High Street bank Barclays Plc is reportedly taking a stake in cryptocurrency company Copper.

Sky News reports that Barclays plans to invest millions of dollars in the London-based firm, whose advisers include former chancellor Philip Hammond, in a Series C funding round.

Founded in 2018 by CEO Dmitry Tokarov, Copper provides a gateway to the crypto asset space for institutional investors by offering custody, prime brokerage and settlement services.

Its proprietary ClearLoop technology infrastructure for cryptocurrency trading powers hundreds of exchanges, trading firms and payment processors.

The company, which is expanding globally, closed a £35m Series B funding round in May 2021 and is expected to be valued at $2bn as of its latest fundraising.

Series B was co-led by leading B2B software investor Dawn Capital and Target Global, who led Copper’s Series A round, with participation from Illuminate Financial Management, existing Copper investors LocalGlobe and MMC Ventures, and a number of industry-renowned executives and entrepreneurs FinTech. serving as strategic angels.

Crypto payments firm BCB Group names deputy CEO

Cryptocurrency shorts

Crypto lender Voyager Digital has rejected an offer by FTX and its investment arm Alameda Ventures to buy its digital assets, saying it “does not maximize value” and potentially “harms customers.”

The proposed class-action lawsuit alleges that Yuga Labs “improperly coerced” investors into purchasing Bored Ape Yacht Club irreplaceable tokens and the related ApeCoin (APE) token. Law firm Scott+Scott alleges that Yuga Labs used promoters and celebrity endorsements to inflate prices.

Law firm Bragar Eagel & Squire has filed another class action lawsuit against Celsius Networks companies and key personnel. Inviting anyone who purchased Celsius securities in the past four years to join, the complaint alleges that Celsius and its executives “intended and deceived retail investors … into purchasing Celsius financial products at artificially inflated prices” and “made false statements about material facts”. . Celsius recently went bankrupt.

A study by Forex Suggest found that only 21.6% of senior employees in the world’s leading crypto companies are women.

An analysis by the Boston Consulting Group predicts that by 2030 there could be as many as one billion Bitcoin users worldwide. However, only 0.3% of personal wealth is currently invested in cryptocurrencies, as opposed to 25% in stocks.

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Crypto prices

Over 20,300 coins have a total market cap of $1.01 trillion at the time of writing (7am UK), down from 1.05 trillion on Friday morning, thanks to a fall of more than 3% in the last 24 hours.

Market leader Bitcoin – the original cryptocurrency created by the mysterious Satoshi Nakamoto – has lost more than $1,000 in the past three days to $21,925. BTC is up 1% for the week.

Ethereum, the second most valuable cryptocurrency built as a decentralized network for smart contracts on the blockchain, fell $75 to $1,525. ETH is up 7% for the week.

Binance Coin is a cryptocurrency created by the popular crypto exchange Binance to help it become an infrastructure service provider for the entire blockchain ecosystem. Its BNB token lost $11 to $256, bringing it down 1% in seven days.

Ripple’s XRP token, a payment asset exchange and money transfer system, acts as a bridge for transfers between other currencies. XRP fell 2 cents to 34.7 cents and its value is down 4% compared to seven days ago.

Cardano is an open-source dApps-facilitating network that bills itself as an upgraded version of Ethereum. Its ADA token, designed to allow holders to participate in the operation of the network, fell 0.5 cents to 49.6 cents and is up 5% for the week.

Solana is a blockchain built to make decentralized finance available on a larger scale – and is capable of processing 50,000 transactions per second. Its SOL token fell $5 to $38.54 and is 8% lower than its value a week ago.

The DOGE meme coin was created as a satire on the hype surrounding cryptocurrencies, but is now a major player in the space. DOGE fell from 0.5 to 6.5 cents and is down 1% in seven days.

Polkadot was founded by the Swiss Web3 Foundation as an open source project to develop a decentralized network. Its DOT token, which is designed to securely connect blockchains, is down 46 cents at $7.10, or 4% from its value a week ago.

A polygon aims to securely connect blockchains as a kind of decentralized Internet. Its MATIC token fell from 7 cents to 84 cents, down 5% for the week.

Avalanche is a lightning-proof platform for institutions, businesses and governments. Its AVAX token fell more than $2 to $22.41, down 3% for the week.

To see how valuations of major coins have changed recently – and get a roundup of the latest cryptocurrency news – Click here.

See below for the top 100 coins by market cap in USD plus 24-hour price change.

In Crypto: Barclays ‘buys stake in crypto firm Copper’

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