Dragonfly Launches $225M Fund For DeFi, NFTs And More – March 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,630

Bitcoin price has jumped almost $3,000 from lows over the last 24 hours, jumping back toward the $58,000 mark.

Top-20 altcoins are looking steady, as Ethereum gains 2%, XRP rises 1%, and Klaytyn charges into the top-20 with a 20% run.

Top Stories for March 29, 2021 πŸ”₯

πŸ‘‰ Dragonfly Launches $225M Fund For DeFi, NFTs And More

Dragonfly Capital has launched a new $225 million fund to invest in cryptocurrency projects in the areas of decentralized finance (DeFi), NFTs and more.

The fund has been backed by several prominent names including Sequoia China, as well as crypto exchanges ByBit, OKEx and Huobi.

Dragonfly Capital was founded in 2018 and has invested in more than 35 projects including dYdX, Compound Finance, and Maker.

πŸ‘‰ New York Launches Blockchain-Based Health App For COVID-19

New York Governor Andrew Cuomo has announced the launch of its new blockchain-based digital health app, which will be used as proof of COVID-19 vaccination and test results.

The platform is built on IBM’s distributed ledger and will allow individuals to store their pass on their phone or print it as a paper copy, in a similar way to airline boarding passes.

πŸ‘‰ Visa To Allow Settlement Of Payments In USDC Stablecoin

Visa has announced that it will allow the stablecoin USDC for the settlement of transactions on its network, beginning with a pilot program with Crypto.com.

The first transaction was completed this month, with Crypto.com sending USDC to Visa’s Ethereum address at Anchorage. The company plans to offer the option to more partners later this year.