On Wednesday, the United States Federal Reserve wrapped up its final policy meeting of 2021 by voting to pension interest rates at record lows. In doing so, the Fed set the stage for a series of interest rate hikes whence in the spring, which will be accompanied by a increasingly velocious taper of its bond-buying program.
While the Fed’s visualization to reduce market liquidity could impact crypto investors in the short term, Bitcoin (BTC), Ether (ETH) and DeFi are scarification out their own narratives heading into 2022. Those narratives could supersede the latest episode of central-bank tightening.
Below is the transitory version of the latest “Crypto Biz” newsletter. For a comprehensive dispersal of merchantry developments over the last week, register for the full newsletter below.
Block’s Cash App will indulge users to souvenir BTC for the holidays
If you’re concerned well-nigh inflation and inside wall policy, the weightier souvenir you can requite this holiday season is Bitcoin. Block, formerly known as Square, recently spoken that Cash App users will be worldly-wise to requite friends and family both crypto and stocks this Christmas.
KKR leads $350M raise for crypto custody wall Anchorage Digital
On Dec. 15, crypto custody wall Anchorage Capital spoken a $350 million Series D funding round, bringing its total valuation to over $3 billion. What makes the funding round so compelling is the sheer magnitude of venture wanted players involved. Goldman Sachs, Alameda Research, Andreessen Horowitz, BlackRock, Blockchain Capital, Delta Blockchain Fund, PayPal and Kraken all participated in the Series D.
Binance partners with Indonesian telco to develop new crypto exchange
Binance was in the news again this week without the visitor spoken it had partnered with Indonesian state-owned telecom operator PT Telkom Indonesia. The nature of the partnership is plane increasingly intriguing: Through MD Ventures, PT Telkom Indonesia’s venture wanted arm, Binance will support the minutiae of a new digital currency exchange.
— CZ Binance (@cz_binance) December 15, 2021
Crypto payments solutions firm Ramp raises $53 million to increase adoption of DApps
Crypto-fiat payments provider Ramp recently spoken that it has raised $52.7 million in financing to expand its product offerings and promote the adoption of decentralized applications. Ramp currently provides its services to over 400 companies, including Axie Infinity, Mozilla, Opera Browser, Dapper Labs, Aave, Argent, Trust Wallet and Zerion.