Fund management giant State Street has taken a 9.32% stake in the troubled cryptocurrency bank, Silvergate Capital, according to a filing with the U.S. Securities and Exchange Commission (SEC).
Ethereum layer-2 scaling system Optimism (OP) has proposed a major upgrade that would boost its performance and functionality called BedRock. The proposal offers a “new level of modularity, simplicity, and Ethereum equivalence for layer 2 solutions, providing unprecedented performance and functionality.”
Finnish firm Membrane Finance has released a Euro-backed stablecoin that it claims is the “first and only EU-regulated crypto stablecoin.” The company itself is licensed by the Finnish Financial Supervisory Authority (Fin-FSA).
Top stories in the Crypto Roundup today:
- State Street Takes 9.32% Stake in Crypto Bank Silvergate
- Optimism Foundation Proposes Major Network Upgrade
- Finnish Firm Releases Euro-Backed Stablecoin it Says is EU-Approved
- Crypto Market Movers – APT, T, RNDR