Bitcoin is holding itself strongly for many investors despite its price volatility. However, the price fluctuations are due to short-term holders with wallet activity since the last six months which assume price activity to gain profit.
Unchained Capital Finalizes $25M Series A Round led by Bitcoin Tech and Financial Services Provider NYDIG
June 5, 2021 @ 5:40 pm By Omar Faridi
Unchained Capital, Inc. recently revealed that it has completed the initial closing of a $25 million Series A round that was led by institutional Bitcoin tech and financial services provider,
NYDIG and parent firm
Stone Ridge Holdings Group.
In addition to participating in the equity round and increasing their minority stake, NYDIG has reportedly decided to make an incremental lending commitment of $100 million. NYDIG says it will remain the principal funding partner to Unchained Capital which will support its Bitcoin-backed multisig lending solution.
/PRNewswire/ Unchained Capital, Inc. announced today the initial closing of a $25 million Series A capital raise led by institutional bitcoin technology and.
Unchained Capital, Inc. announced today the initial closing of a $25 million Series A capital raise led by institutional bitcoin technology and financial services firm NYDIG and parent company Stone Ridge Holdings Group.
NYDIG Partners with FIS to Bring Bitcoin to 300M US Bank Accounts
May 5 2021 · 18:09 UTC by Steve Muchoki · 3 min read
Photo: Depositphotos
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Robby Gutmann, CEO of NYDIG, said that banks have shown great interest to incorporate Bitcoin as an asset.
In one of the latest and largest institutional moves towards the cryptocurrency market, NYDIG has announced a strategic partnership with Fidelity National Information Services (FIS) Inc (NYSE: FIS) to bring Bitcoin (BTC) to over 300 million United States banks in the coming months.
“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationships,” said Patrick Sells, head of bank solutions at NYDIG. “If I’m using my mobile application to do all of my banking, now I buy, sell and hold bitcoin.”