Digital Currency Group

DMG Blockchain Solutions Announces Collaboration with PayPal to Decarbonize the Bitcoin Blockchain

Retrieved on:

Wednesday, April 24, 2024

Bitcoin Core, Crypto, Blockchain, PYPL, TSX, Research, Carbon, PayPal, Paxos Trust Company, EWT, Digital Currency Group, Mining, DMG, Cryptocurrency

VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX), a vertically integrated blockchain and data center technology company, has announced a strategic collaboration with PayPal (NASDAQ: PYPL) ( www.paypal.com ) and Energy Web (EWT) ( www.energyweb.org ) to explore ways to decarbonize the Bitcoin blockchain.

Key Points:

VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX), a vertically integrated blockchain and data center technology company, has announced a strategic collaboration with PayPal (NASDAQ: PYPL) ( www.paypal.com ) and Energy Web (EWT) ( www.energyweb.org ) to explore ways to decarbonize the Bitcoin blockchain.
DMG, Energy Web, and PayPal are working together to publish a research paper, which we collectively believe will benefit users of the Bitcoin network who would like to take advantage of carbon neutral options in their transactions.
DMG, with its focus on a carbon neutral bitcoin mining pool and technology to move bitcoin between users without adding carbon to their transactions, brings its unique technology stack and experience in Bitcoin Core software engineering.
Read about the collaboration among DMG, Energy Web, PayPal: Sustainable Innovation .

Contango Reaches $5M Close on $10M Blockchain x AI Seed Fund

Retrieved on:

Tuesday, April 16, 2024

Quantstamp, Digital asset, Artificial general intelligence, CFO, Partner, Polychain Capital, AI, Contango, Breeding, Blockchain, Akasha, Intelligence, Angel, DAO, LP record, Digital Currency Group, Growth, Cryptocurrency

Toronto, Canada, April 15, 2024 (GLOBE NEWSWIRE) -- Contango Digital Assets is pleased to announce the successful first close of its latest venture fund, the Contango Blockchain x AI Fund, bringing in an impressive $5 million in LP capital, to date.

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Toronto, Canada, April 15, 2024 (GLOBE NEWSWIRE) -- Contango Digital Assets is pleased to announce the successful first close of its latest venture fund, the Contango Blockchain x AI Fund, bringing in an impressive $5 million in LP capital, to date.
Investors in the Contango Blockchain x AI Fund include the CEO of Quantstamp, the CFO at SingularityNet, the CEO at WonderFi, a GP from X Ventures, early LPs in Digital Currency Group and Polychain Capital, and investors from VANTA DAO.
The Contango Blockchain x AI Fund directly benefits from the "Wisdom of the Crowd" produced by the DAO, enhancing its ability to identify and capitalize on promising opportunities.
With a strong team, strategic vision, and robust network of partners and investors, the Contango Blockchain x AI Fund is well-positioned to drive innovation and foster growth at the dynamic intersection of blockchain and artificial intelligence.

Xoom Enables PayPal USD as a Funding Option for Cross-Border Money Transfers

Retrieved on:

Thursday, April 4, 2024

Friends, Xoom, SAN, PayPal, Sale, Senior, Commerce, Cryptocurrency, World Bank, Family, USD, Digital Currency Group

SAN JOSE, Calif., April 4, 2024 /PRNewswire/ -- Xoom, PayPal's cross-border money transfer service, announced today that U.S. users1 now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD), a U.S. dollar-denominated stablecoin2. Rolling out to customers in the U.S. starting today, the new funding option will allow U.S. Xoom users to easily convert the PYUSD in their linked PayPal Cryptocurrency Hub to USD and use that as a funding source to send money to recipients in approximately 160 countries globally with no Xoom transaction fees.3

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SAN JOSE, Calif., April 4, 2024 /PRNewswire/ -- Xoom , PayPal's cross-border money transfer service, announced today that U.S. users1 now have the option to fund money transfers to friends and family abroad using USD converted from PayPal USD (PYUSD) , a U.S. dollar-denominated stablecoin2.
With no Xoom transaction fees,3 cross-border money transfers funded using USD converted from PYUSD provides a lower cost option on Xoom.
By introducing the option to fund cross-border money transfers with USD converted from PYUSD, Xoom now offers an easy and reliable way for U.S. users to send money abroad using PYUSD as a funding source.
With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.

Zone raises $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

Retrieved on:

Monday, March 18, 2024

POS, CCA, Communication, Veteran, Blockchain, V8, Investment, ATM, DCG, Digital Currency Group, Cryptocurrency

LAGOS, Nigeria, March 18, 2024 /PRNewswire/ -- Zone, Africa's fast-growing payment infrastructure company (the "Company"), today announced that it has raised $8.5 million in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom Capital.

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The deal marks a pivotal moment for Zone as the company continues on its journey to build a Blockchain-based decentralized payment infrastructure for financial services providers across the continent and beyond.
By harnessing the power of blockchain, Zone's blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers.
The new funding will enable Zone to further expand the coverage of its network domestically and connect more banks and financial services companies.
As we step into this new phase at Zone, we are re-energized and our commitment to transforming Africa's payment infrastructure is renewed.

Zone raises $8.5m in Seed Funding to Scale its Decentralized Payment Infrastructure

Retrieved on:

Monday, March 18, 2024

POS, CCA, Communication, Veteran, Blockchain, V8, Investment, ATM, DCG, Digital Currency Group, Cryptocurrency

LAGOS, Nigeria, March 18, 2024 /PRNewswire/ -- Zone, Africa's fast-growing payment infrastructure company (the "Company"), today announced that it has raised $8.5 million in an oversubscribed seed funding round led by reputable VC firms Flourish Ventures and TLcom Capital.

Key Points:

The deal marks a pivotal moment for Zone as the company continues on its journey to build a Blockchain-based decentralized payment infrastructure for financial services providers across the continent and beyond.
By harnessing the power of blockchain, Zone's blockchain network delivers reliable, frictionless and universally interoperable payment experiences at scale to financial service providers and their customers.
The new funding will enable Zone to further expand the coverage of its network domestically and connect more banks and financial services companies.
As we step into this new phase at Zone, we are re-energized and our commitment to transforming Africa's payment infrastructure is renewed.

Tokens.com Provides Crypto Inventory Update

Retrieved on:

Thursday, February 29, 2024

Professional Services, Cryptocurrency, Ethereum, Sale, Disclosure, Digital Currency Group

**18,001 Solana are held by Genesis Global Trading.

Key Points:

**18,001 Solana are held by Genesis Global Trading.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions.
We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring.
Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure by Genesis.

Masa Network Raises $5.4M in Seed Round to Build the “Decentralized Google” for the World’s Personal Data

Retrieved on:

Tuesday, January 23, 2024

Networks, Data Management, Consumer Electronics, Technology, Software, Crypto, Entrepreneurship, Injective function, Avalanche, Traction, Partnership, AI, Network, Big Tech, Conference, Digital Currency Group, CSNET, Cryptocurrency

The generative AI race is now turning unique and valuable personal data into the next frontier of value creation.

Key Points:

The generative AI race is now turning unique and valuable personal data into the next frontier of value creation.
As the demand for personal data continues to grow, users deserve to control their data and get compensated for its use.
Masa is building a “Decentralized Google,” an open, secure, and incentivized economy for the world’s personal data.
“Masa Network realizes the original blockchain dream - a fair data economy where you own and profit from your personal data.

Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi

Retrieved on:

Wednesday, December 13, 2023

View the full release here: https://www.businesswire.com/news/home/20231213003404/en/

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View the full release here: https://www.businesswire.com/news/home/20231213003404/en/
Andalusia Labs Secures $48 Million in Series A Funding at $1 Billion Valuation, Opens Global HQ in Abu Dhabi (Photo: AETOSWire)
In conjunction with the round, Andalusia Labs announced the establishment of its global headquarters in Abu Dhabi’s Financial Center, Abu Dhabi Global Markets.
“Andalusia Labs is addressing one of the most significant challenges in the blockchain industry today," said Ravi Mhatre, Partner at Lightspeed Venture Partners.
Andalusia Labs intends to utilize the funds to accelerate product development, enhance institutional partnerships, and continue global expansion.
The opening of their global headquarters in Abu Dhabi will catalyze their global scaling efforts and strategically position the company for unparalleled growth.

Bullish Acquires CoinDesk from Digital Currency Group

Retrieved on:

Monday, November 20, 2023

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).

Key Points:

Bullish , the fastest growing regulated, institutional digital assets exchange led by Tom Farley, announced today that it has acquired CoinDesk, the integrated media, events and index platform for the future of finance, from Digital Currency Group (DCG).
CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.
View the full release here: https://www.businesswire.com/news/home/20231120856497/en/
“With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem,” said Tom Farley, CEO of Bullish.
CoinDesk Media provides news and analysis on the price movements, technologies, companies and people shaping the evolution of the bitcoin and digital currency ecosystem.

Neutral Secures $3.2M to Build Market Infrastructure for Environmental Assets

Retrieved on:

Tuesday, October 10, 2023

Climate change, Carbon, Digital Currency Group, Entrepreneurship, Growth, Biophysical environment, Paris, DCG, Cryptocurrency, Neutral

Environmental assets, which include carbon credits, renewable energy credits, and other environmental commodities, have seen a substantial uptick in demand in recent years.

Key Points:

Environmental assets, which include carbon credits, renewable energy credits, and other environmental commodities, have seen a substantial uptick in demand in recent years.
Alongside the increased momentum in environmental asset markets, traditional market infrastructure is moving towards leveraging blockchain technology and tokenized assets for improved trade, settlement, and transparency.
In building advanced market infrastructure for the environmental asset markets of the future, Neutral stands at the intersection of these two global trends.
"We believe that tokenized environmental assets will be one of the first categories of real-world assets that are 'born' on-chain.