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Blockchain Messaging Platform Wormhole Raises $225M at $2.5B Valuation
29.11.2023
Wormhole, which was recently separated from parent Jump Trading Group after it scaled back its crypto operations, is a developer platform which allows different blockchain networks to communicate with each other
Bitcoin Group Addressing 'Serious Deficits' in Money Laundering Measures Flagged by German Regulator
29.11.2023
The group reportedly said Wednesday that it has "no indications of violations of money laundering and terrorist financing laws."
Santander Selects Crypto Custody Firm Taurus for Safeguarding: Source
29.11.2023
Santander Private Bank last week said it was offering bitcoin and ether trading for clients with accounts in Switzerland
Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit
29.11.2023
Source: AdobeStock / Timon The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG. DCG Commits to Settling $324.5M in Loans by April According...
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
29.11.2023
The deal would see DCG repay $275 million it owes to Genesis by April
Bitcoin mining firm Phoenix Group delays share listing
28.11.2023
Due to UAE's National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023
Carl Runefelt, CEO of The Moon Group, donates to the Emirates Down Syndrome Association
28.11.2023
The Emirates Down Syndrome Association (EDSA) has received a remarkable donation of 300,000 AED from Carl Runefelt, CEO of The Moon Group (https://moongroup.com/). Mr. Runefelt’s gesture reflects his commitment to improving the lives of individuals with Down Syndrome, inspired by his personal...
HSBC, Hang Seng Join China’s Digital Yuan Pilot
28.11.2023
Source: Eagle/Adobe The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Chinese arm confirmed...
South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’
28.11.2023
Source: DrArt/Adobe Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old charged...
TGA’s Geoff Keighley Weighs In On Dave The Diver Nomination Controversy
27.11.2023
An intense debate ignited November 13, when The Game Awards host Geoff Keighley announced the nominees for this year’s trophy ceremony. While some folks were surprised Pikachu face by Starfield’s absence, most people were shook by one particular title offered up for the “Best Independent Game”...
North Korean Hackers Disguise as South Korean Govt Agencies to Steal Cryptos: Report
27.11.2023
Source: Pixabay North Korea’s state-backed hacking group ‘Kimsuky,’ is supposedly behind a cryptocurrency heist, where hackers disguised as South Korean government agencies. Per a local report, hackers impersonated as South Korean journalists, government agencies and research institutes. Between...
Tether and Bitfinex Settle Dispute, Will Share Information Under FOIL Request – Here’s What You Need to Know
25.11.2023
Source: AdobeStock Tether and Bitfinex have agreed to settle their dispute regarding a Freedom of Information Law (FOIL) request filed by a group of journalists, including Zeke Faux from Bloomberg Businessweek. In a recent announcement, Tether hailed the move as a step towards greater transparency...
UAE’s Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubscribed IPO
24.11.2023
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $370 million through an initial public offering (IPO) that was highly sought after...
Gold Smugglers in Nepal Caught Exchanging 33kg of Gold for Tether USDT Stablecoin
23.11.2023
Source: AdobeStock / Krakenimages.com An international, organized criminal network has been busted for gold smuggling and using the tether (USDT) stablecoin in its $16 million-worth illegal operations. According to the local media report by The Rising Nepal, the group managed to smuggle 33 kg...
Blockchain Association Releases 2023 Annual Report
22.11.2023
The Blockchain Association released its annual report on Wednesday, November 22nd, showcasing the challenges and highlights faced by the crypto sector this year. Driving crypto forward Founded in 2018, the Blockchain Association is a crypto advocacy group spearheaded by CEO Kristin Smith. According...
BCB Group CEO Steps Down Following Exit By Fellow Executives
22.11.2023
Crypto banking firm, BCB Group, announced the departure of CEO Oliver von Landsberg-Sadie today following the exits of two other executives, according to a company email sent Wednesday. A number of notable clientele BCB Group was originally founded by von Landsberg-Sadie and Oliver Tonkin as...
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...
Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy
22.11.2023
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm
Crypto Miner Phoenix Group’s IPO Sales 33X Oversubscribed
21.11.2023
Source: Brian Wangenheim/Unsplash Multinational crypto mining and blockchain giant Phoenix Group has achieved a significant milestone in its initial public offering (IPO) raise. According to a press release, the mining company was able to close its IPO raise after investors oversubscribed 33 times...
Digital Asset Miner Hut 8 Reports 44% Increase in Carbon Credits Amid Sector’s Energy Consumption – Mining Making a Comeback?
21.11.2023
Source: AdobeStock / Photocreo Bednarek Cryptocurrency miner, Hut 8 partnered with Sparta Group’s ERS International to establish neutral carbon emissions in 2025 and has recorded massive wins this year. The Canadian-based crypto miner joined the carbon credit program with a vision toward 2025...