PayPal has revealed it has agreed to acquire Israel-based cryptocurrency custody firm Curv for less than $200 million. The deal is expected to close in the first half of this year.

The New York Digital Investment Group announced the completion of a $200 million growth capital funding round for business initiatives related to bitcoin. The funding round was led by NYDIG strategic partners Morgan Stanley, MassMutual, Soros Funding Management, Stone Ridge Holdings Group, and others.

Oslo stock exchange-listed Aker ASA has set up a new company dedicated to investing in bitcoin projects and other companies called Seetee. The new company will “keep all its liquid investable assets in bitcoin” and is “initially capitalized with NOK 500 million ($58.3 million).”

Sponsored: Crypto.com is pleased to announce that Dogecoin (DOGE) has been listed on Supercharger, a one-click liquidity mining platform on the Crypto.com Exchange. Crypto.com Exchange users will receive DOGE as rewards for depositing CRO tokens into the Supercharger pool. 

Top stories in the Crypto Roundup today:

• PayPal Acquires Crypto Custody Firm Curv for Less Than $200 Million
• Morgan Stanley, Soros, MassMutual Join $200 Million Investment in Bitcoin Firm NYDIG
• Norwegian Firm Launches Bitcoin Investment Unit, Buys 1,170 BTC for Its Treasury
• Daily Movers – CHZ, LUNA, MANA
• Sponsored: Crypto.com Exchange’s One-Click Liquidity Mining Platform is featuring DOGE

PayPal Acquires Crypto Custody Firm Curv for Less Than $200 Million

PayPal has revealed it has agreed to acquire Israel-based cryptocurrency custody firm Curv for less than $200 million. The deal is expected to close in the first half of this year.

In an announcement, PayPal detailed it plans to use the acquisition to “accelerate and expand its initiatives to support cryptocurrencies and digital assets.”  Jose Fernandez da Ponte, PayPal’s vice president and general manager of blockchain, crypto and digital currencies said the acquisition is “part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system.”

He added:

“During our conversations with Curv’s team, we’ve been impressed by their technical talent, entrepreneurial spirit, and the thinking behind the technology they’ve built in the last few years.”

Curv co-founder Itay Malinger said that as the adoption of digital assets accelerates, the firm feels there’s “no better home than PayPal to continue our journey of innovation.”

Morgan Stanley, Soros, MassMutual Join $200 Million Investment in Bitcoin Firm NYDIG

The New York Digital Investment Group has announced the completion of a $200 million growth capital funding round for business initiatives related to bitcoin. The funding round was led by NYDIG strategic partners Morgan Stanley, MassMutual, Soros Funding Management, Stone Ridge Holdings Group, and others.

NYDIG is a provider of bitcoin-related technology and investment services, and will work alongside its strategic partners in applying solutions for insurance, banking, and clean energy. Its co-founder and CEO, Robert Gutmann, said:

“The firms participating in this round are more than investors — they are partners, each well known to us for years. NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy.”

Gutmann added the partnerships are a sign that institutional adoption of BTC has arrived. NYDIG has also announced that over $1 billion worth of bitcoin investments are now held in its institutional custody service.

Norwegian Firm Launches Bitcoin Investment Unit, Buys 1,170 BTC for Its Treasury

Oslo stock exchange-listed Aker ASA has set up a new company dedicated to investing in bitcoin projects and other companies called Seetee. The new company will “keep all its liquid investable assets in bitcoin” and is “initially capitalized with NOK 500 million ($58.3 million).”

Seetee will focus on “investing in and owning bitcoin,” and “joining the Bitcoin and broader blockchain community and establishing partnerships with leading players.” It also plans on launching “Bitcoin verification operations.”

Norwegian billionaire Kjell Inge Roekke, chairman and majority owner of Aker, said in a letter:

“First, we will use bitcoin as our treasury asset and join the community. In Bitcoin-speak, we will be hodlers.”

Seetee has already partnered with Canada’s Blockstream to work on bitcoin mining and sidechain projects, and purchased 1,170 BTC as its first purchase, with the strategy being “to hodl.”

Daily Movers – CHZ, LUNA, MANA

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Chiliz (CHZ) – Chiliz is a digital currency sports tokenization. It powers a scalable fan engagement and rewards app, where fans can trade branded Fan Tokens for various sports teams and vote in club-focused surveys and polls.

Terra (LUNA) – Terra aims to build a new financial infrastructure that works better for everyone. The network is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native token, Luna.

Decentraland (MANA) – Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations.

Crypto.com Exchange’s One-Click Liquidity Mining Platform is featuring DOGE

Crypto.com is pleased to announce that Dogecoin (DOGE) has been listed on Supercharger, a one-click liquidity mining platform on the Crypto.com Exchange. 

Crypto.com Exchange users will receive DOGE as rewards for depositing CRO tokens into the Supercharger pool. 

Event Timeline:

• 27 Feb 3:00pm UTC: Charging Period Begins 
• 29 Mar 3:00pm UTC: Charging Period Ends 
• 30 Mar 1:00pm UTC: Acceptance Period Begins 
• 31 Mar 1:00pm UTC: Reward Distribution Period Begins 
• 30 April 1:00pm UTC: Reward Distribution Period Ends

Charging Duration (First 30 days)

Users can deposit and withdraw from the Supercharger pool (with no gas fees) at any time during the Charging Period. Price of the reward token is determined at the end of this period.

Reward Distribution Period (Next 30 days)

Users will receive their reward tokens during the Reward Distribution Period based on their share of the liquidity provided during the Charging Period. Their eligible reward tokens will be distributed daily during this 30 day period after accepting the reward terms. Users will forfeit a portion of their reward if they do not accept the terms before the Reward Distribution Period begins.

Allocation:

The total allocation amount is USD 250,000 in DOGE.

Rewards Calculation 

Find out how to calculate your rewards here.

NOTE: 

• Participants may withdraw their CRO deposits from the pool at any time.
• Participants can make multiple deposits throughout the duration of the event.
• If the participant fails to accept their reward allocation before Rewards Distribution Period begins, they will lose the portion of the reward that was scheduled to be distributed. They are still entitled to the remaining portion of their reward, and can redeem it by logging in to the Exchange and accepting their allocation.
• Crypto.com reserves the right to cancel or amend the Supercharger campaign rules at its sole discretion.

Sign up for the Crypto.com Exchange, deposit CRO and prepare to earn DOGE!

Press Release

State of the Crypto by Top Tier Exchange Volume

Build your project with the CryptoCompare API

Terms
| Privacy

162 Main Road, Danbury, Chelmsford

England, CM3 4DT

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.