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DeFi Market Concentration: Gauntlet Data Reveals Few Major Projects Dominate the Industry
16.11.2023
Image Soure: Adobe A limited number of participants are currently dominating decentralized finance (DeFi), the sector aiming to recreate financial markets without intermediaries. According to data gathered by Gauntlet, a crypto-risk modeling company, most categories within DeFi, such...
Three Arrows Capital Co-founder Kyle Davies Seen in Bali: Report
16.11.2023
Source: Pixabay Kyle Davies, co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has reportedly been spotted in Bali while he continues to escape arrest from Singaporean authorities. Images provided to Cointelegraph show Davies with an unknown woman at the Milk and Madu cafe...
3AC co-founder Kyle Davies spotted in Bali, sources claim
16.11.2023
Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund
Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst
16.11.2023
Bloomberg ETF analyst James Seyffart thinks Grayscale’s Ether futures ETF application is just a ploy to corner the SEC to approve its spot Ether ETF
Sora's First Summit Brought Sam Bankman-Fried to Hong Kong. Now, They've Got Their Eyes on Taipei.
15.11.2023
Jason Fang and Sora Ventures have opened up shop with a marquee office in Taipei 101, and want to revolutionize science with the bitcoin blockchain
CFX Labs Secures $9.5 Million Seed Round To Expand Solana-based Payment Network
15.11.2023
Source: Pixabay CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network. The US-based fintech firm said in a press release on Wednesday that the fundraising was oversubscribed, with Shima Capital, Decasonic, Antalpha, CMT Digital...
Kevin O’Leary Says Binance Could Lose Half of its Customers to Abu Dhabi’s M2 Exchange
15.11.2023
Image Source: CNBC Shark Tank star Kevin O’Leary has predicted that Abu Dhabi’s M2 exchange could pose a significant threat to industry giants. According to O’Leary, M2 will emerge as the largest regulated crypto exchange globally as it is backed by substantial capital and...
Binance Labs invests in ARKM, the native token of Arkham platform
15.11.2023
Binance Labs, the venture capital arm of Binance Exchange, has invested in ARKM, the native token of the crypto intelligence platform Arkham
Blockchain.com Receives $110 Million in Series E Funding Led by Kingsway Capital
15.11.2023
Source: Blockchain.com The crypto exchange Blockchain.com has successfully raised $110 million in its latest Series E funding round. This substantial financial boost was led by Kingsway Capital, a UK-based investment management firm. Alongside Kingsway Capital, the Series E round saw participation...
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
15.11.2023
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market
Blockchain.com $110M funding round halves its 2022 valuation: Report
15.11.2023
Despite new investment in the crypto exchange, Blockchain.com’s valuation has more than halved from its $14 billion peak
Australia Introduces Capital Gains Tax For Wrapped Tokens
14.11.2023
Source: Pixabay The Australian Taxation Office has issued an update on its capital gains tax for crypto products, stating that it also extends to wrapped tokens or token interaction with decentralized lending protocols. The previous edition of the capital gains tax stated that capital gains...
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
14.11.2023
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols
Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report
14.11.2023
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England
Australia to impose capital gains tax on wrapped cryptocurrency tokens
14.11.2023
Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax
Foresight Ventures Acquires The Block in $70 Million Deal
13.11.2023
Source: Pixabay Crypto news site The Block has been sold to venture capital group Foresight Ventures in a $70 million deal. Foresight Ventures will acquire a 80% share of the company, Axios reported. The Block CEO Larry Cermak said in an X post on Monday that the acquisition would provide...
Cboe Digital to Launch Bitcoin and Ether Margin Futures in 2024; Aims to Bolster Liquidity
13.11.2023
Cboe Digital has announced plans to offer margin futures trading for bitcoin (BTC) and ethereum (ETH) starting January 11, 2024. The initiative, which features a platform integrating spot and futures trading, has garnered backing from a slew of fintech and crypto firms. Cboe says the service...
Genesis, Three Arrows Capital Reach Agreement on $1B of Claims
13.11.2023
The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC
Bitcoin Argentina Presents Draft Legislation to Regulate Cryptocurrency
12.11.2023
Image Source: Pixabay Bitcoin Argentina, a non-government organization dedicated to promoting crypto, has presented a draft bill aimed at regulating the cryptocurrency market in a manner that ensures decentralization and enhances public trust. The proposal was introduced by Bitcoin...
Maven 11 Targets $100 Million in Funding for Third Crypto Venture Fund
10.11.2023
Source: Adobe / Sutthiphong Amsterdam-based crypto venture capital firm Maven 11 has unveiled its third fund with a goal of securing $100 million. This research-driven fund will aim to invest in early-stage crypto projects that align with Maven 11’s mission to “redefine...