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Vietnam, Philippines, India, China Among Top Countries for Crypto Adoption, Chainalysis Global Index Shows

16.9.2022
Blockchain analytics firm Chainalysis has published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the overall adoption slows worldwide in bear markets, it “remains above pre-bull market...

Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement

14.9.2022
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional...

Celsius CEO plans to restructure firm to focus on crypto custody: Report

13.9.2022
Alex Mashinsky reportedly made the announcement at a Sept. 8 meeting, at which Celsius discussed possible scenarios for its future after filing for bankruptcy in July

SEC's Gensler Holds Firm That Existing Laws Make Sense for Crypto

13.9.2022
Securities and Exchange Commission (SEC) Chair Gary Gensler told the Practising Law Institute last week that existing securities laws fit the crypto markets in a speech that’s garnered attention from all parts of the digital currency ecosystem. Prior to the speech, I had the opportunity to speak...

Crypto Custody Firm BitGo Files $100M Lawsuit Against Galaxy Digital For Breaching Merger Agreement

13.9.2022
Cryptocurrency custody firm BitGo has filed a lawsuit against Galaxy Digital, seeking more than $100 million in damages

VC Firm Northzone Raises $1B Fund for Fintech, Web3 Investments

13.9.2022
London-based venture capital firm Northzone raised a 1 billion euro fund to support technological innovations, such as crypto

Financial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors

13.9.2022
Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto...

‘A Dangerous Looking Moment in Global Economics’ — Veteran Investor Jeremy Grantham Warns S&P 500 Could Plunge Another 26%

12.9.2022
Jeremy Grantham, the co-founder of the Boston-based asset management firm Grantham, Mayo, & van Otterloo (GMO) believes Standard and Poor’s 500 (S&P 500) could drop another 26% during the next 12 months, according to statements the veteran investor made last week. The...

Crypto Services Firm Abra "In Process" of Forming US Bank

12.9.2022
Abra expects its banking platform to launch in 2023

Starbucks Leverages Polygon for Web3 Push, Coffeehouse Chain to Issue NFT Stamps

12.9.2022
On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company’s Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and...

Devere CEO Explains Why He Is Buying the Bitcoin Dip

11.9.2022
The CEO of Devere Group, a financial advisory and asset management firm, has shared multiple reasons why he is buying the bitcoin dip. “Despite the recent turbulence, I believe that the trajectory of bitcoin and other major cryptos is upwards,” he said. Nigel Green Explains Why He...

Blockchain Gaming Publisher and Web3 Firm Animoca Brands Secures $110 Million

10.9.2022
Blockchain gaming publisher Animoca Brands announced the company has raised $110 million in a funding round led by Temasek, Boyu Capital, and GGV Capital. The company raised the funds by issuing convertible notes to a handful of institutional investors. Animoca Brands Raises $110 Million From...

Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre

10.9.2022
California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes amid plunging valuations in the crypto and fintech sectors. Bolt Gives Up Plan for $1.5 Billion Wyre Acquisition Bolt...

500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Security Analysts Report

9.9.2022
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than...

Crypto-Focused Venture Firm Bloccelerate Is Raising $100M for Second Fund

9.9.2022
The fund has already raised $20 million, topping Bloccelerate's $12 million inaugural fund

US Seizes Cryptocurrency Worth $30 Million From North Korean Hackers

9.9.2022
Blockchain data analytics firm Chainalysis has revealed that U.S. authorities have seized cryptocurrency worth $30 million from North Korean hackers. “This marks the first time ever that cryptocurrency stolen by a North Korean hacking group has been seized, and we’re confident...