Search
Dubai Grants Climate-based AYA Platform Conditional VARA License
12.12.2023
Image Source: Pixabay Dubai’s financial regulator, the Virtual Asset Regulatory Authority (VARA) has issued a conditional operating license to AYA Platform, a web3 launchpad subsidiary of Enjinstarter. In a recent press release, the company disclosed the regulatory nod obtained by VARA to operate...
Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024
5.12.2023
Source: Pixabay Valour, a subsidiary of DeFi Technologies, has revealed plans to introduce 20 new crypto exchange-traded products (ETPs). Announced Monday, the planned offerings include collaborations with foundations like the recent ICP ETP, thematic baskets, short and long-leverage products....
Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment
29.11.2023
On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement...
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...
Tether’s $1 Billion Deposit With Britannia Financial Subsidary At Center of Legal Battle in London’s High Court
21.11.2023
Source: Adobe/Jim Tether’s deposit of over $1 billion with a financial services firm has come under scrutiny in London’s High Court. According to a Tuesday report from The Financial Times, Tether’s funds were deposited with a subsidiary of investment bank Britannia Financial...
South Korean Golf Star Lee Ye-won Wins Crypto Prize at Tour Event
20.11.2023
Source: yellowj/Adobe The South Korean pro golfer Lee Ye-won has scooped a crypto prize worth over $457,000 by winning a KLPGA Tour event in Busan. The WEMIX Championship was sponsored by the domestic gaming giant WeMade’s crypto and blockchain gaming subsidiary. The KLPGA (Korea Ladies...
Futu Holdings Subsidiary PantherTrade Seeks Crypto Trading Platform License in Hong Kong
17.11.2023
Source: Pixabay So far six companies, including Panthertrade (Hong Kong) Limited, a subsidiary of Futu Holdings (US: FUTU),have filed for a virtual asset trading platform license in Hong Kong. PantherTrade recently submitted its application, unveiling plans for a platform named...
CoinShares Gets Greenlight to Buy Valkyrie ETF Arm as It Expands Into North America
16.11.2023
Source: Adobestock Leading European digital asset investment firm CoinShares has announced its strategic acquisition of the Valkyrie Funds, a crypto exchange-traded fund (ETF) subsidiary of US-based Valkyrie Investments. In a press release dated November 16, the CoinShares Group stated it obtained...
Bitget Subsidiary Drops Hong Kong License Pursuit Amidst OSL Acquisition Rumors
16.11.2023
The Singapore-based crypto exchange Bitget’s Hong Kong division said on Nov. 13 that it is no longer seeking a trading license to operate in that region. Market rumors suggest that Bitgetx’s decision not to seek the license may be linked to the rumored Bitget acquisition of OSL,...
WonderFi Subsidiary Bitbuy Acquires Bitvo, Owns Nearly Half of All Exchanges in Canada
15.11.2023
Bitbuy, a subsidiary of Canadian-based technology company WonderFi, announced its acquisition of Bitvo Inc. on the morning of Wednesday, November 15th, making WonderFi the owner of nearly 50% of all regulated crypto-trading platforms in the North American country. WonderFi continues to dominate...
Crypto.com’s Dubai’s Subsidiary Secures License from VARA
14.11.2023
Source: Pixabay/Jan Vasek Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities. CRO DAX Middle East, the exchange’s Dubai arm, received the license from Dubai’s Virtual Assets Regulatory...
Bankrupt Crypto Lender Genesis Seeks Court Help to Reduce Settlement Payout to 3AC
10.11.2023
Source: Pexels Digital Currency Group’s (DCG) subsidiary Genesis Global is seeking approval from the US court to revise its settlement agreement with the bankrupt Three Arrows Capital Ltd (3AC). According to a document filed on November 9 with the US bankruptcy court of the Southern District...
Blackrock Files to Launch Ethereum Trust ETF on Nasdaq, Eyes Spot Crypto Market Entry
10.11.2023
In a significant development for cryptocurrency investment vehicles, Blackrock Inc., through its subsidiary Ishares Delaware Trust Sponsor LLC, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives...
SEBA Bank’s Hong Kong Branch Secures Full License for Crypto Services from SFC
8.11.2023
Source: SEBA Bank The Swiss crypto bank SEBA has announced that its wholly owned subsidiary SEBA Hong Kong has received a full license from the city’s Securities and Futures Commission (SFC). This regulatory approval enables the bank to engage in a wide range of financial activities, including...
Animoca Brands Japan and KLKTN Partner with Cool Cats for Web3 Expansion into Japanese Anime Market
7.11.2023
Source: Animoca Brands Animoca Brands Japan, in collaboration with its KLKTN subsidiary, has announced a partnership with Cool Cats Group to venture into the Japanese anime market through web3 integration. In a recent announcement, Animoca Brands Japan disclosed its acquisition of equity shares...
Roger Ver Pursues Closing Up of Matrixport in Seychelles Lawsuit Over $8 Million Dispute
7.11.2023
Source: Pexels A legal battle has been ongoing between Roger Ver, an investor also known as ‘Bitcoin Jesus,’ and Jihan Wu, the co-founder and chairman of Matrixport subsidiary Smart Vega, in Seychelles since last year over frozen cryptocurrency funds. Ver alleged that Matrixport...
Deutsche Telekom Becomes Validator of Privacy-Focused Aleph Zero, More to Come
2.11.2023
Privacy-enhancing layer-1 blockchain Aleph Zero has announced Deutsche Telekom’s wholly-owned subsidiary, Deutsche Telekom MMS, as its newest validator. Talking to Cryptonews, execs from the two companies discussed the relevance of supporting blockchains, what it means when a major company...
Staking Crypto Yields Hit Historic Low as Proof of Stake Networks See Rising Stake Rates – What’s Going On?
26.10.2023
As proof of stake networks see a surge in stake rates, a consequent plummet in staking yields is concerning investors and market watchers. According to a third-quarter report from Staked, a subsidiary of the Kraken exchange, the average staking yield for the top 35 stakable cryptocurrencies...
Bitfinex Launches 36-Month Tokenized Bond
25.10.2023
Bitfinex Securities, a subsidiary of the Bitfinex cryptocurrency exchange, has announced the launch of a tokenized bond. This development represents a significant step in the convergence of traditional finance and the world of blockchain and digital assets. ????Bitfinex Securities Announces...
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...