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Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm
17.5.2023
Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.
One of the world’s largest market makers claims that Leonard Lancia and Alex Casimo started raising capital and building the trading firm Portofino Technologies, while still working...
Berenberg Investment Firm Analyst Sees MicroStrategy as Safer Bet than Coinbase Due to SEC Risk
17.5.2023
An analyst at Berenberg investment firm believes MicroStrategy is now a safer bet compared to Coinbase due to the exchange's regulatory issues.
Mark Palmer, an equity research analyst at Berenberg Capital Markets, said the US Securities and Exchange Commission will likely file an enforcement...
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
17.5.2023
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....
Ripple acquires Swiss blockchain custody firm Metaco for $250M
17.5.2023
Metaco raised $17 million in a Series A funding round in 2020. The company raised $20 million in total before being acquired
Ripple Buys Crypto Custody Firm Metaco for $250M
17.5.2023
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani
Axie Infinity's Token Jumps 12% After Firm Lists Game on Apple App Store
17.5.2023
The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz
16.5.2023
On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage...
Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company
16.5.2023
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands...
BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says
15.5.2023
The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say
SEC Seeks to Slash $22M Fine on Crypto Firm LBRY to $111K
15.5.2023
A U.S. judge ruled in November that the crypto startup had violated securities laws by selling its native LBC token without registering with the SEC
Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% per Dollar
13.5.2023
EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28...
10T Private Equity Firm Seeks $200 Million for New Crypto Startup Investment Fund
12.5.2023
Crypto-focused investment firm 10T Holdings is launching a new digital-asset startup investment fund seeking to raise $200 million from investors.
The new venture, dubbed TenSquared Capital, or 10SQ, aims to back digital asset startups at various stages of growth, Bloomberg reported, citing people...
$1.4 Trillion Asset Management Firm Franklin Templeton Announces Blockchain Fund II, Targeting Institutional Investors
12.5.2023
Asset management giant Franklin Templeton has announced that it is setting up a second blockchain fund, after first entering the crypto market in 2021.
Franklin Templeton Blockchain Fund II, which is the official name of the new fund, will be a private equity fund with a minimum investment amount...
Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins
12.5.2023
Animoca Brands has disclosed that it is “financially strong” to continue operations.
The Hong Kong-based firm reported a stablecoin reserve of $194 million as of April 30, 2023.
It also sits on $566 million worth of liquid digital assets, including a utility token for the "Sandbox NFT metaverse...
Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins
12.5.2023
Animoca Brands has disclosed that it is “financially strong” to continue operations.
The Hong Kong-based firm reported a stablecoin reserve of $194 million as of April 30, 2023.
It also sits on $566 million worth of liquid digital assets, including a utility token for the "Sandbox NFT metaverse...
Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation
11.5.2023
Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into...
Billionaire Mike Novogratz's Galaxy Digital Crypto Firm Reports $134 Million Profit in Q1 2023 – Crypto Bull Market Back?
10.5.2023
Crypto bull Mike Novogratz’s firm Galaxy Digital reported a profit of $134 million in the first quarter of this year, missing analysts’ expectations.
Galaxy’s earnings per share (EPS) for the quarter came in at $0.55, missing an estimate by analysts of $0.76....
Read More: Billionaire Mike...
Crypto Security Firm Dfns Adds Biometric Support to Wallet Development Toolkit
9.5.2023
The addition will allow wallet developers to incorporate Face ID, fingerprints, and other convenient authentication methods into their products
Bankrupt Crypto Lending Firm Celsius Targeted for Acquisition by Apollo and NovaWulf
9.5.2023
Apollo Global Management is reportedly part of a bid by crypto investment firm NovaWulf to acquire the bankrupt crypto lender Celsius Network.
On April 30, Celsius named several companies interested in buying the lender, including NovaWulf, Fahrenheit LLC, and the Blockchain Investment Recovery...
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
8.5.2023
Chinese tech company Iflytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year