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Major US cryptocurrency exchange Coinbase has acquired Echo, a platform that allows communities to raise funds for early-stage projects and startups.

Coinbase announced on Tuesday that it had acquired Echo, the crowdfunding platform founded by crypto trader Jordan Fish (known as Cobie in the community), for $375 million.

The acquisition came a day after Coinbase transferred $25 million in USDC to Cobie's wallet to purchase and burn a non-fungible token (NFT).

Are ICOs back? Why Coinbase is betting $375 million on on-chain ICO crowdfunding

Fed Board Member Chris Waller has proposed a new type of account that would provide direct access to the Fed's payment system.
This model, called the “limited-access master account,” or “skinny master...

FED Delivers the Development Ripple Was Asking For

Japan's SBI Holdings has confirmed a $200 million investment in Evernorth, a first of its kind institutional vehicle built to accelerate XRP adoption.
In a recent tweet, Chairman and CEO of SBI Holdin...