• Regulation,  Technology

    As DeFi skyrockets, Euro financial institutions are taking an interest

    Fully 86% of traditional firms are implementing or at least considering blockchain-based decentralized finance technology, says Boston Consulting Group

    Noting that the value locked into DeFi has grown a massive 1,500%, to $8 billion, a new study by Crypto.com and Boston Consulting Group concluded that the “ability to borrow funds, take out loans, deposit funds into a savings account, or trade complex financial products, all without asking anyone for permission is gaining traction.”

  • Bakkt and cup of coffee

    Bakkt raises $300m as Starbucks trial launches

    The cryptocurrency futures and options exchange recently bought loyalty program provider Bridge2 Solutions, and has plans for a wide-ranging consumer payments app

    Despite economic uncertainty brought on by the coronavirus, crypto firm Bakkt has managed to secure $300 million in capital through Series B funding. Funds from this latest financing round are going to be put toward completing the acquisition of loyalty program provider Bridge2 Solutions.