Home Tags Goldman
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. BitMart Exchange, a premier global digital asset trading platform, recently announced the listing of USD Coin (USDC), a dollar-backed stablecoin that is issued by the cryptocurrency finance firm – Circle. By listing a safe and transparent tokenized fiat currency, BitMart is ready to embrace a more open crypto-powered financial system. USDC is the first stablecoin supported by Coinbase; the underlying technology behind it was developed collaboratively between Coinbase and Circle. It is a blockchain-based digital dollar where each token is strictly pegged 1:1 to the U.S. dollar. This means the coin can be ..
U.S. crypto wallet and blockchain security firm BitGo gets $15 million from banking giant Goldman Sachs and Galaxy Digital’s Mike Novogratz. U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In total, BitGo's series B fund rounding has brought in $58.5 million. According to Bloomberg, Goldman Sachs and Novogratz together contributed about $15 million, as their clients show growing interest in cryptocurrencies. Bloomberg notes that BitGo managed to raise a total of $70 million in all of its fundraising rounds. The significant investment from two firms affiliated with Wall Street might help BitGo attract more wealthy investors in the future, Bloomberg believes. BitGo is an American crypto wallet and blockchain security firm founded back in 2013. As Cointelegraph wrote earlier, in September, the company received a ..
Goldman Sachs has led a $25 million strategic funding round for blockchain startup Veem. U.S.-based banking giant Goldman Sachs has led a $25 million strategic funding round for blockchain payments startup Veem, with participation also confirmed to Cointelegraph from Silicon Valley Bank on September 27. Veem, which utilizes digital ledger technology to increase the efficiency of small business payments, noted in their press release that the funding round also received participation from GV (formerly Google Ventures), Trend Forward Capital, Extol Capital, Kleiner Perkins, and Pantera Capital, among others investors. Forbes notes that Goldman Sachs invested through its Principal Strategic Investment Group, and that Rana Yared, a Goldman Sachs managing directors, will sit on Veem’s board as a non-voting observer. With this latest funding round, Veem plans to develop new partner integrations, as well as “rely on increased automation, including built-in anti-money-laundering and know-your-..