Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain

Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for … Read more

Paypal Launches PYUSD Rewards Program With Anchorage Digital

Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital … Read more

Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated … Read more

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The … Read more

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