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Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg
19.5.2023
The firm is looking to capitalize on Hong Kong's re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets
Linus Is Stepping Down As CEO Of Linus Media Group
19.5.2023
Canadian YouTuber Linus Sebastian, best known to most as the guy behind the insanely popular Linus Tech Tips channel, has announced that he’s stepping down as CEO of the companies he helped create and has been running for the past ten years.Read more
Blockchain arms race risks being won by 'adversarial nations' — US crypto lobby group
19.5.2023
The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners
18.5.2023
On Thursday, the bitcoin mining company U.S. Bitcoin Corp revealed the firm has successfully secured hosting agreements with five different companies to install 150,000 application-specific integrated circuit (ASIC) bitcoin miners. The bitcoin mining machines will be hosted in data centers situated...
Whampoa Group Private Family Office to Open Digital Bank in Bahrain – Here's the Latest
18.5.2023
Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms.
In a recent statement, Whampoa Group said it plans to set up the bank, which will provide banking services as well as the trading, custody, and asset...
Report: North Korea Affiliated Cybercriminals Stole $721 Milion Worth Crypto Assets From Japan
18.5.2023
Between 2017 and 2022, hacking groups affiliated with North Korea are thought to have stolen crypto assets worth $721 million from Japan alone. According to the findings of a study by Elliptic, hackers were primarily focused on Japan and Vietnam because operators from the two countries had...
Distributed ledger tech could save TradFi $100B a year: Lobby group
17.5.2023
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
17.5.2023
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on...
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
17.5.2023
The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
14.5.2023
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar...
G7 Nations Discuss Countering China’s ‘Economic Coercion’
14.5.2023
The Group of Seven (G7) countries are discussing ways to counter China’s “economic coercion” against other nations, U.S. Treasury Secretary Janet Yellen has shared. Noting that Canada, France, Germany, Italy, Japan, the U.K., and the European Union share similar concerns,...
Animoca Brands X ALTAVA Group: A license for BAYC NFTs
11.5.2023
Animoca Brands has announced signing a licensing agreement with ALTAVA Group, allowing the Group to use the Bored Ape Yacht Club non-fungible tokens in their portfolio. Per the licensing agreement, ALTAVA Group will leverage the utilities of the BAYC NFT collection to advance its golf-themed...
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
10.5.2023
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued
10.5.2023
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking...
'War on crypto' — Newly filed letters lambast proposed SEC custody rules
9.5.2023
Industry representatives have cast doubt on the legality and impact of the U.S. securities regulator's proposal to expand custody rules
Privacy Project Railgun DAO Adopts Chainway’s ‘Proof of Innocence’ Tool
8.5.2023
Railgun DAO’s new functionality – initially developed by the developer Chainway for use on Tornado Cash – could allow users to mathematically demonstrate that coins involved in transactions did not come from blacklisted addresses. Digital Currency Group, owner of CoinDesk, is an investor in Railgun...
Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban
5.5.2023
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian minister of communications and digital economy, Isa Pantami, said the new policy is a product of consultations with 56 institutions and personalities. Lucky Uwakwe...
Iran Seeks BRICS Membership to Counter Western Hegemony, Promote Multipolar World, Says President Raisi
5.5.2023
Iranian President Ebrahim Raisi has condemned the current unipolar world order, emphasizing that Iran plans to join the BRICS group to help create a multipolar world. “Iran wants to have constructive relations with all states on the basis of common interests,” he stressed. Iran Condemns Unipolar...
Digital Currency Group's Q1 2023 Revenue Jumps, CFO Michael Kraines Resigns – Here's the Latest
3.5.2023
Barry Silbert’s crypto conglomerate Digital Currency Group (DCG) saw its revenue rise 63% in the first quarter compared to the prior quarter, but it was still down on a year-over-year basis.
For the first quarter this year, DCG’s revenue totaled $180 million, up a respectable 63% from the prior...
Digital Currency Group CFO Michael Kraines Stepped Down in April
2.5.2023
The crypto conglomerate also paid off a $350 million senior secured term loan, which was issued by a lender syndicate led by Eldridge