The creditors are seeking information regarding the loan agreements between Celsius and Equities First, any transfer of cash or crypto between Celsius and the lender, and also the reason behind Equities First inability to payback the $439 million collateral to Celsius. Author: Parikshit Mishra Source link
Zodia Markets, a cryptocurrency exchange and brokerage focused on institutions, has gone live with the backing of a major financial institution in the form of Standard Chartered Bank. Author: Ian Allison Source link
Crypto trading engineering firm Talos has raised $105 million in Series B funding led by U.S. financial services giants Citi, Wells Fargo and BNY Mellon among the new investors. Author: Jamie Crawley Source link
Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It’s unclear what led to the purchase not going through, as 2TM reportedly declined to comment and a Coinbase spokesperson said it was simply “committed to the Brazilian market.” Coinbase and 2TM scrapped talks over a possible purchase…
Multi-billion dollar Dubai-based real estate developer DAMAC Properties has started accepting Bitcoin (BTC) and Ether (ETH) payments for its luxury abodes. DAMAC Properties was founded by colorful billionaire Hussain Sajwani in 2002, and the firm has conducted business throughout the middle east, Canada and the U.K. It also owns high-end fashion and jewelry brands Roberto Cavalli and De-Grisgono. Sajwani is known for extravagant marketing tactics such as giving away free Lamborghinis to property buyers. He also teamed up with Donald Trump in 2013 to launch multiple Trump-branded golf courses in…
The United States Treasury Department has added Russia-based crypto mining services provider BitRiver and several subsidiaries as firms facilitating the evasion of sanctions. In a Wednesday announcement, the Treasury Department’s Office of Foreign Assets Control, or OFAC, said it was taking action against BitRiver AG as well as 10 of its Russia-based subsidiaries, naming the companies as ‘Specially Designated Nationals’. Firms and individuals listed as such by OFAC have their assets blocked and “U.S. persons are generally prohibited from dealing with them.” According to the U.S. Treasury, the actions against…
The fund will invest $500,000- $5 million in technology companies, which includes blockchain and Web 3. Author: Camomile Shumba Source link
MPL is looking to raise investment as part of its Series E extension at a valuation of $2.5 billion. Author: Parikshit Mishra Source link
Many high level executives of traditional technology firms have left their jobs to dive into the metaverse with Grab’s head of technology, Wui Ngiap Foo, being the latest. Author: Camomile Shumba Source link
Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs. The company collects coal refuse, a leftover waste material from the process of coal mining, and burns it in what it says is an emissions-controlled environment at its energy generation facilities. Coal refuse can cause a raft of environmental problems, such as water and air pollution, and acid mine drainage, the acidic water which comes from coal mining operations. Collecting this waste and safely…