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Delta Exchange Closes US$5 Million Raise From Blockchain Valley Ventures Among Others

10 days ago

Delta Exchange, a UK-based institutional-grade crypto derivatives exchange, announced that it has closed a US$ 5 million token raise from existing and new investors where Swiss venture firm Blockchain Valley Ventures (BVV) backed and advised the former on their token raise.
The token raise adds to existing investors like Aave, Coinfund and Kyber Network. New investors of the company include Spartan Group, QCP Soteria, Gumi Crypto, LuneX Ventures, Tembusu Partners and BVV.
The token generation event, as well as token listing initially on Delta and Uniswap, is expected around the end of March.
Delta is an established player with highly innovative products, focusing on alternative derivatives, where they are unbeaten in speed to market. It is led by a team of

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PayPal Allows American Customers to Use Cryptocurrencies for Purchases

19 days ago

PayPal announced the launch of Checkout with Crypto, where US customers will be able to choose to check out with crypto seamlessly.
Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can check out safely and easily, converting cryptocurrency holdings to fiat currency, with certainty of value and no additional transaction fees.
Checkout with Crypto will automatically appear in the PayPal wallet at checkout for customers with sufficient cryptocurrency balance to cover an eligible purchase.
All transactions are settled in USD and converted to the applicable currency for the business at the standard PayPal conversion rates.
“As the use of digital payments and digital currencies accelerates, the introduction

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Austrian Crypto Broker Bitpanda Secures Unicorn Status With $170 Million Funding

March 17, 2021

Bitpanda, an Austrian digital investment platform dealing with cryptocurrency, announced that it has closed it Series B funding round with an investment of $170 million and attained unicorn status with a valuation of $1.2 billion.
The funding round was led by Valar Ventures with participation from partners of DST Global. Bitpanda had also previously secured $52 million during its Series A from Valar Ventures.
The Series B was signed last week and is currently in the necessary approval process of the Austrian Financial Market Authority (FMA).
Bitpanda said in a blog post that it would be using the new funding to expand its team which currently has 350 staff members to around 600.
The company has already expanded into France, Spain, Turkey, Italy and Poland in 2020

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Digital Asset Adoption Gains Momentum With US$26 Billion in Bitcoin Transactions

February 19, 2021

Bitcoin’s recent price surge has accelerated institutional adoption of cryptocurrencies leading to institutional investor pouring an estimated US$26 billion into bitcoin over the past eight months, an analysis by SNGLR Group shows.
In its second report part of the Digital Asset Briefing series, the Swiss tech firm looks at the latest developments and trends in cryptocurrencies and digital assets, arguing that bitcoin’s current rally has led to renewed interest in cryptocurrencies, a trend that comes on the back of favorable regulatory endorsements and large institutional investments coming in from names like Testa, MicroStrategy and Square.
SNGLR Group’s analysis suggests that at least US$26 billion have been invested into bitcoin over the past six to eight

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Switzerland and Estonia Among Europe’s Most Advanced Blockchain Ecosystems

February 7, 2021

In Europe, Switzerland, Estonia, Malta and Cyprus have the most advanced and mature blockchain ecosystems with well-developed startup scenes and high levels of regulatory maturity, a paper by the EU Blockchain Observatory and Forum says.
More specifically, the European Commission (EC) blockchain think tank places Switzerland at the epicenter of blockchain activity, not only in Europe, but globally, noting the country’s massive blockchain industry of 800 dedicated blockchain providers, among which eight unicorns, an active venture capital (VC) ecosystem, and supportive regulators that have formulated favorable rules for the sector to thrive.
Switzerland moved early to clarifying the legal situation of crypto-assets, the paper notes, with the earliest report by the

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