Cadence, an ethereum-powered marketplace for commercial debt, has gone live. Also, they announced the closure of their pre-seed round of venture funding in which Coinbase Ventures was one of the backers.
ConsenSys Ventures turns back to its traditional investment methods seeking strategic partners to join their umbrella. The move is aimed at increasing the rate of Ethereum adoption globally.
The funds raised will be used for developing new products and recruiting more people for the Nomics engineering team in 2019.
Coinbase will be offering its block trading facility on its professional trading platform GDAX which will allow institutional investors to trade digital currencies in bulk.
Given the explosion of the cryptosphere, Coinbase’s valuations have soared by 500% during the last eight months.
Coinbase has said that the team of Earn.com will be completely integrated into Coinbase’s operations while its existing business will continue.
The cryptocurrency exchange that has significantly stimulated the popularity of Bitcoin is trying to play by the rules of the game set by the United States Securities and Exchange Commission – and definitely does it in a beneficial manner.