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Crypto Privacy Protocol Manta Network's Team Valued at $500M
20.7.2023
P0x, the development firm behind the privacy-preserving Polkadot-based protocol Manta Network, has reached a valuation of $500 million after concluding a recent funding round.
The recent Series A funding round brought in $25 million to the company, an announcement from Wednesday this week said....
Nomura's Laser Digital Injects Fresh Funds Into Web3 Incubator Supported by Alan Howard
20.7.2023
Laser Digital, the Swiss digital asset subsidiary of the renowned Japanese financial services giant Nomura, has recently invested in Webn, an incubator backed by Alan Howard.
Webn primarily focuses on nurturing firms that serve institutional digital assets and Web3.
Alan Howard, co-founder...
24th Quarterly BNB Burn Successfully Completed by Binance
20.7.2023
The embattled crypto exchange giant Binance completed its quarterly burn of 1.99 million BNB coins worth around $477 million on Wednesday successfully.
The exchange has been conducting such quarterly burns of BNB to reduce the token’s supply since October 2017.
The price of the BNB did not see...
Former FTX COO Constance Wang Joins Sino Global Crypto Fund
20.7.2023
Zhe Constance Wang, a former associate of the embattled FTX CEO Sam Bankman-Fried has joined Sino Global Capital, a digital asset fund as its head of gaming.
Wang has often been described as a “right-hand man” of Bankman-Fried in his funding push during her time at FTX. She joined the exchange...
Kuwait Regulator Issues “Absolute Prohibition” on All Crypto-Related Operations
20.7.2023
Kuwait’s supervisory authorities – the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry and the Insurance Regulatory Unit – have jointly issued circulars banning the use and recognition of virtual assets in the Arab nation....
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Republican Lawmakers Accuse SEC Chair Gensler of Manipulating News Cycle to Hinder Crypto Legislation
20.7.2023
Senior Republican members of the US House of Representatives expressed their concern about the US Securities Exchange Commission’s approach to crypto regulation in a letter to the financial regulator’s chair Gary Gensler.
Representatives French Hill of Arkansas and Dusty Johnson of South Dakota...
Stellar Development Foundation shares its Q2-2023 achievements
20.7.2023
Stellar Development Foundation, also referred to as SDF, has published its performance for the second quarter of 2023. This marks a significant step since the community is done with half of the current year, which is 2023. Making it more interesting is the fact that SDF has been able to stick...
Berenberg: Coinbase Earn Faces Significant Regulatory Challenges, Security Classification Risk
19.7.2023
Coinbase’s “Earn” program is particularly vulnerable to regulatory action following the recent ruling in the case between Ripple and the US Securities and Exchange Commission (SEC), a report from investment firm Berenberg Capital has warned.
In the report, the firm said the risk for Coinbase...
Financial Services Giant Societe Generale Secures First French Crypto License For Its Crypto Division
19.7.2023
French banking giant Societe Generale’s crypto arm has received a full Digital Asset Service Provider (DASP) license from the country’s financial regulator Autorité des Marchés Financiers (AMF).
SG Forge, the bank’s digital asset division, has become the first entity to obtain a crypto permit...
FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
19.7.2023
Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday. ...
Read More: FCA Issues Warning: Crypto Memes Could Violate Financial Promotion Rules
Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe
19.7.2023
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.
New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. ...
Web3 VC Funding Takes a Nosedive: Crunchbase Data Shows 76% Drop
19.7.2023
Funding of Web3 firms from venture capitalists has dropped 76% in the second quarter this year as compared to the same quarter in 2022, Crunchbase data revealed.
Web3 firms raised just over $1.8 billion in the second quarter of 2023 as compared to $7.5 billion during the same period last year. ...
Venture Capital Firm CoinFund Raises $158 Million to Drive Innovation in Early-Stage Crypto and AI Companies
19.7.2023
The crypto-focused venture capital firm CoinFund has closed a fundraising round for its latest VC fund, the CoinFund Seed IV Fund, after raising $158 million from investors.
The investors in the new fund are a combination of family offices, institutional investors and high-net worth individuals...
Australian Securities Regulator Revokes FTX’s Local Financial Services License
19.7.2023
The Australian Securities and Investments Commission (ASIC) has canceled the financial services license of FTX’s Australian subsidiary effective from July 14, impacting 30,000 customers.
With the cancelation of the license, FTX Australia can no longer operate as an exchange in the country....
Cronos X Ubisoft: Advances blockchain in gaming
19.7.2023
Cronos, which is a top blockchain that works with Ethereum, as well as Cosmos ecosystems, has formed a collaboration with Ubisoft. Through this collaboration, Ubisoft will remain involved with blockchain technology via its Strategic Innovation Lab. Ubisoft, which is an absolute top-of-the-line...
Hedera Network Powers Shinhan Bank's Successful Test of Stablecoin Payments
19.7.2023
The South Korean commercial banking giant Shinhan Bank completed an EMV-compatible feasibility test for stablecoin remittance payments on the Hedera network.
According to the press release, the pilot included SCB TechX, Siam Commercial Bank's technology innovation business unit....
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Hardware Wallet Maker Ledger Targets Latin America Growth
19.7.2023
The crypto hardware wallet producer Ledger is looking to expand into the Latin America region, and is targeting growth in “Central and South America.”
Per Criptonoticias, the French firm has announced plans for an “expansion” that Ledger hopes will “strengthen” its supply chain “operations” across...
SEC Chair Gary Gensler Expresses Disappointment Over Ripple Court Ruling, Continues Evaluation
18.7.2023
Securities and Exchange Commission (SEC) chair Gary Gensler has said he is “disappointed” in a court ruling that declared that Ripple’s XRP token is “not in and of itself” a security....
Read More: SEC Chair Gary Gensler Expresses Disappointment Over Ripple Court Ruling, Continues Evaluation
SEC v. Ripple Case Referred to Magistrate Judge Sarah Netburn, Who Ordered 'Hinman Documents' Release
18.7.2023
Remaining questions in the legal battle between Ripple and the US Securities and Exchange Commission (SEC) have been referred to Magistrate Judge Sarah Netburn, the judge who ordered the release of the so-called ‘Hinman documents.’
Magistrate Judge Netburn will now take care of general pretrial...
Report: Declining Profit Forces Binance Crypto Exchange to Scale Back Employee Benefits – Is The Bear Market Back?
18.7.2023
Binance, the world’s largest cryptocurrency exchange, has grown increasingly frugal amid declining profits after boasting that it had prepared a “war chest” last year....
Read More: Report: Declining Profit Forces Binance Crypto Exchange to Scale Back Employee Benefits – Is The Bear Market Back?