Brazil-based digital payments app PicPay is set to launch a cryptocurrency trading platform for its 65 million users, as well as a stablecoin tied to the country’s fiat currency, the Brazilian real. The exchange is the fintech firm’s first cryptocurrency-related offering.
Cryptocurrency-focused venture capital firm Multicoin Capital has announced the launch of its third and largest fund to date, worth $430 million. The firm started raising for the fund in the fourth quarter of last year and closed it in January.
The California Department of Financial Protection and Innovation (DFPI) is investigating several U.S.-based cryptocurrency lenders after a series of prominent lending firms indefinitely halted withdrawals and transfers between user accounts.
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Top stories in the Crypto Roundup today:
- Brazilian Fintech Firm to Offer Crypto Trading to 65 Million Users
- Multicoin Capital Launches 430 Million Fund for Crypto Startups
- California Launches Investigation Into ‘Multiple’ Crypto Lending Firms
- Chart of the Week: BTC Futures Trading Volume by Expiration Date on July 4th
- Sponsored: Nexo - Unleash the Power of Your Crypto