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Bitcoin price on Aug. 27 (CoinDesk)
The funding round, which takes SxT’s total backing to $50 million, was led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital.
The mics likely won’t be muted, the market believes.
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The driving motivation behind the changes was “how to scale DeFi to gigantic size” and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.
Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.
The fund, set for launch in September, will be available to corporates, businesses and professional investors
Telegram, perhaps the most prominent messaging service used by the cryptocurrency ecosystem, is under scrutiny in India but not in immediate danger of a ban, multiple reports have indicated. Indian authorities have asked the investigators for an update on the investigation after Telegram CEO Pavel Durov was arrested in France.
The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner.