Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response...
Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company that was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed in its fourth-quarter report, published Feb. 8, that it had received board approval to buy back the stake. “Our...
Hypernative, a cryptocurrency security startup that specializes in anti-hack protection, today announced that it has raised USD 9 million in seed funding to help Web3 companies prevent losses from cyberattacks. IBI Tech Fund and boldstart ventures led the round with additional investments from Nexo, Blockdaemon, borderless, Alchemy and CMT Digital, among others. According to Hypernative...
Brett Harrison, former president of FTX.US, has raised USD 5 million for Architect, a new crypto startup that will build trading software targeted at large investors and institutions, according to a Bloomberg report. It has been almost four months since Brett Harrison stepped down as president of FTX.US, the US arm of the now bankrupt...
The MVIS Global Digital Assets Mining Index, which includes data on the top 20 Bitcoin miners including Riot Blockchain, Galaxy Digital, Bitfarms and Iris Energy, has grown by 64% since the beginning of January 2023. This month, the indicator showed the largest increase since its inception in December 2021, according to Bloomberg. At the same...
Overview Asset tokenization refers to implementations of the blockchain that create tokens for financial and real-world assets ranging from equity, bonds and funds to art, real estate, commodities and patents. According to a new report from Boston Consulting Group (BCG) and ADDX, asset tokenization will reach USD 16 trillion by 2030, or 10% of global...
Immunefi’s Crypto Losses 2022 report found that over USD 3.9 billion was ‘lost’ last year. While that might seem like a whopping amount of capital to lose track of, it’s down 51.2% compared to 2021, when over USD 8 billion was stolen, the report found.
India’s tax rules on cryptocurrencies, which came into effect last April, have seen local exchanges lose the lion’s share of the market to those run by foreign players, according to a new report. Binance, Coinbase and other foreign exchanges held 67.6% of the crypto market share in India as of October 2022, up from 50%...
Shaktikanta Das, the head of India’s central bank, has criticised digital tokens, marking the latest denouncement of cryptocurrencies from officials in the country. “Changes in the value of any so-called product are a function of the market. But our main concern with crypto, unlike any other asset or product, is that it has no underlying...
Apple is gearing up to allow third-party app stores on its devices to comply with new EU antitrust laws, which could be a significant benefit for crypto and NFT app developers, at least in Europe. Under the new rules, European customers will be able to download apps not from the Apple’s branded app store. This...
