23:30 Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry
European DeFi startups saw 120% increase in VC investment in 2022: Data Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022. News Own this piece of history Collect this article as an NFT 2022 was a turbulent year for the crypto space, to say the least; from an ongoing bear market and crash for LUNA […]
Tether companies allegedly used fake documents to access banking services Some companies behind Tether (USDT) reportedly used fake paperwork and shell companies to get bank accounts after the stablecoin’s then-banking partner, Wells Fargo, halted services for several of Tether’s Taiwanese accounts. A Mar. 3 report from the Wall Street Journal (WSJ) has alleged that Tether, in conjunction with a major Chinese crypto broker, used forged documents, shell […]
London emerges as world’s most crypto-ready city for business — Research Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top as the most crypto-ready city in the world for businesses and start-ups. UK […]
Pantera CEO deems 2023 the best time for a crypto startup Dan Morehead, the CEO of investment company Pantera Capital, has released a new year letter highlighting the crypto rigors of 2022 and the outlook for 2023. The Pantera CEO described the blockchain as a resilient industry that proved its mettle amidst the pangs of the macro market for risk assets and idiosyncratic disasters. A simplified […]
Gemini to lay off another 10% of its task force Gemini is reportedly releasing 10% of its task force, citing fraud from “bad actors.” It is considered the third stage of the organization’s staff release since 2022. Gemini conducts a third round of layoffs Amid Gemini’s turmoil with Barry Silbert and Genesis’ Parent firm, Digital Currency Group, the cryptocurrency exchange has reportedly conducted a third […]
Over 50% of Genesis portfolio is ETH Out of the over $414m of Genesis portfolio assets, 74% are ethereum (ETH) and ERC-20 tokens, on-chain data from Jan. 23 shows. Genesis assets According to the data, 51.4% of Genesis’ assets are ETH, while 32.68% are USDC. ETH is the native token of the second most valuable cryptocurrency network, Ethereum. USDC is the fiat-pegged stablecoin […]
CoinTracker partners with bookkeeping company to ease tax filing for UK crypto investors Crypto portfolio and tax manager CoinTracker has partnered with By The Book Accountancy to help UK crypto investors navigate the complexities of tax filing as the regulatory landscape continues to evolve. According to a press release issued on Jan. 23, Cointracker has collaborated with accountant firm By The Book Accountancy to release a series of academic content […]
Former FTX U.S. president announces successful funding round for his new crypto venture Former FTX U.S. president, Brett Harrison, has launched his new cryptocurrency startup, Architect, on Twitter. Architect raises $5m in funding round Harrison, who was president of FTX U.S. for some time, announced the launch of Architect and the closing of the seed round in a Twitter thread yesterday. The firm has already raised $5m in seed funding […]
Swiss web3 project raises $8.5m from Circle and others to launch blockchain bonds Obligate (formerly FQX) has raised $8.5 million from Circle Ventures, Blockchange Ventures, SIX Fintech Ventures, and others in a seed extension funding round. The capital will enable Obligate to launch its blockchain-based bonds and commercial paper issuance platform for companies. Despite the devastating crypto winter, which has already wiped out more than $2 trillion from […]
Cardano’s Hoskinson explains why he wants to buy CoinDesk Charles Hoskinson, the founder of Cardano, said he considered purchasing the crypto news media CoinDesk with the purpose of transforming it into a community. Hoskinson made this announcement on Twitter. The viewership, the bitcoin events, and the influence on the business all make this a reasonable bargain. However, he still feels that $200 million is […]
Compass declines to retrieve crypto miners’ equipment from Russia, gets sued Compass Mining cut off the connections with the Russian mining business BitRiver and neglected to return clients’ bitcoin machines, citing an inapplicable US sanction as the reason. Customers are now suing it for nearly $2 million, alleging fraud. A court document submitted on Jan. 17 states that Compass Mining informed BitRiver of contract termination in […]
DCG-owned media CoinDesk is in acquisition talks CoinDesk is reportedly in talks with Lazard regarding a partial or total sale. The crypto news publication is owned by a troubled Digital Currency Group (DCG). As Sam Bankman-Fried’s FTX contagion continues to take its toll on CoinDesk’s parent company Digital Currency Group (DCG), the leading blockchain news outlet has engaged the services of Lazard, […]
Talos partners Formidium to enhance digital assets administration Talos will collaborate with leading fund administrator, Formidium to integrate the latter’s digital asset accounting platform, according to a press release on Jan. 18. Talos, a provider of institutional-grade digital assets trading infrastructure, has announced integrating Formidium’s back-office platform called ‘Seamless Digital’ into its institutional digital asset investors protocol. The integration will facilitate access to […]
Deal Box to invest $125 million in web3 Deal Box has launched a $125 million venture arm to invest in startups in the web3 industry. Deal Box Ventures to focus on web3 sector Deal Box, a California-based capital markets consulting firm focusing on the traditional and digital securities industries, has launched a web3-focused venture arm and plans to invest $125 million in the […]
Winklevoss twins’ Gemini loses COO amid recent issues According to Bloomberg, Noah Perlman, Gemini’s Chief Operating Officer, has left the Winklevoss twins’ crypto exchange. Noah Perlman quits Gemini exchange According to the latest news reports, Noah Perlman, Chief Operating Officer at Gemini exchange, a firm established by Cameron and Tyler Winklevoss, has resigned from the startup, as its troubles continue. 2019 saw Perlman […]
Coinbase returns to pre-IPO valuation as market cap drops below $8b Coinbase, one of the most popular cryptocurrency exchanges in the world, has returned to a valuation last seen in 2018, prior to its initial public offering (IPO). Coinbase returns to pre-IPO valuation despite strong growth The prominent digital asset exchange now has a market capitalization of nearly $8 billion, despite the fact that the company […]
Web3 game DOGAMÍ secures $14M total funding DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. The Web3 mobile gaming company raised $7 million led by VC firm XAnge after initially securing $6 million from industry leaders in January 2022. DOGAMÍ, […]
The Future Of Venture Capital Is Investing In Bitcoin-Only Companies “The smartest people in the world are working on Bitcoin, they’re not working on some other project,” Mike Jarmuz told Bitcoin Magazine. “They’re not working on altcoins or selling real estate in a metaverse fantasy land. Your medical records are not going onto some other thing masquerading as a blockchain. We view these as ridiculous […]
Microsoft exposes North Korea-related hacker targeting crypto startups The security division of Microsoft, in a press release yesterday, December 6, uncovered an attack targeting cryptocurrency startups. They gained trust through Telegram chat and sent an Excel titled “OKX Binance and Huobi VIP fee comparison.xls,” which contained malicious code that could remotely access the victim’s system. The Security threat intelligence team has tracked the […]
Founders should consider VC firms their allies as they build in the bear market This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built during market downturns, and founders now have a real opportunity to ensure they’re building products and services that meet genuine, real-world needs and […]
