Crypto exchange and wallet provider Blockchain.com has recently closed a $110 million Series E financing round, led by UK-based venture capital firm Kingsway Capital. This investment has resulted in a significant decrease in the company’s valuation, which now stands at less than half of its previous $14 billion valuation from March 2022. Other participants in […]
BC Technology Group, the parent company of OSL, a publicly listed crypto exchange, has received a strategic investment of HK$710 million (approximately $90 million) from BGX, the operator of the BitgetX platform. This investment involves a subscription for shares in BC Technology Group and is subject to approval from BC Technology shareholders. The CEO of […]
Zubin Koticha and Alexis Gauba, the founders of the Opyn decentralized finance (DeFi) protocol, have announced their departure from the project and their decision to leave the crypto industry. This news comes after Opyn recently settled an enforcement action with the US Commodity and Futures Trading Commission (CFTC). In a statement, Koticha expressed the emotional […]
Crypto.com, a leading cryptocurrency exchange, has been granted a Virtual Assets Service Provider (VASP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com to offer a range of services, including exchange, brokerage, asset management, investment, and lending, to both retail and institutional clients. The company expressed its gratitude for being one of […]
GROK, a memecoin inspired by Elon Musk’s Grok xAI chatbot service, has experienced a significant drop in value after it was revealed that its developer has a history of involvement in crypto scams. Despite its name and logo resembling Musk’s company, the token is unrelated to it. On-chain investigator ZachXBT uncovered evidence that the developer […]
Uniswap Labs has released an Android mobile wallet app on the Google Play store, allowing users to make swaps through the decentralized exchange (DEX) directly within the app. This eliminates the need for a separate web browser extension. The app was initially released in a closed beta in October, but now the Android version is […]
In a significant development, Crypto.com, based in Dubai, has obtained regulatory approval with the issuance of a Virtual Assets Service Provider (VASP) license from the city’s regulatory authority. This milestone highlights Crypto.com’s commitment to regulatory compliance and positions the platform as a key player in meeting the growing demand for virtual asset services in Dubai’s […]
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the court has established a firm timeline for the remedies phase of the lawsuit. This phase is critical as it will determine the consequences and potential penalties for Ripple following the extensive legal proceedings that have captivated the attention of […]
In the midst of discussions surrounding the potential approval of a Bitcoin spot price exchange-traded fund (ETF) in the United States, market analysts and cryptocurrency experts are divided on the future of Bitcoin’s price. Peter Schiff, a well-known critic of Bitcoin and advocate for gold, predicts a crash in the cryptocurrency’s value before the ETF […]
Raft, a decentralized finance platform, recently experienced a security breach despite undergoing multiple security audits. The breach resulted in a loss of $6.7 million worth of funds. The hacker exploited a smart contract glitch to mint 6.7 million R tokens by borrowing 6,000 Coinbase-wrapped staked Ether (cbETH) on Aave. The primary cause of the exploit […]
