CMCC Global, a Hong Kong-based venture capital firm, has raised $100 million to support Asian blockchain startups. The fund, called Titan Fund, was backed by 30 investors including Block.one, Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu. The fund will focus on investments in blockchain infrastructure, consumer applications such as […]
Binance, one of the world’s largest cryptocurrency exchanges, is withdrawing from Russia due to pressure from US regulators. This has led to the acquisition of Binance’s Russian operations by CommEx, a company that anticipates approximately one million customers to transition to its platform. However, not all of Binance’s Russian customers are expected to migrate to […]
The US Securities and Exchange Commission (SEC) and Ripple have been in a legal battle for some time now. On October 3, a federal judge dismissed the SEC’s appeal, ruling that Ripple’s XRP sales years ago did not constitute an offer of investment contracts. This decision has given Ripple an upper hand in the legal […]
Ripple has secured another win against the SEC in court, with the trial date set for April 23, 2024. The outcome of this case could have a large impact on the crypto industry, potentially redefining regulatory guidelines on what is considered a security. Recently, Ripple introduced the controversial Clawback feature, was recognized in the Fintech […]
Ripple has been honored with two awards at Juniper Research’s Future Digital Awards for Fintech & Payments 2023. The company was awarded the “Sustainability in Fintech Innovation of the Year” and the “CBDC Innovation” award. The “Sustainability in Fintech Innovation of the Year” award was rewarded for Ripple’s innovative work on the US Dollar-backed Palau […]
FTX, a global crypto empire, experienced a massive hack in January 2023, resulting in the loss of $323 million in various tokens from its international exchange and $90 million from its U.S. platform. The hacker seized over $600 million in Ethereum (ETH) and has since been converting it to Bitcoin (BTC) over 12 transactions split […]
JPEX, a cryptocurrency exchange, has recently announced its intention to transition into a decentralized autonomous organization (DAO). This move has sparked controversy and frustration among some users, who claim their assets were converted without their consent. The exchange is also facing scrutiny from authorities in Hong Kong, who have arrested multiple individuals associated with the […]
Binance, one of the world’s leading cryptocurrency exchanges, has recently exited the Russian market. This has caused a surge in clients seeking alternative platforms for their cryptocurrency trading needs. CommEX, the company that assumed Binance’s operations in the country, was initially projected to attract approximately one million clients. However, it has been encountering difficulties in […]
JPEX, a crypto exchange, has proposed a plan to transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. The voting for the plan was completed on Sept. 28, with 68% of users voting in favor. The scheme involves […]
A jury of 12 individuals, nine of whom are women, have been selected to decide the fate of former FTX CEO Sam Bankman-Fried. The jurors range in age from the early 30s to the late 60s and come from various industries, including health, financial, legal, IT, and education. Five of them are university-educated. The potential […]
