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Western Banks Face Major Asset Seizure in Russia Amid Gazprom Subsidiary Dispute
19.5.2024
In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million...
Block Subsidiary, TBD, Partners With Chipper Cash for Quicker, More Affordable Remittances
17.5.2024
TBD, a subsidiary of Block, owned by Jack Dorsey, has formed a partnership with Chipper Cash, an Africa-focused fintech company. This partnership aims to expedite consumer remittances and make them more affordable. According to a statement, Chipper Cash plans to use the decentralized exchange...
HTX Withdraws Hong Kong Crypto License Application Again – What’s Going On?
15.5.2024
Concerns were raised regarding Huobi Global (HGBL) Hong Kong Limited's capacity to conduct lawful business in the area on May 14 when the HTX subsidiary withdrew its application for a cryptocurrency trading licence from Hong Kong's Securities and Futures Commission (SFC) for the second time.
The...
SoftBank subsidiary to develop semiconductor chips, reports profits after AI shift
13.5.2024
The SoftBank-owned research and development firm Arm said it will develop its own artificial intelligence chips as its owner reports profits after shifting focus to AI
Shiba Inu Price Prediction as New York-based VanEck’s Subsidiary Launches Meme Coin Fund – Will SHIB Skyrocket?
9.5.2024
SHIB has dropped by 1.5% today, with the Shiba Inu price landing on $0.00002242 as the crypto market suffers a 1% loss in the past 24 hours.
The post Shiba Inu Price Prediction as New York-based VanEck’s Subsidiary Launches Meme Coin Fund – Will SHIB Skyrocket? appeared first on Cryptonews
VanEck subsidiary's memecoin index up 137% year-to-date
9.5.2024
This represents a 15 times increase compared to the S&P 500's year-to-date returns in 2024
Samsung Subsidiary Invests in DePIN Firm Roam
24.4.2024
The Samsung subsidiary Samsung Next, an affiliate of Samsung Electronics, has made an undisclosed investment in the DePIN player Roam.
The post Samsung Subsidiary Invests in DePIN Firm Roam appeared first on Cryptonews
BytePlus, the premium ByteDance subsidiary, is coming to Sui
18.4.2024
BytePlus, the enterprise technology subsidiary of ByteDance, recently announced its release to Sui. The company is prominently known for being the brain behind TikTok US. Long Bi (BytePlus Regional Manager) and Adeniyi Abiodun (Mysten Labs Co-Founder) made the announcement at Sui Connect, Dubai....
Sui Blockchain Partners With TikTok Subsidiary BytePlus to Explore Web3 Gaming Opps
17.4.2024
Layer 1 blockchain Sui has partnered with BytePlus, a subsidiary of TikTok’s parent company ByteDance, to explore artificial intelligence and Web3 gaming projects on Sui’s blockchain.
The post Sui Blockchain Partners With TikTok Subsidiary BytePlus to Explore Web3 Gaming Opps appeared first...
Deribit To Set Up Global HQ in Dubai As VARA Grants Conditional License
2.4.2024
Deribit, the world's largest crypto options exchange, said Tuesday that its Dubai-based subsidiary was granted a conditional virtual asset service provider license by the Virtual Asset Regulatory Authority (VARA).
The post Deribit To Set Up Global HQ in Dubai As VARA Grants Conditional License...
Japanese Telecoms Companies Go Crypto: NTT Subsidiary to Launch Crypto Wallet
22.3.2024
Japanese telecoms companies are moving into the web3 space, with a subsidiary of the communications giant NTT set to launch a crypto wallet.
The post Japanese Telecoms Companies Go Crypto: NTT Subsidiary to Launch Crypto Wallet appeared first on Cryptonews
French Energy Giant EDF Subsidiary Becomes Validator on Chiliz Chain – Blockchain Adoption Rising?
21.3.2024
Exaion, a subsidiary of French energy giant EDF, has joined the Chiliz Chain as a validator node. The partnership will bring expertise from the energy and technology sectors, hinting at potential utility-driven blockchain innovation.
The post French Energy Giant EDF Subsidiary Becomes Validator...
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
21.3.2024
Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers
ClearToken Receives Over $10M Investment From Nomura’s Laser Digital, Flow Traders and GSR
13.3.2024
Digital asset clearinghouse ClearToken announced it has received over $10 million in investment from Nomura’s digital asset subsidiary Laser Digital with participation from Flow Traders, GSR, LMAX Digital and Zodia Custody.
The post ClearToken Receives Over $10M Investment From Nomura’s Laser...
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Ethiopia Explores Crypto Mining with New Hong Kong Data Center Deal
16.2.2024
Ethiopia has inked a memorandum of understanding with Data Centre Service, a subsidiary of Hong Kong’s West Data, to build a $250 million data mining infrastructure project in the country. Data centres provide the facilities to host large-scale Bitcoin mining operations. The East African...
Deutsche Börse Group’s Crypto Subsidiary Granted Four Licenses by the German Regulator
15.2.2024
A subsidiary of the German multinational company Deutsche Börse Group has been granted four licenses by the German Federal Financial Supervisory Authority or Bafin. The licensing of the subsidiary helps to distinguish its product offering “as one of the few to meet these exceptionally high...
Deutsche Börse’s Subsidiary Crypto Finance Gets BaFin License
13.2.2024
BaFin, Germany’s financial regulator, has issued four licenses to Crypto Finance, a firm operated by leading stock exchange Deutsche Börse. The key licenses will allow Crypto Finance to carry out regulated digital asset trading, settlement, and custody services in Germany. The Swiss Financial...
FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings
11.2.2024
FTX Trading Ltd. and its affiliates have announced a plan to sell a subsidiary it acquired for $10 million to Coinlist for $500,000, court documents filed on Feb. 9, 2024 show. The latest motion, filed in the United States Bankruptcy Court for the District of Delaware, details the proposed sale...
CoinList to Acquire FTX’s Digital Custody Subsidiary in Cut-Price Deal
11.2.2024
The FTX Debtors estate, under the leadership of CEO John Ray III, has initiated the process of selling Digital Custody Inc. (DCI) to CoinList. FTX had previously acquired the subsidiary in two separate transactions, one in December 2021 and the other in August 2022, for a total of $10 million....