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“# Korean crypto investment company launches $100 million fund for blockchain projects ” Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.” The funds were raised via Hashed Ventures Inc., a new entity that will oversee the…
“# Coinbase IPO to further legitimize crypto, but limitations remain ” In some ways, the Coinbase exchange is the poster child for the crypto industry. It has embraced — not fought — regulation, which sets it apart from most cryptocurrency exchanges while the firm’s trading app is praised for its ease of use. When JPMorgan…
“# Binance launches trading and staking for three more Chiliz fan tokens ” Binance, the world’s largest cryptocurrency exchange by trading volume, is listing another batch of fan tokens by a major sports-focused token platform, Chiliz. According to a Dec. 23 announcement, Binance Launchpool — a platform allowing users to stake tokens for up to…
“# Scaramucci’s SkyBridge BTC fund launches with $25 million investment ” Just two days after filing a Form D exemption with the U.S. Securities and Exchange Commission, Anthony Scaramucci’s hedge fund, Skybridge Capital, has launched its proposed Bitcoin (BTC) fund. In a Dec. 23 interview on the Yahoo Finance channel, Scaramucci claimed that the effective…
“# Kraken nabs Bitstamp executive for key business development role ” Kraken, a San Francisco-based digital currency exchange, has added a proven crypto industry leader to its executive team, underscoring the firm’s continued expansion this year. In an official blog post, Kraken announced Tuesday that Miha Grčar has joined the firm as head of business…
“# Bitmain’s ‘hard fork’ to end in $600M settlement in favor of Micree Zhan ” After months of wrestling for control of the company, Bitmain co-founders Jihan Wu and Micree Zhan have reportedly reached a settlement. According to Chinese crypto expert Colin Wu, and reported by multiple local publications, both parties have agreed to a…
“# Huobi plans return to the US after ceasing operations in 2019 ” Huobi Group, the company behind major global crypto exchange Huobi, is apparently planning to return to the United States with a new license secured from local regulators. After ceasing operations in the U.S. in late 2019, Huobi seems to be interested in…
“# Riot Blockchain buys 15K Bitmain Antminers, expects 65% hash rate increase ” Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute to an increase in its total Bitcoin…
“# SEC set to sue Ripple with XRP in the crosshairs ” Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune. In a move reminiscent of Coinbase’s recent front-running of a New York Times expose of its alleged treatment of employees of color,…
“# Indian crypto exchange CoinDCX raises $14M in its third round in 2020 ” CoinDCX, the largest cryptocurrency exchange in India, continues to aggressively expand its business with a massive new fundraise. According to a Dec. 21 announcement, CoinDCX has raised $13.9 million from industry investors like Coinbase and Polychain in its Series B funding round….