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Tech Entrepreneur Dan Magnuszewski Named Foundry Chief Technology Officer, Company to Open Buffalo Office

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Tuesday, June 14, 2022

ACVA, DCG, CTO, Knowledge, Map, Intelligence, Growth, Technology, NASDAQ, Industry, Efficiency, Foundry, Digital Currency Group, Luno, CoinDesk, Cryptocurrency, Western New York, Buffalo

ROCHESTER, N.Y., June 14, 2022 /PRNewswire/ -- Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group ("DCG") focused on empowering a decentralized infrastructure with better capital access, efficiency, and transparency in digital asset mining and staking operations, has named Dan Magnuszewski as its new Chief Technology Officer and announced plans to open an office in downtown Buffalo.

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Magnuszewski said, "I'm inspired to keep moving Buffalo and Western New York forward as I set out on my next endeavor.
Dan Magnuszewski's impressive track record in the Buffalo tech community will contribute to Foundry's continued growth and set the company's new location up for success.
Foundry CEO Mike Colyer said, "I'm thrilled that Dan is joining Foundry as our CTO and to lead our expansion into Buffalo.
While the new location is set to open this year, job seekers in the Buffalo tech community can start applying for Foundry's open positions today at foundrydigital.com .

DCG Makes Strategic Leadership Changes to Support Continued Growth in Automotive M&A

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Wednesday, June 1, 2022

Dave Cantin Group (DCG), one of the worlds largest and most prolific automotive M&A firms, announced strategic leadership appointments to support continuing M&A growth in the automotive industry.

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Dave Cantin Group (DCG), one of the worlds largest and most prolific automotive M&A firms, announced strategic leadership appointments to support continuing M&A growth in the automotive industry.
View the full release here: https://www.businesswire.com/news/home/20220601005498/en/
Brian Brown, George Pero, and Brian Traugott of DCG (Photo: Business Wire)
Brian Brown has been appointed President of DCG Acquisitions, the primary M&A arm of DCG holding company.
Brown has been with DCG since 2015 and has over 30 years of experience in the Automotive industry.
The changes to our DCG leadership structure are directly designed to help DCG effectively support dealers as they make these major decisions - affecting their legacies as well as their communities - throughout major financial transitions.

FLOW LAUNCHES $725 MILLION ECOSYSTEM FUND TO DRIVE INNOVATION ACROSS THE FLOW ECOSYSTEM

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Tuesday, May 10, 2022

The largest joint commitment made towards any blockchain ecosystem, the Ecosystem Fund participants will provide existing and future developers with support in building applications on the Flow blockchain through investments, FLOW token grants and in-kind support.

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The largest joint commitment made towards any blockchain ecosystem, the Ecosystem Fund participants will provide existing and future developers with support in building applications on the Flow blockchain through investments, FLOW token grants and in-kind support.
"With their active participation and support, the Ecosystem Fund has the opportunity to become a real game-changer for the 7500+ strong and fast-growing developer community in the Flow ecosystem."
"The Flow Ecosystem Fund will be a huge accelerator of innovation and growth on the platform and we at CoinFund are excited to work with this talented community to help drive innovation and growth."
To learn more about Flow and the Flow Ecosystem Fund, please visit www.flow.com/ecosystemsupport .

LFG Closes $1.5 Billion OTC Deal of UST for BTC with Genesis and Three Arrows Capital (3AC) for the UST Forex Reserve

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Thursday, May 5, 2022

SINGAPORE, May 5, 2022 /PRNewswire-PRWeb/ -- The Luna Foundation Guard (LFG), a recently formed non-profit organization to support decentralization, economic sovereignty, and foster the growth of the Terra ecosystem, has unveiled the closing of a $1 billion OTC swap of UST for BTC led by prominent digital currency prime broker, Genesis. Three Arrows Capital (3AC), a leading crypto hedge fund also participated, with the LFG purchasing $500 million worth of BTC via 3AC – with the total purchases by the LFG equating to $1.5 billion in BTC.

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Three Arrows Capital (3AC), a leading crypto hedge fund also participated, with the LFG purchasing $500 million worth of BTC via 3AC with the total purchases by the LFG equating to $1.5 billion in BTC.
"The LFG's mission to support the stability and adoption of the UST stablecoin continues with the latest deal acquiring BTC from Genesis for the UST Forex Reserve," says Do Kwon, LFG Governing Council member and Co-Founder and CEO of Terraform Labs (TFL).
The addition of $1.5 billion in BTC pushes the UST Forex Reserve into the top 10 BTC holders in the world.
The Genesis aspect of the OTC deal represents the first of its kind at such a magnitude, with Genesis Asia Pacific Pte.

Genesis to Join International Swaps and Derivatives Association

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Tuesday, May 3, 2022

Professional Services, Technology, Finance, Software, Consulting, Internet, DCG, Blockchain, International Swaps and Derivatives Association, Industry, ISDA, Digital Currency Group, Documentation, Twitter, Primary, OTC, Cryptocurrency, Genesis

Genesis , a digital asset industry pioneer and the premier institutional crypto derivatives provider, today announced that GGC International Limited has joined the International Swaps and Derivatives Association (ISDA) as a Primary Member.

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Genesis , a digital asset industry pioneer and the premier institutional crypto derivatives provider, today announced that GGC International Limited has joined the International Swaps and Derivatives Association (ISDA) as a Primary Member.
Genesis, through its GGC International Limited entity, was one of the first participants in the crypto derivatives market and enters into over-the-counter derivatives referencing a broad range of digital asset underliers.
As a member of ISDA, Genesis will continue to help shape the direction of the digital asset derivatives markets towards making them safe and efficient for all participants.
"Genesis is a pioneer in crypto liquidity, in spot OTC, lending, and bilateral OTC derivatives, said Josh Lim, Head of Derivatives at Genesis.

Genesis Q1 2022 Report Reflects Another Strong Quarter Amid Market Uncertainty

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Friday, April 29, 2022

Genesis , a digital asset industry pioneer and digital currency prime brokerage, today released its Q1 2022 Market Observations Report , highlighting major trends across institutional digital asset markets.

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Genesis , a digital asset industry pioneer and digital currency prime brokerage, today released its Q1 2022 Market Observations Report , highlighting major trends across institutional digital asset markets.
The USD volume of assets moved from Genesis Custody to the Genesis trading or lending desks increased by 141% vs Q4 2022.
In Q1, Genesis was also #1 in market share for blocked BTC and ETH Deribit-cleared derivatives via Paradigm with over $6.6 billion transacted1.
The Genesis Q1 2022 Market Observations Report provides a comprehensive look into key market activity through insights from the firms spot trading, derivatives trading, lending, custody, treasury and prime brokerage businesses.

Foundry Acquires Web3 Firm Upstate Interactive to Expand Blockchain Services

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Wednesday, April 27, 2022

CEO, UI, Daos, Decentralized finance, Digital Currency Group, Non-fungible token, Technology, DCG, Intelligence, Acquisition, Blockchain, Cryptocurrency, Semiconductor, Upstate, Foundry, Ethereum, Upstate New York

ROCHESTER, N.Y., April 27, 2022 /PRNewswire/ -- Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset infrastructure, and Upstate Interactive, a women-owned Web3 software development and consulting company, jointly announce Foundry's acquisition of Upstate Interactive. The Upstate Interactive team will join Foundry to provide world-class products and services to institutions — all while continuing to cement Upstate New York as a booming tech hub of the blockchain era.

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ROCHESTER, N.Y., April 27, 2022 /PRNewswire/ -- Foundry Digital LLC ("Foundry"), a wholly-owned subsidiary of Digital Currency Group (DCG) focused on digital asset infrastructure, and Upstate Interactive , a women-owned Web3 software development and consulting company, jointly announce Foundry's acquisition of Upstate Interactive.
The Upstate Interactive team will join Foundry to provide world-class products and services to institutions all while continuing to cement Upstate New York as a booming tech hub of the blockchain era.
DCG-subsidiary Foundry Digital LLC and Upstate Interactive jointly announce Foundry's acquisition of Upstate.
The acquisition follows Upstate Interactive's recent client work with Foundry, bringing the Foundry Staking service line to life with UI/UX development.

Stablecorp Closes Pre-Series A Funding Round Including Major Cryptocurrency Industry Leaders

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Monday, April 25, 2022

TORONTO, April 25, 2022 /PRNewswire/ -- Stablecorp, a leading Canadian fintech firm and strategic partner in the commercial development and launch of VCAD, the country's first Canadian dollar Digital Deposit Receipt (DDR), announced today that it has received USD 1.5 million in strategic growth capital from a group of equity partners that includes industry heavyweights Circle Ventures, Genesis, and the Stellar Development Foundation as new investors. Side Door Ventures also joins existing partners 3iQ, Borderless, and others who participated in the round.

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Side Door Ventures also joins existing partners 3iQ, Borderless, and others who participated in the round.
This round of strategic funding is also expected to allow Stablecorp to execute targeted near-term growth strategies in decentralized finance, yield generation, foreign exchange, payments, settlement, remittances, and digital asset trading.
The firm also intends to pursue global expansion into additional DDRs in partnership with VersaBank in the future.
InFebruary 2021, Stablecorp entered into a strategic partnership with VersaBank,an A rated Canadian Schedule 1 bank,to develop VCAD.

Improbable Raises US$150m to Establish M² (MSquared), a Metaverse Network and Ecosystem Powered by Its Morpheus Technology

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Thursday, April 7, 2022

Improbable, the UK-based metaverse technology company, is announcing today it has raised US$150m in funding to establish and develop M (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology.

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Improbable, the UK-based metaverse technology company, is announcing today it has raised US$150m in funding to establish and develop M (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology.
The M network will combine Improbable Morpheus technology with new services designed to support interoperability, commerce in digital assets and governance in Web3.
Improbable has established M as a distinct entity to better enable governance in partnership with other businesses and eventually with its community.
The metaverse is full of potential and promise, and we believe the pioneering technology Improbable has created will make good on that.

Chief Secures $100 Million in Series B Funding, Bringing Total Valuation to $1.1B

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Thursday, March 31, 2022

Chief ( chief.com ), the private network built to drive more women into positions of power and keep them there, today announced the close of a $100 million Series B investment.

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Chief ( chief.com ), the private network built to drive more women into positions of power and keep them there, today announced the close of a $100 million Series B investment.
Launched in 2019, Chief provides women leaders with a vetted community of peers, trusted support system, and business critical insights to strengthen their leadership and magnify their influence.
The latest funding comes on the heels of significant growth at Chief.
Chief will use this new funding to invest in its community platform that powers the member experience.