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US Government Remains Hostile Toward Crypto Despite Ripple’s SEC Win, Says CEO
12.11.2023
Ripple’s CEO says the U.S. government is still hostile toward crypto despite the cryptocurrency firm’s victory against the U.S. Securities and Exchange Commission (SEC). “Until that changes, the banks in the United States are not going to engage meaningfully,” he warned, adding:...
High Court Orders Liquidation of Hodlnaut Crypto Lending Platform – 17,000 Users Impacted
11.11.2023
Source: Hodlnaut The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10. The court has appointed Aaron Loh Cheng Lee and Ee Meng Yen Angela, both from corporate advisory firm EY, as the joint liquidators...
JPMorgan Launches Live Programmable Payments With JPM Coin, Siemens, FedEx Become Early Adopters
10.11.2023
JPMorgan Logo / Source: Adobe Banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its blockchain-powered payment system, JPM coin. *JPMORGAN LAUNCHES PROGRAMMABLE PAYMENTS IN NEW BLOCKCHAIN PUSH — zerohedge (@zerohedge) November 10, 2023...
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...
Blockchain Security Firm Peckshield Reports Suspicious Activity in Poloniex Exchange Wallet – $60 Million Drained?
10.11.2023
Blockchain security firm, Peckshield has flagged suspicious activity on a wallet owned by centralized cryptocurrency exchange Poloniex suggesting alleged losses of over $60 million. The company has not disclosed the actual amount that was stolen but on-chain data outflows to the receiving wallet...
QCP Capital Does Not Expect Spot Bitcoin ETFs to Hit the Market Until 2024
10.11.2023
Image by plysuikvv, Adobe Stock. Trading firm QCP Capital does not expect the Securities and Exchange Commission (SEC) to approve a spot Bitcoin ( BTC) ETF until 2024. In a recent post on Telegram, the company said the anticipation surrounding the approval of spot Bitcoin ETFs is reaching a fever...
Crypto-Focused VC Lightspeed Faction Announces $285 Million Fund for Startups
10.11.2023
Source: Shutterstock Lightspeed Faction, a blockchain-focused venture capital (VC) firm, has revealed plans to launch a new $285 million fund aimed at investing in early-stage projects within the crypto industry. The VC, consisting of team members from prominent entities including Amber Group...
Bitwise Has No Connection With Now-Defunct Bitwise Industries
10.11.2023
Source: Pexels Crypto fund manager Bitwise Asset Management has insisted that it “has no relationship” with the now-defunct technology company Bitwise Industries. The reply comes amid a probe conducted by the US Securities and Exchange Commission (SEC) on Bitwise Industries. The regulator accused...
Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan
9.11.2023
In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a significant overhaul following the tumultuous financial...
Microsoft enters $100M partnership with Canadian firm after quantum breakthrough
9.11.2023
Photonic’s founder and Chief Quantum Officer says the company can bring a quantum computer to market within the next five years
ARK Invest Adds $9.5M Worth of Robinhood Shares to Its Innovation Portfolios
9.11.2023
Source: Adobe Popular crypto-friendly investment firm ARK Invest has significantly increased its stakes in the commission-free investing app Robinhood. According to a November 8 investment sheet posted online, the investment firm secured 1,141,046 units of Robinhood shares, amounting to...
CertiK Data Highlights Significant Slowdown in New Cryptocurrency Launches
9.11.2023
Source: Adobe / Andrii Yalanskyi Recent data from blockchain security firm CertiK has revealed a noteworthy slowdown in the creation of new cryptocurrencies, with the pace now reaching its slowest in three years. Citing data shared by CertiK, CoinDesk on Wednesday reported that the third quarter...
Cryptocurrency Adoption Skyrockets in South and Central Asia, Driven by Real-World Use Cases: Chainalysis
9.11.2023
Source: MyCreative/Adobe Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis. During a recent webinar discussing the Chainalysis 2023 Geography of Cryptocurrency...
Ritual Raises $25M for AI Decentralization, Targets Universal Access with DeFi Integration
9.11.2023
Ritual raises $25M to build a decentralized AI network. Image by ipopba, Adobe Stock. Ritual, a startup building a decentralized platform for artificial intelligence, has raised $25 million in a seed funding round. The funding was led by venture capital firm Archetype, with participation from Robot...
Crypto VC firm Spartan Capital invests in Pendle to drive DeFi growth
9.11.2023
After actively supporting Pendle since its launch in 2021, Spartan Capital has made a follow-on investment in Pendle Finance via an OTC purchase
Standard Chartered, SBI Holdings Establishing $100M Investment Firm Targeting Crypto Startups
9.11.2023
SC Ventures and SBI Holdings' Digital Asset Joint Venture investment company will be established in UAE and focus on firms in market infrastructure, risk and compliance, DeFi and tokenization
Dr. Doom Embraces What He Once Scorned: Nouriel Roubini’s Firm Rolls Out Crypto Amidst Criticism
9.11.2023
Critics are currently roasting economist Nouriel Roubini, whose disdain for cryptocurrency is well-documented, as his company Atlas Capital announces its venture into the very market he once scorned. The firm is rolling out a crypto asset token crafted to combat the “negative effects...
UK Web3 Firm Pimlico Secures $4.2M Seed Investment Led by a16z Crypto
8.11.2023
a16z. Source : Twitter/CRYPTOPURITY.COM Pimlico, a UK-based Web3 company, has successfully closed a seed investment round worth $4.2 million, led by the major venture firm Andreessen Horowitz’s crypto arm a16z Crypto. The new funding round comes after a recent pre-seed round, and marks a “crucial...
HKEX-listed tech firm launches $15M Bitcoin fund
8.11.2023
"The next step for the crypto market depends on a refresh of the Bitcoin network," wrote founder Wang Feng
HSBC Announces Plans to Launch Digital Asset Custody Service in Partnership with Metaco
8.11.2023
Source: AdobeStock / BGStock72 HSBC Holdings aims to introduce a custody service for digital assets, catering to institutional clients seeking exposure to tokenized securities. The global bank will offer the new service in collaboration with Metaco, a technology firm owned by Ripple Labs, according...