21shares, a company focused on providing crypto-based exchange-traded products (ETP), recently highlighted the growth of its Toncoin-focused product. The organization, which manages over $ 3 billion for its customers, celebrated the milestone of its Toncoin Staking ETP reaching over $ 100 million in assets under management (AUM). The product has become the most …
Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $ 1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to …
Global investment bank Goldman Sachs has reported holdings of $ 418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $ 238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more …
Stablecoin issuer Tether has announced a $ 3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like …
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $ 350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other corporate necessities. Core Scientific Unveils Convertible Notes Offering, Eyes Debt …
In the first 12 days of Aug., $ 141.3 million has flowed into crypto, defi, and blockchain ventures, according to recent metrics. Morpho, a decentralized lending developer, accounted for roughly 35.38% of the total funds raised across 20 different projects. $ 141.3 Million Floods Into 20 Crypto Startups and Projects Even with the …
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $ 650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $ 650 …
Andrena, a U.S.-based internet service provider, has announced the completion of an $ 18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi. The funds will be used to develop Dawn, a Solana-based decentralized broadband distribution network. Andrena …
Crypto exchange Binance’s security team has recovered or frozen over $ 73 million in stolen user funds so far this year, surpassing the $ 55 million recovered in 2023. This achievement highlights the company’s commitment to improving cryptocurrency security. Binance Recovers $ 73 Million in Stolen User Funds Crypto exchange Binance announced …
Ronin Network stated that digital assets worth $ 12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day. The Ronin team mentioned that they paused the bridge approximately 40 minutes after the first on-chain action was detected. The team also assured users that their funds were …
PRESS RELEASE. Singapore, 7 August 2024 – KIP Protocol, the Web3 base layer for AI, announces the unanimous approval of its OCP-12 DAO proposal. This landmark decision allocates $ 10 million to KIP Protocol to reshape education through AI and Web3 technologies. In a strategic collaboration with Open Campus, KIP Protocol aims to impact …
Metaplanet, a Japanese firm, has announced a $ 70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $ 58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which …
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($ 87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned over Rs 4,000 crore from …
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $ 118 billion, has made a significant move in the cryptocurrency market by investing $ 464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores the growing institutional interest in bitcoin, even amid market …
Coinshares, a digital asset investment firm, has reported a significant $ 528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic downturn concerns. Despite this setback, Coinshares remains committed to its long-term strategy and continues to expand …