Abra Launches Treasury Service for Corporates That Want to Hold Crypto
The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.
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The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.
The exchange says it has already more than $25 billion in trading volume since inception, with more than $1 million in revenue.
In politics, money talks, but the donors and organizers behind crypto’s massive U.S. campaign fund don’t. The digital assets industry has amassed a juggernaut of campaign finance, a $169 million fund that’s capable of steering many contests this year and could decide the makeup of next year’s Congress. It’s already scored more than 20 victories, including high-profile elections in California and, just this week, New York.
Jump Crypto put another $10 million into the U.S. political action committee (PAC) that’s seeking to rush as many pro-crypto members into Congress as possible to achieve legislation the industry is after, a spokesman for the PAC confirmed.
A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence’s funding package recently without most in the industry – and many in Congress – apparently aware of it, but industry insiders consider its chances for survival to be limited.
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
The round counts OKX Ventures, HashKey Capital and Animoca Brands among its backers.
The agreement comes as Floki gears up to introduce new products in the coming months, including the Valhalla metaverse game on mainnet.
Aptos will be the first blockchain that uses the Move coding language to integrate Chainlink’s services, according to the announcement at Consensus 2024 in Austin.
The offering will provide crypto trading firms, exchanges and brokers with access to 20 forex pairs.