Blockchain.com Receives $110 Million in Series E Funding Led by Kingsway Capital
15.11.2023
Source: Blockchain.com The crypto exchange Blockchain.com has successfully raised $110 million in its latest Series E funding round. This substantial financial boost was led by Kingsway Capital, a UK-based investment management firm. Alongside Kingsway Capital, the Series E round saw participation...
Crypto Custodian Hex Trust Secures Full Operating License in Dubai for Institutional Services
15.11.2023
Source: Pixabay Institutional-grade crypto custodian Hex Trust has successfully obtained a full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced today. This operating license represents the conclusive approval under VARA’s regulatory...
SEC’s FY 2023 Enforcement Actions Yield $5 Billion in Fines from Wall Street and Crypto Giants
15.11.2023
Source: Adobe/Kristina Blokhin The US Securities and Exchange Commission (SEC) has announced that its enforcement actions in fiscal year 2023 resulted in nearly $5 billion in fines and reimbursements to investors. In a Tuesday press release, the agency said it has targeted Wall Street brokerages...
Circle Introduces Zero-Fee USDC Minting with Circle Mint in Singapore
15.11.2023
Source: Circle Internet The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore. This strategic initiative comes on the heels of Circle securing the Major Payments Institution (MPI) license from the Monetary...
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
15.11.2023
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market
Blockchain.com Closes $110M Raise: Bloomberg
15.11.2023
The exchange's valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report
40+ Countries Implementing International Crypto Reporting Framework
15.11.2023
Over 40 countries have agreed to implement the crypto reporting framework developed by the Organisation for Economic Co-operation and Development (OECD) as mandated by the G20. The widespread, consistent, and timely implementation of this crypto reporting framework “will further improve...
South Korean Woman Avoids Jail After Stealing Ex-husband’s $1.3m Crypto Stash
15.11.2023
Source: moon/Adobe A South Korean woman who stole her ex-husband’s $1.3 million crypto stash has been handed a suspended jail sentence. Per Yonhap News, an unnamed woman aged 32 stole the coins from her ex-partner’s crypto wallet after the end of their common-law marriage. The 14th Criminal...
Crypto Custodian Hex Trust Obtains Full Dubai Operating License
15.11.2023
This final approval allows the firm to offer digital asset custodial services to institutional clients and sophisticated investors in Dubai
Ethereum’s rollups are 'gold standard’ but Plasma needs a revisit: Buterin
15.11.2023
Vitalik Buterin called the early Ethereum scaling solution Plasma “underrated” and a “significant security upgrade” for chains that would otherwise be validiums
JPMorgan, Apollo Tokenize Funds in 'Proof of Concept' With Axelar, Oasis, Provenance
15.11.2023
The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains
JPMorgan Expects JPM Coin to Hit $10 Billion in Daily Transactions in Coming Year
15.11.2023
Source: AdobeStock / Alexey Novikov JPMorgan Chase & Co. is expecting its digital token, JPM Coin, to process $10 billion in daily transactions in the upcoming year. This projection comes from the insights shared by Umar Farooq, the bank’s Global Head of Financial Institution Payments...