Day: January 8, 2025

Movement Labs nears completion of $100 million Series B funding

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Key Takeaways San Francisco-based Movement Labs is close to securing a $100 million Series B funding round co-led by CoinFund and Nova Fund. The fresh capital will allow Movement Labs to enhance its blockchain infrastructure, integrating Facebook’s Move Virtual Machine with Ethereum. Share this article Movement Labs is nearing completion of a $100 million Series B funding round that would value the blockchain development firm at approximately $3 billion, Fortune reported Wednesday, citing sources familiar with the deal. The report said that a Movement spokesperson confirmed the Series B is…

Ledn Remains Bitcoin’s Premier Borrowing And Lending Platform

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Company Name: Ledn Founders: Mauricio Di Bartolomeo and Adam Reeds Date Founded: September 2018 Location of Headquarters: N/A (Fully remote) Number of Employees: 51 Website: https://ledn.io/ Public or Private? Private “Lending is the type of relationship where you value the return of your assets more than the return on your assets.” This was Di Bartolomeo’s answer when I asked him what has set Ledn, a bitcoin and crypto borrowing and lending platform, apart from its competitors, including now defunct companies that offered similar services like BlockFi, Celsius and Voyager. “There’s…

XRP ETF likely to launch after Bitcoin and Ether ETFs, says Ripple President

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Key Takeaways Ripple President anticipates an XRP ETF will launch soon after Bitcoin and Ethereum ETFs. Ripple’s RLUSD stablecoin has reached a $72 million market cap and is expanding its distribution. Share this article Ripple President Monica Long anticipates a spot XRP exchange-traded fund will launch “very soon,” likely the next major crypto ETF after those tied to Bitcoin and Ethereum. “We will see various crypto ETFs this year coming out of the US. XRP is likely to be next in line after Bitcoin and ETH,” Long said in an…