Big Investors Deny Involvement In Crypto Miner Bitmain’s Pre-IPO Funding
Following reports of Bitmain closing a $1 billion pre-IPO investment round, some notable investors have disputed their alleged participation.
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Gulf Binance Clinches Thai Regulatory Approval
Gulf Binance, a joint venture between crypto exchange Binance and Gulf Energy’s innovation arm Gulf Innova, has received a digital asset operator license in Thailand, according to a Friday press release.The rubber-stamp from Thailand’s Ministry of Finance will allow the firm to advance plans to open a regulated crypto exchange and broker in the southeast…
South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms
news The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain. The Seoul Metropolitan Government announced the news Monday, stating that via the Seoul Innovation Growth Fund, which launched last year, it will invest…
Nigeria Directs Entities to Identify Those Dealing Crypto With Bybit, KuCoin, OKX and Binance
Nigeria’s Central Bank has directed institutions in the financial space to identify persons or entities transacting in or operating four unlicensed crypto exchanges – Binance, Bybit, KuCoin and OKX.The latest action comes after an ongoing saga between Binance and Nigeria’s government.The Central Bank of Nigeria issued a directive on Tuesday asking financial institutions to identify
Alleged SIM-Swap Crypto Thief Indicted for Hacking Over 50 US Victims
news A 20-year-old man has been formally charged in a New York Supreme Court indictment over SIM-swapping identity and crypto theft. The Manhattan District Attorney’s Office announced Friday that Dawson Bakies, a resident of Ohio, is charged with stealing identities and the cryptocurrency holdings of over 50 victims across the U.S. from October to December…
Coinbase’s New Base Blockchain Gobbled Up $68M in Ether, and It’s Not Even Officially Live Yet
Traders have sent millions via a one-way bridge to Base blockchain in the hopes of unearthing handsome returns – even as the blockchain has not been officially open to the public yet.The landscape is filled with rug pulls and scams so far, however, doling out tears instead of dreams to many.The lure of meme-coin fortunes…
Argentina’s Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%
Argentina's recently elected president devalued the nation's currency by more than 50% and announced spending cuts, but, possibly to the dismay of cryptocurrency enthusiasts, Javier Milei did not – yet, at least – turn his enthusiasm for bitcoin (BTC) into an official government policy.In slashing the peso's value to 800 per U.S. dollar from less
SEC Says Other Systems Secure After X Account Hack
The U.S. Securities and Exchange Commission said Friday its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week.On Tuesday, the SEC's official X (formerly Twitter) account, @SECgov, tweeted that the agency had approved a number of spot bitcoin exchange-traded fund (ETF) applications
Bitcoin Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians
Bitcoin financial services firm Onramp's asset management platform has opened for business with BitGo among its custodians.Austin, Texas-based Onramp launched a spot bitcoin (BTC) trust in April targeting high-net-worth investors.As with the trust, Onramp is harnessing multisignature (multisig) security, in which several custodians control the private keys to the bitcoin being held. The asset manager