Category: Cryptocurrency

Crypto custodian and bank Anchorage raises $80 million in a Series C funding round

Cryptocurrency custodian and banking company Anchorage announced Thursday that it raised $80 million in a Series C funding round. The round was led by Singaporean sovereign wealth fund GIC, with participation from a16z, Blockchain Capital, Lux, and Indico. With fresh capital at hand, Anchorage looks to expand its custody and banking services among institutional customers. […]

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Coinbase Files for IPO via Direct Listing on Nasdaq — Valuation Soars Above $100 Billion

Cryptocurrency exchange Coinbase has filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC). The company has chosen the direct listing route and has applied for its shares to be listed on Nasdaq. Coinbase filed Form S-1 Registration Statement for its IPO with the SEC on Thursday. The company revealed in […]

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Coinbase S-1 reveals details of CFTC investigation into 2017 ETH ‘flash crash’

Coinbase’s S-1 registration statement filing has revealed details of a number of regulatory investigations involving the exchange in recent years. The filing, a key step on the firm’s path towards a direct listing on the Nasdaq exchange, provided a significant inside look of the business. A section on legal proceedings confirmed reports from 2017 that […]

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Coinbase says it holds bitcoin as an investment on its balance sheet

Crypto exchange operator Coinbase has revealed that it holds bitcoin and other crypto-assets as an investment on its balance sheet. “Since our founding in 2012, Coinbase has held bitcoin and other crypto assets on our balance sheet — and we plan to maintain an investment in crypto assets as we believe strongly in the long-term […]

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Crypto asset manager CoinShares to IPO in Sweden

CoinShares, Europe’s largest crypto-focused asset manager, has quietly kicked off a share issue ahead of a planned public offering on the Nasdaq First North Growth Market in Stockholm, Sweden. CoinShares International Limited has made 3,364,403 shares available for investment by individual and institutional investors in Sweden and abroad. This equates to an offering of roughly […]

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One of Switzerland’s oldest banks now offers trading in cryptocurrencies

Bordier & Cie SCmA, a Swiss private bank founded in 1844, now offers trading in bitcoin and other cryptocurrencies. Bordier has partnered with Sygnum Bank for the initiative, which means Sygnum’s B2B Banking solution has been integrated with Bordier’s internal infrastructure. The integration allows Bordier’s clients to trade cryptocurrencies on an execution-only basis. That means […]

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India’s central bank has ‘major concerns’ about crypto, but is working on digital rupee, governor says

The Reserve Bank of India (RBI), the country’s central bank, is concerned about cryptocurrencies, but it is working on the digital rupee, governor Shaktikanta Das has said. In an interview with CNBC TV-18 on Wednesday, Das said, “we have major concerns from the financial stability angle we have shared it with the government.” Das did […]

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Nearly $6 billion: Crypto futures market saw the highest amount of liquidations in its history on Monday

The crypto futures market saw the highest amount of liquidations in its history on Monday. In the last 24 hours, the market saw $5.77 billion worth of liquidations, according to tracker Bybt, a development triggered by a broad decline in the price of bitcoin and other cryptocurrencies. By comparison, March 2020’s so-called “Black Thursday” saw […]

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Galaxy to launch research unit, eyes a 40% company-wide headcount expansion

Galaxy Digital is growing its ranks, and as part of that effort, the firm is building out a research unit that will provide resources for both in-house staffers as well as clients. Led by Mike Novogratz, the New York-based crypto investment bank announced Tuesday that it has hired Alex Thorn, an alumnus of Fidelity Investments […]

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Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based […]

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