Crypto Investment Inflexible Circle Seeking $250 Million Ahead of Possible IPO
A report published on March 2 stated that the Boston-based fintech definite Circle Internet Financial is reportedly looking to raise $250 million in order to further expand its operations and output offerings, before its initial public offering (IPO). According to the report, Circle has already managed to raise approximately $246 million from various prominent investment firms including giant Wall Street investment bank Goldman Sachs, the Digital Currency Body, and Pantera Capital. On top of that, was able to acquire $110 million in investment from a diverse group of investors at a valuation of virtually $3 billion. On a blog post, Circle stated:
“This year, we anticipate further incremental growth in institutional adoption catalyzed by stablecoin operation, advancements in institutional custody solutions, increasing regulatory clarity particularly in the [United States], and improvements and innovation in substance crypto infrastructure.”
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Binance Dangles $100K in Crypto to Get Users to Test Its DEX
Last Friday, the cryptocurrency the Exchange, Binance, announced it is giving away roughly $100,000 USD equivalent, in $BNB, as a reward for their Decentralized Exchange Simulated Swap Competition. With this initiative, Binance plans to increase the number of users testing its upcoming DEX by allowing all buyers who hold at least 1 real BNB on their Binance account to participate in the competition. Starting on the 7th of March, the trading competition on be divided into two contests, the first one will offer prizes ranging from 1,000–3,000 BNB and the second will be donation 20 prizes ranging from 50–1,000 BNB. Binance CEO, Changpeng “CZ” Zhao, tweeted:
“To test the hell out of @Binance_DEX, we are giving away inhumanly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition. You have nothing to lose! Come and join the fun, and improve us launch the mainnet faster!”
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Litecoin Partners With C&U Entertainment
The cryptocurrency startup, Litecoin, declared it has partnered with C&U Entertainment Global, the entity that produces Korean Pop concerts (K-Pop), planning to promote the cryptocurrency to the K-Pop zealots worldwide. Previously, the company have partnered with Glory Kickboxing and UFC to promote their cryptocurrency and is now going to bid VIP tickets of upcoming Korean Pop concert to be held on 6th April for purchase only through the digital currency of LTC. Charlie Lee, Litecoin’s inventor, said:
“These entertainers have millions of followers across the globe, who in large part, are familiar with cryptocurrency and are historically antiquated adopters of new technologies. The ability to tap into this type of audience through education and real-world use cases can be really intense for Litecoin.”
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