country tightens rules for cryptocurrency exchanges.

Coinbase's Base blockchain has gone live (Chesnot/Getty Images)

Finance

Dragonfly Leads $6.5M Round for Aptos Protocol Econia Labs

The startup offers an order book protocol for decentralized finance (DeFi) in the Aptos ecosystem.

(Pixabay)

Finance

Paradigm Leads $7M Round for Optimism-Based Startup Conduit

The newly announced startup will help developers launch Optimism-based applications.

Conduit founder Andrew Huang raises $7 million in Paradigm-led round (Conduit)