Lending Startup Parallel Finance Raises $2M to Bring More DeFi to Polkadot, Kusama

Pantera and Polychain are backing the project.

China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments

The country is testing the currency in different pilots.

MicroStrategy Raises $500M From Bond Sale to Buy More Bitcoin

The announcement comes with news of a new bitcoin-holding subsidiary, MacroStrategy LLC.

Music-Focused NFT Marketplace Raises $4M From Cuban, Kutcher, Dapper CEO

NFT Genius wants to bring immersive experiences to the NFT sector.

Hut 8 Mining’s Underwriters Agree to Buy $82M in Stock Ahead of Nasdaq Listing

The shares are scheduled to make their debut on Nasdaq next week.

Chinese Province Cracks Down on Unauthorized (Not All) Bitcoin Mining

The Yunnan Energy Bureau stopped short of an all-out crypto mining ban.

Yearn’s Cronje Backs $10M Funding Round for DeFi’s Instadapp

The India-based startup will use the funding to continue developing a “middleware” layer for the DeFi ecosystem.

Next-Gen Game Developer Mythical Raises $75M for Playable NFTs

The funding round will offer external game developers a way to bring NFTs into their fictional worlds.

BlockFi Retail Account Balance Increased Fivefold in Past Year, CEO Says

Zac Prince said the average balance of a retail client has climbed from $10,000 to $50,000 in the last year.