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Crypto Miner Marathon Digital Plans to Raise $750 Million Through Hybrid Equity Offering
27.10.2023
Crypto mining company Marathon Digital has unveiled plans to raise as much as $750 million through a hybrid equity offering. In a recent filing submitted to the US Securities and Exchange Commission, the company said it plans to use the funds generated from this sale to invest in state-of-the-art...
UK Lawmakers Roll Out Legislation to Seize Cryptocurrencies Used for Illegal Purposes
26.10.2023
The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities. This includes investment scams, hacks, terrorism financing, money laundering, and drug trafficking. Per an official announcement on its website, the new bill...
Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit
26.10.2023
Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC...
Avalanche Blockchain Developer Looks to Expand in India, Hires Key Positions
19.10.2023
Ava Labs, the crypto firm supporting the Avalanche blockchain, is reportedly having plans to partner with Indian government agencies and institutions to expand its operations and help build applications on Avalanche (AVA).
As a part of its expansion plans, the firm has hired Devika Mittal of...
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...
Kraken to Expand Its Presence in Europe With Acquisition of Dutch Crypto Broker
7.10.2023
Crypto exchange Kraken has unveiled its plan to acquire Dutch crypto broker Coin Meester B.V. (BCM). Kraken explained that the Netherlands is a key market in its European expansion plans. “We are committed to growing our business in compliance with European regulations,” the exchange...
Coinbase Attains Full License to Expand Crypto Payment Services in Singapore
2.10.2023
Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore's Payment Services Act.
Coinbase announced that the recent development comes nearly a year after Coinbase received preliminary approval from the Monetary Authority of Singapore (MAS).
With this...
Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India
26.9.2023
Crypto exchange Gemini has unveiled plans to significantly expand its presence in India by investing INR 200 crore (approximately $24 million USD) over the next two years.
The move comes as Gemini inaugurates its office within the Cyber Hub at Campus Cyber Greens in Gurgaon.
Currently, Gemini...
Coinbase Sought to Buy FTX Europe for Its Derivatives Business, Report
24.9.2023
Leading U.S. crypto exchange Coinbase pursued the acquisition of failed coin trading competitor FTX’s European subsidiary, a media report revealed. The move has been seen as proof of the growing importance of derivatives for the American platform’s plan to expand business globally....
eToro secures crypto registration in Cyprus to expand in EU
21.9.2023
According to eToro deputy CEO Hedva Ber, Europe is “hugely important” for the firm as the majority of eToro users are based in the region
Microsoft Plans Expand Support for Crypto Wallets Across Next Generation of Hardware Products, Documents Suggest
21.9.2023
The next generation of Microsoft hardware products might include better support for crypto wallets, a report by Axios suggested on Monday.
According to Axios, detailed documents detailing Microsoft’s plans were just released as part of Microsoft’s ongoing lawsuit with the US Federal Trade...
Paypal Offers More Crypto Payment Options for Web3 Merchants in US
13.9.2023
Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On-...
Bitget Unveils $100M Fund to Expand Ecosystem and Foster Strategic Partnerships
12.9.2023
Bitget, a crypto exchange platform, announces a new $100 million to focus on the growth of its ecosystem. The fund is believed to be focused on developing regional exchanges, analytics firms, and media organizations.
Bitget, the Seychelles-based company, commenced a series of funding earlier this...
Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US
9.9.2023
America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the company says, is enforcing existing rules and...
Indonesia Expands De-Dollarization Efforts With National Task Force Formation
9.9.2023
Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...
Lido DAO Receives Request for $1.5 Million Funding to Expand Solana Liquid Staking
6.9.2023
A group known as the P2P team has requested $1.5 million in funding from the popular staking provider Lido DAO to further develop Lido’s staking service for the Solana (SOL) network.
The request from the P2P team was published as a proposal on Lido DAO’s governance forum, with the team saying...
Multibillion Dollar Oracle Tool Chronicle To Expand Outside of MakerDAO Ecosystem
5.9.2023
Chronicle is said to safeguard over $5 billion in assets held on Maker by ensuring pricing data is in line with the general market
Crypto Exchange OKX Looks to Expand into India
1.9.2023
Seychelles-based crypto exchange OKX is looking to expand into India despite the uncertain regulatory environment.
In an interview with CoinDesk, OKX’s chief marketing officer confirmed that the exchange is planning to foray into India’s web3 space and recruit local staff.
The crypto exchange...
Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...