TaxBit is now valued at $1.3B after raising $130M in a funding round
TaxBit, a cryptocurrency tax software provider based in the United States, has a valuation of more than $1.3 billion after a recent funding round, the fund is aimed at helping the company expand into the US and UK. IVP and Insight Partners led a $130 million Series B investment round for TaxBit , with participation […]
Bittrex Global CEO – Crypto has gone mainstream and is no longer in the early stage
Bittrex Global’s CEO Stephen Stonberg has given his opinion on how well the crypto space has evolved over the years in terms of adoption, he believes the days of early adoption are over. The crypto sector began with the debut of Bitcoin in 2009 and has since blossomed into a thriving industry with a wide […]
Ukraine shuts down cryptocurrency exchanges involved in money laundering
The Security Service of Ukraine (SBU) has taken down a network of cryptocurrency exchanges that were used to anonymize transactions and also launder money. Over 1,000 “customers” used the underground exchanges to launder money received from Yandex.Money, Qiwi, and Webmoney, among other Russian electronic payment processors . “Criminal cryptocurrency exchanges were in high demand because […]
Anchorage Digital adds Ethereum DeFi Token dYdX to their portfolio
Anchorage, a cryptocurrency custodian, is expanding its operations to include governance services for decentralised financial tokens, according to a press release. Upon the launch of the dYdX governance token, Anchorage Digital will be able to take custody of the token on behalf of its customers, the company announced today in a press release. dYdX comes […]
DAO Maker protocol platform loses $7M in latest DeFi exploit
Dao Maker, a crowdfunding platform was hacked, CipherBlade is conducting an investigation into the hack and has identified a Binance account associated with the attacker. Hackers have taken funds from more than 5,000 user accounts on the DAO Maker crowdfunding website, which is used to raise financing for crypto projects. Hackers were able to withdraw […]