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Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...
FTX Founder’s Expert Witnesses Face Exclusion in Fraud Trial
29.8.2023
The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues with the witnesses’ reliability and accused them...
DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70%-90% Recovery
29.8.2023
Digital Currency Group has reached a preliminary agreement with Genesis creditors to settle the claims by reimbursing 70-90% in USD equivalent to unsecured creditors.
As per a court filing, the in-principle deal reached with Genesis creditors offers up to 65%- 90% recovery on an in-kind basis...
SEC charges Impact Theory for an unregistered offering of NFTs
29.8.2023
The SEC has brought down the hammer on another crypto venture for an unregistered offering of digital assets. This time, the commission has charged Impact Theory LLC for conducting an unregistered offering of NFTs. The Los Angeles-based media and entertainment company raised over 30 million dollars...
SEC Charges Impact Theory in First NFT-Related Lawsuit Over Unregistered Token Sales
28.8.2023
The Securities and Exchange Commission (SEC) has charged Los Angeles-based media company Impact Theory with offering and selling unregistered securities in the form of crypto asset tokens. Notably, this marks the SEC’s first lawsuit targeting an NFT offering. SEC Sues Impact Theory Over $30M...
SEC charges podcaster in first unregistered securities sales claim against NFT offering
28.8.2023
Impact Theory produces entertainment and educational podcasts and was “trying to build the next Disney” when it invited investors to purchase its NFTs
Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Futures ETFs, Prime Trust Lost $8 million of Client & Treasury Funds in a TerraUSD Investment
25.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply...
Cypher Says Token Offering Part of Steps to Make Users Whole
25.8.2023
The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...
Dropbox ditches unlimited storage offering, blaming crypto cloud miners
25.8.2023
The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining and other resource-intensive tasks
SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale
25.8.2023
The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily...
Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's Going On?
24.8.2023
The largest crypto exchange by trading volume, Binance, is apparently closing its Binance Card – cryptocurrency debit card services – in Latin America and the Middle East, effective from Aug. 25....
Read More: Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's...
Crypto Trading Platform Launchpad XYZ Turbocharges Offering With 7,000% Alpha Calls, Presale Buyers Get 20% Token Bonus And Premium Access NFTs
23.8.2023
Wednesday, August 23, 2023 – If you are looking for the next 10x crypto trading opportunity, joining the turbocharged Launchpad xyz presale is a must, with its alpha call group earning traders up to 7,000% returns.
Today Launchpad xyz relaunched its website to showcase changes to its presale that...
OpenAI gets lukewarm response to customized AI offering
23.8.2023
The company said the fine-tuning facility, the training data used for fine-tuning, undergoes scrutiny via their moderation API and the GPT-4 powered moderation system
CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
23.8.2023
The year-on-year growing support for digital cash is supported by ongoing domestic pilots and cross-border initiatives taken up by various jurisdictions, CitiBank's survery found
Revolutionizing Crypto Trading: KyberSwap Introduces KyberAI – The Leading AI-Driven Crypto Trading Tool
22.8.2023
KyberSwap, a leading decentralized exchange has unveiled KyberAI, a suite of AI-powered crypto tools poised to reshape how traders navigate the dynamic landscape of decentralized finance. KyberAI was developed to address the pressing need for predictive insights in the crypto market, offering...
French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...
Mega Dice Telegram Casino App: World’s First Crypto Casino Offering Licensed Gambling Through TG
7.8.2023
In a breakthrough for crypto casino adoption, Mega Dice is leading the way by opening the world’s first licensed crypto casino accessible via the Telegram app.
The crypto casino sector is a big business and growing in popularity because it leverages blockchain's unique transparency and trust...
Arbitrum's Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%
4.8.2023
Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%
Curve, Metronome and Alchemix offering 10% bug bounty on Vyper hack
3.8.2023
The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, bringing the bounty close to $7 million