Russian lender TCS buys Swiss crypto services firm Aximetria

Russian lender TCS buys Swiss crypto services firm Aximetria

MOSCOW, Jan 12 (Reuters) – Russian lender TCS Group Holding (TCSq.L) has bought Swiss crypto services company Aximetria from venture capital firm Digital Horizon, the companies said on Wednesday, as the bank steps up its international expansion.TCS, which runs Russia’s largest online bank Tinkoff, has seen its customer base surge to more than 18 million, … Read more

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterNEW YORK, Jan 12 (Reuters) – Softbank-backed Brazilian company 2TM, which runs Latin America’s largest cryptocurrency exchange Mercado Bitcoin, said on Wednesday it will acquire a controlling stake in … Read more

Why most countries are unable to take a firm decision on crypto

Why most countries are unable to take a firm decision on crypto

Crypto classification dilemma: Is it an asset, property, or commodity? Regulators across the globe have come up with various definitions of cryptocurrencies. But there is no consensus, even among major economies, on how to treat decentralised virtual currencies, which are seen posing a risk to financial stability and impacting cross-border transactions. Policy advisers and legal … Read more

Crypto Firm Sygnum Hits $800 Million Valuation in Funding Round

Crypto Firm Sygnum Hits $800 Million Valuation in Funding Round

(Bloomberg) — Sygnum, which runs a digital-asset bank and trading platform, raised $90 million in a funding round that valued it at $800 million, as venture capital firms pour record-shattering amounts of money into the crypto industry. The financing was led by Sun Hung Kai & Co., and also included investors like Animoca Brands and Canada’s … Read more

Crypto Firm Eqonex Weighs Strategic Options, Replaces CEO

Crypto Firm Eqonex Weighs Strategic Options, Replaces CEO

(Bloomberg) — Eqonex Ltd., a digital-asset financial-services firm whose stock has plunged almost 90% this year, is weighing strategic options and has replaced its chief executive officer.CEO Richard Byworth has resigned and is being replaced by Chief Operating Officer Andrew Eldon on an interim basis, Eqonex said in a statement Monday. Eldon, who joined the … Read more

Why A $3.5 Billion Crypto Firm Is Going To Invest In Its Own Clients

Why A $3.5 Billion Crypto Firm Is Going To Invest In Its Own Clients

Alchemy Founders Nikil Viswanathan and Joseph Lau Alchemy In today’s frothy crypto environment, where nine-figure venture capital rounds seem to be handed out to startups like foam fingers at a football game, it can be easy for a casual observer to assume that all participants are blindly following FOMO-driven over-exuberance.  However, there is significantly more … Read more

Crypto Firm B2C2 Makes Former Prosecutor, FBI Agent Legal Chief

Ruiqi Chen

Cryptocurrency trading company B2C2 has appointed former FBI agent and federal prosecutor Dean Sovolos as its new general counsel.“B2C2 is a leader in the industry and, as such, effectively navigating the complex legal and policy issues while building important partnerships will be a priority for our legal and regulatory teams,” Sovolos said in a Thursday … Read more

Korean crypto investment firm Hashed reportedly under tax investigation

Korean crypto investment firm Hashed reportedly under tax investigation

Crypto investment firm Hashed is currently under investigation by the National Tax Service (NTS) in South Korea according to local media.The 4th Bureau of Investigation from the Seoul Regional Tax Office, which is handling the investigation, is best known for conducting investigations into tax evasion and slush fundraising. A slush fund is a pool of … Read more

Despite regulatory woes, Binance aims to become registered crypto firm in the U.K

Despite regulatory woes, Binance aims to become registered crypto firm in the U.K

Binance, the world’s largest crypto exchange by trade volume has faced heat from regulators worldwide. Different regulators including U.K’s Financial Conduct Authority (FCA). It has been tightening its grip around the cryptocurrency in a bid to eliminate bad elements. Nevertheless, Binance’s chief executive Changpeng Zhao remains undeterred from his crypto-centric narrative. Patience and Vision Cryptocurrency … Read more

Nascent Crypto Sector Is the Biggest Outperformer After Skyrocketing 37,000% This Year, According to Market Research Firm

Nascent Crypto Sector Is the Biggest Outperformer After Skyrocketing 37,000% This Year, According to Market Research Firm

A prominent market intelligence firm has identified one crypto sector that is exponentially outpacing all others in terms of growth. UK-based market research firm MacroHive created four indices which the company believes capture the popular use cases of cryptocurrencies. Each index, except for Bitcoin, consists of five tokens that represent the market value of a … Read more

Crypto Investment Firm Maven 11 Capital Closes $120M Fund

Crypto Investment Firm Maven 11 Capital Closes $120M Fund

Venture Fund II differs from Maven 11′s first fund in being closed-ended, or issuing a fixed number of shares, and having a wider group of backers including wealthy individuals, crypto entrepreneurs, family offices and institutions. The new fund has already deployed investments into gaming-focused DAO Merit Circle, lending platform Maple Finance, layer 1 blockchain Anoma … Read more

Crypto Payments Firm TripleA Granted MAS License

Crypto Payments, TripleA, Monetary Authority Singapore License

Asian cryptocurrency payments company TripleA is the first standard payment institution to secure a digital payment token license from the Monetary Authority of Singapore (MAS), the country’s central bank, according to a company announcement Tuesday (Nov. 30). TripleA’s cryptocurrency license allows the firm to offer end-to-end cryptocurrency payment services for businesses, including crypto payments, crypto … Read more

Litecoin and an Ethereum Rival Outperformed Bitcoin-Based Investment Products in November, According to Crypto Data Firm

Litecoin and an Ethereum Rival Outperformed Bitcoin-Based Investment Products in November, According to Crypto Data Firm

Bitcoin (BTC)-based investment products are facing strong competition from altcoin-based products, according to cryptocurrency data company CryptoCompare. The crypto data firm says in a new report that the investment products based on Litecoin (LTC) and smart contract blockchain Solana (SOL) had better returns than those based on BTC over the 30-day period leading to November … Read more

Gemini Crypto Platform Secures $400 Million in Equity Funding Placing a $7.1 Billion Value on the Firm

Gemini Crypto Platform Secures $400 Million in Equity Funding Placing a $7.1 Billion Value on the Firm

Late last week the wunderkind tandem of Cameron and Tyler Winklevoss announced the successful close of a $400 million equity round of financing for their cryptocurrency platform, Gemini. This latest funding infusion balloons Gemini’s balance sheet to an impressive $7.1 billion valuation. “Gemini is the portal into crypto for new and seasoned investors alike,” said … Read more

Crypto firm pushes for global regulatory framework

Crypto firm pushes for global regulatory framework

Published 23 November 2021 Binance, a cryptocurrency exchange, has said it is working with regulators and policymakers to develop a global regulatory framework for the crypto ecosystem. According to a statement, the company is working on a framework that will protect users and allow innovation in the sector. “Amid the recent market highs, an influx … Read more

Crypto VC firm Paradigm debuts monster $2.5 billion fund – TechCrunch

Crypto VC firm Paradigm debuts monster $2.5 billion fund – TechCrunch

As the crypto market continues to push towards new heights, investors are finding heightened LP appetite for exposure to the space, leading to new venture funds that are huge — even by 2021 standards. Paradigm, a crypto VC firm founded in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, has … Read more

Mastercard CEO cites ‘massive services opportunity’ following acquisition of crypto analytics firm

Mastercard CEO cites 'massive services opportunity' following acquisition of crypto analytics firm

Mastercard bought the crypto analytics firm CipherTrace in September, a purchase the payments giant’s chief executive framed as a “massive services opportunity” during a third-quarter earnings call Thursday. Asked about Mastercard’s strategy around crypto and digital assets, CEO Michael Miebach highlighted several areas, including preparations for central bank digital currencies as well as the purchase … Read more

Firm that gave 43,000 false Covid results still processing PCR tests | Coronavirus

The company at the heart of a fiasco that saw up to 43,000 people wrongly given negative Covid results is still processing PCR tests for travel and one of its senior member of staff has been seconded to work within the UK Health Security Agency, the Guardian has learned.Immensa, whose privately run Wolverhampton laboratory was … Read more

Blockchain firm to buy control of crypto trading Gibraltar stock exchange | Business

A cryptocurrency company is to buy the Gibraltar Stock Exchange, which will enable investors to buy crypto, debt and equities on the same bourse.Valereum Blockchain, which aims to link fiat currencies — government-issued money not backed by a commodity, such as sterling or US dollar — to cryptocurrencies, has signed an option to buy 80 … Read more

Crypto Venture Firm A&T Aims to Raise $100 Million This Year

Crypto Venture Firm A&T Aims to Raise $100 Million This Year

(Bloomberg) — A&T Capital has closed the first round of fundraising at $70 million from investors including fintech companies and partners of traditional venture capital firms, the crypto-focused venture fund said in a statement, without disclosing the names of its backers.Since its founding this April, A&T has deployed over $11 million in 15 projects, including … Read more

Oxford Covid biotech firm makes stellar debut on London stock market | IPOs

Oxford Nanopore, whose DNA sequencing technology has been essential in tracking Covid-19 variants globally, has made a stellar stock market debut in London. A rise in its share price of as much as 47% has left the firm valued at almost £5bn.The flotation of the Oxford University spin-out has given its chief executive and co-founder, … Read more