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Crypto Financial-Services Firm Galaxy Digital Hires Andrew Lace for Its London Trading Division
31.8.2022
The firm has been hiring aggressively despite concerns of a crypto winter and plans to end the year with more than 400 employees
Brazilian Brokerage Platform Rico to Offer Cryptocurrency Services Next Year
27.8.2022
Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps...
Tornado Cash Ban Blows Winds of Both Division and Unity Through Crypto Community
9.8.2022
The move from the United States Treasury’s Office of Foreign Assets Control (OFAC) to effectively ban the Ethereum (ETH)-powered crypto mixing service Tornado Cash has polarized the crypto community.
Some think it is a sign that more sweeping regulatory measures could be on their way – while...
Tetris Owner Playstudios to Launch Blockchain Gaming Division and Web3 Fund
5.8.2022
Playstudios, a mobile gaming company, has recently announced it is diving into the world of Web3 gaming. The company is launching a blockchain gaming division that will introduce the concept of “rewarded play” to its users, who already enjoy real-world rewards for playing its games....
Socios.com Will Invest $100 Million in FC Barcelona Metaverse Push
3.8.2022
Socios.com, a company dedicated to the development of fan engagement tokens for sports organizations, has revealed that it will invest $100 million in the digital business of soccer team FC Barcelona, Barca Studios. The investment will give Socios.com 24.5% of the stake in the digital division...
New York financial regulator fines Robinhood's crypto division $30M
2.8.2022
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris
Robinhood's Crypto Division Fined $30M by New York Financial Regulator
2.8.2022
The online broker said last year that it expected the fine following a 2020 investigation
Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2
29.7.2022
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly...
Zuckerberg unfazed about $2.8B metaverse division loss in Q2
28.7.2022
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg
Facebook Parent Meta Loses $2.8 B on Metaverse Division in Q2
27.7.2022
Meta reported revenue of $452 million for the division, down from $695 million in the first quarter
US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP
23.7.2022
U.S. Congressman Brad Sherman has urged the U.S. Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded xrp, which the regulator deems a security. “It’s easier to go after the small fish than the big fish, but the big fish operating major...
Tron’s Justin Sun Eyes ‘Acquisition’ Move for Tencent’s NFT Division
21.7.2022
The Tron (TRX) founder Justin Sun says that TronDAO, a decentralized autonomous organization (DAO) that governs the Tron network’s development, wants to “acquire” a non-fungible token (NFT) arm of the Chinese tech powerhouse Tencent....
Read More: Tron’s Justin Sun Eyes ‘Acquisition’ Move...
FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost
20.7.2022
The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defrauding investors. “The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” said the U.S. law enforcement agency....
Surprise twist as BlockFi receives Money Services License in Iowa
29.6.2022
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state
Tencent Launches Extended Reality Unit to Tackle the Metaverse Market
27.6.2022
Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According...
Lummis-Gillibrand crypto bill comprehensive but still creates division
22.6.2022
The senators introduced new approaches to familiar questions concerning digital assets and decide how to divide regulatory responsibilities
Myria Has Announced Free-to-Claim Alliance Sigil NFT for All New and Existing Community Members
8.6.2022
PRESS RELEASE. June 8, 2022: Myria Studios, the blockchain gaming division of Myria, announced that the company is rewarding its community members with its inaugural NFT drop — a free-to-claim Alliance Sigil NFT. For a limited time, all new and existing Myria community members can claim...
Ex-Deutsche Telekom Team Launch Liquid Staking Division at Crypto Custodian Finoa
24.5.2022
Cryptocurrency custodian Finoa has established a unit for liquid staking helmed by former members of Deutsche Telekom's blockchain team with help from staking specialist StakeWise
Nomura’s Digital Division to Focus on Cryptocurrencies First, DeFi Later
19.5.2022
The Japanese bank is one of the first institutions to say it will go beyond trading and research to delve deeper into the crypto ecosystem
Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement
5.5.2022
Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.”...