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Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A Philippines-based Sending money across borders is filled with friction, like long wait times, high transaction costs and markups on currency exchange. A Philippines-based startup called Parallax wants to make the process faster and cheaper with a cross-border payments system that can be used for stablecoin, crypto or traditional currencies. Parallax has raised $4.5 million in seed funding to tackle the $21 trillion cross-border payment market.

Inside Jeremy Allaire’s quixotic journey to build the future of money.

Brett Harrison is best known as the former president of FTX US, an embattled U.S.-regulated cryptocurrency exchange that he left before the famous collapse.

Term Labs took inspiration from the U.S. Treasury to build a platform that matches borrowers with lenders according to their preferred rates.

Numerous blockchain startups have secured a combined funding of $90 million, significantly advancing their objectives. Read more.