Bitcoin

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

Terraform Labs, the South Korean company behind the Terra public blockchain, has raised $150m from major crypto investors including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

Phantom, a crypto wallet and browser extension for accessing decentralized finance (DeFi) applications, has raised $9m in a Series A funding round led by Andreessen Horowitz (A16z).

Ethereum-based DeFi aggregator Zerion raised $8.2m in a Series A funding round led by Mosaic Ventures which also featured participation from Placeholder, Digital Currency Group, and Blockchain.com Ventures, among others.

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

Mercado Bitcoin, the largest bitcoin exchange in Brazil, raised $200m in a Series B round from the SoftBank Latin America Fund.

The Monetary Authority of Singapore (MAS) introduced a global challenge for retail Central Bank Digital Currency (CBDC) solutions.

Binance, one of the world’s leading cryptocurrency exchanges, has been banned from operating in the UK. This might be a sign that regulatory bodies will now put cryptocurrency exchanges under their microscope.

Nansen, a DeFi-native crypto tracer, has raised $12m in a Series A funding round led by Andreessen Horowitz (a16z).