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HashKey Capital and FTSE Russell Launch Indices Tracking Crypto Assets
24.1.2024
Crypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have unveiled a suite of indices tracking cryptocurrencies. HashKey Capital and FTSE Russell unveiled jointly developed crypto indices on January 24, as per a release shared with Cryptonews....
Sega to Develop New Web3 Games, Reveals Partnership With Finschia
22.1.2024
Sega Singapore, a subsidiary of the worldwide recognized entertainment company, has announced that it will seek to produce new Web3 games as part of a partnership established with Finschia, a blockchain project. As part of this partnership, Sega will also participate in the governance of Finschia...
Solana Mobile Announces Saga Succesor: Chapter 2
18.1.2024
Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release date. Solana Mobile Opens...
Digital Asset Exchange OKX Obtains Retail License in Dubai – Here’s More
16.1.2024
Image Source: Adobe Cryptocurrency exchange OKX has received regulatory approval from Dubai’s financial authorities to offer retail virtual asset services to customers. In a statement on Jan 16, the company disclosed that its Dubai subsidiary has been granted a virtual asset service provider...
Binance Launches Digital Asset Exchange in Thailand in Collaboration with Gulf Innova
16.1.2024
Binance , one of the leading global crypto exchanges, has unveiled its joint venture crypto exchange Binance Thailand, which comes in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development. Binance Thailand, abbreviated as Binance TH, provides a platform for digital asset exchange...
Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense
13.1.2024
Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity...
Phoenix Invests $187 Million in Bitmain BTC-Mining Machines Acquisition
10.1.2024
Source: AdobeStock/artiemedvedev Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. In an announcement made on January 9, Phoenix Computer Equipment, a subsidiary of Phoenix Group, disclosed that...
Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment
10.1.2024
Genesis Global Source: AdobeStock / Timon Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global. Despite DCG’s recent announcement on X that it had fully...
Binance.US Taps Lesley O’Neill as its New Chief Compliance Officer
8.1.2024
Source: AdobeStock / piter2121 Binance.US, the American subsidiary of global cryptocurrency behemoth Binance, has announced the appointment of Lesley O’Neill as its new Chief Compliance Officer. According to a recent announcement, O’Neill brings a wealth of experience to the role, having...
Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis
8.1.2024
Source: Digital Currency Group Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis. The announcement came from DCG CEO Barry Silbert, who took to the social media platform...
Upbit Secures Major Payment Institution License from Monetary Authority of Singapore
8.1.2024
Source: Upbit South Korea’s leading crypto exchange Upbit’s subsidiary Upbit Singapore announced that it has received a Major Payment Institution License from the Monetary Authority of Singapore. This accomplishment follows the previously announced in-principle approval (IPA) in October 2023, under...
Japanese E-commerce Heavyweight Mercari to Accept Bitcoin Payments
8.1.2024
Source: vladim_ka/Adobe Mercari, one of Japan’s biggest e-commerce platforms, says it will start accepting Bitcoin (BTC) from June this year. Per a report from Nikkei, the firm will process Bitcoin payments via its Tokyo-based crypto subsidiary Melcoin. Melcoin will convert all BTC payments into...
Crypto Asset Manager HashKey Capital Secures CMS License from Monetary Authority of Singapore
19.12.2023
Image Source: HashKey Group HashKey Capital’s Singapore subsidiary has obtained a central bank license from the Monetary Authority of Singapore. On December 19, HashKey Capital Singapore announced that it had been granted a full Capital Markets Services (CMS) license by the Monetary Authority...
Bankrupt Crypto Firm FTX Trading Reaches Settlement With Bahamian Subsidiary
19.12.2023
FTX Trading Ltd. and its affiliated debtors have announced a landmark settlement with their Bahamian subsidiary, FTX Digital Markets Ltd., amid ongoing liquidation proceedings. This agreement, pending court approval, promises a novel approach to handling the complex legal challenges stemming from...
Metaverse Firm Improbable Offloads Gaming Subsidiary to Keywords for $96.8 Million
18.12.2023
Source: Pixabay Metaverse startup Improbable has sold its gaming subsidiary, MPG, to Irish video game company Keywords Studios for $96.8 million. The SoftBank-backed metaverse company said in its annual statement published today that it had completed the sale of its games services subsidiary...
NFT-Focused Line Next Secures $140 Million Investment in Funding Round Led by Peter Thiel-Sponsored Firm
14.12.2023
Line Next, a subsidiary of Line Corporation, said on Dec. 13 that it has secured a $140 million investment in a funding round led by the Peter Thiel-sponsored Crescendo Equity Partners. Line Next has said it will use the capital raised to fund the expansion of its global business and develop...
Bitcoin Exchange CoinMENA Receives Operating License From Dubai’s VARA
13.12.2023
Source: Pexels A subsidiary of the Bahrain-based Bitcoin exchange, CoinMENA FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). This marks the seventh VASP license issued by the Dubai regulator. In a press release,...
World’s Largest Oil Company Saudi Aramco Partners With SBI Holdings to Potentially Invest in Digital Assets
13.12.2023
Saudi Aramco, the largest oil and gas company by market cap, has partnered with SBI Holdings, a financial services group in Japan, to explore a potential collaboration for investing in digital assets. SBI also contemplates the launch of a subsidiary in the Middle East to expand its influence in...
Dubai Grants Climate-based AYA Platform Conditional VARA License
12.12.2023
Image Source: Pixabay Dubai’s financial regulator, the Virtual Asset Regulatory Authority (VARA) has issued a conditional operating license to AYA Platform, a web3 launchpad subsidiary of Enjinstarter. In a recent press release, the company disclosed the regulatory nod obtained by VARA to operate...
Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024
5.12.2023
Source: Pixabay Valour, a subsidiary of DeFi Technologies, has revealed plans to introduce 20 new crypto exchange-traded products (ETPs). Announced Monday, the planned offerings include collaborations with foundations like the recent ICP ETP, thematic baskets, short and long-leverage products....