Hong Kong SFC grants first crypto licenses of 2025

Venture capital investment in crypto projects topped $25 billion in 2021, more than the sum of the last ten years. 530 Total views 20 Total shares Bain Capital Ventures, one of the world's largest startup-investment firms with $5.1 billion in assets under management, has announced the formation of a new $560 million fund that will…

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The Synthetix protocol’s native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70.  However, the firm reiterates that this isn’t the first time the asset has been under significant stress, and several risk measures are in place. “Synthetix and sUSD have weathered multiple bear markets

The YouTuber denied accusations he has rug-pulled on his followers while asserting that Million token is a “social project” that “should not be considered an investment.” An ex-Google tech lead and YouTuber with more than 1.1 million subscribers has been accused of engineering a multi-million dollar “pump and dump” scheme.Patrick Shyu, known pseudonymously as TechLead…

BitTorrent users can now purchase BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token BNB. BitTorrent, a major file sharing service operating under Tron (TRX) developer, has added Binance’s USD stablecoin, BUSD, as payment option.As officially announced on July 9, BitTorrent users are now able to buy BitTorrent and µTorrent Classic Pro with…

The Ethereum team has been trying to solve the blockchain scalability problem since 2014. During that time, solutions such as Raiden, Plasma, zk-SNARKs, sharding and rollups appeared in the developers’ tool kit. However, the implementation of some of them was constantly delayed, while others proved to be of limited efficacy.This was the issue until Ethereum’s…

The company behind Daml said it tripled its customer base in 2020, with half of the new business coming from outside the blockchain industry. 1340 Total views 12 Total shares Digital Asset, the creator of the Daml smart contract programming language, has secured $120 million in Series D financing from investors 7RIDGE and Eldridge –…

Shuttered crypto exchange Garantex is reportedly back under a new name after laundering millions in ruble-backed stablecoins and sending them to a freshly created exchange, according to a Swiss blockchain analytics company.   Global Ledger claims the operators of the Russian exchange have shifted liquidity and customer deposits to Grinex, which they say is “Garantex’s full-fledged