Metaplanet Establishes Offshore Arm for Enhanced Bitcoin Strategy
Metaplanet establishes a British Virgin Islands subsidiary to improve its cryptocurrency market position and increase its Bitcoin reserves for long-term financial strategy. Metaplanet, a prominent Japanese investment company, has implemented a substantial measure to fortify its strategic Bitcoin operations. Recently, the company announced the formation of a wholly-owned subsidiary in the British Virgin Islands. This […]
Coatue Management Invests $150M in Bitcoin Miner Hut 8
Bitcoin miner Hut 8 Corp recently secured a $150M investment from Coatue Management, a technology-focused investment manager. As investors continue to capitalize on artificial intelligence (AI) growth, Coatue Management, a technology-focused investment manager, will allocate $150 million to the Bitcoin (BTC) miner Hut 8 Corp. Hut 8 Corp disclosed the multimillion-dollar investment from Coatue Management, […]
Taurus Expands Custody, Issuance Platforms to Stellar
Taurus’s fintech business has extended its custody and issuance platforms to include the Stellar network. On Monday, June 24, the FINMA-regulated Taurus announced the expansion and mentioned that Taurus-PROTECT and Taurus-CAPITAL are operational on Stellar. The two platforms are the custody and digital issuance and tokenization services the regulated firm provides, respectively. Taurus will thus […]
Hut 8 Secures $150M Funding to Build AI Infrastructure
Hut8, a significant player in bitcoin mining, revealed that Coatue had provided $150 million in strategic capital to help it become a “leader in the AI infrastructure market.” Hut 8, a Miami-based Bitcoin mining company, revealed on Monday that it had raised $150 million to improve its artificial intelligence (AI) data center capabilities. The money […]
Transak, Privado ID Partner to Pioneer Decentralized KYC Reusability
An innovative decentralized authentication service named “Reusable KYC” will be powered by Transak and Privado ID, formerly Polygon ID. This Know Your Customer (KYC) sharing service will improve Web3 onboarding procedures by strengthening and optimizing the decentralized identity verification process. Yeshu Agarwal, the chief technical officer at Transak, said: “We are excited to partner with Privado […]