On, the Swiss sports shoe brand, is experiencing tremendous success in the global market. In just 13 years, it has become a major player, competing with industry giants like Nike, Adidas, and Puma. On’s growth is unparalleled, with a nearly 50 percent increase in revenue from June to September this year, reaching 481 million Swiss […]
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 […]
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 […]
Opyn, a prominent options protocol in the decentralized finance (DeFi) space, is undergoing a significant leadership change in response to regulatory actions by the Commodity Futures Trading Commission (CFTC). Co-founders Zubin Koticha and Alexis Gauba have decided to step down following allegations of registration failures and non-compliance issues. In their place, Andrew Leone, formerly the […]
Aave, the decentralized lending protocol, has resolved security vulnerabilities and resumed its operations. The Community Guardian has unpaused Aave V3 markets, indicating that the issues have been resolved. A vulnerability affecting lending markets on Ethereum and other blockchains was discovered on November 4, prompting Aave DAO to temporarily disable the stable rate borrowing feature. Aave […]
Tether, a major stablecoin issuer, has recently increased its minting of USDT tokens, issuing a significant amount of new tokens in just one month. This aggressive expansion strategy has raised eyebrows in the market, with 4 billion USDT being minted, including 1 billion on Tron and 1 billion on Ethereum. Tether has also burned USDT […]
Global investment bank Goldman Sachs and French universal bank BNP Paribas have led a new funding round for blockchain-based wholesale payments firm Fnality. The company has raised £77.7 million ($95.09 million) in its second round of funding, with participation from settlement houses Euroclear and Depository Trust and Clearing Corporation, as well as other investors such […]
